FAQs

GENERAL

  • We currently offer four models: Growth, High Yield, Growth & High Yield, and RMD Growth (for qualified accounts that are looking for our Growth model but require RMDs).

  • Our portfolio managers account for a variety of market factors to optimize the purchase of each structured note within our portfolios. A full allocation typically takes between 4-6 months.

  • You client’s funds will be kept in Global X 1-3 Month T-Bill ETF (CLIP) or equivalent while awaiting allocation into their chosen structured note model.

  • We maintain reserves (in a yield-bearing security) for billing and distributions as follows:

    • Altium Growth - 5%

    • Altium High Yield - 4%

    • Altium Growth & High Yield - 10%

    • Altium RMD Growth - 20%

  • We currently reinvest gains from notes that are called, sold, or matured, as well as excess cash from coupon payments.

  • You can see the details of every note your clients own by logging in to your Halo account with the credentials provided by your Altium relationship manager.

    If you have not yet received your Halo credentials, please contact your relationship manager or email support@altiumstrategies.com to request them.

  • Clients will receive the prospectus of each note that is purchased for their portfolios via email. The CUSIP for each note will also appear in their custodial accounts.

    To provide your clients with more detailed information, including performance reporting, please log in to your Halo account.

  • Each model has its own parameters around distributions:

    • Altium Growth - no distributions

    • Altium High Yield - monthly, quarterly, or annually (6% max) + year-end bonus should performance permit

    • Altium Growth & High Yield - single annual distribution/RMD + year-end bonus should performance permit

    • Altium RMW Growth - single annual distribution/RMD

SUB-ADVISORY

  • We currently have a relationship with Schwab. Other custodians may be added in the future.

  • Instructions for adding Altium as a sub-advisor can be found here.

TRADING

  • While our portfolios can be traded in a large number of account types, it’s typically preferable to invest in them through tax-advantaged accounts like IRAs since trading activity within the portfolios can produce taxable gains.

    Please note that while our structured note accounts can support systematic withdrawals (such as those required to satisfy RMDs for qualified accounts), they are not suitable for clients looking for high degrees of liquidity.

  • Due to the nature of our actively managed structured note portfolios, we require your clients to open a new SMA for each model they wish to invest in. Additional investments in the same model can be made in the same account.

  • All trade requests are submitted through your firm’s private Altium portal. Please contact your relationship manager or reach out to trading@altiumstrategies.com if you need assistance with access.

  • Since each model needs to be traded in its own SMA, each trade request must be for a single model only.

BILLING

  • Altium bills quarterly in advance. On-cycle billing occurs in the first month of each quarter. Off-cycle billing is prorated based on the number of days the account was invested.

  • For non-wrap accounts, Altium bills your clients’ account directly.

    For wrap accounts, Altium bills your RIA each quarter.