First Eagle Separate Account Management (FESAM) manages investments for clients in wrap fee programs offered through brokers and banks, as well as for high-net-worth individuals. FESAM offers several investment strategies, including overseas ADR, global SMA, and various municipal bond strategies. FESAM does not provide legal or tax advice.
Fee Structure
FESAM manages investments through wrap fee programs and for high-net-worth individuals. Fees for wrap programs are negotiated with the program sponsor, not individual participants. For high-net-worth clients, fees are negotiated directly with the client. FESAM's annual fees vary depending on the investment strategy and contract type (dual, single, or UMA/model delivery). Minimum account sizes also vary by strategy.