Sapient Advisors refers clients to third-party money managers like Eqis Capital Management for investment management services. Sapient helps clients determine their risk tolerance and investment objectives and recommends third-party managers accordingly. Clients enter into agreements directly with the third-party managers, who have the authority to make trades. Sapient acts as a communication link between the client and the third-party manager. Sapient has a conflict of interest because it only recommends managers who pay them a portion of the fee.
Fee Structure
Sapient Advisors does not directly manage your investments. Instead, they refer you to third-party money managers. The fees charged by these managers range from 0.4% to 1.5% of your portfolio, depending on the specific manager and program you choose. These fees cover investment advice, trading, and other services. Sapient Advisors receives a portion of this fee as a referral fee.