Perry D. Reed & Company, P.C. is a certified public accounting firm that also acts as a solicitor, referring clients to investment firms like Stifel, Nicolaus & Company, Wells Fargo Advisors, and Morgan Stanley. Perry D. Reed & Company, P.C. receives a portion of the fees paid by referred clients to these investment firms. The firm also provides tax consulting, planning, preparation, and filing services.
Fee Structure
Perry D. Reed & Company, P.C. does not directly manage investments. Instead, it refers clients to other investment firms and receives a portion of the fees those firms charge. As a solicitor for Stifel, Nicolaus & Company, Perry D. Reed & Company, P.C. receives 0.25% of the gross branch revenue of the manager. The fee schedule for Stifel, Nicolaus & Company is as follows:
- 1.25% on assets for the first $500,000
- 1.00% on assets for the second $500,000
- 0.75% on assets for the next $4 million
- 0.60% on assets for balances over $5 million.
For Wells Fargo Advisors, LLC accounts, Perry D. Reed & Company, P.C. receives 20% of the fees paid to Wells Fargo for old AG Edwards & Sons, Incorporated accounts and 25% for new Wells Fargo accounts. For Morgan Stanley, LLC accounts, Perry D. Reed & Company, P.C. receives 25% of the fees paid to Morgan Stanley, LLC.