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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 over 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.
Where are you located?
As of 2008, E1 maintains its corporate headquarters at 44 Wall Street in lower Manhattan.
What are your hours of operation?
Monday through Friday, 8am - 4pm Eastern Standard Time.
Who is Pershing LLC and what is your relationship to them?
Pershing LLC is a subsidiary of The Bank of New York Mellon, which specializes in providing
investment services to the financial sector. They currently have offices in
34 countries and employ 42,900 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 custodial bank, where all of our clients' funds are held.
Which Securities Regulatory Bodies are responsible for providing oversight?
E1 Asset Management is a member of the Financial Industry Regulatory Authority (FINRA).
FINRA is not a government organization, it is a Self Regulatory
Organization.
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.
The United States Securities and Exchange Commission (SEC) also governs
broker/dealer activities. They are an extension of the Department
of Justice, part of the United States Federal Government. You can
learn more about their role at their website ( www.sec.gov)
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 (ADRs). 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 contact us here.
Do you offer online account access?
E1 uses the NetExchange Client for secure online accounts, and the service is free with all new account packages. This dedicated portal allows clients to easily view their account information from the
convenience of their own computers.
The NetExchange also allows you to view account balances and track the asset allocation of your portfolio. It features comprehensive market data, charts and analysis. You may view account activities, save statements and download to Quicken or MS Money. Plus it allows you to pay bills online with a Pershing BillSuite.
Because E1's core services are based on intensive time sensitive trading, online trading is NOT available at this time.
If you need further assistance with account access, please see the NetExchange Setup instructions page or contact your E1 Asset Management financial advisor.
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;
our advisors have no hidden financial incentives to choose one investment over another. We go into the market for our clients and acquire those companies we feel will perform
to meet our client's objectives. We maintain no inventory and perform no market-making activities, thereby acting solely in your best interests.
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,
but 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.
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 in compliance with all
appropriate banking and regulatory bodies. 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
have far greater transparency for regulatory and law enforcement 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).
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.
What contingency or business continuity plans does E1 have in place?
As we all know in the post 9-11 and Hurricane Katrina, 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 a safe location. E1 maintains two undisclosed locations in the Tri-State, both outside the confines of New York City. Both facilities enjoy state of the art technology and can comfortably accommodate our leadership and supporting personnel.
Click here to learn more about our business continuity plan > >
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