Our registration with the Securities and Exchange Commission expressly provides that we will not hold client assets. Your securities are held on deposit with a custodial bank or brokerage firm of your choosing. They are protected by the Securities Investor Protection Corporation, and by excess coverage insurance at brokerage firms. At no time do we have access to your securities, nor can they be delivered to anyone but you.

Our relationship is governed by formal agreements between you and AKJ Asset Management and your custodian, which limit our authority over your securities to ordering purchases and sales for your account and issuing instructions for the payment of funds to you. Confirmations of all transactions and monthly activity statements are sent directly to you with duplicates to us.

Purchases can be made only from your account and the proceeds from sales can be deposited only to your account. When you contribute new cash, it is deposited by you directly, with checks payable to your custodian.

We will bill you on a quarterly basis for our fees. If you want our fees to be paid from your account, you may authorize your custodian, in writing, to do so. This is the only instance where funds can be paid to us. Brokerage commissions and custodial fees are paid from your account (although some broker-custodians do not charge custodial fees).