MissionSquare Wealth Management sponsors MissionSquare Digital Adviser, which is an online digital wrap fee program. Through this program, clients gain access to model advice portfolios developed and overseen by the firm's affiliated investment manager, MissionSquare Investments. The program utilizes a risk tolerance questionnaire to recommend one of five model advice portfolios for the client's account. Accounts are typically rebalanced on a quarterly basis or when allocations fall outside established parameters. Clients are assigned an investment advisor representative to assist with account requests and answer questions, though representatives do not recommend individual investments or model portfolios. The program uses exchange-traded funds and maintains approximately 1% of the account in cash, which is excluded from the wrap fee and participated in a cash sweep program. The program is designed for clients with investment horizons greater than one year.
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 0.30% |
The wrap fee is a flat 0.30% annually, charged quarterly in arrears. Cash portions of the account are excluded from the fee. The fee is non-negotiable, though the firm may waive all or a portion in its sole discretion.