Portfolio Management

Many broker-dealers are recognizing that a combination of commission- and fee-based services is becoming the standard for successful asset gathering. Fee-based services popularized by the major wirehouses have become an important tool in attracting higher-net-worth clients. Portfolio management programs in particular enable broker-dealers to offer objective investment advisory services that typically result in long-term relationships and more cross-sell opportunities.

Penson Financial supports a variety of fee-based products including, discretionary and non-discretionary mutual fund wrap accounts and separate (money manager wrap) accounts. Our turnkey Advantage Portfolio Management Program incorporates trading, custody, performance reporting, and administration in a web-based format. Mutual funds are screened and selected from our extensive universe of major fund families. Portfolio managers also undergo a thorough due diligence process to be included in our managed account roster.