“Wrap-fee” means that you will pay a single, annual fee (assessed monthly in arrears) for the services provided by the Program, as opposed to purchasing and paying for the services separately. The Program is a mutual fund wrap-fee program. Lastly is the year-to-date rate of return.Īccording to the packet of information received upon opening the account the following fees are charged to your account:Īnnual Advisory Fee – this is based on how often you use their advisory service. They also let you know the change in Net Value Asset so you can calculate the daily value of your account. They let you know the Net Asset Value – which is the price that you can redeem your shares – should you choose to do so. It is updated daily on their website under the Fund Information tab. It’s easy to follow Fund Pricing as well. The Freedom 20 Portfolio and Freedom 20 Tax Aware Portfolio are the most conservative, and the Freedom 100 Aggressive Equity The ten models represent various levels of risk and potential return. Each client in the program will be invested in a portfolio of mutual funds designed around one of To meet your investment objectives, the firm offers ten asset allocation models designed by Lockwood.Īsset allocation is the process of apportioning investment funds across several categories of assets in an effort to maximize The Primerica invests only in mutual funds selected by Lockwood (the “Program Funds”) from mutual fund families chosen by For people who do not have a background in finance this is important. Their Quarterly Statements are extremely detailed and easy to read and understand. Their eServices is great as well - you receive notifications for everything on your account. You are able to view the following on the website: view transaction details, statements, account balances, investment allocations, fund pricing, view tax forms and process financial transactions. It is important to be able to reach a human being in the event you need help. There are a lot of customer service options should you have any questions regarding your account. In finance to understand what’s happening with their money. They make it easy for people who do not have a strong background The Primerica representatives know their facts: they make sure you leave your meetingįeeling educated and comfortable with your financial future. Primerica is described as a multi level marketing company that sells both insurance and financial services. Primerica IRA Review, ROTH IRA Fees (2024)
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