Unlock Investments, based in Walnut Creek, California, provides investment advisory services, including reviewing client investment objectives, recommending asset allocation strategies, and preparing written investment strategies. The firm offers discretionary investment advisory services through managed account programs to high net worth individuals. Investment advice is tailored to meet clients’ needs and investment objectives.
Fee Structure
Unlock Investments charges fees based on your account's performance relative to a benchmark (50/50 combination of the S&P 500 and NASDAQ indices). Here's how it works:
- Negative returns, didn't beat the benchmark: No fees.
- Negative returns, beat the benchmark: 0.10% management fee.
- Positive returns, didn't beat the benchmark: 0.10% management fee + 15% performance fee.
- Positive returns, beat the benchmark: 0.10% management fee + 25% performance fee.
The management fee is 1.2% per year (charged as 0.10% monthly). There's also an annual performance fee of 25% on the increase in account value if your account reaches an all-time high on its anniversary date. These performance-based fees can only be charged to clients with over $1.1 million invested or a net worth of at least $2.2 million (excluding primary residence).