The Dispatch

Making it Easier to Do Business

No More Automatic Dividend Reinvestment

Automatically reinvesting dividends in our highly diversified, small position fractional share portfolios results in an excessive number of tiny transactions, and without dividends replenishing account cash even more transactions are generated to free up cash to pay monthly fees. Through the advanced technology of our new Freedom Advisors platform, most of these transactions will be eliminated.

In advance of the transition to Freedom Advisors in the weeks ahead, we have turned off dividend reinvestment. We will seek to maintain sufficient cash to pay ongoing fees without sell transactions, in part through the regular inflow of dividends. Beyond this cash reserved for fees, on the new platform you can specify a cash threshold level to trigger automatic investments for as little as $50. Cash will accumulate until it reaches whatever threshold you set and then automatically invest in the model without requiring any further action on your part.

This change will result in significantly shorter client statements and tax forms, while still providing automated reinvesting of dividends and other cash inflows.

If you have questions about this enhancement, please contact Advisor Services at support@EQIS.com or 800-949-9936 and then press 2.

In This Issue:

• State of the Markets   |   Stocks Fall in Volatile Week
• Making it Easier to do Business   |   No More Automatic Dividend Reinvestment
• Manager Spotlight   |   Investing With Focus
• Your EQIS Team   |   Meet Pamela Nevil
• Best Practices   |   Building Long-Term Equity in Your Practice

See The Dispatch Archive

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