As we have conveyed in earlier letters and reports, 2011 brought new requirements regarding cost basis reporting of individual investment holdings. As such, Pershing will be forwarding to you on or about February 15th an enhanced year-end tax information report. This report will include your 2011 realized gains and losses as well as the 1099 – Tax Information Statement for each of your taxable accounts. You will need to forward this information to your tax advisor in order to prepare your income tax return.
Separately, please know that you may obtain a copy of Part II of Goelzer Investment Management’s Form ADV, filed with the Securities and Exchange Commission under the Investment Advisers Act of 1940, at no charge upon written request to our office.
We at Goelzer remain as committed as ever to adding value to our relationship with you through everything we do on your behalf. As a result of our continued growth and investment in efficiency enhancing technology, we are pleased to announce that we are once again able to pass along an adjustment to our brokerage expense schedule. Specifically, the cost of equity trades under 1,000 shares has been reduced by 13% effective January 1, 2012, subject to a $20.00 minimum.
Once again, we want to take this opportunity to thank you for the confidence and trust you have placed in us this past year, and the referrals many of you have passed along as a testament to this trust. It is referrals from clients like you and our friends in the professional community that have allowed us to continue to grow as an organization. We are excited about our future together and look forward to serving you and your family for generations to come.
Should you have any questions or comments about the enclosed report or require additional information, please do not hesitate to give Sherri or me a call. You can reach Sherri directly at (317) 264-2618, sgrabhorn@goelzerinc.com or, if outside the Indianapolis calling area, (800) 428-1618.
As always, we welcome and appreciate your thoughts regarding how we are doing and what we can do better. Valued clients and friends like you are the foundation of our success.
Sincerely,
GOELZER INVESTMENT MANAGEMENT, INC.
Brett D. McKamey, CFA
President