Each of the three programs allows you a different level of functions to perform your trading. Lattco allows you to generate new positions to trade the Snider Investment Method, and to keep a record of your Stake and Allocated Cash moving forward.

Lattco PRO automatically creates and maintains all of your stock purchase records and Band Rule Worksheets for each of the stock positions that you own, updates your Stake and Allocated Cash worksheets automatically each month, provides a Bundling Tool to assist you in your trading, and allows you to track the performance of your portfolio or account(s) over time.

Lattco AutoPilot, in addition to offering all of the features in Lattco and Lattco PRO, also allows you to trade your new and continuing stock positions directly from your Lattco account, and offers guidance on how to correctly trade each position every month. The trading software within Lattco AutoPilot will also offer you the opportunity to easily utilize limit orders during your trading; this feature will potentially allow you to generate additional option income.

Lattco is offered for a flat $30 fee for every month that you use it to generate a new position. Also, you must be a Level 1 Consulting client to access Lattco ($10 per month).

Lattco PRO is offered for a charge of $8 per position for every position that you have activity in for a given month, with a limit of no more than $250 to be charged in any given month. Also, you must be a Level 1 Consulting client to access Lattco ($10 per month).

Lattco AutoPilot has a three tiered pricing structure. For all portfolios that are $1 million or less in value, you will be charged a total of 75 basis points (0.75%) annually for use of the system. For portfolios of $1.5 million or more in value, you will be charged a total of 50 basis points (0.50%) annually for use. Portfolios that are between $1 million and $1.5 million in value will be charged a flat rate of $625 per month for use.

The monthly fee is calculated using the account value from Ally (not your stake) as reported on your month-end statement.

Usage of Lattco is included when you sign up as a Level 1 Consulting client with Snider Advisors. Simply go to www.lattco.com, and log in using your Snider Advisors username and password. After you log in, you will be taken to the portfolio overview section, which will be empty the first time you use it. Simply click the Add New Account button, and enter the requested information in order to set up your account.

To sign up for Lattco PRO, simply click one of the links to upgrade that are present on the website (either on your portfolio overview, or the “Start Now” link at the bottom of the Lattco homepage). This will direct you to the wizard that will allow you to upgrade your account immediately.

To sign up for Lattco AutoPilot, click HERE. We will contact you with further instruction when the turn comes for your name on the list.

There are two different ways to pay for the programs. One is to charge a credit card that is currently on file with us; many of our clients choose this option, and have the Lattco charges combined with the $10 consulting client fee that they are billed for every month.

You may also choose to have your fees deducted directly from your Ally brokerage account. To accomplish this, you will need to initial the “Fee Payment Authorization” box on your limited trading authorization (LTA) form for your Ally account. Please then contact us if you would like to have your fees withdrawn automatically from your brokerage account.

Lattco assesses a flat $30 fee for every month that you use it to generate a new position. If you update your Stake and Allocated Cash in your account, but do not generate a new position, you will not be assessed the $30 fee for that particular month.

Lattco PRO assesses an $8 fee for every position that you have activity in during a given month. For example, if you have three positions that you have activity for, the total fees would be $24. If you had four positions, the fee would be $32, and so forth. If you have a position that is in winter, and does not have any activity in it for a given month, you will not be charged for that position in that month. There is a cap of $250 in charges for a given month for usage of Lattco PRO.

If the value of your account at Ally is $100,000 on the statement, we would multiply $100,000 by 0.0075, giving us a total of $750. We would then divide this total by 12 (remember that basis points* are annualized, but this invoice represents only one month of the year), for a monthly cost of $62.50. You can have this fee deducted from your account or charged to a credit card.

*A basis point represents 0.01% of the total value of your brokerage account. Therefore, 75 basis points represent 0.75% of your account value at any one moment, while 50 basis points represent 0.50% of your account value. Basis points are calculated on an annualized basis.

Charges for Lattco and Lattco PRO are invoiced on the last business day of any given month.

Charges for Lattco AutoPilot are calculated on the last business day of any given month, and are invoiced 1-2 days subsequently.

At this time, you are allowed to use different levels of Lattco for different accounts within your portfolio. If you utilize Lattco and Lattco PRO within the same portfolio, you will be charged the higher of the two programs each month.

We are still in the process of determining how billing will be applied with regards to portfolios that use Autopilot and Lattco combined; we will notify you when the fee structure for this situation has been decided.