RedBlack Advisers offers RedBlack Managed Services, a wealth management platform for registered investment advisors. This platform streamlines operations like billing, reporting, and custodial relationships, while also providing trading and rebalancing services. RedBlack Advisers does not have direct relationships with the end clients of these advisors and relies on the advisors to determine investment objectives and suitability.
Fee Structure
RedBlack Advisers provides billing services for registered investment advisors using their platform. The fees for RedBlack Managed Services typically range from 0.04% to 0.75% per year, based on the assets managed and the model selected. These fees are generally charged monthly, in advance. The fees may also include an implementation fee for converting historical account data and a technology fee. Some firms may have a periodic minimum fee. Fees for models with strategists may be shared with those strategists.