Hollywood, FL (PRWEB) May 09, 2012
The key changes to the business model now include: ‘zero’ commissions, no commission brokers, reduction by 50% in BID/ASK and savings passed on, and storage fee structure reduced a sizeable amount from 0.5% - to a new low of 0.1%.
“This change has created an opportunity for investors to compete on a price level that allows quick changes in the metals portfolio without the tremendous hits typically seen because of the huge costs associated with trading and storing their precious metals,” said Stephen M Smith; managing member at Smith McKenna, LLC.
“Every penny of cost savings achieved with these changes has been passed onto the precious metals customer,” added Smith.
Last year brought a tremendous opportunity for people who were able to experience the wealth creation that came from the boom of precious metal prices, and now further cost savings will drive up investor gains even higher. It is crucial that you own the physical asset rather than buying ETF’s, Futures and Certificates, however. Smith is so adamant on educating the public on this type of expert knowledge, that he is offering a free investing book to a limited number of people who want to learn more. http://www.smithmckenna.com/free-book/
According to the recent announcement by the Commerce Department, GDP rose the first three months of 2012 by a moderate 2.2%, despite claims of failed stimulus efforts and a negative economy. Consumer confidence is up, unemployment is down, and manufacturing is kicking into overdrive; all of which are going to stimulate industry needed precious metals prices in a positive direction.
Some of these changes at Smith McKenna are from the lessons learned this past year in the precious metals market. Some additional changes are that only Market, Limit, and Stop orders will be used. Smith McKenna will not take discretion to BUY/SELL customers’ orders any longer; nor will they try to call market moves outside of a belief of a long term view of the Silver market, which Smith McKenna believes, is going much higher over the next few years.
Smith McKenna will still however give market up-dates via its website and clients real time access to their accounts and real time precious metal quotes. http://www.smithmckenna.com/subscribe-now/index.php
Summing up these key changes, Smith stated, “What we are doing is providing a high quality product to the retail public at a cost savings that allows them to use their precious metals portfolio like a professional investor. We’re just going to get out of their way in the decision making and provide exceptional service, price, and execution. There are plenty of places people go to get advice on the precious metals market. We are here for investors to make the most out of that advice.”
For more information on Stephen M Smith and Smith McKenna LLC, visit their website: