Frequently Asked Questions
“How long have you been in business?”
The practice was founded over 50 years ago in Connecticut by John’s father, Lino A. Grillo. John took over the practice and moved it to Georgia in 1995 and incorporated under the name Grillo & Associates. Today, Grillo & Associates continues to serve clients in Connecticut and Georgia, as well as in many other states.
“What are your fees?”
Primarily we work with clients through a fee-based program. It is important that the compensation, fees, and charges are as transparent as possible to our clients. We use a tiered, fee-based asset management schedule in which we charge a periodic fee that is a percentage of the value of the account. Due to the tiered fee schedule, your overall fee percentage goes down as your assets grow.
“Can I view my accounts online?”
Yes, you may view your accounts by going to the Client Resources tab on our website.
“How do I get to your office?”
Click on Contact Us for a map and directions.
“What is the relationship between Grillo & Associates, Cambridge, and National Financial Services/SEI Private Trust/TD Ameritrade?”
Cambridge, an independent broker-dealer, allows us to offer non-proprietary products, such as mutual funds, stocks, and bonds, from a wide variety of companies. National Financial Services, SEI, and TD Ameritrade provide Grillo & Associates with trade execution, clearing, custody, and other related services for clients.
“What is FINRA?”
The Financial Industry Regulatory Authority, Inc. (FINRA) is the largest independent regulator of securities firms doing business with the public in the United States, overseeing about 4,275 brokerage firms, 162,395 branch offices, and approximately 630,650 brokers. FINRA is dedicated to investor protection and market integrity through effective and efficient regulations of the securities industry. FINRA plays a critical role in America’s financial system by enforcing high ethical standards, bringing the necessary resources and expertise to regulation and enhancing investor safeguards and market integrity, all at no cost to taxpayers. For more information, visit http://www.finra.org
“How are my accounts protected?”
The Securities Investment Protection Corporation (SIPC) is the first line of defense in the event that a brokerage firm fails. From its creation by Congress in 1970 through December 2012 SIPC advanced $2.3 billion in order to make possible the recovery of $120.7 billion in assets for an estimated 770,000 investors.
National Financial Services and TD Ameritrade are members of SIPC and accounts held there are protected up to $500,000. For more information, visit www.sipc.org.
In addition to SIPC, National Financial Services provides coverage in excess of SIPC limits through Lloyd’s of London. This excess account protection is the highest level of coverage available in the industry. The excess account protection for assets held in custody with National Financial Services accounts is:
- Aggregate loss limit of $1 billion for eligible securities – over all client accounts
- A per client loss limit of $1.9 million for cash awaiting reinvestment – with the aggregate loss limit of $1 billion
SEI Private Trust Company (SEI) is a federally chartered, limited purpose savings association that provides custodial and personal trust services. It adheres to extensive federally mandated controls, which are audited by independent and internal auditors and designed to prevent fraudulent activity. All client assets are held in an account under the client’s name, so trust-company creditors have no claim to your assets. SEI does not participate in margin lending. SEI cannot pledge, lend or margin client assets held in its custody. SEI third-party money managers are granted access to trade securities on their platform – SEI does not send client funds to these firms. Your assets are held in safekeeping as long as you remain with SEI.
For more information, visit: http://www.seic.com/enUS/advisors/464.htm
Registered Representative, Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Investment Advisor Representative, Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge and Grillo and Associates are not affiliated.
This communication is strictly intended for individuals residing in the states of AL, AZ, CA, CO, CT, FL, GA, IL, IN, MA, MD, ME, MI, MN, MS, NC, NY, OH, OR, PA, SC, TN, TX, VA, WV. No offers may be made or accepted from any resident outside the specific states referenced.
The information being provided is strictly as a courtesy. When you link to any of these websites provided herein, Grillo & Associates makes no representation as to the completeness or accuracy of information provided at these sites. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, sites, information and programs made available through this site.
205 Lee Street | Carrollton, Georgia 30117 | Phone: (770) 214-0714 | Toll-free: (888) 827-5024 | Fax: (770) 214-9933