How do I know my money is safe with Leisure Capital? Does Leisure Capital custody my assets?

By its nature, investing is not free of risk. That said, we work with each client individually to assess your comfort with market risk and then invest your capital in a way that balances your personal risk tolerance with your financial goals. And because your assets are held at highly reputable custodians like Charles Schwab and TD Ameritrade, you can invest with confidence that your money is as safe as it can be.

Do you have a minimum account size?

Our clients typically have $500,000 or more in investable assets. Adhering to this minimum enables us to provide the extraordinary level of service that every one of our clients deserves and expects.

Can I access my accounts online?

As a Leisure Capital client, you will have the same online access to your accounts you do today through your existing custodian (Schwab, TD Ameritrade, etc.), as well as online access to the Leisure Capital Management Vault where you can view detailed performance reports and other important financial documents.

Is there a fee for an initial consultation?

No. It does not cost you anything to meet with our team in person to discuss your current financial situation and explore if Leisure Capital is the right fit for you. The initial consultation is completely free of charge.

Will I need to liquidate my entire portfolio to work with Leisure Capital?

No. If your accounts are currently held at TD Ameritrade or Charles Schwab, we can simply link to your accounts using a Limited Power of Attorney. If your assets are held at a custodian other than TD Ameritrade or Charles Schwab, they can be easily transferred in-kind to the new institution.

In either case, we will work closely with you to identify the most suitable investments for you (which may include maintaining your existing positions), as well as create a strategy to manage any potential capital gains liabilities. No changes to your investment strategy will be implemented without your complete understanding and agreement.

Where can I find more information about your firm?

Every investment firm is required to file a Form ADV to register with both the SEC and state securities authorities. You can view our most recent Form ADV here. Legal information about our firm can be found on BrokerCheck and on the SEC website.

Who makes the investment decisions at Leisure Capital Management?

All investment decisions are made by the Leisure Capital Investment Committee. Currently, our Committee includes six members, three of which hold the Chartered Financial Analyst (CFA) designation (see page: Why Hire a CFA Charterholder?). The Committee meets weekly to discuss current markets, economics, strategies, asset allocation, and potential changes so that our portfolios remain current with the ever-changing financial landscape.

Leisure Capital is a fee-only fiduciary firm. What does this mean to me?

Working with a fee-only firm gives you the confidence that every recommendation and every decision is being made in your best interest—only. As a fee-only fiduciary firm, our only source of revenue is from our clients who are billed based on their assets under our management (AUM). We receive no commissions or other perks when investing your assets in a particular fund, stock, or ETF. As a fiduciary, we are legally bound to act ethically in our clients’ best interests, so every decision we make is based on one thing: you.

I received notification that I may be eligible to participate in a class action lawsuit.  What do I do?

Generally, this question applies only to investors who utilize individual stocks as part of their investment strategy. Although Leisure Capital considers the governance of the companies in which we invest, there are times when (even with the best of intentions) a company’s board may fail to adhere to securities reporting and accounting rules and laws. In situations in which investors were harmed by one of these breaches, there are often class action lawsuits litigated against the violating company in order to try and recuperate some of the loss that investors experienced due to whatever misstep the example company took. Egregious cases like Enron make headlines, but class action lawsuits are a rather routine experience as a stock investor, and many well-respected companies have had varying degrees of missteps in this context. Due to the variety of cases and legal expertise required, Leisure Capital uses a third party service to file claims on behalf of our investors. This service, provided by Chicago Clearing Corporation, ensures that as wide a net as possible is cast for our clients. If and when there are cases in which our clients can participate, Chicago Clearing files claims automatically and checks are delivered to client accounts helping recoup some of the losses that can be proven to be due to governance issues. As a result, class actions filing is handled for our clients and there is no follow-up required. Of course, if you have any questions about this process or service, we are happy to take your call.

We’d love to answer any additional questions.


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