No, some other firms have net worth or
assets under management minimums, but we believe quality financial planning, investment management, and tax services is for everyone.
Not exact matches
The Forbes ranking of America's Top Wealth Advisors, developed by SHOOK Research, is based on an algorithm of qualitative and quantitative data, rating thousands of wealth advisors with a
minimum of seven years of experience and weighing factors like revenue trends,
assets under management, compliance records, industry experience and best practices learned through telephone and in - person interviews.
RIAs are eligible to participate in the Program if they represent to Fidelity Investments that they meet the following criteria: (1) RIA is an investment adviser registered and in good standing with the U.S. Securities and Exchange Commission and / or any applicable state securities regulatory authorities or is exempt from such registration; (2) RIA's representatives who provide services to referred clients are appropriately registered / licensed as «Investment Advisers Representatives» in required jurisdictions; (3) RIA charges fee - based,
asset - based, or flat - rate investment advisory service fees (which may include hourly fees); (4) RIA will maintain a
minimum of $ 350,000,000 in total regulatory
assets under management, as reported in response to Item 5 in Part 1A of the RIA's Form ADV, throughout the duration of RIA's participation in the Program; (5) RIA and all associated persons of the RIA who manage client
assets or who supervise such associated persons shall at all times be covered through both Errors and Omissions Liability Insurance and Fidelity Bond Coverage; and (6) RIA maintains a
minimum of two principals or officers as well as a
minimum of five employees.
Our AUM (
Asset Under Management) fee is billed 0.175 % per quarter, which totals 0.7 % annually, with a
minimum of $ 75 billed per quarter, which totals $ 300 annually.
The
minimum account size for SmartFolio is $ 5,000 and fees are charged as a percentage of
assets under management, starting at 0.7 per cent for the first $ 100,000 and gradually moving lower for amounts above that.
Before the pilot program, these contracts were out of reach because the
minimum required
assets under management, often in the billions, were too large for small firms to qualify.
Fees vary among these, with BMO's SmartFolio, for instance, requiring a
minimum account size of $ 5,000 and charging fees as a percentage of
assets under management, starting at 0.7 per cent for the first $ 100,000.
Historically, however, MPT - based advice has been available only through high - end financial advisors who typically require
minimum account sizes of $ 1 million and who charge annual fees of at least 1 % of
assets under management.
Some of the criteria we use to review managed futures strategies include: overall strategy, manager experience, drawdowns, volatility,
assets under management (AUM),
minimum investment, track record, markets traded, and margin - to - equity ratio.