What services do you provide?
Monaco Capital Management is a full service Wealth Management & Investment Advisory service, providing our clients:
- Professional portfolio management for investors seeking income, growth and growth with income.
- Comprehensive Financial Planning, including: Estate and Legacy Planning Retirement Planning Education Planning Personal and Family Financial Planning
- Public speaking engagements for groups of various sizes.
- Third party portfolio analysis (i.e., a second opinion on investments held elsewhere, such as a portfolio held at another broker, ongoing allocation advice for your 401k, etc.).
- Stock, bond and mutual fund research and analysis.
- Corporate budgeting and cash flow consulting.
- Economic forecasting.
Can I keep my current broker and still avail myself of Monaco Capital Management?
We can advise you on your assets at your current brokerage account. This allows you to maintain your current relationship, have a third party advise and manage your assets, and still allow your current broker to be compensated. We are compensated by a fee based on your portfolio’s assets, while your broker may either charge an additional flat fee or a commission for each transaction. Implementation of our advice cannot be done by our office; it must be processed by you or your broker.
If you are looking for a second opinion on the investment advice you are currently receiving, rather than desiring a new financial advisor, we will be happy to provide one to you whenever you desire. For this service we are compensated by an hourly fee.
Do I pay a commission, fee or hourly rate?
Depending on the service you would like us to provide, this is really up to you. For portfolios that we manage on a discretionary basis, we are compensated by charging a fee on the total amount of assets we manage. This helps to avoid the obvious conflict of interest that exists if your financial advisor is making all of the decisions and is compensated for every trade.
For portfolios that we manage on a non-discretionary basis we prefer to be compensated on a fee basis for all the reasons stated above, but we will operate on a traditional commission basis if you prefer.
For advisory services, we charge an hourly rate.
Clients should periodically re-evaluate whether the use of an asset-based fee continues to be appropriate in servicing their needs. A list of additional considerations, as well as the fee schedule, is available in the firm’s Form ADV Part II as well as the client agreement.
What Background and experience does Monaco Capital Management have that qualifies them to manage my or my organization’s money?
At Monaco Capital Management, we have over 40-years of combined investment management and investor service experience. In 1981 our founder, Joe Monaco, began his financial advisor career with the world-renowned firm E.F. Hutton. For over eight years he was with Prudential Securities, where he served as Vice President and Branch Manager. Then, for twelve years, Joe served as a Branch Manager and First Vice President of Investments for UBS Financial Services (formerly known as PaineWebber).
Additionally, Joe possesses a Ph.D. in Economics, an M.B.A. in Finance, and a B.A. in Business Management, and he has taught at a number of local colleges and universities.
I have never heard of Monaco Capital Management. How do I know my money is safe from fraud?
Great question! First, when investing your personal assets, you will never be asked to make a check payable directly to Monaco Capital Management. Your investable funds will always be payable to either Raymond James Financial Services or to the mutual fund or insurance company with whom you are investing.
Raymond James is a member of the Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). An explanatory brochure is available upon request or at sipc.org or by calling (202) 371-8300. Raymond James has purchased excess SIPC coverage through various syndicates of Lloyd’s, a London-based firm. Excess SIPC is fully protected by the Lloyd’s trust funds and Lloyd’s Central Fund. The additional protection currently provided has an aggregate firm limit of $750 million, including a sub-limit of $1.9 million per customer for cash above basic SIPC for the wrongful abstraction of customer funds. Account protection applies when a SIPC-member firm fails financially and is unable to meet obligations to securities clients, but it does not protect against market fluctuations.
The only checks you will ever be asked to make payable to Monaco Capital Management will be for our compensation (fees or hourly services).