Baystate Wealth Management (BWM), also known as Mariner, offers investment management services to individuals, corporate pensions, and other entities. BWM works with MML Investor Services LLC to manage client assets based on their individual risk profiles and goals. BWM primarily uses ETFs, ETNs, index funds, mutual funds, bond funds, and individual fixed-income securities. BWM also offers wrap fee programs where investment advisory, brokerage, custody, and reporting services are bundled for a single fee.
Fee Structure
BWM charges a fee based on the value of your portfolio. The exact fee is negotiable and can vary depending on factors like the amount you invest, the complexity of your situation, and the services you need. The fee will not exceed 1.75% of the assets they manage. Similar clients could pay different fees. BWM has two different methods of charging fees to Clients. One method is that the Client is charged a fee for asset management and the Client pays the commissions and other trading costs associated with the account. The other method is for the Client to be charged an overall fee that includes the costs for commissions and other trading costs. This fee arrangement is known as “Advisory Fee One.”