ST. LOUIS, May 20, 2013 /PRNewswire/ -- EverBank, a subsidiary of EverBank Financial Corp (NYSE:EVER), announced today the launch of the new Automatic Purchase Plan option for its non- FDIC insured Metals Select® Unallocated Account1. The new plan provides investors a low-cost monthly investing option for pooled metals.
"With ongoing volatility in the metals markets and lingering concerns about the global economy, investors are realizing the importance of diversifying their portfolios with precious metals," said Frank Trotter, president of EverBank Direct, a division of EverBank. "The Automatic Purchase Plan takes advantage of dollar cost averaging to grow investors' precious metals ownership each month, eliminating concerns about timing their metals diversification strategy with the market."
The EverBank Automatic Purchase Plan requires a minimum $100 monthly transfer from a companion EverBank cash management account2. Clients can purchase gold, silver and platinum in the plan with no ongoing or annual account fees. Rather than buying individual coins or bars, investors in the Metals Select Unallocated Account buy into a pool of metals, allowing them to avoid storage and shipping fees.
"This new feature makes diversifying easy for investors and better insulates them from sudden shocks in the metals markets," Trotter said. "By converting a consistent dollar amount into precious metals each month, clients can adopt a long-term and targeted approach that provides an option to invest in metals in a highly efficient manner."
For more information about the Metals Select Unallocated Account and other metals investing options offered by the bank, visit https://www.everbank.com/investing/metals/unallocated.
ABOUT EVERBANK FINANCIAL CORP
EverBank Financial Corp, through its wholly-owned subsidiary EverBank, provides a diverse range of financial products and services directly to clients nationwide through multiple business channels. Headquartered in Jacksonville, Florida, EverBank had $18.3 billion in assets and $13.7 billion in deposits as of March 31, 2013. With an emphasis on value, innovation and service, EverBank offers a broad selection of banking, lending and investing products to consumers and businesses. EverBank provides services to clients through the internet, over the phone, through the mail, at its Florida-based financial centers and at other business offices throughout the country. More information on EverBank can be found at www.abouteverbank.com.
1. EverBank Metals Select® products:
Are Not FDIC Insured | Are Not Bank or Government Guaranteed | Are Not Deposits of EverBank | May Lose Value |
Purchasing or owning metals involves degrees of risk that make them unsuitable for certain individuals. You should carefully consider the suitability of such metals before making any decision. Please refer to "Metals Select Accounts" in your Account Terms, Disclosures and Agreements Booklet for additional information.
2. EverBank reserves the right to terminate the plan or your involvement in the plan at any time, for any reason, including but not limited to overdrafts of your account.
SOURCE EverBank
