Neil E. Burns, LLC acts as a solicitor, directing clients to third-party investment managers, specifically UBS, to handle their portfolios. Neil E. Burns, LLC does not directly manage investments, provide ongoing performance reviews of the third-party managers, or have trading authority over client accounts. Instead, Neil E. Burns, LLC earns compensation through a fee-sharing arrangement with the third-party managers to which clients are referred. The firm serves individuals and high-net-worth individuals with no account minimums required. Additionally, the principal owner operates an accounting practice, offering clients potential access to related accounting services.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $5.0M | 1.25% |
| $5.0M - $10.0M | 1.00% |
| $10M+ | 1.00% |
Fees are negotiable. Total fee ranges from 1.25% down to 0.65% for very large accounts, with Neil E. Burns, LLC receiving one-quarter of the fee and UBS receiving three-quarters.