Masters Program
The Masters Program brings institutional-level money management to retail clients, allowing investors to combine their financial advisors’ personalized guidance with world-class portfolio management. This program includes:
- Expansive selection of institutional managers and portfolio strategies.
- Ongoing, active portfolio management.
- Regular tracking through monthly statements, as well as quarterly and annual performance reports.
The fees for the Masters program are assessed quarterly in advance. The fees include Advisory services, performance measurement, transaction costs, custody services and trading. The fee schedule, which is negotiable, is based on account size and an assumed active equity portfolio. There is a minimum fee of $375 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 $100,000.
First Clearing, LLC and Wells Fargo Advisors, LLC are separate registered broker dealers and non-bank affiliates of Wells Fargo & Company.