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{"id":15912,"date":"2017-10-09T17:55:49","date_gmt":"2017-10-09T17:55:49","guid":{"rendered":"http:\/\/imausa.com\/?page_id=15912"},"modified":"2021-10-21T12:50:10","modified_gmt":"2021-10-21T12:50:10","slug":"conflicts-of-interest","status":"publish","type":"page","link":"https:\/\/staging.imausa.com\/conflicts-of-interest\/","title":{"rendered":"Our Conflicts of Interest"},"content":{"rendered":"

[vc_row row_type=”row” type=”full_width” text_align=”center” css_animation=”” css=”.vc_custom_1504965825559{margin-top: 0px !important;}”][vc_column][vc_custom_heading text=”Our Conflicts of Interest: We haven\u2019t found any yet” font_container=”tag:h3|font_size:46|text_align:center|color:%23ffffff” use_theme_fonts=”yes” el_class=”antonio heading” css=”.vc_custom_1508446940984{padding-top: 20px !important;}”][vc_column_text el_id=”subtitle” el_class=”page-subtitle white” css=”.vc_custom_1507571788435{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}”](but if we discover one, we\u2019ll let you know)[\/vc_column_text][vc_empty_space height=”50px”][\/vc_column][\/vc_row][vc_row row_type=”row” type=”full_width” text_align=”left” background_image=”15931″ css_animation=”” css=”.vc_custom_1566409526796{margin-top: 0px !important;margin-bottom: 40px !important;padding-bottom: 100px !important;background: #f5f5f5 url(http:\/\/imausa.com\/wp-content\/uploads\/2017\/10\/conflict-bg-full.png?id=16071) !important;background-position: 0 0 !important;background-repeat: repeat !important;}” el_class=”top-round bot-round form-row”][vc_column][vc_single_image image=”15918″ img_size=”full” qode_css_animation=””][vc_single_image image=”15920″ img_size=”full” alignment=”right” qode_css_animation=”” el_class=”from-to”][vc_single_image image=”16041″ img_size=”full” qode_css_animation=”” el_class=”reduce-width conflict-padd” css=”.vc_custom_1508240550856{margin-top: 50px !important;}”][vc_column_text el_class=”conflict-padd letter-text”]Full disclosure of our conflicts of interest: there are none<\/strong>.<\/p>\n

When we created IMA, we wanted it to be a firm that we ourselves would be happy to be clients of. So while we have a monetary interest like any other for-profit business on this planet, we aligned these interests with yours.<\/p>\n

The monetary value of our fee goes up and down with your portfolio<\/strong>; thus our incentive is to grow your portfolio. If clients are not happy with IMA they can leave any time and thus stop paying us. Our incentive is to do the best job possible to grow our clients\u2019 accounts and provide incredible service to retain them.<\/p>\n

The only<\/em> fee you will pay to IMA is the management fee<\/strong> that we agreed upon when you became a client (found in your management agreement and each quarterly statement). Our fees are billed quarterly based on your account value on the last day of the quarter. There are no fees to open or close an account<\/strong>.<\/p>\n

Brokerage firms don\u2019t pay us any kickbacks<\/strong>. We don\u2019t buy mutual funds for clients; but even if we did, they still wouldn\u2019t pay us anything to invest in them.<\/p>\n

Wall Street is famous for manufacturing products they\u2019d like you to buy but that they wouldn\u2019t consume themselves. We don\u2019t do that. We strongly believe in what we do and follow this philosophy: If a particular stock is good for our clients, it should be good for us.<\/p>\n

So we eat our own cooking<\/strong>. Vitaliy\u2019s personal and family accounts (wife and three kids) are managed by IMA. Stocks that are bought or sold in your accounts are automatically bought or sold for Vitaliy\u2019s son, Jonah, his daughters, Hannah and Mia Sarah, his wife, Rachel, and Vitaliy himself. Mike Conn and his family mostly own the same stocks as his clients.<\/p>\n

We never buy or sell stocks in our personal accounts ahead of our clients<\/strong> \u2013 that would be illegal and simply unethical and wrong.<\/p>\n

We also have the incentive to grow IMA by gaining new clients. However, it is much easier to grow the firm when you retain existing clients, so that\u2019s our greatest incentive. As of October 2021 we manage $300 million. Paradoxical as it may sound, we don\u2019t have ambitions to manage billions (Vitaliy wrote about that here<\/a>). At some point we will put the brakes on our growth by limiting the number of accounts we accept each quarter and\/or by raising the minimum account size.<\/p>\n

We\u2019ll strive hard to grow your wealth by following the investment process that we have developed and improved over decades. Just like any investment firm, we cannot guarantee future success. Here is what we can guarantee: if we make mistakes they won\u2019t happen because of indifference or misaligned incentives<\/strong>. We are in the same boat with you<\/strong> and are sailing to the same destination.[\/vc_column_text][vc_single_image image=”16044″ img_size=”full” qode_css_animation=”” el_class=”reduce-width conflict-padd” css=”.vc_custom_1508240484973{margin-top: 40px !important;margin-bottom: 40px !important;}”][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=”” el_class=”conflict-padd”][vc_column_inner width=”1\/3″][vc_single_image image=”15926″ img_size=”full” add_caption=”yes” qode_css_animation=””][\/vc_column_inner][vc_column_inner width=”1\/3″][vc_single_image image=”15924″ img_size=”full” add_caption=”yes” qode_css_animation=””][\/vc_column_inner][vc_column_inner width=”1\/3″][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

[vc_row row_type=”row” type=”full_width” text_align=”center” css_animation=”” css=”.vc_custom_1504965825559{margin-top: 0px !important;}”][vc_column][vc_custom_heading text=”Our Conflicts of Interest: We haven\u2019t found any yet” font_container=”tag:h3|font_size:46|text_align:center|color:%23ffffff” use_theme_fonts=”yes” el_class=”antonio heading” css=”.vc_custom_1508446940984{padding-top: 20px !important;}”][vc_column_text el_id=”subtitle” el_class=”page-subtitle white” css=”.vc_custom_1507571788435{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}”](but if we discover one, we\u2019ll let you know)[\/vc_column_text][vc_empty_space height=”50px”][\/vc_column][\/vc_row][vc_row row_type=”row” type=”full_width” text_align=”left” background_image=”15931″ css_animation=”” css=”.vc_custom_1566409526796{margin-top: 0px !important;margin-bottom: 40px !important;padding-bottom: 100px !important;background: #f5f5f5 url(http:\/\/imausa.com\/wp-content\/uploads\/2017\/10\/conflict-bg-full.png?id=16071) !important;background-position: 0 0 !important;background-repeat: repeat !important;}” el_class=”top-round bot-round form-row”][vc_column][vc_single_image image=”15918″ img_size=”full” qode_css_animation=””][vc_single_image image=”15920″ img_size=”full” alignment=”right” qode_css_animation=”” el_class=”from-to”][vc_single_image image=”16041″ img_size=”full” qode_css_animation=”” el_class=”reduce-width conflict-padd” css=”.vc_custom_1508240550856{margin-top: 50px !important;}”][vc_column_text el_class=”conflict-padd letter-text”]Full disclosure of our conflicts of interest: there are none. When we created IMA, we wanted it to be a firm that we ourselves would be happy to be clients of. So while we have a monetary interest like any other for-profit business on this planet, we aligned these interests with yours. The monetary value of our fee goes up and down with your portfolio; thus our incentive is to grow your portfolio. If clients are not happy with IMA they can leave any time and thus stop paying us. Our incentive is to do the best job possible to grow our clients\u2019 accounts and provide incredible service to retain them. The only fee you…<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/staging.imausa.com\/wp-json\/wp\/v2\/pages\/15912"}],"collection":[{"href":"https:\/\/staging.imausa.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/staging.imausa.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/staging.imausa.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.imausa.com\/wp-json\/wp\/v2\/comments?post=15912"}],"version-history":[{"count":0,"href":"https:\/\/staging.imausa.com\/wp-json\/wp\/v2\/pages\/15912\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.imausa.com\/wp-json\/wp\/v2\/media?parent=15912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}