USA Financial Exchange offers operational support and a turnkey asset management program (TAMP) to independent registered investment advisors. This allows advisors to manage client assets through a single platform with access to various money managers. USA Financial Exchange selects and monitors these money managers, but the individual investment advisors are responsible for ensuring investments are suitable and in the client's best interest. USA Financial Exchange does not provide investment advice directly to clients.
Fee Structure
USA Financial Exchange does not provide investment advice directly to individual clients. Instead, it offers a platform for independent investment advisors to manage client assets. The overall fee you pay includes:
- Platform Fee: A tiered fee based on the assets in your account, with a maximum of 0.25%.
- Advisor as Portfolio Manager (APM) Fee: A 0.10% fee for assets managed separately within your account.
- Strategy Fee: A fee charged by the third-party money managers (subadvisers) on the platform, typically ranging from 0.35% to 1%.
- Portfolio Fee: An advisory fee charged by your investment advisor for their services, with a maximum of 1.5%.
- Custodian Fee: Fees charged by the account custodian.
The maximum total fee on the platform is 2.7% plus custodial and transaction fees. Your investment advisor should disclose all relevant fees and charges to you.