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Boost Firm Profitability
Not only does In-House Overlay Management with WealthADV provide opportunity for enhanced investment returns over mutual funds and separately managed accounts, it also can significantly lower the product cost for advisors. The cost of subscribing to third party investment strategies is often substantially less than the total cost of ownership for either mutual funds or separate account management. The total cost of the WealthADV Platform – including third party manager models, portfolio management technology, and outsourced back office and client reporting – is generally half that of actively managed equity funds or SMAs.
| Traditional Investment Products |
Cost Range |
| Actively Managed Equity Mutual Funds |
0.95% to 2.25% (expense ratio) |
| Separately Managed Equity Managers |
0.90% to 1.45% (platform cost) |
| From Third Party Overlay Manager |
1.25% and 1.95% (platform cost) |
Entire WealthADV Platform
- Represents a savings in the range of 30 to 140 basis points over the product-only costs of mutual funds or SMAs.
- Given the average net income for a typical RIA is less than 10 basis points, the potential to add 30 to 140 basis points to the firm’s bottom line, in addition to gaining access to a state-of-the-market technology platform, is very compelling.
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