MissionSquare Wealth Management offers two wrap fee programs: MissionSquare Digital Adviser and the Unified Managed Account (UMA) Program. These programs provide access to model portfolios developed by MissionSquare Investments. Clients pay a single wrap fee covering advice, portfolio management, custody, transaction execution, and administrative services. The Digital Adviser is an online tool recommending a single model portfolio based on risk profile. The UMA Program allows investment in multiple model portfolios and a cash management strategy, with guidance from an Investment Advisor Representative (IAR).
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $100K | 0.70% |
| $100K - $500K | 0.65% |
| $500K - $1.0M | 0.60% |
| $1M+ | 0.55% |
This fee schedule is for the Unified Managed Account (UMA) Program. The Digital Adviser program has a flat fee of 0.40%. Fees are non-negotiable, but may be aggregated across household accounts. Up to 1% of your account will be held in a cash sweep vehicle and excluded from the wrap fee.