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.
Break In – The pending fall merger has led to an increase in Schwab related deliveries mostly via email … see below for our easy corrective measures made by use!
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 … for you, 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.
Given the large number of collective votes, we do not know if you have fallen off the directives list, so please do not hesitate to ask us for a refresh.
Have a Great “Proxy Vote Update” Day!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
