ANNOVA LLC offers wrap fee programs designed to help clients identify their investment needs and obtain professional asset management for a single bundled fee. ANNOVA assists clients in determining their investment goals and objectives before recommending investment strategies and diversified portfolios. ANNOVA uses recommended brokers to manage client assets, but will accommodate client preferences to use Interactive Brokers LLC or other brokers as asset custodians. Clients are required to inform ANNOVA of any changes to their financial condition or investment restrictions at least annually.
Fee Structure
ANNOVA's Portfolio Management Account (PMA) program offers different investment portfolio strategies, each with a maximum annual fee rate:
- Strategic Portfolios: 2.00%
- Tactical Portfolios: 1.80%
- Allocation Portfolios: 1.70%
- Defined Outcome Portfolios: 1.70%
Fees, minimum account sizes, and services are negotiable and may be waived under certain circumstances.