Clarfeld Financial Advisors offers investment advisory services, including managing investments for clients. They establish a long-term asset allocation based on each client's goals and cash flow needs. Clarfeld can select any investment manager, as long as there is no conflict of interest. They may also recommend the services of Citizens Bank, N.A. for banking, financial planning, estate planning, and tax services. Clients are responsible for notifying Clarfeld of any changes in their financial situation or investment objectives.
Fee Structure
Clarfeld Financial Advisors' investment advisory fee is based on a percentage of the market value of your investments, the scope of services, and the type of assets managed. The fee schedule is negotiable and generally ranges between 0.10% and 2.0%. This can be a percentage of the total assets managed, a tiered percentage, or a flat fee.
For investments allocated only to the Taxable and/or Tax-Exempt bond strategies, a separate fee schedule applies:
- First $10 million — 0.40% per year
- Next $10 million — 0.35% per year
- Next $15 million — 0.25% per year
- Next $15 million — 0.20% per year
- Over $50 million — 0.10% per year
If a portion of your portfolio is managed within the Large Cap Strategy, there is an additional fee of 0.20% per year. For the Liquidity Management Strategy, the fee is between 0.05% and 0.25% per year.