Advisor Solutions /Wealth Management / Manage Portfolios Yourself

Manage Portfolios Yourself

More Control Over Client Solutions

With our Preferred Portfolio Services® (PPS) Custom advisory program, you act as portfolio manager and have full investment discretion over client accounts.

PPS Custom is available through one of two programs:

  • PPS Custom (Transactions): With this program, trading costs, including ticket charges and service fees, are charged per transaction and payable by you or your clients on an account-by-account basis. For a complete transaction schedule, click here.

  • PPS Custom (Platform): With this solution, trading costs and the annual IRA maintenance fee are covered by an asset-based platform fee and payable by you or your clients on an account-by-account basis.

PPS Custom Platform Fee Schedule

With this option, the asset-based platform fee covers trading costs and the annual IRA maintenance cost. The fee starts at 5.0 bps, is on a sliding scale blending down, and is calculated based on the household value of PPS Custom platform assets. This fee is charged to the client or subsidized by you.

...
Household AssetsPlatform Fee (bps)¹
First $250,0005.0
Next $250,0004.0
Next $500,0003.0
Next $1,500,0002.0
Above $2,500,0001.0

¹ The fee is household-based and calculated on a blended basis, with a minimum annual account fee of $100.

Additional charges may apply:

  • A $1 fee per options contract will be charged, payable by you or your clients.
  • Transaction charges of $15 for buys and sells and a maximum of $3 for periodic investment plans (PIPs) and systematic withdrawal plans (SWPs) will apply in the following mutual fund families: Dimensional Fund Advisors, Dodge & Cox, and Vanguard.
  • A $20 annual paper document fee ($5 per quarter) per account will be charged to offset costs associated with mailings of trade confirmations and statements. The party paying the platform fee (advisor or client) is also responsible for paying the $5 quarterly fee unless the client signs up for e-notification (e-delivery) for both trade confirmations and statements, in which case the fee will be waived. For the fee waiver to apply, accounts must be set up for e-delivery by the last day of the prior quarter.

PPS Custom Variable and Fixed-Indexed Annuities 

You can also use fee-based variable and fixed-indexed annuities within the PPS Custom program to deliver features such as downside protection, tax-deferred earnings growth, and lifetime income guarantees. Commonwealth has developed relationships with many providers, giving you many products to choose from. 

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As the annuity landscape becomes more robust and transparent, we will continue to offer innovative solutions as they come to market. 

Minimum Account Size: $25,000

Client Management Fee: This is set by the advisor, up to a maximum of 2.25 percent, and subject to program guidelines.

Select from a range of investment programs to help you simplify and scale your business.

Delegate Portfolio Management