Momentum Independent Network (MIN) is a broker-dealer and registered investment advisor. MIN offers various programs to help clients meet their investment goals, including financial planning and managed accounts. MIN assigns an Investment Advisor Representative (IAR) to each managed account. MIN also offers retirement plan services to employer-sponsored retirement plans and their participants.
Fee Structure
MIN offers several investment programs with fees based on the total value of your account. These fees cover services like access to an IAR, portfolio management, account statements, and custodial services. The fees do not cover the expenses of the investments themselves, such as ETFs or mutual funds. The specific fees vary depending on the program you choose and the types of investments in your account. Here's a summary of the maximum fees for some of the programs:
Aviator, Co-Pilot, and Navigator UMA Programs:
- Up to $249,999: 2.25% for individual securities accounts, 1.75% for mutual fund/ETF/UIT only accounts
- $250,000 – $499,999: 2.00% for individual securities accounts, 1.50% for mutual fund/ETF/UIT only accounts
- $500,000 – $999,999: 1.75% for individual securities accounts, 1.25% for mutual fund/ETF/UIT only accounts
- $1,000,000 and over: 1.50% for individual securities accounts, 1.00% for mutual fund/ETF/UIT only accounts
Passport Series SMA and Momentum Pathways UMA Programs:
- First $250,000: 2.90 – 3.00% for Equity/Balanced SMA Portfolios, 1.55 – 1.65% for Fixed Income SMA Portfolios
- Next $250,000: 2.40 – 2.50% for Equity/Balanced SMA Portfolios, 1.40 – 1.50% for Fixed Income SMA Portfolios
- Next $500,000: 2.15 – 2.25% for Equity/Balanced SMA Portfolios, 1.25 – 1.35% for Fixed Income SMA Portfolios
- Next $4,000,000: 1.90 – 2.00% for Equity/Balanced SMA Portfolios, 1.05 – 1.15% for Fixed Income SMA Portfolios
- Over $5,000,000: 1.75 – 1.85% for Equity/Balanced SMA Portfolios, 0.90 – 1.00% for Fixed Income SMA Portfolios
Gateway Fund Strategist Portfolios:
- Up to $249,999: 3.00% for ETF/Equity/Balanced Portfolios, 1.65% for Fixed Income Portfolios, 1.75% for Mutual Funds
- $250,000 – $499,999: 2.50% for ETF/Equity/Balanced Portfolios, 1.50% for Fixed Income Portfolios, 1.50% for Mutual Funds
- $500,000 – $999,999: 2.00% for ETF/Equity/Balanced Portfolios, 1.35% for Fixed Income Portfolios, 1.25% for Mutual Funds
- $1,000,000 and up: 1.85% for ETF/Equity/Balanced Portfolios, 1.15% for Fixed Income Portfolios, 1.10% for Mutual Funds
Compass UMA Program:
- $0 - $250,000: 3.00%
- $250,000 - $500,000: 2.50%
- $500,000 - $1,000,000: 2.25%
- $1,000,000 - $4,000,000: 2.00%
- Over $4,000,000: 1.85%
Endeavor Program:
- Up to $249,999: 1.75%
- $250,000 - $499,999.99: 1.50%
- $500,000 - $999,999.99: 1.25%
- $1,000,000+: 1.00%
Explorer Program:
- $0 - $249,999: 3.00% for ETF/Equity/Balanced Portfolios, 1.65% for Fixed Income Portfolios, 1.75% for Mutual Fund Portfolio
- $250,000 - 499,999: 2.50% for ETF/Equity/Balanced Portfolios, 1.50% for Fixed Income Portfolios, 1.50% for Mutual Fund Portfolio
- $500,000 - 999,999: 2.00% for ETF/Equity/Balanced Portfolios, 1.35% for Fixed Income Portfolios, 1.25% for Mutual Fund Portfolio
- $1,000,000 and up: 1.85% for ETF/Equity/Balanced Portfolios, 1.15% for Fixed Income Portfolios, 1.10% for Mutual Fund Portfolio
These fees are negotiable and may vary based on factors like account value and the services provided.