Santander Securities LLC provides investment advisory services through various wrap fee programs, including Fund Strategist Portfolios, Unified Managed Accounts, and Separately Managed Accounts, utilizing the Fidelity Managed Account Xchange platform. Financial advisors assist clients with profiling, risk tolerance, and investment strategy recommendations, while third-party investment managers maintain discretion over portfolio implementation. In addition to investment management, Santander Securities offers goal-based financial planning using third-party software at no separate fee, as well as securities-based consumer lending and tax-overlay services. The firm acts as both a registered investment advisor and a broker-dealer, introducing accounts to National Financial Services as clearing broker and custodian, and maintains affiliations with banking entities such as Santander Bank.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $50K | 1.30% |
| $50K - $250K | 1.30% |
| $250K - $500K | 1.25% |
| $500K - $1000K | 1.20% |
| $1.0M - $2.0M | 1.15% |
| $2.0M - $3.0M | 1.10% |
| $3.0M - $5.0M | 1.08% |
| $5.0M - $10.0M | 1.03% |
| $10M+ | 0.94% |
Rates shown are the primary Fund Strategist Programs Standard Rate schedule. Other programs such as Separately Managed Accounts and Unified Managed Accounts have separate fee schedules ranging from 0.70% to 1.40%. Fees may be negotiated on a case-by-case basis. Manager fees (0.15% to 1.00%) are charged separately.