Contracts & Speculation
Individuals investing in financial contracts on own account, securities speculators for own account, and investment clubs — positions taken on the firm's own book.
Contracts · Speculation · Clubs
The Register / The Desks
Four Desks Seated.
Every desk keeps its own register and its own standard. Here's the complete service roster — what each desk takes in, advises on, and administers.
Desk I · Principal Investing
Own-Account Positions.
Royalties & Interests
Mineral royalties and leases, oil royalty dealing, mortgage dealing, tax liens, and viatical settlements — as principal dealing to investors.
Minerals · Oil · Mortgages · Tax Liens
Venture Capital
Venture capital positions — early-stage and growth investments taken as principal for the firm's own account.
VC · Growth · Principal
Desk II · Investment Counsel
Advice For A Fee.
Financial Planning
Certified financial planners and customized financial planning services — fees paid by the client, tailored to the client's situation.
CFP · Customized · Client-Paid
Investment Advisory
Investment advice consulting and counseling services, customized — advisory relationships where the advice is the product, not a commission.
Advisory · Counseling · Consulting
Fee Structure
Client-paid fees only — no product commissions, no placement fees. The advice serves the client's interest, full stop.
Fee-Only · No Commissions
Desk III · Funds & Trusts
Managed & Held.
Fund Management
Investment management — managing mutual funds, private equity funds, pension funds, and portfolio funds for their stated mandate.
Mutual · PE · Pension · Portfolio
Trust Administration
Personal investment trust administration and managing trusts — personal investment trusts run to the trust instrument's terms.
Personal Trusts · Administration
Estate Administration
Administrators of private estates and bank trust offices — estate and trust business conducted as a fiduciary.
Estates · Bank Trust Offices
Desk IV · Securities Services
Custody & Clearing.
Custody & Transfer
Securities custodians, securities transfer agencies, stock transfer agencies, and deposit brokers — the back office that moves and holds.
Custody · Transfer · Deposit
Clearing & Quotation
Exchange clearinghouses for commodities and securities, stock and securities quotation services, and virtual currency trading clearinghouses.
Clearing · Quotes · Virtual Currency
Escrow & Protection
Escrow and fiduciary agencies (non-real estate), securities holders' protective committees, and lease brokers' offices — gas and oil.
Escrow · Protective · Lease Brokers
Engagement
Which Desk Is Yours?
Describe the position, the portfolio, or the matter — the office routes it to the right desk within one business day.
Open An Engagement