Lifetime Financial (LFI) offers investment advice to clients by directing them to third-party money managers and alternative investment sponsors. LFI assists clients in selecting investment platforms that align with their financial goals and objectives. LFI also offers cash management platforms. LFI does not participate in wrap fee programs and tailors programs for each client.
Fee Structure
Lifetime Financial directs clients to third-party money managers, and LFI is compensated via a fee share from those managers. The fees shared are negotiable.
For clients directed to Synergy Asset Management LLC, the total annual fee is:
- $0 - $1,000,000: 1.85% (LFI's fee is 1.25%, Synergy's fee is 0.60%)
- $1,000,001 - $3,000,000: 1.50% (LFI's fee is 1.00%, Synergy's fee is 0.50%)
- $3,000,001 and up: 1.40% (LFI's fee is 1.00%, Synergy's fee is 0.40%)
Clients also pay a $30 annual technology fee per open account, billed quarterly.
For clients directed to Turner Capital Investments, LLC, the minimum requirement is $100,000. The annual fee is 1.00% for all assets. Turner also charges a subadvisory fee:
- $0 - $2,500,000: 1.00% annually
- $2,500,001 - $5,000,000: 0.75% annually
- Amounts over $5,000,001: 0.50% annually
For 3(38) Investment Manager services, the annual fee is:
- Less than $1,000,000: 1.25%
- $1,000,000 - $2,999,999: 1.00%
- $3,000,000 - $7,499,999: 0.75%
- $7,500,000 +: 0.65%
For the Cash Management Platform, the annual fee is 0.50% of all assets. This fee is negotiable.