GWM has added a new outstanding Asset Custodian. FOLIOfn offers
unparalleled features and services for financial advisors and their clients. One of the biggest advantages is a very cost effective flat rate service fee as opposed to per transaction commission charges. This allows us take the cost of individual transactions out of the equation. As you are well aware commissions can and do add up. The flat rate is just 1/4 of one percent annually. The fee is deducted directly from your individual accounts, so there is no need to write a check or pay with a credit card. Without having to worry about the constraints of commission based transactions I can better diversify client accounts, enhancing both safety and opportunity.
Additionally, all account statements, confirms, tax reports, etc. are securely stored in your own FOLIOfn website electronic file cabinet. This effectively stops all that paper from being delivered to your mail box at home where you would have to sort and file it. Furthermore, with proper authorization, GWM can vote your proxies for you, relieving you of this burden as well.
Click the FolioClient icon below to see what their website looks like.
The minimum fee is $250, so
FOLIOfn in not appropriate for accounts under $50,000.
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