Firms Charging over 2% in the State of Colorado and who have offices within 10 miles of MY Wealth Planners LLC

Daniel Yerger About the Firm, Financial Planning 1 Comment

Primerica

 

Fee Type Annual Fee
Program Fee 2.24%
Up Front Revenue Sharing 0.25%
Quarterly Revenue Sharing 0.0175%
Annual Cost to Clients in the First Year 2.56%

Disclosure of Revenue Sharing Regulatory Filings for Advisory Services

Merrill

Fee Type

Annual Fee

Merrill Lynch Fee Rate

2.00%

Style Manager Rate

0.65%

Revenue Sharing

?

Annual Cost to Clients in the First Year

2.65%+

Regulatory Filing for Advisory Services 1 & 2 

Disclosure of Revenue Sharing 

Morgan Stanley

Fee Type

Annual Fee

Morgan Stanley Wealth Management Fee

2.00%

Overlay Manager Fee

0.07%

Sub-Manager Fee

0.75%

GIS Investment Manager Fee

0.30%

Platform Fee

0.04%

Proprietary Fund Average Expense Ratio

0.85%

Annual Cost to Clients in the First Year

4.64%

Regulatory Filing for Advisory Services

Disclosure of Revenue Sharing

Morgan Stanley Funds 

Wells Fargo

Fee Type

Annual Fee

Custom Blend Portfolio Fee

2.50%

Revenue Sharing Agreements

0.15%

Annual Cost to Clients in the First Year

2.65%

Regulatory Filing for Advisory Services

Disclosure of Revenue Sharing 1 & 2

 Thrivent

Fee Type

Annual Fee

Advisory Fee

2.00%

ME&A Fees

1.25%

Annual Cost to Clients in the First Year

3.25%

Regulatory Filings for Advisory Services

Disclosure of Revenue Sharing 

Edward Jones

Fee Type

Annual Fee

Advisory Fee

1.35%

Portfolio Strategy Fee

0.19%

SMA Manager Fee

0.40%

Revenue Sharing

0.25%

Annual Cost to Clients in the First Year

2.19%

Regulatory Filings for Advisory Services

Disclosure of Revenue Sharing

Ameriprise

Fee Type

Annual Fee

Advisory Fee

2.00%

Platform Fee

0.17%

Portfolio Manager Fee

0.80%

Investments & Infrastructure Support Fee

0.03%

Revenue Sharing

0.42%

Annual Cost to Clients in the First Year

3.42%

Regulatory Filings for Advisory Services

Disclosure of Revenue Sharing 

 Changepath LLC

Fee Type

Annual Fee

Advisory Fee

3.25%

Annual Cost to Clients in the First Year

3.25%

Regulatory Filings for Advisory Services 

UBS

Fee Type Annual Fee
Advisory Fee 2.50%
SMA / MAC Equity Fee 1.00%
Annual Cost to Clients in the First Year 3.50%

Regulatory Filings for Advisory Services 

Revenue Sharing

To Be Clear

This is not an exhaustive list.  We share these tables and links only to share the material fact that all of these firms can charge clients well above 2% for their services and that in many cases, revenue is received from 3rd parties or through the sale of proprietary products that ultimately comes out of the client’s pocket when the client engages these firms in their services. Whether that is good or bad is entirely up to you, but I think it’s safe to say that we proved other local firms can charge more than 2% of assets under management for their services. If you want to read more about research into where these expenses come from and the effect they have on clients, you can read excellent research by Dr. Nicole Boyson of Northeastern University here

Last Updated 6/21/2021

Comments 1

  1. I think we consumers, have suspected that we are being taken advantage of, but it is not possible for the average person to investigate these subtleties. We wouldn’t even know where to start. It would take a financial advisor to know what to look for – isn’t that the cat protecting the canary? or something like that?

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