Replies to post #3639 on Marygold Companies Inc (MGLD)

[majestic14]

They obviously don't make any money buying there own stock right now.

[DrD]

Additional income for Marygold_&_Co comes from investment portfolios

Similar to the subsidiary USCF, Marygold_&_Co's will earn additional income based on the AUM (Assets Under Management) within clients investment savings .

Timothy Rooney, president of Marygold & Co.:
"Marygold will not charge customers for banking products, earning revenue instead through fees on the passively managed exchange-traded funds that make up each portfolio. Rooney said the company will annually charge 30 basis points on the money in securities that is managed for the client."
https://www.bizjournals.com/denver/news/2023/02/03/marygold-co-app-launch.html?csrc=6398&utm_campaign=trueAnthemTrendingContent&utm_medium=trueAnthem&utm_source=facebook

If Marygold & Co savings funds are invested in USCF funds then both subsidiaries will be earning income dependent on their corresponding AUMs in each fund. That's a real win-win system.

The USCF subsidiary currently has at 3 new funds waiting to launch.




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