1.
Who owns E1 Asset Management?
E1
Asset Management is a privately
held US corporation. The Managing
Partners are Ron Y. Itin and Sonny
Shaikh. With nearly 30 years experience
between the two of them in the securities
industry, our leadership has a solid
knowledge of the markets from the
feel-good 1990’s through the technology
bubble bursting and beyond.
2.
Where are you located?
As
of 2007, E1 maintains its corporate
headquarters at 44
Wall Street in lower
Manhattan. E1 also maintains a branch
office at 27
Whitehall Street, which
is also located in the Financial
District of New York City.
3.
What are your hours of operation?
Monday through Friday, 8am – 4pm Eastern Standard Time.
4.
Who is Pershing LLC and what is
your relationship to them?
Pershing
LLC is a subsidiary of The Bank
of New York Mellonwhich specializes
in providing Investment Services
to the Financial Sector. They currently
have offices in 22 Countries and
employ over 23,000 professionals.
Since our inception, E1 has utilized Pershing’s technology and services in areas ranging from our trading platform to securities clearing. Pershing LLC is also our custodian bank, where all of our client’s funds are held.
5.
Which Securities Regulatory Bodies
are responsible for providing oversight?
E1
Asset Management is a member of
the Financial Industry Regulatory
Authority (FINRA) and is also what
is known as a Self Regulatory Organization
(SRO).
You
can search online for E1 by visiting
the FINRA’s website (www.finra.org)
and searching for us via our CRD
Number, which is 46872 or by the
name/ individual CRD # of any of
our registered advisors.
In addition, E1 is required to be in compliance with all rules and regulations set forth by the Securities and Exchange Commission (SEC). They are an extension of the Department of Justice, part of the United States Federal Government.
6.
I have noticed when using several
search engines that E1 Asset Management
results include links which refer
to its appearance on a list maintained
by the UK Financial Services Authority
(FSA) of "unauthorized firms."
Is this still the case?
No. While we are
not "authorized" by the
FSA to do business in the United
Kingdom, we have now been removed
from their most recent "unauthorized
firm" list, which is a list
of overseas (i.e. non-UK) firms
known to be targeting UK investors.
As an "overseas" firm
which is not authorized by the FSA,
we are only allowed to contact potential
investors in the UK under limited
exemptions.
For more information, please email
us at info@e1am.com
or ask your financial advisor.
7.
Can I purchase International (Non-U.S.)
shares through E1? If so, how does
that work?
Through Pershing, E1’s clients have the ability to trade on the global markets. The shares of many large capitalization companies are available as American Depository Receipts (ADR’s), however if these are unavailable or you would prefer the stock in the country of origin, options are available for those nations that enjoy diplomatic relations with the United States including (but not limited to): England, Australia, Israel, Italy, Japan, Singapore, France, Germany, Hong Kong and China.
Please
ask your Financial Advisor for availability
and applicable charges or email
us at info@e1am.com
8.
Is online account access available?
Yes. All of our clients have the ability to view their accounts via Netexchange. You may go directly to their site here or link from our website.
This service is free and paperwork is included in all new account packages. Clients may view their holdings, past activity and balances in near-real time (15 minute delay). Trading online is NOT available, at this time. Clients are encouraged to seek advice from a licensed Financial Advisor prior to transacting, as we pride ourselves on being a full service financial firm.
9.
What does “agency-only” mean and
how does this benefit me as an investor?
In business, the term agency literally means “a business or service authorized to act for others.” E1 Asset Management prides itself on putting the client first—no hidden financial incentives to advisors for choosing one investment over another. We go into the market for our clients and acquire those companies we feel will perform the best over the long term. We maintain no inventory and perform no market-making activities; thereby acting solely in your best interests.
10.
Are there any privacy issues associated
with having an account at E1 Asset
Management?
We take our clients’ privacy concerns very seriously. We do not sell names, addresses, phone numbers or other contact information to any business listing services. As a further safeguard, all of our accounts are held in “street name” unless specifically requested otherwise.
What this means is that shares are not held in your name for public record, they are held under a number. In addition to keeping your personal or corporate information off of databases for sale, it also helps facilitate the transfer of shares at the time of sale, rather than physically exchanging certificates. Holding securities in street name is also mandatory when trading on margin or in a margin account.
11.
Why do you need all this information
(Passport, Tax Form, etc.) from
me to establish an account?
E1 Asset Management understands and appreciates that it is important to be current and in compliance with all banking and regulatory bodies whose jurisdiction we fall under. Since September 11th, 2001 and the subsequent passage of the Patriot Act, international banking and securities laws have become far more stringent, requiring that transactions be far more transparent for criminal and civilian authorities alike. As a result of the passage of the Patriot Act clients are now required to submit a valid Government ID or Passport containing a photo and supporting documentation.
As
mentioned above, our clients’ privacy
is paramount and such information
will not be shared with any outside
entities (with the exception of
Federal or State authorities, pursuant
to a valid subpoena).
12. When is settlement or when are
funds due for purchases?
Our
settlement times are set by the
Federal Reserve in conjunction with
the applicable SRO. These times
can vary from next day to five business
days depending on the nature of
the transaction and the status of
the account.
Please
contact your Financial Advisor for
a full schedule detailing allotted
transactions and subsequent settlement
dates.
13.
What contingency or business continuity
plans does E1 have in place?
As we all know in the post 9-11 and Hurricane Katrina world that unforeseen calamities are unfortunately a fact of life. In the event of a disruption in the markets or our operations our first step will be to reallocate resources and personnel to our branch office (if it is still intact).
If the Whitehall location is unavailable, E1 maintains two other undisclosed locations in the Tri-State area (both outside the confines of New York City) which would likely be unscathed in the event Manhattan becomes ground zero once again. Both facilities enjoy state of the art technology and can comfortably accommodate our leadership and supporting personnel.
You
can view our business
continuity plan.
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