ACCOUNT DETAILS

Although the Standard Brokerage Accounts and fee-based Premier Asset Management (PAM) Accounts offer different features and benefits, the following details apply to them both, unless otherwise specified.

INVESTMENT CLASSES

Broker/dealer Puplava Securities, Inc., member FINRA/SIPC primarily transacts business in stocks; bonds; cash instruments; exchange traded funds (ETFs); mutual funds; options; warrants; currencies; and gold, silver, platinum, and palladium bullion and coins, although other investment products may be considered to be appropriate investment vehicles under specific situations. Although portfolio holdings are generally long, occasional short index or ETF positions may be warranted by market conditions.

GLOBAL STOCK EXCHANGES & CURRENCIES

In non-retirement accounts, Puplava Securities, Inc. is able to carry foreign currencies and to transact business on many exchanges around the world. Please contact us for more detailed information.

PORTFOLIO HOLDINGS

Portfolio holdings vary according to investment objective and may include—but are not limited to—Precious Metals (including bullion or coins), Oil and Gas, Alternative Fuel, Food, Agriculture, Water, Utilities, Infrastructure, Consumer Staples, Technology, Medical, Health Care, and Pharmaceutical equities, among others; foreign currencies may also make up a portion of portfolio holdings. Allocations to sectors and sector selections are subject to change as we try to respond to current (or perceived future) market conditions.

Some portfolios may hold "penny stocks" (i.e. "low price securities"), which involve unique risks.

PORTFOLIO TURNOVER

Portfolio turnover is directly linked to market conditions. Difficult market conditions may result in a higher number of trades; smooth market conditions may result in fewer trades. Due to our investment philosophy, we typically tend to hold positions for the intermediate to long term, although there are short-term trades when warranted by market conditions. For accounts over which we have discretion, we reserve the right to pull out of the markets and hold a partial or full cash position, should we feel market conditions warrant such a move. Similarly, we may hold positions we consider to be "core positions" to the portfolio regardless of market conditions.

INVESTMENT TIME HORIZON

Because we adhere to value investing, we believe two years is an appropriate period of time to allow us to build the portfolio mix and produce investment returns.

Premier Asset Management (PAM) accounts terminated by the investor prior to a two-year minimum investment period will be subject to the penalty fee outlined in the management agreement governing the account; this early termination fee does not apply to Standard Brokerage accounts.

MAINTAINING INVESTMENT MINIMUMS

Investment minimums apply primarily to the level of assets required to open a new account. As assets in the account fluctuate in price, investors are not required to add funds to maintain the minimum.

However, should a withdrawal from a Premier Asset Management account take the account balance significantly below the minimum, we may request that the managed account be closed and its assets be moved to a commission-based Standard Brokerage account.

REPORTING & COMMUNICATION

We keep our transactions in your portfolio as transparent as possible. As a client, you will be kept up-to-date on your investments via:

Online access to your account holdings, monthly statements, trade confirmations, tax documentation, and select Fidelity research through our clearing firm’s (National Financial Services, LLC) client website, www.myStreetscape.com.
Monthly statements and confirmations of trades mailed to you by our clearing firm.
Our weekly client-only "In the Know" newsletter, available on the Client Site at www.puplava.com. (Clients with discretionary accounts not only receive information when a buy, sell, or wait is decided, but also an explanation of the why behind the trading decision as well. However, in specialty accounts, such as the Precious Metals Managed Account or the Energy Managed Account, trading coverage is limited. Trading coverage also is limited for non-discretionary accounts.)
Semi-annual performance updates (for fee-based PAM accounts only).
An annual client seminar (watch selections from the most recent seminar here).
Staff accessibility for questions about your investments.

OTHER FEES & COSTS

Our clearing firm, National Financial Services LLC, and its affiliates may charge annual fees or interest to act as custodian/trustee/provider of certain types of accounts, such as Keogh, IRA, margin, or check writing/credit card accounts; in some cases, account closure fees may apply.

Annual bullion/coin storage fees and storage fee minimums may apply; bullion/coin holdings may also be subject to "use tax."

Delivery of or changes to certain assets in the account (stock certificates, bullion/coins, or other assets) may involve additional delivery, processing, or shipping fees.

CLEARING SERVICES

Accounts are carried by National Financial Services LLC, Member NYSE/SIPC.

CONTACT US

If you are interested in opening an account, please complete our Invest with Us inquiry form or call us directly at (888) 486-3939 or (858) 487-3939.