Shearson Financial Services is a registered investment advisor that offers financial planning and asset management services to individuals, high-net-worth individuals, and businesses. The firm operates primarily through sponsored programs with its clearing firm, RBC Correspondent Services, including the RBC Advisor Program, the RBC Unified Portfolio Program, and the Unbundled Managed Account Solutions Program. Shearson Financial Services helps clients develop investment strategies, asset allocations, and risk profiles, while utilizing third-party managers and model portfolios where appropriate. In addition to investment management, the firm provides financial planning services covering wealth preservation, income planning, individual retirement account exit strategies, and succession planning. Shearson Financial Services also engages in broker-dealer and insurance agency activities through its registered representatives and licensed agents.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $250K | 0.55% |
| $250K - $500K | 0.50% |
| $500K - $1.0M | 0.50% |
| $1.0M - $2.0M | 0.45% |
| $2.0M - $3.0M | 0.40% |
| $3.0M - $5.0M | 0.30% |
| $5.0M - $10.0M | 0.20% |
| $10M+ | 0.20% |
Rates reflect the RBC Advisor Program schedule. Other programs such as the RBC Unified Portfolio Program and Unbundled Managed Account Solutions Program have different schedules starting at higher rates (up to 1.50% and 1.85% respectively). Fees are negotiable for accounts over $10 million.