Custodio Asset Management info@camtading.com 410-988-2511
8 Steps to Open Your CAM Account
Opening you new CAM account at Rydex is easy and assures account holders of secure, 24/7 total access.
Custodio Asset Management offers three types of accounts
1. A cash investment account
2. Tax deferred accounts like IRA’s, 401(k) rollovers, or other qualified plans.
3. Uniform Gift to Minors Accounts (UGMA).
Step 1 – Account holders and investors must first determine the type account they will open.
Step 2 - Read the Custodio Asset Management Investment Advisory Contract, which is the agreement that describes CAM’s legal responsibilities to each investor.
Step 3 - Upon reading and accepting the terms of the Custodio Asset Management Investment Advisory, please sign and date page 3.
Step 4 - Read the Appointment of Financial Professional limited power of attorney form that allows CAM to manage your account on your behalf. Upon execution of this document, each investor permits CAM to apply their proprietary investment strategy to individual investor accounts. As a limited power of attorney agreement, CAM is not allowed to withdraw funds from your account or change any beneficiary information or personal information without your written consent.
The Appointment of Financial Professional limited power of attorney form is a two-page form that requires the investor’s signature, printed name and date of acceptance.
Step 5 - Review the Rydex Funds IRA Application (pages 3-6 of Retirement Kit). This is the application for a new IRA account through Rydex Investments. This form is required for investors who are rolling over from a previous custodian.
Instructions for completing this form are as follows:
- IRA Account Registration: Check the box that says: Rollover IRA then complete the personal information including social security number, date of birth, and contact information.
- IRA Investment Method: Check the box that says: Transfer then fill out the estimated transfer amount $ with what you believe to be the balance of your investments (approximate numbers are acceptable).
- Investment Selection: Skip this section.
- Beneficiary Information: Designate your beneficiaries and determine the % of allocation to each. Please remember to include the social security number for each beneficiary.
- Account Options and Services (Optional). You may skip this step.
- Signature Section: Upon reading and agreeing to the account application’s terms, please sign and date.
Step 6 – Read the Rydex Funds Retirement Account Transfer/Direct Rollover Request (pages 9-10 of Retirement Kit)
1. IRA Owner Information: Complete information requests including, SSN, DOB, and Contact Info. Check the box: “This is a new Rydex IRA. I have completed and enclosed an IRA Application with this transfer form.”
2. Current IRA Custodian/Trustee Information: Complete this form to the best of your knowledge.
3. Transfer Information: On the “This transfer is a: (please check one)” check the: “Complete Transfer” box. Then on the “This transfer should be made: (please check one) check the: “Immediately” box. On the right side of the same section, choose the one that applies. In your case it will be from: “Traditional IRA” and to: “Rollover IRA.”
4. Signature and Acceptance: Upon reading and agreeing to the account application terms, please sign and date. On the right side, there is a “Medallion Signature Guarantee.” This is required if you are transferring more than $25,000 in assets to Rydex. After completing the form, you should visit your local bank and have them notarize these documents. This step provides an added layer of security in case of fraud against your accounts.
5. Transfer Instructions: Check the: “By Check” box. Then on the FBO (For Benefit Of) you would put your name. Leave the account number blank as you have not received your new Rydex account number.
Step 7 - Upon completing all forms, please send to:
Custodio Asset Management
9510 Rommel Drive
Columbia, MD 21046
If you are sending a check, the check should be made payable to Rydex Investments. We recommend that you send the completed forms with a confirmation receipt or other tracking methods.
Step 8 – Perform the following Spot Checks:
1. Did you sign and date all necessary forms?
2. If you are rolling over an IRA from a previous custodian, did you include a copy of the statement in the package to mail to us?
3. If you have beneficiaries, did you include all social security numbers?
4. If you are writing a check to fund your investment account, did you make the check payable to “Rydex Investments”?
5. If you are transferring more than $25,000 did you arrange a signature guarantee?
