PORTLAND, Ore., March 16, 2005 (PRIMEZONE) -- Just in time for IRA season, IMS Capital Management today announced its new No Fee IRA, available through the no load IMS Family of Funds.
Prior to 2005, a $15 custodial fee was applicable for IMS Fund IRA accounts to cover the special compliance and reporting services IRAs require. Although the custodial fees are not going away, the Funds' Adviser, IMS Capital Management, is going to pick up the bill for its shareholders. "The elimination of IRA fees, along with prior reductions of our expense ratio, serves to demonstrate our continued commitment to lowering the costs of investing to shareholders," said IMS Family of Funds Founder and Lead Portfolio Manager, Carl W. Marker.
The IMS No Fee IRA is available for accounts starting at $2,000, but the minimum account requirement will likely increase to $5,000 by the end of the year.
The IMS Family of Funds together represents $165 million in assets, and consists of the IMS Capital Value Fund, the IMS Strategic Income Fund and the IMS Strategic Allocation Fund. Together, the Funds are designed to answer an investor's needs for diversification, capital appreciation and income. As an additional benefit to shareholders, IMS Capital Management offers strategic allocation of a shareholder's assets across the IMS Funds. Where many investment managers charge a fee for this service, IMS provides it on a complimentary basis for accounts over $100,000.
Based in Portland, Oregon with offices in Seattle, Washington, IMS Capital Management is dedicated to helping investors and their advisors build wealth wisely. For more information about the IMS Family of Funds, please visit www.imscapital.com or call 1-800-408-8014.
The Funds' investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus contains this and other information about the investment company. Please read it carefully before investing. The prospectus is available at www.imscapital.com. Distributed by Unified Financial Securities, Inc., member NASD.