Frequently Asked Questions
If your question is not addressed within one of the categories below or if you need further assistance, please contact us at firstname.lastname@example.org or give us a call at 855.558.4287.
Choosing a Portfolio
Funding My Account
Choosing a Portfolio
1. How do I know which portfolio best suits my situation?
The questions asked during the “Build a Portfolio” process are used to determine your risk score, which corresponds to a recommended portfolio that most closely matches your goals and objectives for your account.
2. Why is it important to answer the assessment questions prior to opening an account?
All investments involve some degree of risk. As such, different investors are comfortable with different degrees of risk. It is important to consider where you fall on the risk spectrum and recognize the variables that determine your willingness and ability to tolerate investment risk. This will help you understand your risk score and recommended portfolio. This knowledge may also help you maintain your investment strategy during times of financial market volatility.
3. What is a “taxable” account?
In a taxable account, investors pay taxes on their investment income in the year it was received. Taxable accounts include individual and joint investment accounts.
4. What is a “qualified” account?
A qualified account, such as an Individual Retirement Account (IRA), is designed to offer tax benefits as you save for retirement. Earned income can be added to these accounts within the stated annual federal contribution limits. In a traditional IRA, contributions are made with pretax dollars and you pay income tax when you withdraw money from the account during retirement. Conversely, a Roth IRA is funded with after-tax dollars and withdraw funds during retirement are tax free. Please consult with your tax or legal counsel regarding tax consequences for qualified accounts.
5. What is a joint account?
A joint account is a brokerage account shared between two or more individuals. Anyone named on the account has the ability to access funds within it.
Vicus Capital advisory fees and account minimums are subject to change. Vicus Capital will provide 30 days notice in the event of a change in advisory fee. Trading costs, brokerage charges and fund management fees/expenses are determined by third parties. Vicus Capital is not responsible for fluctuation of fees charged by third parties. However, if possible, Vicus Capital will provide updated fee information. Any modifications to account minimum requirements will be made at the discretion of Vicus Capital.