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Terms & Fees
- All account owners, trustees, and custodians must be U.S. citizens or permanent residents with a valid Social Security number or Taxpayer Identification number. An account owner must have a permanent U.S. address that is not a post office box.
- $100,000 minimum for the first account and $25,000 minimum for each additional account.
- Clients are charged an annual fee of 1% of assets under management that includes trading costs and the advisory fee. Fees are deducted on a quarterly basis, with a minimum of $50 per quarter. Clients with assets under management over $1 million are charged a reduced annual fee of .8% for any assets above $1 million.
- Individual Retirement Accounts (IRAs), Roth IRAs and 5305-SEP IRAs are subject to a $35 annual maintenance fee. All retirement accounts are subject to a $50 termination fee. Maintenance and termination fees are charged by the Custodian.
- Formula Investing does not impose penalty charges to close your account at any time.
- All trades are executed and securities are custodied at Pershing LLC, a subsidiary of The Bank of New York Mellon Corp. Client account statements are generated and distributed by Pershing LLC.
- Clients can contact our Relationship Managers Monday through Friday 9:00-5:00 ET through our toll-free number or email us anytime using the Contact Us tab on the Formula Investing website.
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Formula Investing is operated by Gotham Asset Management, LLC.