Almost all public financial institutions of all shape and form have what is called a Proxy Vote.
The Proxy is an at least Annual Vote for various items such as approval for management salaries, mergers, company stock repurchases and just an annual approval to continue current services.
Why We Vote Your Proxy
As a regular practice we vote Proxies for all clients. This accomplishes multiple items:
- Much Greener – We get one statement for literally 100’s of client votes
- We actually vote – always for management – if we disagreed we would not own the respective asset
- We keep a permanent record of the vote
- By voting for you, your mailbox is not stuffed full this time of the year
We try to receive electronic information as much as possible – this is once again green but much of this information is still delivered the old fashion way by snail mail
What to Do If You are Receiving Proxy Information .. Help is Here!
Occasionally Proxy directives for us to vote … falls off the system …
When this occurs your mailbox will begin getting full…
No worry, just reach out and we can easily refresh your directives back to us and stop the pelting of mail.. BUT NOT ALL- Some companies will send you information no matter, but we can cut way down on the paper!
Ahhh…today is a Friday – Enjoy your day and your weekend!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
