Money Concepts Advisory Service (MCAS) provides investment advice and financial planning. MCAS offers portfolio management through various programs, some using model portfolios or sub-advisers. MCAS also offers financial planning to help clients reach their financial goals, covering areas like retirement, education, and estate planning. Consulting services are also available for specific needs like retirement or estate planning. MCAS may recommend brokerage or insurance services.
Fee Structure
Money Concepts Advisory Service (MCAS) offers investment management services through various programs. Fees are typically a percentage of your portfolio and vary by program.
For the GPS programs, the fee is typically 2% per year, billed quarterly. There is usually a minimum quarterly fee of $62.50.
For the GPS – Retirement Plan Network, the fee is typically 1.3% per year, billed quarterly.
For the Variable Annuities program, the fees are:
- $10,000 to $49,999 — 1.8% per year
- $50,000 to $99,999 — 1.6% per year
- $100,000 to $499,999 — 1.5% per year
- $500,000 to $999,999 — 1.25% per year
- $1,000,000 and over — 1% per year
For the American Funds Class F-2 Shares program and the World Class Pension program, the fees are:
- $10,000 to $999,999 — 1.3% per year
- $1,000,000 to $2,999,999 — 1% per year
- $3,000,000 to $4,999,999 — 0.9% per year
- $5,000,000 to $9,999,999 — 0.75% per year
- $10,000,000 and over — 0.6% per year