Spirit of America Management Corp., conducting business as SOA Premier Assets, offers portfolio management services to individual investors, high-net-worth individuals, trusts, estates, and retirement accounts through a bundled fee program called the SOA Premier Assets Program. Spirit of America Management Corp. designs model portfolios composed of mutual funds and exchange-traded funds, which are managed on a discretionary basis. Clients must open and maintain a brokerage account with an affiliate, David Lerner Associates, and use RBC Correspondent Services for clearing, custody, and execution. Spirit of America Management Corp. provides various investment strategies tailored to different objectives, ranging from conservative to equity-weighted and income-focused approaches.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $100K | 1.67% |
| $100K - $500K | 1.62% |
| $500K - $1.0M | 1.52% |
| $1.0M - $2.5M | 1.40% |
| $2.5M+ | 1.25% |
Fees are negotiable.