Investment Advisory Service and Fees
LSC provides investment advisory services to clients with the authority to enter buy and sell transactions in your brokerage account. Our clients give us this authorization by signing our Investment Advisory Agreement. This agreement specifies for each client the investment guidelines under which we will manage your account. LSC charges an advisory fee which will be billed quarterly based on the ending balance of the account.

Custodial Account and Commissions
Each client has a brokerage account for custodial and transactional services. This account may be with Charles Schwab, with whom we have an institutional relationship, or your custodian of choice. LSC is not a broker-dealer. All custodians will charge transaction costs at the time of the transaction. Should you choose a custodian other than Schwab, the transaction costs will be determined between you and your custodian. All transactions are reported in your monthly statement, as well as your choice of emailed or mailed confirmations.

Documentation
Establishing the relationship would involve the following documentation:

     • LSC Investment Advisory Agreement
     • Schwab Account Application
     • Account Transfer Form

Many customizations can be accommodated such as monthly transfers of cash to a checking account or automatic debits.  
           
Reporting
Our clients receive two reports on a regular basis; a monthly custodial statement showing all transactions and holdings, and a comprehensive Portfolio Review and Evaluation provided by LSC on a quarterly, biannual or annual basis, depending on your preference.