Wirehouse Fee Schedule

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Jul 20, 2011 5:28 pm

Trying to figue out what the wire’s are charging as a floor and ceiling in their UMA products and their mutual fund wrap programs. Also, it would be nice to know how much of that fee hit the grid. I am trying to set up these products at my firm and we want to make sure we stay competitive, thanks!

Example: Mutual Fund Wrap Program: Discretionary Model Portfolio…similar to MFA at Merrill

$250k account charged 1.25% (what is the floor and ceiling) hitting the grid at 75%
$500k account charged 1.00% (what is the floor and ceiling) hitting the grid at ?%
$1,000,000 account…?

Example: UMA Program

$1,000,000 account in a Balanced Strategy

what is the floor and ceiling that you can charge is the manager’s fee included in this does it still hit the grid at 68%?

Thanks in advance!!!