Item 5 – Fees and Compensation
Investment Advisory Consulting Services
Partner Clients
SAA Advisors provides investment advisory consulting services, participant education and
fiduciary services to pension plans, insurance companies, governmental risk pools and related
entities on a non-discretionary basis. SAA Advisors offers a suite of investment advisory
consulting services to partner clients.
Our fixed fees are negotiable and range between $35,000 and $250,000 annually depending
on the scope and complexity of the services rendered. The actual fee will be determined
mutually at the outset of each relationship based on the expected amount of work required,
time involved, and the complexity of the engagement.
SAA Solutions
SAA Solutions is our guided service platform for insurance companies and governmental risk
pools with an investment portfolio under $25 million dollars.
Our fee is a fixed annual rate is $25,000 for assets up to $25,000,000 and is negotiable
depending on the scope and complexity of the services rendered. Our fees are negotiated in
advance with the client and the specific negotiated fee will be stated in the Agreement.
Project Consulting Services
SAA Advisors also works with insurance companies and government risk pools on a per
project basis.
Our per project fees range from $7,500 and $250,000 and is negotiable depending on the
scope and complexity of the services rendered. Our fees are negotiated in advance with the
client and the specific negotiated fee will be stated in the Agreement.
InsurerCIO
SAA Advisors offers a complimentary membership to InsurerCIO, an investment resource for
insurance companies. SAA Advisors does not charge a fee. Currently, InsurerCIO is not offered
to users within the European Union.
Strategic Asset Alliance, Inc.
Strategic Asset Alliance, Inc. was incorporated in 1994 and only provides consulting services
to insurance companies only. Under the Investment Advisers Act of 1940, 203.80b-3(a),
Strategic Asset Alliance, Inc. is exempt from registration as all clients are insurers. Since 2008,
all new clients sign agreements with SAA Advisors, Inc. dba Strategic Asset Alliance. See above
for fees.
Our fees are billed quarterly, in advance, at the beginning of each calendar quarter based
upon the balance at the end of the previous billing period. All terms of our engagement will
be evidenced in the agreement that you sign with our firm. Under no circumstances will we
require prepayment of a fee in excess of $1,200 for services not performed within six months
of the advanced payment.
You may terminate the agreement upon 30 days’ notice. You will incur a pro rata charge for
services rendered prior to the termination of the portfolio management agreement, which
means you will incur advisory fees only in proportion to the number of days in the quarter for
which you are a client. If you have pre-paid advisory fees that we have not yet earned, you
will receive a prorated refund of those fees.
Additional Fees and Expenses
In certain circumstances, clients may pay reasonable travel-related expenses in connection
with SAA Advisors’ advisory services.
As part of our investment advisory services to you, we may invest, or recommend that you
invest, in mutual funds and exchange-traded funds. The fees that you pay to our firm for
investment advisory services are separate and distinct from the fees and expenses charged by
mutual funds or exchange-traded funds (described in each fund's prospectus) to their
shareholders. These fees will generally include a management fee and other fund expenses.
You will also incur transaction charges and/or brokerage fees when purchasing or selling
securities. These charges and fees are typically imposed by the broker-dealer or custodian
through whom your account transactions are executed. We do not share in any portion of the
brokerage fees/transaction charges imposed by the broker-dealer or custodian. To fully
understand the total cost you will incur, you should review all the fees charged by mutual
funds, exchange-traded funds, our firm, and others.
For information on our brokerage practices, refer to Item 12 - Brokerage Practices of this
brochure.
Recommendation of Other Advisers
We may recommend that you use a third-party money manager ("TPMM") based on your
needs and suitability. We will not receive separate compensation, directly or indirectly, from
the TPMM for recommending that you use their services. Moreover, we do not have any
other business relationships with the recommended TPMM(s). Refer to Item 4 - Advisory
Business above for additional disclosures on this topic.
does not imply a certain level of skill or training.