Investment and Cash Management Account
An excellent first step in establishing your relationship with Carter, Terry & Company is setting up an Investment account, which includes:
- A minimum initial investment of only $1,000 in cash and/or securities;
- No minimum balance once the account is opened;
- No annual account fee;
- A choice of professionally managed money-market-fund portfolios: money-market, government securities 1, and tax-exempt;
- Automatic reinvestment of interest, dividends, and other cash balances into the money-market portfolio you select;
- No-minimum checking;
- Convenient worldwide 24-hour ATM access;
- Overdraft protection and a private credit line based on the value of your marginable securities, which allows you to borrow (at rates usually lower than those available from banks) by simply writing a check or using your ATM card; the more you have, the more you can borrow, and the interest may be tax-deductible up to the total of your taxable investment income from all sources;
- Direct deposit – automatic deposit of your paycheck (or government checks like social security) in your investment account via electronic funds transfer; and
- An automatic payment feature – monthly debits for payments like mortgages, insurance drafts, car payments, and mutual-fund investments.
Your Investment access account makes it easy to manage all your assets more effectively through a single account.
- The Government guarantee of the securities owned by the Government Securities Portfolio does not guarantee the net asset value of the Portfolio’s shares, which the Portfolio seeks to maintain at $1.00 per share. Yields on all three portfolios will fluctuate. Future performance is not guaranteed.
- The Investment access account fact kit includes the money-market-fund prospectus, which contains complete information, including management fees and expenses. Read it carefully before you invest.
Stocks
If you are interested in long-term growth, part of your portfolio will probably be devoted to the one kind of investment that consistently produces such growth – common stocks. Carter Terry uses RBC as custodian who offers various asset-related accounts and services, including self-directed investment accounts, asset-based lending for businesses, and global asset management solutions, catering to both individual and institutional investors. To help your CT&C broker recommend stocks that suit your investment objectives, our team utilizes Company research and overviews of selected stocks via access to RBC Capital Markets, LLC research team as well as in-house analysis.
The state-of-the-art RBC platform provides your CT&C broker instant access to critical market data and information on your account, portfolio valuations, inventories of securities, and other information for enhanced service to you.
Through RBC, your CT&C broker can provide quick and efficient executions of your orders. You also get easy access, favorable prices, and quick executions in a wide range of growth investments.
Bonds and Other Fixed-Income Securities
To make sure that you and your CT&C broker have access to securities that meet your needs, we have access to comprehensive inventories of government, corporate, and local municipal securities. Interest municipal bonds is exempt from federal income taxes, and usually from the income of the issuing state. In addition, Carter, Terry & Company offers certificates of deposit from a nationwide inventory, available through RBC, with attractive yields and maturities of six months, one year, and longer. RBC acts as agent in offering CD’s insured (up to $100,000 per account) by FDIC. The minimum investment is $5,000.
If you like, your CT&C broker can design a portfolio to provide an interest check every month. To plan for future needs like education funding or retirement, we can design a “bond ladder” with staggered maturities to provide income and principal when you need it.
Mutual Funds
Mutual funds pool the money of many investors who share similar objectives, creating diversified portfolios under professional management. A mutual fund may invest its shareholders’ money in stocks, bonds, or both. Some mutual-fund companies provide families of funds, allowing you to switch your money from one fund to another as your investment objectives change.
Many funds allow an initial investment as low as $250-$1,000 and can provide convenient reinvestment of dividends and capital gains. Many also allow you to take advantage of a proven investment discipline called dollar-cost averaging –investing the same number of dollars at regular intervals–through convenient payroll deduction.
We offer a variety of stock, bond, and balanced (stock-and-bond) mutual funds from several companies–including municipal-bond funds designed to yield maximum tax-exempt income. We also offer unit investment trusts (UITs), which provide diversified portfolios of municipal, public debt, and equity securities.
Carter Terry is able to selects mutual funds from an extensive universe – including well-known no-loads – to provide a portfolio suited to your investment objectives. It also provides performance monitoring and recommendations as needed, along with:
- One statement summarizing all portfolio positions.
- One consolidated tax report at year end.
- One source for service and research.
Investment and fund products offered through Carter Terry & Co., Inc. are subject to investment risks, including possible loss of the principal amount invested. Review the investment prospectus always when delivered, which contains complete information, including management fees and expenses. Read if carefully before you invest.
Fee-Based Portfolio-Management and Brokerage Services
For those who prefer an alternative to the traditional brokerage account, we offer three types of accounts in which a single annual fee replaces commissions on transactions. For these accounts, the minimum account size is $100,000.
- A fee-based monitored brokerage account. Your CT&C broker makes investment recommendations while you make the final decisions. You also are able to receive a written performance report along with your custodian statements.
- The investment division of Carter, Terry & Company can assist you to find a professional money manager to suit your investment goals and objectives.
- The RBC platform allows you to invest $100,000 or more with any of a select group of leading managers, some of whom ordinarily require a minimum investment of $1 million.
One of the things long-term prosperity means today is being ready, at age 65, to fund as much as 25 more years of comfortable, active living. Carter Terry wants to provide assistance in a number of value-added services – a financial security analysis, an income-tax review with your CPA, a cash-flow analysis, an estate-planning profile review, a financial checkup – all at no cost or obligation. Carter, Terry & Company can help you plan a secure retirement.
Carter Terry & Co. Inc. is a registered investment adviser and Member NYSE/FINRA/SIPC. Review the investment prospectus always when delivered, which contains complete information, including management fees and expenses. Read it carefully before you invest. Investment and fund products offered through Carter Terry & Co. Inc. are subject to investme risks, including possible loss of the principal amount invested.
Keeping You Informed
Depending on your account’s activity, you will receive a monthly or quarterly statement detailing your cash and securities transactions and positions. Twice a year, you receive a Consolidated Statement of Financial Condition of RBC, which includes a report from our clearing broker/dealer’s management bringing you up to date on the firm’s major activities.
At a minimum annually, you will receive an Annual Activity Summary. It’s a report of all your transactions for the calendar year just ended – which can make preparing your tax return a lot easier.
RBC Correspondence Services
Through Carter, Terry & Company’s alliance with RBC, client securities accounts are provided up to $500,000 in account protection (cash up to $100,000) by the Securities Investor Protection Corporation (SIPC). An additional $49.5 millions of protection is provided at no cost, for total protection of up to $50 million. This protection does not cover any decline in the market value of your investments, and certain related accounts may have one aggregate limit.
Disclaimer
Carter, Terry & Co., Inc. site data is for informational purposes only. Any distribution, use or copying of the information is unauthorized. This website contains information provided by other entities for general informational purposes only. All information on the site is provided in good faith, however should not be relied upon or construed as investment advice. Each investment decision should be determined with specific information for that particular investment. Past performance is not indicative of future results