Massey Morgan Wealth Management refers clients to third-party money managers. They determine financial objectives, identify financial problems, manage cash flow, and provide tax and retirement planning. Massey Morgan acts as a liaison between the client and the third-party money manager, helping with paperwork, providing ongoing services, and reviewing quarterly statements. Clients are billed according to the third-party money manager's fee schedule.
Fee Structure
Massey Morgan Wealth Management refers clients to Gradient Investments, LLC, who manages investment portfolios. The client will not pay additional advisory fees to the third-party money manager for these services. Massey Morgan receives a portion of the advisory fees charged by Gradient Investments. Here are the annual fees for different portfolio types:
- Strategic Portfolios: 2.00% total (1.00% to Gradient Investments, 1.00% to Massey Morgan)
- Tactical Portfolios: 1.80% total (0.80% to Gradient Investments, 1.00% to Massey Morgan). Gradient Investments also receives an annual fee of 0.20% from the ETF.
- Allocation & Defined Outcome Portfolios: 1.70% total (0.70% to Gradient Investments, 1.00% to Massey Morgan)
- Preservation Portfolios: 1.00% total (0.40% to Gradient Investments, 0.60% to Massey Morgan)
- Private Wealth Portfolios: 1.50% total (0.50% to Gradient Investments, 1.00% to Massey Morgan)
A quarterly technology fee of $15 is charged per account or investment strategy. These fees are negotiable.