Partners Capital Services (PCS) offers continuous asset management based on individual client needs. PCS develops a personal investment policy through discussions to establish goals and objectives. PCS manages accounts on a discretionary and non-discretionary basis, considering factors like risk tolerance and tax implications. PCS reviews portfolios periodically and rebalances annually as needed. Investment recommendations may include various securities, and PCS may use third-party managers or sub-advisers.
Fee Structure
Partners Capital Services uses RBC Clearing and Custody for portfolio management. Fees for investment supervisory services range from 0.75% to 2.50% annually, based on assets managed, services provided, and whether a third party manages the portfolio. Fees are deducted directly from the client's account quarterly or billed quarterly. A portion of the fee goes to RBC or the sub-advisor. Accounts may incur annual fees from the broker-dealer if they don't meet the fee waiver threshold, and some accounts may incur per-trade ticket charges. The suggested minimum account size is $5,000 for individual portfolio management and $100,000 for portfolio management services with a third party.