Founders Financial Securities (FFS) provides investment advisory services through its Investment Adviser Representatives (IARs). FFS doesn't dictate investment philosophies; instead, IARs tailor strategies to individual client needs. Services include ongoing investment advice, portfolio management, and recommendations for third-party money managers. IARs also offer financial, retirement, and estate planning advice. FFS and its IARs have a legal duty to act in your best interest.
Fee Structure
FFS offers several investment management programs. Fees are determined separately for each account and are negotiable, based on factors like assets under management, account structure, and services provided. Fees are generally a percentage of assets under management and can be charged quarterly or monthly, in advance or arrears.
Independence Advisory accounts typically do not exceed 2.50% annually. The Managed Portfolio Program has a fee of 1.65% annually. FCMS Private Wealth Solutions fees do not exceed 1.70% of the first $1,000,000 and 1.40% thereafter, annually. Nationwide Variable Annuity fees do not exceed 1.50% annually.
Some programs have minimum account balances and additional custodial fees that could result in an effective rate greater than the stated percentage.