We currently support taxable investment accounts including individual, joint, trust, and corporate accounts. We also support Traditional IRAs, Roth IRAs and Simplified Employee Pension (SEP) IRAs, IRA transfers and 401(k) rollovers.

Any individual 18 or over, who is a legal U.S. resident or a U.S. citizen (with a permanent U.S. address) may open an account with BFG Wealth Management.

Yes. You are able to contribute to each of your accounts weekly, monthly, and yearly, as well as a one-time basis. The maximum amount that can be deposited to an account via EFT initiated with us is $5,000,000 per day. There are no maximum limits on deposits by check, wire, direct deposit, Bill Pay, or EFT initiated at your financial institution. Please note that IRS regulations restrict the annual contributions of Traditional IRAs, Roth IRAs, and SEP IRAs based on a number of factors, including but not limited to, age, income, other existing qualified plans, etc. Please consult a tax professional to determine the correct amount that you are able to contribute based on your own situation.

Your assets are held in a brokerage account in your name at Goldman Sachs Advisor Solutions, a brand of Folio Investments, Inc (Folio). Folio is a leading provider of trading, custody and brokerage services to Registered Investment Advisors with the proven leadership experience, capital position, and technology expertise necessary to serve our clients.

We don't have any minimum investment requirements. However, we recommend starting with at least $10,000. It's also important to ensure you have sufficient emergency cash reserves before investing.

Private Wealth Management $0 to $500,000 1.50% $500,000.01 to $1,000,000 1.25% $1,000,000.01 to $5,000,000 1.13% $5,000,000.01 to $10,000,000 1.00% $10,000,000.01 to $20,000,000 0.90% $20,000,000.01 and up 0.80% Institutions $0 to $500,000 1.50% $500,000.01 to $1,000,000 1.25% $1,000,000.01 to $5,000,000 0.80% $5,000,000.01 to $10,000,000 0.70% $10,000,000.01 to $20,000,000 0.60% $20,000,000.01 and up 0.50% Clients are responsible for the payment of all third-party fees (i.e. custodian fees, brokerage fees, mutual fund fees, transaction fees, etc.). Those fees are separate and distinct from the fees and expenses charged by BFGWM. For trades made outside of our BFG series investment strategies, Folio charges $3.95 per trade for market orders, limit, stop, or stop-limit orders. A client will be charged the Folio Brokerage Fee according to the following tired fee schedule, subject to a minimum fee of $100/year: Account Size Folio Brokerage Fee: $0-$500k is 0.20%; $500-$1,000k is 0.15%; $1,000k an up is 0.10%. If a client does not supply Folio with a valid email address, Folio is required to send the client paper statements, for which the client will be billed $150 per year ($12.50 monthly). Client will not be billed for paper statement if electronic statement delivery is chosen.

Yes. We understand that our clients in these categories are highly sophisticated and typically do not require the same level of support given to our traditional Investment Management clients. Fee discounts begin at investment account sizes of $1 million, please see below for our Institutional Fee Schedule: $0 to $500,000 1.50% $500,000.01 to $1,000,000 1.25% $1,000,000.01 to $5,000,000 0.80% $5,000,000.01 to $10,000,000 0.70% $10,000,000.01 to $20,000,000 0.60% $20,000,000.01 and up 0.50%

We currently require all BFG Wealth Management clients to have a U.S. social security number or tax ID number and a permanent U.S. mailing address due to financial regulations.

Long-term capital gains are taxed at a different (and lower!) rate. Here is Investopedia’s description of long-term capital gains tax rate -- we really like their definition as it’s straight-forward and relatively jargon-free. The IRS taxes long-term capital gains at a substantially reduced rate to encourage individuals and businesses to keep their investments. The difference between the long-term capital gains rate, generally referred to as simply the capital gains rate, and the ordinary income tax rate, which applies to short-term gains, can be almost as much as 20%.

“Cap” refers to market capitalization of a company. To calculate a company's market capitalization, multiply the total number of a company's outstanding shares by the current price to share. BFG Wealth Management defines "Small-cap" as approximately $500 million to $2 billion, "Mid-cap" as approximately $2 billion to $10 billion, and "Large-cap" as approximately $10 billion or more.

"S&P 500" is an abbreviation for the Standard & Poor's 500 Total Return Index, a market-value weighted index of 500 stocks chosen to reflect the risk/return characteristics of the large cap universe and one of the common benchmarks for the US stock market. Any comparison to the S&P 500, or to any other benchmark, is shown for illustrative purposes only.

A fractional share is a partial share of an equity security equal to or less than one full share. Trading on an exchange can only happen in whole shares, which is why many investment platforms only allow you to trade in whole shares. However, unlike many other investment services, we use fractional shares to make sure that all of the money that you’ve allocated for investment is actually invested. When you invest with us, you set the dollar amount that you wish to invest. Our platform then allocates the number of shares to you, even if they’re less than whole shares of stock. The full investment of every dollar according to your desired asset allocation means that your money is getting absolutely the most value possible out of investing. In addition, this means that our service is equal to all investors. An investor with a $4,000 account receives the same diversification benefit as one with a $4 million account.

Goldman Sachs Advisor Solutions is a brand of Folio Investments, Inc. (Folio) is a registered clearing broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). Folio, among other things, acts as the custodian, safeguarding the securities and cash.

To open an account, you must meet the following requirements: 18 years of age or older U.S. Citizen or Resident Alien (U.S. Permanent Resident) Valid Social Security Number or Individual Tax Identification Number Valid U.S. address

An IRA, or Individual Retirement Arrangement, is basically a savings account with big tax breaks, which makes it an ideal vehicle for saving toward your retirement. IRAs are not set up by employers like 401(k) plans are – instead they can be set up by an individual and allow the owner flexibility and control over the management of funds. There are many types of IRA accounts, all with different rules and eligibility requirements. You can find more information on the types of retirement accounts here.

The main differences between a Traditional IRA and Roth IRA are the eligibility requirements and the tax treatment. With a Traditional IRA, you can deposit pre-tax dollars and pay the tax upon withdrawal. With a Roth IRA, post-tax dollars are deposited into the account and the funds are not taxed during a withdrawal. Many younger individuals select to open a Roth IRA since contributions are taxed at a time when their tax bracket is often lower and the withdrawals for retirement can be made when they are likely to be in a higher tax bracket. Alternatively, if you’re already earning a substantial income, there may be benefits from getting a tax deduction now by using a Traditional IRA. Be sure to check with a tax advisor for your specific situation.

If you live in more than one state, you will need to determine which is your permanent residence. All states have different definitions of permanent residency. For tax purposes, these definitions often depend on: How many days of the year you spend in a particular state, Whether you keep a residence in a particular state, and Whether you are “domiciled” in a state, based on where they work, live, keep financial assets, vote, and register their car among other things. You may find more information on the state websites using the official state abbreviation in the URL to locate the website. For example, view www.state.ca.us to view California’s website. For New York, view www.state.ny.us. For Texas, view www.state.tx.us.

For federal tax purposes, you are considered a U.S. person if you are: An individual who is a U.S. citizen or U.S. resident alien, A partnership, corporation, company, or association created or organized in the United States or under the laws of the United States, An estate (other than a foreign estate), or A domestic trust (as defined in Regulations section 301.7701-7). (Source: 2011 IRS Form W9)

Resident Alien A person is considered a resident alien if they hold an immigrant visa, also known as a green card, or they meet the substantial presence test. To meet the substantial presence test, a person must have lived in the US for: 31 days during the current year, and 183 days during the current year and previous two years combined. Resident aliens may open an account with us. Non-Resident Alien A person is considered a non-resident alien if they are not a U.S. citizen and do not meet the resident alien guidelines above. Non-resident aliens cannot open accounts even if they have a current U.S. residence. If a non-resident alien opens an account with our custodian, Folio, then moves out of the U.S., their account will be restricted. They will be asked to liquidate their holdings or transfer them to another brokerage.

There is no account minimum for any account; however, a total of $500,000 investable account size is recommended. BFGWM management reserves the right to refuse service to new clients for any reason.

We currently require all BFG Wealth Management clients to have a U.S. social security number or tax ID number and a permanent U.S. mailing address due to financial regulations.

Most people are not subject to federal backup withholding. The IRS notifies taxpayers if they are subject to backup withholding. Any of the following reasons may cause your account to be subject to backup withholding: You received specific notification from the IRS stating that you are subject to backup withholding You fail to furnish your taxpayer identification number on Form W9 You provide the wrong taxpayer identification number You ignore notices from the IRS claiming that you have under reported interest or dividend income on your tax return Important: If you have been notified by the IRS concerning your backup withholding status, you must state so when opening an account with us. If you are unsure of your backup withholding status, all questions should be directed to a tax advisor or the IRS.

Bank account verification via micro-deposits: In order to link your bank account to your account through micro-deposits, Folio must verify that you are linking the correct account. After entering your routing and account numbers, you should receive two deliberately random micro-deposits (between $0.01 and $0.50) from our clearing firm, Folio Investments into your bank account. This usually takes up to three days. Once these micro-deposits have arrived in your bank account, please log in to your account to confirm the values of the random deposits. You will then be able to complete your initial deposit into your account. Please note that any small deposits sent to your bank account for verification purposes will be withdrawn from that bank account within 10 business days.

Your cash can be invested as soon as it arrives into your account. If the funds arrive after the market is closed for the day, it can be invested the following business day.

We currently accept bank transfers from US-based financial institutions only at this time. Deposits originating from foreign banks or brokerage firms will be automatically returned by our custodian, Folio.

You can fund your account by: Electronic funds transfer (EFT) Check deposit Wire transfer Direct deposit/payroll deduction Bill Pay from your bank

We accept the following types of securities: U.S. exchange listed stocks Exchange-traded funds (ETFs) Most mutual funds We also accept cash when received as part of an account transfer. To transfer other types of securities (e.g., bonds or options) you will need to sell those securities and transfer the cash. This may have tax implications so we recommend that you consult with your investment advisor or a tax professional.

First, decide whether to roll your qualified retirement plan into an IRA rollover or Roth IRA account. Once you’ve opened the appropriate account type, initiate the transfer process by opening your Accounts page, selecting Transfer Securities from the dropdown menu, and following the detailed instructions given. Qualified plans include: 401(k) 403(b) Defined benefit Employee stock ownership (ESOP) Keogh Stock bonus Thrift or savings plans You”ll need to confirm that your retirement account is a qualified plan and that all your assets can be transferred into an IRA rollover or Roth IRA account. Also be aware that if your rollover assets from a qualified plan are co-mingled with your regular IRA contributions this may disqualify the plan assets from being rolled back into a qualified plan at a later date. Contact your plan administrator for further information.

Yes. While you're setting up your account, you will be asked to create your own portfolio "mix" , during which you choose how you want your money distributed via percentage. Later, you can edit your mix and change your allocations. On a one-time basis, you can either invest according to your pre-set mix, or edit the percentages to reflect your revised allocations for this investment.

The maximum amount that can be deposited to an account via EFT initiated with us is $100,000 over a 30 calendar-day period. There are no maximum limits on deposits by check, wire, direct deposit, Bill Pay, or EFT initiated at your financial institution. Please note that IRS regulations restrict the annual contributions of Traditional IRAs, Roth IRAs, and SEP IRAs based on a number of factors, including but not limited to, age, income, other existing qualified plans, etc. Please consult a tax professional to determine the correct amount that you are able to contribute based on your own situation.

Open your Accounts page. Select Transfer Money from the dropdown menu next to the account. Under Add Money to this Account, select Transfer an Account. Review the Transfer an Account Introduction, then select Continue. Choose the account type you are transferring assets from, then select Continue. Designate which account will receive the transfer (a transfer must occur between the same account types, e.g., Roth IRA to Roth IRA), then select Continue. Follow the detailed instructions given.

Cost basis is the original price you paid for a security, including commissions and any other fees. Cost basis information will be included on your Form 1099-B, Form 8949, and the ‘realized gain/loss’ report which will be in your Tax Center, when available.

All tax forms can be found in your Tax Center Go to your Statements & Tax Records page Select the Tax Center Tab Tax documents are organized by calendar year. You can view other years by selecting the desired year from the View Reports from menu.

A consolidated Form 1099 is produced for taxable accounts and details the income associated with that account for a particular year. Folio's consolidated 1099 Form is a single document with sections for the IRS Forms 1099-DIV, 1099-INT, 1099-MISC, 1099-OID and 1099-B. The first four 1099 documents are found on page one of the consolidated Form 1099. These, along with the 1099-B pages which list security sales and other proceeds, contain account data that is furnished to the IRS and must be included in your tax return.

The following accounts will not receive a Consolidated Form 1099: Accounts with no security sales and less than $10 in dividend and interest income Non-taxable accounts (including IRA accounts which receive Form 1099-Rs, if applicable) Subchapter-S corporate accounts which will receive a Form 1099 that only contains 1099-B information detailing the proceeds for covered securities that were sold during the year Subchapter-C corporate accounts which will receive an informational summary document that looks very similar to a 1099, but does not contain information that is reported to the IRS.

Form 8949 is a listing of your long and short term, reportable and non-reportable capital gains. Folio may generate 4 versions of IRS Form 8949, reporting sales of securities with short and long-term capital gains, further sub-divided into sales with cost basis reported to the IRS, and sales without cost basis or sales where cost basis is not reported to the IRS. Each of the 4 versions of this Form is necessary to complete Schedule D of your tax return. Please refer to IRS Instructions for additional details.

Depending on the country of origin, many foreign securities held as American Depository Receipts (ADRs) have foreign taxes withheld at the source. We receive the net dividend and pay it to customer accounts. Account holders can receive a credit for the foreign taxes that were withheld. To facilitate this, foreign dividend payments are shown on the Form 1099 with a breakout of any associated foreign tax that was withheld from the payment. The total foreign tax paid is listed on Page 1 of Form 1099, to be included on your tax filing.

A Schedule K-1 is a federal tax document used to report the income, losses, and dividends for a business' or financial entity's partners or shareholders. Some of our strategies hold publicly traded partnerships within the portfolio. Depending on which of our strategies you are invested in, you will receive a separate Schedule K-1 for each of the publicly traded partnerships that exist in the portfolio. These are important documents and are required by the IRS to be included in the calculations in your own personal and/or entity tax returns each year. Schedule K-1s are mailed out to the investor directly and are generally sent out beginning February throughout April.

Once you are logged into your Financial Planning Login Here STEP 1: Click "Vault" on the menue bar. STEP2: Click on the "Shared Documents" folder STEP 3: Click on the "Upload Files" tab on the top right corner and upload your documents.

Advice Pay is a third party payment processing vendor used for the Financial Planning service through BFG Wealth Management. Once engaged in our Financial Planning service, you will be given a link to your provided e-mail to log in view the invoice and enter your payment method of credit card or bank draft.