AFS Investments offers ongoing investment management, financial planning, and retirement plan consulting. For investment management, clients can choose to give AFS full authority to make trades (discretionary) or approve each trade beforehand (non-discretionary). AFS also monitors self-directed accounts and offers a portfolio monitoring program. Financial planning covers areas like retirement, estate, and investment planning. Retirement plan consulting is offered to businesses.
Fee Structure
AFS Investments manages investments for clients, charging a percentage of the assets managed each year. The exact percentage depends on the amount of assets managed and the type of account (discretionary or non-discretionary).
For non-qualified accounts:
- Discretionary ("Bottoms Up"): Fees range from 1.50% on the first $1 million to 0.30% for assets between $25 million and $39.99 million. Fees are negotiable for amounts over $40 million.
- Discretionary ("Top Down"): Fees range from 1.00% on the first $5 million to 0.30% for assets between $25 million and $39.99 million. Fees are negotiable for amounts over $40 million.
- Non-Discretionary: Fees range from 1.00% on the first $5 million to 0.30% for assets between $25 million and $39.99 million. Fees are negotiable for amounts over $40 million.
For qualified accounts:
- Discretionary (Service Level 3): Fees range from 1.00% on the first $5 million to 0.25% for assets between $25 million and $39.99 million. Fees are negotiable for amounts over $40 million.
- Discretionary (Service Level 2): Fees range from 0.75% on the first $5 million to 0.25% for assets between $25 million and $39.99 million. Fees are negotiable for amounts over $40 million.
- Non-Discretionary (Service Level 1): Fees range from 0.50% on the first $10 million to 0.25% for assets between $25 million and $39.99 million. Fees are negotiable for amounts over $40 million.
Self-directed accounts have a $500 annual fee, which is waived if other household accounts generate at least $500 in advisory fees.