Advisors Asset Management refers clients to third-party money managers like Gradient Investments, acting as a liaison between the client and the manager. They help with paperwork, provide ongoing service, update client information, and review statements. Advisors Asset Management also offers financial planning services, covering cash flow, risk management, estate preservation, investment planning, tax reduction, net worth statements, and retirement strategy.
Fee Structure
Advisors Asset Management refers clients to third-party money managers, primarily Gradient Investments. Gradient Investments charges a percentage of the assets they manage. Advisors Asset Management receives a portion of this fee as a referral fee. The fee ranges are:
- Strategic Portfolios: 2.00% per year
- Tactical Portfolios: 1.80% per year
- Allocation & Defined Outcome Portfolios: 1.70% per year
- Preservation Portfolios: 1.00% per year
- Private Wealth Portfolios: 1.50% per year
These fees are negotiable and assessed quarterly. There is also a $15 quarterly technology fee.