For many advisors, investment management is a significant part of the value they provide to their clients. Triad recognizes that both investors and advisors vary greatly in their circumstances and styles. One size certainly does not fit all. This is why four distinct advisor-managed accounts are available: Summit, Pinnacle, Apex and Crown. Each offers optimal flexibility to meet a client’s investment objectives. Advisors have maximum portfolio management capabilities and determine their own advisory fees on a per account basis. Each of these accounts can be initially funded with cash and/or securities. Please reference the Advisor Managed Account Matrix for greater details. Triad’s consultative Advisory Services team will help clarify account differentiators and the appropriate use of each.
Summit & Pinnacle
The Summit and Pinnacle are “wrap” accounts. In these structures, the client generally pays a single investment advisory fee without individual transaction costs. The Summit has a $50,000 minimum asset requirement and is a “mutual fund wrap” account. This is ideal for those accounts primarily invested in mutual funds. The client will not pay any transaction costs for mutual fund trades. For convenience, individual securities may also be traded with a discounted transaction cost to the client on a per trade basis. The Pinnacle has a $150,000 minimum asset requirement and is a “pure wrap” account. The client does not pay transaction costs for any trades including mutual fund, equity, ETF or fixed income.
Apex & Crown
The Apex and Crown are “fee plus transaction cost” accounts. In these structures, the client’s total fee includes the advisory fee and discounted transaction costs on a per trade basis for all security types. There is no minimum asset requirement for either structure.
Key features of our Advisor Managed Accounts:
- All fee billing and debiting handled by Triad’s back-office
- Choose your RIA platform. You can either use your own RIA or Triad’s Corporate RIA.
- For advisors with their own RIA, we generally pay out 100% of the advisor’s fee
- Investment Advisory Agreements supplied by Triad at no additional cost
- No ticket charges to the advisor
If you would like to receive additional information on Triad’s fee-based accounts, please call 800-720-4003.