Opening an account with Damon Vickers and Company is a fairly smooth process. Whether it is your individual, joint, trust, partnership or your IRA or SEP, we can handle it and would be honored to do so. In addition, if you have just changed jobs, we handle 401(k) rollovers. Our team can handle all the paperwork and make getting on top of your retirement accounts as easy as possible. Call (800) 553-0553, ask for the New Accounts Department, and they’ll be glad to help you.
Frequently Asked Questions
If you have investable assets combined in excess of $500,000, we would love to talk with you. While we would love to be able to serve all investors, we feel that $500,000 is a good level that matches most of our customer’s cumulative portfolio levels.
At Damon Vickers and Company, our goal is to effect trades on behalf of our clients in an active manner as to seek to minimize losses and maximize gains. We are not passive. Passive asset managers fee your account and do little for it. Our goal is to actively position you long, i.e. owning the market in up-trends, and try to actively position your assets to benefit from downtrends. If we do something in your account, you will pay us. If we do not, you will not. Passive asset managers charge and do nothing. We believe our service is superior, and you may be pleased over time.
Damon Vickers, Damon Vickers & Co. (DV and Co) is not a registered investment advisor but is a FINRA registered representative and as such is compensated by commissions and not fees. Damon Vickers and DV and Co is not a financial planner and does not provide financial planning advice.
We operate on the following commission-based compensation system:
Accounts Under $1,000,000: 2% of traded assets per trade.
Accounts 1 Million or Greater: 1% of traded assets per trade.
Accounts 5 Million or Greater: .75% of traded assets per trade.
Our goal is to try and find the very, very best ideas possible. Sometimes, the market is full of great ideas. During periods like these, we want to do everything possible to take advantage of the bounty that the market offers us.
Other times, no matter how hard we try to find ideas, they don’t exist. We are comfortable at times like these sitting on cash, knowing that inevitably the market will come to us. In short, if we have ideas, we’re going to trade them. If not, we’re comfortable waiting until they do.
Every individual’s account will have different performance over time. One client may invest at a market’s peak; and another at a market’s bottom. Short term, individual customer performance will vary. Long term, we believe our adaptive approach has helped investors avoid bear markets and capitalize on some of the best opportunities the market has presented over the last 25 years.
An investor is encouraged to take the long view when considering a relationship with us.
All of our investors have coverage through Securities Investors Protection Corporation (SIPC), which guards against missing cash and securities resulting from a failed broker-dealer. This protection shall not be construed as a safeguard against portfolio losses due to market activity. Please see www.sipc.org for more information.
All investments carry risk of loss, including those with Damon Vickers and Company. While we strive to protect and grow your assets through sound investment methodology, we cannot and do not guarantee results of any kind.
Yes, of course. For password information or pin reset please call our customer services department at (800) 553-0553.
Click here for log-in information.
All customer accounts receive account statements once per month, in addition to confirmations of all transactions that occur in their accounts. If you are not receiving your account statements or confirmations, please call our Client Services Department at (800) 553-0553 and see that you do. We believe all investors should take extra care to monitor their investments on a regular basis.
Every customer will be provided with a 1099 after the end of each calendar year.
We believe communication is a vital aspect of what we do. To this end, we own our own television studio, radio capabilities, and have what we believe is a very robust website. Damon believes that these are the most efficient means of communicating his positions to the general public, and to you the investor.
Clients should contact the Client Services Team for day-to-day affairs of their account. If clients feel they would like a reasonably brief consultation with Mr. Vickers, they may schedule one once their account is active and with at least 5 business days’ notice.
At Damon Vickers and Company, we provide a full range of investments choices, including IRAs, Roth and SEPs. In addition, our 401(k) rollover team can streamline and speed up the gathering and collection of your plans. Please call our New Accounts Department at (800) 553-0553, and they’d be happy to help you.
We offer a full range of cash management solutions, including electronic access through VISA debit cards and check writing capability. If you would like to add these features to your account, please call our Client Services Department at (800) 553-0553 and they’ll be happy to assist you.