Advisory Business
REFERRAL OF THIRD-PARTY ADVISERS
We have entered into a collaborative arrangement with Asset Dedication, LLC (“Asset Dedication”), an independent adviser not affiliated with FIRM A. Through this arrangement we may recommend Asset Dedication’s investment strategies and services to client, when appropriate, based on each client’s individual needs.
We will describe the investment programs and strategies available from Asset Dedication that may be most beneficial and appropriate for the client. We will recommend Asset Dedication strategies only in relation to the client’s stated investment objectives and risk tolerance. The client may or may not enter into an agreement directly with Asset Dedication, who shall provide investment management services. We will serve as the communication conduit between the client and Asset Dedication. We shall be available to answer questions that the clients may have regarding their account. Prior to the introduction of a prospective client to Asset Dedication, we collect financial and demographic information, and will assist the client in identifying their financial objectives. We will also keep the client’s financial plan current so as to meet the ongoing needs of the client. In the event that the client does not timely update their financial plan we may be required to resign the agreement. Asset Dedication periodically delivers up-to—date program descriptions for use by FIRM A. Asset Dedication will generally have discretionary authority to determine the securities to be purchased and sold for the client’s accounts managed by Asset Dedication. Asset Dedication also provides operational support to FIRM A for the efficient delivery of and reporting of portfolio management services.
Clients are advised that there may be other third-party managed programs that may be suitable to the client that may be more or less costly. No guarantees can be made that client’s financial goals or objectives will be achieved. Further, no guarantees of performance can be offered. Investments involve risk, including the possible loss of principal.
Client should obtain and read Asset Dedication’s Disclosure Brochure (ADV Part 2) for a complete description of their service, fee schedules and account minimums. A Disclosure Brochure will be provided to clients at the time an agreement for services is executed and account is established.
Fees and Compensation
REFERRAL OF THIRD-PARTY ADVISERS
Asset Dedication and FIRM A both charge an asset based fee on the accounts managed collaboratively by Asset Dedication and FIRM A. The fee charged by Asset Dedication shall not exceed an annual fee of 0.35% of the total assets managed by Asset Dedication. FIRM A may allocate a portion of the client’s fee to Asset Dedication as sub-advisor, or Asset Dedication may enter into a separate/secondary fee arrangement directly with the client when acting as sub-advisor.