Morgan Stanley Brokers
What’s “Portfolio Architect?” Is it basically a wrap account?
Wrap Mutual Fund account based on Proprietary MS Funds, mostly class A share MS institutional funds (with some Van Kampen and regular retail mutual funds) w/$1 million minimums, waived for PA accts. Minimum amount is $10,000, fee tops out at 1.5%. Auto rebalancing quarterly if you use the recommended allocation (ibbottson style). Morgan also has Fund Solution, which is the same thing except with external funds.