This help article is meant to explain the various aspects of Account Statements provided by Shrimpy Advisory.
What is a Shrimpy Advisory Account Statement?
Shrimpy Advisory will provide you with an Account Statement at the end of each quarter. Your account statement will provide you with information about your Shrimpy Advisory account such as your portfolio balance, the fees you've accrued, and a history of the trades you've made during the previous quarter.
This shows you the value of fees accrued by your Shrimpy account during the previous quarter. This includes both trading fees and portfolio management fees.
Total Trade Fees
This value represents the sum of all trading fees accrued during the previous quarter. A trading fee is the commission paid to an exchange for facilitating a trade, and this amount is removed automatically by an exchange when a trade is completed.
This value represents the sum of all portfolio management fees accrued during the previous quarter. Shrimpy Advisory charges 1.2% AUM annually, billed at 0.1% monthly. You can read more about the cost of using Shrimpy Advisory here.
This section displays a summary of information on the strategy your Shrimpy Advisory account is using as well as a breakdown of your basket allocations and change in market value.
This column displays the name of each basket included in your investment strategy.
This column displays the assets that make up your baskets.
Market Value (Start)
This column displays the total value held in each of your baskets at the start of the quarter.
Market Value (End)
This column displays the total value held in each of your baskets at the end of the quarter.
This column displays the change in balance from the start of the quarter to the end of the quarter, shown as a percentage of your starting balance.
End % of Portfolio
This column displays how much of your portfolio is allocated to each basket at the end of the quarter.
Opening Asset Summary
This section displays a summary of each of the assets included in your Shrimpy Advisory portfolio at the start of the quarter.
Closing Asset Summary
This section displays a summary of each of the assets included in your Shrimpy Advisory portfolio at the end of the quarter.
Always make sure to compare your Shrimpy Advisory statement to the statement provided by
your custodian, Gemini. If you identify any discrepancies, have questions, comments, or concerns, feel free to send an email to AdvisorySupport@Shrimpy.io and one of our Support Agents will get back to you as soon as we're able. Please see our ADV for more information on Fees.