Fiduciary
Flat Fee
This offering delivers a portfolio of mutual funds across multiple asset classes. When a firm provides this investment solution to an advisor, they typically offer it with fixed asset allocation models or flexible asset allocation models.
This encompasses all the investor’s assets and liabilities, for example, their house, jewelry, saving, tax liabilities, other debt etc; not just the amount of money an investor has to invest.
Total Net Worth
Global Advisory
Clients have access to their own bankers and mortgage officer, investment credit lines, cash management access accounts, and deposit capabilities.
A firm wanting to hand-pick their managed account investment offering for their clients would be best served by this type of offering.
Under advisor model, advisors are compensated by what that is usually based on the percentage of assets under management.
Wealth Manager
The initiative at Pershing driving the change to better support advisors and investors.
Standard of care RIAs operate to.
Customized
Private Banking
This is a multi-asset class offering that is not limited to a single investment solution. This offering will likely include mutual funds, ETFs, individual securities and potentially separately managed accounts (SMAs).
Advisor who incorporates several disciplines such as investment management, financial and estate planning, and retail banking for their clients.
Mutual Fund Wrap
Unified Managed Account (UMA)
Securities and Exchange Commission
Registered Investment Advisors are governed under this regulatory agency.
