Save Advisers manages wrap fee programs where your deposits are held in FDIC-insured bank accounts. You waive the interest on these deposits, and Save Advisers uses that interest (called Bank Program Revenue) to purchase strategy-linked securities for your account. These securities are held at a qualified custodian, and you receive the investment returns when they mature. Save Advisers offers direct advisory programs for individuals and corporations, as well as sub-advisory programs for registered investment advisors.
Fee Structure
Save Advisers doesn't charge typical advisory or management fees. Instead, the programs are funded by the interest you waive on your deposits, which the bank pays directly to Save Advisers. This "Bank Program Revenue" is used to cover costs and purchase investments for your account.
For the Market Savings 2.0 program, there is a $25 monthly low balance fee if your average monthly balance falls below $10,000. For the Market Savings Term program, a minimum account balance of $10,000 is required at inception.
Platform fees are deducted from the Bank Program Revenue before investments are made. For direct advisory programs (Market Savings 2.0 and Corporate Market Savings), the platform fee is 0.30% per year. For the Market Savings Liquid sub-advisory program, the platform fee is 0.70% per year.