frequently asked questions

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Q: How does Piedmont Capital do business?

 

A: Consistent with Virginia and SEC regulations, Piedmont Capital Asset Management LLC ("Piedmont Capital") has filed and obtained permission to conduct business as a Registered Investment Advisor (RIA) through the application of a comprehensive operations document, known as a Form ADV.  Part II of the firm's Form ADV is available to potential clients upon request.

 

Q: Where is the Client's money?

 

A: Trade-PMR, Inc. maintains an agreement with First Clearing, LLC ** to execute and clear securities transactions for all accounts. First Clearing will carry and maintain these accounts (as defined by SEC Securities Investors Protection Act) under the terms of the fully disclosed clearing agreement, except as may otherwise be provided in the included Client Account Agreement.

 

** First Clearing is a trade name used by Wells Fargo Clearing Services, LLC, Member SIPC, a registered broker-dealer and non-bank affiliate of Wells Fargo & Company.

 

Operating under the exception of SEC Rule 15c3-3(k)(2)(ii), TradePMR does not hold or take possession of client funds or securities. To comply with this provision, funding of all accounts and payment of transactions must be made payable to WELLS FARGO CLEARING SERVICES, LLC and mailed to PO BOX 358230, GAINESVILLE, FL 32635.

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Q: Who is Trade PMR?

 

A: TradePMR is a provider of Brokerage and Custody services to Independent Registered Investment Advisors (RIAs) and their clients, including Advisor Services, Trading, Cashiering, Accounts, Technology and Advisor Support.

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Q: Where are FORMS AND DOCUMENTS sent for Piedmont Capital?

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A: There are three addresses for Piedmont Capital Asset Management LLC administrative purposes, depending on the need, detailed as follows:

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