Russell Investment Management, LLC offers global investment solutions, including investment management, model portfolio services, and investment consulting. The firm operates as part of Russell Investments, serving a diverse client base that includes registered investment companies, private funds, institutional employee benefit plans, insurance companies, and financial intermediaries. For individual retail and high-net-worth investors, the firm provides access through personalized managed account programs, separately managed account models, wrap fee programs, and mutual funds via financial intermediaries. The firm employs a multi-style, multi-manager open-architecture approach, incorporating capital markets research, strategic asset allocation, third-party money manager selection, and proprietary active and systematic positioning strategies. Russell Investment Management integrates environmental, social, and governance considerations and artificial intelligence tools into its research and portfolio analysis processes. The firm also utilizes affiliated entities, such as Russell Investments Implementation Services, LLC, for trade execution and brokerage services.
Fee Structure
Investment management fees vary widely based on the strategy, product type, account size, and customization requirements, and are negotiated in advance and specified in the written agreement or prospectus.
- Registered Funds: Gross advisory fees vary by fund, are calculated as a percentage of daily net assets, and are billed monthly.
- Institutional Separate Accounts: Fees are determined through negotiation and are generally billed quarterly or deducted from the account.
- Private Funds: Management fees are set forth in the fund's offering documents and are generally billed quarterly and paid directly by the fund.
- Separately Managed Account Models and Personalized Managed Accounts: Fees are negotiated with the financial intermediaries and paid quarterly in arrears or in advance.
- Wrap Fee Program Models: Russell Investment Management does not receive a direct fee for model delivery when models contain affiliated registered funds; instead, compensation is received through fund-level fees and prospectuses.