Shearson Financial Services provides financial planning and asset management services to individuals, high net worth individuals, and businesses. Financial planning covers areas like wealth preservation, income planning, and IRA exit strategies. Asset management is offered through programs sponsored by RBC, including Advisor Program, Unified Portfolio Program, and Unbundled Managed Account Solutions. Shearson does not take custody of client funds.
Assets Under Management$0
ClientsN/A
Advisors3
Avg. per ClientN/A
Avg. per Advisor$0
Fee Structure
Minimum Investment:$25K
Planning is included in investment management (also available separately)
Shearson Financial Services offers investment management through RBC's programs. Fees are based on the amount of your portfolio and are charged quarterly.
RBC Advisor Program:
- $25,000 to $250,000: 0.55% per year
- $250,001 to $500,000: 0.50% per year
- $500,001 to $1 million: 0.50% per year
- $1,000,001 to $2 million: 0.45% per year
- $2,000,001 to $3 million: 0.40% per year
- $3,000,001 to $5 million: 0.30% per year
- $5,000,001 to $10 million: 0.20% per year
- Over $10 million: negotiable
RBC Unified Portfolio Program:
- $100,000 to $250,000: 1.50% per year
- $250,001 to $500,000: 1.40% per year
- $500,001 to $1 million: 1.30% per year
- $1,000,001 to $2 million: 1.25% per year
- $2,000,001 to $3 million: 1.15% per year
- $3,000,001 to $5 million: 1.10% per year
- $5,000,001 to $10 million: 1.05% per year
- Over $10 million: negotiable
Unbundled Managed Account Solutions Program:
- $250,001 to $500,000: 1.55% to 1.85% per year (depending on the percentage of funds in separately managed accounts)
- $500,001 to $1 million: 1.30% per year
- $1,000,001 to $2 million: 1.25% per year
- $2,000,001 to $3 million: 1.15% per year
- $3,000,001 to $5 million: 1.10% per year
- $5,000,001 to $10 million: 1.05% per year
- Over $10 million: negotiable
Loading...