Principal Securities offers direct advisory programs that connect individual clients with third-party money managers and asset allocation models. Through its network of financial advisors, the firm assists clients in evaluating their financial objectives, determining risk tolerance, and selecting appropriate portfolio management programs or asset allocation strategies. Principal Securities operates through both investment adviser and promoter arrangements, where portfolios are managed on a discretionary basis by third-party managers while local financial advisors provide ongoing monitoring and annual reviews. In addition to advisory services, Principal Securities operates as a registered broker-dealer, offering a broad range of financial products including mutual funds, variable annuities, and insurance contracts. The firm serves individuals, retirement plans, trusts, estates, and charitable organizations.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $150K | 1.75% |
| $150K - $250K | 1.75% |
| $250K - $500K | 1.75% |
| $500K - $1000K | 1.20% |
| $1M+ | 1.10% |
Fees are negotiable and collected quarterly in arrears. Schedule reflects the SEI Managed Account Solutions program maximum fees. Other programs utilize promoter fees ranging from 0.07% to 1.50% or asset-based fees up to 1.95%.
