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Chase credit card servicesMEMBERS Trust specializes in the development of wealth management, wealth preservation, and wealth transfer strategies for credit union members and their families. At MEMBERS Trust, we integrate modern portfolio theory with advanced planning techniques to develop comprehensive wealth management solutions for our members.
MEMBERS Trust will work with you to help develop an asset allocation for your investments, individually tailored to your personal goals and risk tolerance.
Asset Allocation is a rational strategy for investment selection. Simply put, it is the process of diversifying your investment dollars across different asset classes. It enables you to maximize your return potential while reducing your risk. And industry research has shown that more than 90% of the variation in portfolio return is determined by asset allocation.
How your investments are diversified depends on your willingness to tolerate risk. In general, the greater the risk, the greater your potential return. By diversifying a portfolio, you can pursue attractive performance potential while simultaneously spreading out your investment risk.
Portfolios for member accounts are structured utilizing low-cost, institutional class mutual funds, and each portfolio is diversified across a broad range of asset classes and investment styles to enhance your returns and manage your exposure to risk.
MEMBERS Trust selects funds for inclusion in your portfolio based on our evaluation of each individual fund's performance history, investment style, risk profile, management personnel, cost structure, research capability, investment philosophy and process.
Fund managers are subject to a rigorous ongoing monitoring and oversight process to ensure that their investment style and performance remain consistent with program expectations, objectives, and guidelines.
For over fifteen years, MEMBERS Trust has been helping credit union members build, manage, and preserve their wealth. We look forward to working with you to meet all of your wealth management objectives.
Investment Policy Statement
Purpose
This investment policy statement ("IPS") is presented to provide and clearly document the policies, guidelines and objectives for the management of the personal investment account established by {name}. The IPS is intended to assist the account owners in effectively supervising, monitoring and evaluating the management of their assets by the investment fiduciary, and to facilitate communication between and among the interested parties.
Background
The investable amount covered by this IPS consists of $
Investment Profile
Time Horizon
The investment policy for {name} investment portfolio is based upon an initial investment horizon of years.
Risk Tolerance
{name} recognizes and acknowledges that some risk must be assumed in order to achieve the investment objectives of their portfolio, and that there are uncertainties and complexities associated with contemporary investment markets. Therefore every effort will be made to reduce the variability within the portfolio while maximizing income and growth. Based on investor profile and ???, an average risk tolerance is deemed applicable for this account.
Objective
Based on the factors described above, MEMBERS Trust Company, as investment fiduciary, recommends that {name} select a Conservative return objective. Primary objective is to reduce variability of principal with limited participation in the equities markets. Selection of this objective implies an emphasis on current income with very modest long-term growth as a secondary consideration at a level of risk less than that which is generally associated with common stocks. Fixed income securities will comprise the most significant proportion of portfolio assets, while equity allocations will constitute less than half of the assets. It is expected that interest income will be a significant portion of the total return earned by the portfolio. Acceptable equity allocations will be from 25% to 50%, with a target allocation of 38%.
Target Asset Allocation
LowerTargetUpper
LimitAllocationLimit
Equities28%38%48%
Bonds47%57%67%
Cash Equivalents2%5%20%
Constraints
No unique constraints. Additional constraints may be discovered as we further review the financial needs of {name}.
Rebalancing and Monitoring
The portfolio should be rebalanced annually or whenever an asset class exceeds the upper or lower limits of the target asset allocation. Also the Portfolio should be modified, within the above percentage ranges, if deemed necessary by market conditions.
Investment Fiduciary's Duties and Responsibilities
The primary responsibilities of the Investment Fiduciary are to:
1. Prepare and maintain the investment policy statement.
2. Prudently diversify the accounts assets to meet an agreed upon risk/return profile, subject to the constraints on realization of capital gains.
3. Prudently select investment options.
4. Control and account for all investment, record keeping and administrative expenses associated with the accounts.
5. To vote promptly all proxies and related actions in a manner consistent with the long-term interest and objectives of the Accounts as described in this IPS. Each investment manager shall keep detailed records of the voting of proxies and related actions and will comply with all applicable regulatory obligations.
6. To communicate with applicable person all significant changes pertaining to the firm. Changes in ownership, organizational structure, financial condition, and professional staff are examples of changes to the firm that will be reported.
7. To effect all transactions for the Portfolio subject ???to best execution."
8. To use the same care, skill, prudence, and due diligence under the circumstances then prevailing that professional investment managers acting in a like capacity and fully familiar with such matters would use in like activities for like Portfolios with like aims in accordance and compliance with applicable laws, rules, and regulations.
9. To maintain separate accounts by legal registration.
10. To value the holdings.
11. To collect all income and dividends owed to the Portfolio.
12. To settle all transactions (buy-sell orders).
13. To provide at least quarterly reports that detail transactions, cash flows, securities held and their current value, and change in value of each security and the overall portfolio since the previous report.
14. MEMBERS Trust Company utilizes a dollar cost averaging (DCA) approach. Generally, monies deposited into the account are averaged-into the markets. Shortly after the initial deposit, approximately 50% of the monies will be used to purchase the above model with additional purchases over approximately the next 12 months.
How We Protect You
Chase is serious about doing its part to safeguard your personal information online. As a security measure, you may access your account information online from the Chase website only if you've enrolled on Chase Online by creating a User ID and Password that's known only to you.
Chase Online Banking uses Secure Socket Layer (SSL) technology to encrypt your personal information such as User IDs, passwords and account information over the Internet. Any information we provide you is encrypted by us for decoding by your browser. Register for Chase Online and learn more about Chase Online Banking Security. If you haven't enrolled and want to review your account information, please write to the address on your account statement, call 1-800-CHASE24 or visit one of our branches.
Identity Theft
Identity theft happens when a criminal obtains your personal information to steal money from your accounts, open new credit cards, apply for loans, rent apartments and commit other crimes ? all using your identity. These acts can damage your credit, leave you with unwanted bills and cause you countless hours and frustration to clear your good name.
Go to Reporting Fraud to learn more about identity theft and help stop it in its tracks.
If You're a Victim of Identity Theft or Account Fraud
If you're a victim of identity theft or account fraud, you should notify your bank(s) immediately. If your account(s) is with Chase you should call your Chase customer service representative immediately. Chase will work with you in an effort to make appropriate corrections of unauthorized transactions in your Chase accounts and to correct any incorrect reports submitted by Chase to credit bureaus, and will attempt to help protect you from any future identity theft or account fraud.
We also suggest that you immediately:
Call the fraud departments of all three credit bureaus. Ask them to put a "fraud alert" on your file. This tells creditors to call you before they open any more accounts in your name.
Equifax 1-800-525-6285
Experian 1-888-397-3742
TransUnion 1-800-680-7289
Contact your local police and ask to file a report. Even if the police can't catch the identity thief, having a police report can help you in clearing up your credit records later on.
File a complaint with the Federal Trade Commission (FTC). Call the FTC's identity theft hotline toll-free at 1 (877) IDTHEFT (438-4338). The hotline is staffed by counselors trained to help victims and take their complaints. Complete the identity theft affidavit, which will assist you in reporting to many companies that a new account has been open in your name.
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