Account Administration

Trading
To attain the best execution for our clients, trades are placed with various broker/dealers. PacWest Financial Management Inc. is not a broker/dealer and does not earn commissions on trades placed on behalf of their clients.

The senior management at PacWest Financial Management Inc. will ensure services at an attractive price without sacrificing quality. These services include transaction costs (defined as execution costs and brokerage commissions), mutual fund fees and others.

Maintenance
PacWest Financial Management Inc. monitors all activities received electronically from our custodians on a daily basis.

• New accounts are reviewed to ensure the account is titled appropriately, assets are transferred properly, and cost basis and acquisition dates are entered if the client has provided us with this information.
• If a death occurs, PacWest Financial Management, Inc. obtains date-of-death values and updates the acquisition dates, cost basis and account registration.
• If a trust is splitting, we will work with the accountant to ensure the account is set up and assets are transferred properly.
• Trade confirmations are received electronically and reviewed for accuracy. Prices are updated, account transactions are reviewed and positions are reconciled daily.

Cash Flow
Accounts are monitored daily to prevent cash overdrafts. Recurring cash distributions may be processed by the custodian upon written direction via check, Automated Clearing House or Fed Wire. PacWest Financial Management, Inc. calculates income distributions, IRA distributions, and facilitates the distribution process.

Reporting
Clients receive a quarterly investment update from PacWest Financial Management Inc. Information on the report includes securities holdings, position size, cost basis, market value, and estimated annual income. A quarterly newsletter is also mailed to clients. For taxable accounts, a tax report is prepared in January/February that includes information on realized gains and losses as well as dividends and interest income for the previous tax year. The realized gains and losses information reflects the cost basis provided by the clients as well as the brokerage firms.

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