Managed Asset Programs

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Jun 24, 2005 3:10 pm

I would like to get a concensus on what other firms charge for their managed asset programs.  Thanks in advance for the replies.

Jun 25, 2005 12:20 am

1-1.5%...negotiable over 1 mil...

Jun 25, 2005 1:01 am

Same for me...and usually .75% for over a million.

Jun 25, 2005 6:56 am

1.5% for a managed fund program. SMA's will run 2.1 % fully discounted. I think that's fair for good management. Don't you?

Jun 25, 2005 2:43 pm

Yes I do................Fee based is the way to go


We use 3rd Party MAPs/wraps, and our Firms IAR Progam/wrap for fee based plans, but we are looking into going just with our own RIA ? 


How many use their own RIA?


I am curious as to the pitfalls you may have had, or if it was the best thing you ever did?

Jun 27, 2005 9:36 pm

Player, You agree that 2.1% is a good deal for a MAP account and you bitch about revenue sharing? What a two-faced piece of garbage. Don't talk to me about disclosure either. Do you use a gun with this or do you just shove a hot poker up your client's ass?

Jun 28, 2005 12:14 am

That fee of 1-1.5% is in addition to the fee the management company charges, isn't it?

Jul 1, 2005 3:35 am

[quote=KoolAidChugger]Player, You agree that 2.1% is a good deal for a MAP account and you bitch about revenue sharing? What a two-faced piece of garbage. Don't talk to me about disclosure either. Do you use a gun with this or do you just shove a hot poker up your client's ass?[/quote]



D*ck Head............KoolAidChugger



You can't READ, can you? I didn't say what we charged I only said I did Fee Based and MAP accounts.............Doesn't Edward Jones do MAP accounts?



As usual you D*ck Heads ASS U ME....no wonder you are still at Jones you can't get your figures right or read, if you could you would leave.......you are pathetic

Jul 1, 2005 9:45 am

Damn, you guys will argue over anything! I have never been on a board with so many wasted key strokes.


We charge 1.5-2% for managed and fee in lieu is negotiable, but usually works out to 1% depending on the balance.

Jul 1, 2005 12:52 pm

Revenue sharing is not fully disclosed in dollar terms on the client's statement.


Fees charged in a wrap or other MAP program are listed for the client to see.


One is hidden (well a little less now) and the other is fully disclosed.  revenue sharing (at Jones) is nothing more than hard dollar kick backs paid back to Jones for IR's selling from a list of mostly mediocre funds.


A little different than a wrap or map program...you guys crack me up!

Jul 1, 2005 1:36 pm

Most Jones IRs are afraid to look at the facts because if they do, it would rock their little world.  My clients see in dollars, how much they paid each quarter in fees.  They also see a direct comparism of how their account did relative to their benchmark.  We can also customize benchmarks.  For example, I can even set it at a fixed percentage and then that is my boggie each quarter and year.


You Jones guys think you work for such a great company.  See how they treat you when you decide to leave.   My ROI has dropped since I left EDJ.  I am proud of being able to lower my clients fees, and give them customized portfolio service.


Are Federated and Putnam still a preferred vendors...Wow, there's some good mutual funds!