DDS Investment Management acts as a solicitor, referring potential clients to Financial Advisors at Morgan Stanley Smith Barney (MSSB) for investment advisory services. DDS does not provide investment advice, manage client assets, or participate in the day-to-day servicing of client accounts with MSSB. DDS receives a referral fee from MSSB for clients who establish an investment advisory account.
Fee Structure
DDS Investment Management does not manage client assets. They refer clients to Morgan Stanley Smith Barney (MSSB), who manages the investments. MSSB pays DDS a referral fee out of the investment advisory fee that clients pay to MSSB. The referral fee is a percentage of the investment advisory fee, and the amount varies depending on the investment program, the level of assets in the account, and the fee negotiated between the client and the MSSB Advisor.