Lifeguard Advisors offers investment advice, primarily focusing on variable annuities and life insurance products. They also recommend third-party managers to clients, acting as a liaison between the client and the third-party manager. Lifeguard Advisors monitors the performance of these managers to ensure they align with the client's investment goals. They receive referral fees from the third-party managers.
Fee Structure
Lifeguard Advisors manages variable annuities and life insurance products, charging up to 1% of the assets annually. The fee may be negotiable. They also recommend third-party managers. When using a third-party manager, the total annual fee ranges from 1.00% to 2.00% of assets, depending on the portfolio type. Lifeguard Advisors receives 1.00% or 0.60% of the fee, and the third-party manager receives the rest. For Client Directed Accounts, there is a flat fee of $300 annually, with $300 going to the third-party manager and $0 to Lifeguard Advisors.