information for opening an account 
for my managed mutual fund program. 


Email   george@georgeslezak.com  phone 888-311-3400                                  

George J. Slezak, Registered Investment Advisor  
Click here to see George Slezak's background

Speculative Investment Management

Dear Investor:

Thank you for considering my managed account plan. Following is my current table of managed account results:

Managed Money Report as of 3/31/2008 

Beginning August 1, 2005, I am a Registered Investment Advisor managing client speculative funds using Stock Index Mutual Funds. Client accounts are held at the Mutual Fund Company  (ie directly at Rydex) that allows mutual fund switching (market timing) on selected funds at both a 10:30 am fund exchange closing and an end of day closing. (Currently, I only know of Rydex Funds allowing two trade times per day, so I encourage accounts at Rdex.) The account is "your" individual account or "your" IRA. I take a "trading power" over the account that limits me to only placing orders on the account for trades between funds in the fund family and to submit my quarterly management fee bill. The market timing trading strategy followed in the accounts includes using long or short fund positions, but does not necessarily match the recommendations in the weekly Stock Index Timing .com newsletter. 

When you set up an account at Rydex and give me trading power of attorney, the account gets set up in my managed "group" at Rydex and I am able to move between long or short funds and money market at Rydex with just a few keystrokes online. I send them one bill each quarter for my management fee of .5% of account balances at the end of the quarter (2% annual rate) and they just charge the account and send me a check. It really works easy.

Also, Rydex does not charge any commissions for switching around within their funds. That way, I can go back and forth without hesitating about transaction costs being too high for small accounts. Sometimes, as the financial representative on the account, the funds that I use at Rydex (the double short and the double long funds) pay me an annualized one quarter of one percent trailing fee for using such fund. Whenever I receive  such fees I reduce my quarterly billing by an equal amount.

You can see that my returns are very speculative. I suggest you only let me manage funds like they were just one speculative investment in one stock. If you have a million dollars in stock market investments, maybe you would put $50,000 to $100,000 in an account at Rydex for me to manage. Just a portion of your speculative funds.

Thanks for considering my managed account program.

Following are my managed account actual results:

Managed account results Annual
Total Return
 
    Jan-Mar Apr-Jun Jul-Sep Sep-Dec YTD  
2008 Managed
Account
-6.4%       -6.4%  
2008 S&P TR -9.9%       -9.9%  
    Jan-Mar Apr-Jun Jul-Sep Sep-Dec YTD  
2007 Managed
Account
+8.0%  +5.3%  +4.6%  +2.7% +23.00%  
2007 S&P TR +0.64%  +6.3%  +2.0%  -3.3% +5.5%  
    Jan-Mar Apr-Jun Jul-Sep Sep-Dec YTD  
2006 Managed
Account
-6.2% +5.1% -1.1% -9.1% -9.7%  
2006 S&P TR +4.2% -1.4% +5.7% +6.7% +15.8%  
        Jul-Sep Sep-Dec Jul 1
to Dec 31, 2005
 
2005 Managed
Account
    +2.9% +3.3% +5.9%  
2005 S&P TR     +3.6% +2.1% +5.8%  

The Managed Account Returns, in the above table, are based on actual accounts held in US Dollars and reflect a quarterly managed fee of .5% (1/4th of 2%) times the end of quarter balance. The managed account returns include dividends and interest earned on accounts and are compared to the total returns of the S&P index (includes dividends) from published data. Past performance is not necessarily indicative of futures results.

I accept only "speculative funds" (in either a regular account or IRA) for management and charge an annual fee of 2% of the account value. For more information on a speculative managed account using Stock Index and Commodity Index Mutual Funds or Exchange Traded Funds, email george@georgeslezak.com 

Click here for information on opening an account including to review the Investment Advisor Disclosure Form ADV Part II, and a copy the Investment Advisor Agreement.   http://www.georgeslezak.com/managed/managed.htm 

 

Following is information for opening an account for my managed mutual fund program. 

1. Review the Investment Advisor Form ADV Part II Disclosure. Before opening an account, please click here to review the Investment Advisor Form ADV Part II Disclosure (3 meg file).

2. Sign and mail my Investment Advisor Agreement. Please review the following linked copy of my (2 pages) Investment Advisor Agreement. This is the agreement between you and I for my managing the investments in your account. Please print out the agreement, sign it and mail it to my address on the form.

3. Open an account at Rydex Funds. Currently, my investment plan includes moving between fund accounts either in the morning or at the close of the day. I only know of the Rydex Mutual Fund Group offering the ability to trade mutual funds at both a morning close, at 10:30 am Eastern, and at the daily close. Accordingly, I currently suggest clients open accounts at Rydex Funds to participate in my managed program.

Please go to the following web site for opening an account at Rydex Funds: http://www.rydexfunds.com/service/open_newaccount.shtml 

If you are opening an individual account you can complete the account forms on line, or down load the account forms and mail them to Rydex.

Here are some comments to help you complete the account forms:

Section 1: Complete "individual" name and address information. UGMA, Trust or Corporate only if necessary.

Section 2: Complete mailing and contact information.

Section 3: NOT NECESSARY. ( The $25,000 minimum will not apply on the account because it will be in my managed account group.)

Section 4: NOT NECESSARY.

Section 5:

-----Dividends and Capital gains: NOT NECESSARY TO COMPLETE.

-----Electronic investing: NOT NECESSARY TO COMPLETE.

-----Shareholder Account Information Delivery: NOT NECESSARY TO COMPLETE.

-----Trading Privileges: NOT NECESSARY TO COMPLETE.

-----Authorized Traders: DO NOT COMPLETE. There is a separate form for establishing my trading power of attorney.

-----Signature: Review and sign.

 

If you choose to define a portion of you speculative funds to be in an IRA account you can use an IRA account for the managed program. If you open an IRA account for an IRA transfer, you need to download the IRA account forms and complete a transfer form. Partial account transfers can be made to fund the account.

4. Complete the Rydex Appointment of Financial Professional form. Print out the following linked form (2 pages) Appointment of Financial Professional. This form appoints me as your agent for purposes of giving Rydex instructions for transactions in your account. It also allows the payment of my 2% per year management fee which is charged as .5% of the calendar quarter end balance just after the end of each calendar quarter.

Sign page one and send both pages to Rydex.

 

Please call if you need information on any of the above.

Thanks,

 

George

 

 

There is a risk of loss in futures trading. Past performance is not indicative of future results.

PRIVACY POLICIES

Your privacy is important to us. To better protect your privacy we provide this notice explaining our online information practices and the choices you can make about the way your information is collected and used. To make this notice easy to find, we make it available on our homepage and at every point where personally identifiable information may be requested.

  Privacy Policy concerning collected information.

Click here to view the Registered Investment Advisor Privacy Policy.