Witter & Lester offers continuous investment supervisory services. They work with clients to identify investment goals, timeframes, and risk tolerance to develop a portfolio allocation strategy. For discretionary accounts, Witter & Lester has the authority to determine the specific securities to be bought or sold without explicit client consent. Clients may choose a specific investment program offered by Witter & Lester.
Fee Structure
Witter & Lester charges up to 2% annually based on the market value of your account. This fee is billed quarterly. The fees may be negotiable. There are different fee schedules for fixed income securities (0.125% per quarter), equity securities (0.25% per quarter), and a 10/10 program (0.10% in money market accounts and 0.5% in equity investments per quarter, or 1.25% annually).