|BullandBearWise Management ("BBWM") provides investment
advisory services to both retail clients (in general, smaller accounts of
individuals, IRA's, trusts and employee benefit plans) and institutional
clients (in general, larger accounts of corporate pension plans, public
funds, foundations and other tax-exempt entities, and registered
BBWM manages clients' accounts as specific portfolio allocations or through individualized portfolios. The specific portfolio allocations are listed below. Clients selecting one of the three portfolios will essentially contain the same classes of investments, although there may be slight differences from time to time due to clients contributing or withdrawing investment funds and other business practice considerations such as maintaining round lot positions.
For individualized portfolios, BBWM exercises complete investment discretion for each account and so individual portfolios within similar investment objectives will, at any given time, differ as to stocks, industries, and cash levels. Further, restrictions and guidelines imposed by clients affect the composition and performance of portfolios. For these reasons, performance of portfolios within the same investment objective will differ, and clients should not expect that the performance of their portfolios would be identical with the BBWM average for that objective. In addition, average performance of institutional accounts in a particular objective may vary from the average performance of retail accounts with the same objective. Clients should also be aware that the frequency of trading generally is higher for larger accounts, typically institutional accounts, and for accounts with a significant number of contributions and/or withdrawals. The increased frequency of trading may affect the performance of an account, either positively or negatively.
BBWM has the authority to inquire in, trade, buy, sell, exchange, convert, tender, trade, or otherwise acquire or dispose of stocks, bonds, securities, and other investments in client accounts. BBWM cannot transfer, withdraw, or disburse money or assets from your account (including the delivery of securities from the account), except as may be permitted pursuant to a separately executed authorization to deduct advisory or management fees.
BBWM offers three primary portfolio asset allocation models. They are as follows:
ASSET ALLOCATION PORTFOLIOS
5000 Aspen Drive
Littleton, Colorado 80123