Allstate Financial Advisors provides investment advisory services to individuals, trusts, estates, charitable organizations, and corporations. The firm operates as a wholly-owned subsidiary of Allstate Insurance Company. Rather than managing portfolios directly, Allstate Financial Advisors recommends and monitors third-party investment managers who offer wrap fee programs, specifically utilizing the Fidelity Managed Account Xchange platform sponsored by Fidelity Institutional Wealth Adviser. Through this platform, clients can choose between Fund Strategist Portfolios, which are actively managed by third parties on a fully discretionary basis, and Unified Managed Accounts, where portfolios are customized and monitored by Allstate Financial Advisors' representatives. Services include assessing client needs, establishing investment goals, selecting appropriate mutual funds and exchange-traded funds, reviewing portfolio performance quarterly, and meeting annually to discuss risk tolerance and asset allocation. Allstate Financial Advisors representatives are dually registered as representatives of Allstate Financial Services, an affiliated broker-dealer, creating potential conflicts of interest regarding product recommendations and sales compensation.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $250K | 1.50% |
| $250K - $500K | 1.35% |
| $500K - $1.0M | 1.25% |
| $1.0M - $2.0M | 1.15% |
| $2.0M - $5.0M | 1.00% |
| $5M+ | 0.80% |
Fees represent maximum rates across available programs (Fund Strategist Portfolios and Unified Managed Accounts). Investment advisory representatives are permitted to negotiate a reduction in the advisory fee.