L.C. Bhandari & Co. (LCBC) provides global asset allocation services, primarily within variable life insurance policies, for institutional clients. LCBC allocates assets among mutual funds and similar instruments representing various market segments, such as US and non-US stocks and bonds, money market, real estate, and natural resources. Investment decisions are based on client-set objectives and benchmarks, with the client determining the available investment options.
Fee Structure
L.C. Bhandari & Co. charges a fixed annual fee and a variable annual fee based on the value of the assets they manage. The exact fees are negotiable, and there is no standard fee schedule. The fixed annual fee can be up to $50,000, and the variable annual fee can be up to 0.50% of the assets managed. For managing over $10 million within a variable life insurance policy, a typical fee would be $25,000 plus 0.25% of assets.