Diversified Managed Allocations (DMA)

The Diversified Managed Allocation program helps affluent investors pursue their goals by combining the financial advisor’s investment strategy and wealth management plan with First Clearing’s Manager Strategy Group and some of the nation’s best known private investment managers. This program includes:

  • Multiple institutional money managers for one account.
  • Diversification through Optimal Blends.
  • Access to the Manager Strategy Group’s due diligence and portfolio model construction experience.
  • Multiple investment objectives addressed within one account.

The fees for the Diversified Managed Allocations (DMA) program are assessed quarterly in advance. The fees include Advisory services, performance measurement, transaction costs, custody services and trading. The fees do not cover the fees and expenses of any underlying mutual funds in the portfolio. The fee schedule, which is negotiable, is based on account size and an assumed active equity portfolio. There is a minimum client fee requirement of $500 per calendar quarter to maintain this type of account. Advisory programs are not designed for excessively traded or inactive accounts and may not be suitable for all investors. Please carefully review the Wells Fargo Advisors advisory disclosure document for a full description of our services, including fees and expenses. The minimum account size for this program is $150,000.

First Clearing, LLC and Wells Fargo Advisors, LLC are separate registered broker dealers and non-bank affiliates of Wells Fargo & Company.