FAQ

What services do you provide?

Monaco Capital Management is a full-service Wealth Management & Investment Advisory service, providing our clients:

  1. Professional portfolio management for investors seeking income, growth and growth with income.
  2. Comprehensive Financial Planning, including: Estate and Legacy Planning, Retirement Planning, Education Planning, Personal and Family Financial Planning
  3. Public speaking engagements for groups of various sizes.
  4. Third party portfolio analysis (i.e., a second opinion on investments held elsewhere, such as a portfolio managed by an investment processional other thank Monaco Capital Management).
  5. Stock, bond and mutual fund research and analysis.
  6. Corporate budgeting and cash flow consulting.
  7. Economic forecasting.
  8. Individual, Business, Estate and Trust Income Tax Preparation.
  9. Life and Long Term Care Insurance.

Can I keep my current broker and still avail myself of Monaco Capital Management?

Certainly.

We can advise or manage your assets held with any custodian or broker/dealer. 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.

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?

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 you financial advisor is making all of the decisions and is compensated for every trade.

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 2 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 50-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.
  • 8 years with Prudential Securities as Branch Manager and Vice President of Investments.
  • 12 years with UBS Financial Services (formerly PaineWebber) as Branch Manager and First Vice President of Investments.
  • 16 years as Branch Manager and Registered Principal of Raymond James Financial Services while simultaneously President of Monaco Capital Management
  • January 2020 – present – acting solely as President and Chief Investment Officer of Monaco Capital Management.

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 either to the FINRA registered broker/dealer or to the mutual fund or insurance company with whom you are investing.

Registered broker/dealers are members 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. Many broker/dealers purchase excess SIPC coverage through various insurance company syndicates. Information on additional coverage can be obtained from the broker/dealer acting as custodian for your investments. Account protection applies when a SIPC-member firm fails financial 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).