Sanford & Company is a Certified Public Accounting firm that refers its clients to Morgan Stanley for financial planning and investment management services. Sanford & Company receives a portion of the advisory fees that Morgan Stanley charges its clients. Sanford & Company does not manage client funds or have custody of client assets.
Sanford & Company does not charge management fees directly. Instead, Sanford & Company receives a referral fee from Morgan Stanley based on the amount of your assets managed by Morgan Stanley. This referral fee is generally 25% of the advisory fee that Morgan Stanley charges you.