Franklin, Parlapiano, Turner & Welch (FPTW) provides asset management services through its Managed Account Program. This includes pre- and post-retirement distribution strategies, college planning, multigenerational wealth management, and retirement planning. FPTW designs investment models based on a client’s risk profile and customizes portfolio allocations. Clients must open an account at Fidelity and generally maintain a minimum account size of $3,000,000 to qualify for the wrap-fee program, though this may be waived at FPTW's discretion.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 1.25% |
| $1.0M - $2.0M | 0.70% |
| $2.0M - $3.0M | 0.65% |
| $3.0M - $6.0M | 0.60% |
| $6.0M - $8.0M | 0.50% |
| $8.0M - $12.0M | 0.40% |
| $12M+ | 0.25% |
Managed Account Program fees may be negotiable. FPTW may combine accounts for fee schedule purposes. FPTW has "Courtesy Accounts" that we have opened for family members of Managed Account Program clients; however, FPTW neither actively manages these courtesy accounts nor receives fees from them.