TSA Portfolio Management provides continuous investment advisory services, building personalized portfolios based on individual client goals, risk tolerance, and time horizons. The firm manages both discretionary accounts—where TSA Portfolio Management makes trading decisions on the client's behalf—and non-discretionary accounts, which require client authorization before executing transactions. Portfolios may include mutual funds, individual stocks, corporate and government bonds, exchange-traded funds, variable annuities, and third-party sub-advisory platforms. TSA Portfolio Management creates customized asset allocations and model portfolios, giving special consideration to tax consequences in taxable accounts. The firm also offers access to various third-party managers and online wrap fee programs.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 1.00% |
| $500K - $1.0M | 1.00% |
| $1.0M - $5.0M | 0.75% |
| $5.0M - $10.0M | 0.50% |
| $10M+ | 0.20% |
Rates reflect TSA Portfolio Management's primary equity schedule under Lockwood programs. Fees may vary by program, such as 0.75% to 1.5% for accounts under $500K in Pershing Tier I, and are subject to negotiation for larger accounts. Other programs like Marstone charge 0.5% and CUNY charges 0.55% to 0.75%.