CEF Advisors is an investment advisory firm managing assets primarily through closed-end funds. CEF Advisors researches closed-end funds to meet client objectives, adjusting asset allocation as market conditions change. When needed, mutual funds, exchange-traded funds, or common stocks can be used. CEF Advisors does not offer financial planning services or insurance products. The firm also offers a data service, CEFData.com, for individuals and investment professionals.
Fee Structure
CEF Advisors charges a percentage of your portfolio each year, billed quarterly in advance. Here's how the fees break down, depending on the size of your account:
- Regular Client Billing:
- $2,000,000 - $5,000,000: 1.00% per year
- $5,000,001 - $10,000,000: 0.85% per year
- Over $10,000,000: 0.65% per year
- Small Account Billing:
- First $50,000: 2.50% per year
- Next $50,000: 2.25% per year
- $100,000 - $500,000: 2.00% per year
- $500,001 - $1,000,000: 1.75% per year
- $1,000,001 - $1,999,999: 1.25% per year
- Municipal Models Client Billing:
- Accounts $3,500,000 to $5,000,000: 0.50% per year
- Accounts over $5,000,000: 0.39% per year
- Minimum quarterly fee: $2,500
Fees may be negotiable in certain circumstances. The maximum fee allowed is 2.50% annualized of the account’s present value.