BEC clients can expect the following feedback in relation to their accounts:
Client assets are held and safe-guarded with qualified custodians. We generally recommend that clients custody their assets with a low-cost provider, which helps to reduce the all-in investment cost to our clients. BEC is not affiliated with any custodian nor do we receive any compensation from them, hard or soft. One of the administrative benefits of our investment approach is the simplicity of tax reporting. Our clients receive a single Form 1099 towards the end of February, which greatly streamlines the portfolio accounting process compared to solutions that involve detailed partnership accounting.