A managed account is an investment account that is owned by an individual investor and overseen by a hired professional money manager. Managed accounts are personalized investment portfolios tailored to the specific needs of the account holder. A managed account may hold assets, cash or alternative investments for the benefit of the client. The manager may buy and sell assets without the client’s prior approval, as long as the manager acts according to the client’s objectives. Because a managed account involves fiduciary duty, the manager must act in the best interest of the client, or potentially face civil or criminal penalties.
Here at Clover Leaf Financial LLC, we believe in transparency. So to keep with that, here is our fee schedule. The fee is based on all assets in a household, not each account size. Contact us to hear more.
|Total Assets Under Management||Annual Fee|
|$100,000 - $249,999||1.50%|
|$250,000 - $499,999||1.25%|
|$500,000 - $999,999||1.00%|
|$1,000,000 - $4,999,999||0.75%|
|$5,000,000 - AND UP||0.50%|