LaTour Asset Management refers clients to third-party money managers (TPMs) and receives a portion of the advisory fees charged by the TPM. LaTour helps clients with paperwork, provides ongoing service, updates the TPM with client changes, and reviews quarterly statements. LaTour also offers financial planning services, including full financial plans and estate planning assistance. Full financial plans are offered at no additional fee to clients that utilize the services of a TPM.
Fee Structure
LaTour Asset Management does not directly manage your investments. Instead, they recommend third-party money managers. If you use one of their recommended managers, Gradient Investments, you'll pay a fee based on the value of your portfolio. LaTour receives a portion of this fee.
For Strategic, Tactical, Private Wealth, Allocation & Defined Outcome Portfolios, the annual fee is 1.50% of your portfolio. Gradient Investments receives 1.00% and LaTour receives 0.50%.
For Preservation Portfolios, the annual fee is 1.00% of your portfolio. Gradient Investments receives 0.60% and LaTour receives 0.40%.
For Client Directed Accounts, the annual fee is $300. Gradient Investments receives $300 and LaTour receives $0.
There is also a $15 quarterly service fee for performance and other reporting.