ITEM 5 - FEES AND COMPENSATION
VISION2020 WEALTH MANAGEMENT PLATFORM – ADVISOR MANAGED PORTFOLIOS
PROGRAM
We offer Advisor Managed Portfolios as an account where no separate transactions charges apply and a single
fee is paid for all advisory services and transactions ("Wrap Account").
We also offer Advisor Managed Portfolios with separate advisory fees and transaction charges (“Non-Wrap
Account”). As such, in addition to the monthly or quarterly account fee described below for advisory services,
you will also pay separate per-trade transaction charges.
You will pay a monthly or quarterly account fee, in advance or arrears, based upon the market value of the
assets held in your account as of the last business day of the preceding calendar month or quarter or on the
average daily value of your account of the preceding month or quarter. Your account fees are negotiable and
will be debited from your account by our custodian. If you terminate your participation in this program, you will
be entitled to a pro rata refund of any prepaid monthly or quarterly fees based upon the number of days
remaining in the month or quarter after the date upon which the notice of termination is received.
Each of our Advisory Representatives negotiates his or her own account fee schedule.
Mutual funds and ETFs invested in the account have their own internal fees which are separate and distinct
from the program account fees (for more information on these fees, see the applicable fund prospectus).
Some Fund fees include 12b-1 fees which are internal distribution fees assessed by the Fund, all or a portion
of which are paid to the distributor(s) of the Funds. The Firm and your Advisory Representative do not retain
12b-1 fees paid by the Funds.
In certain instances, there is opportunity to be eligible to purchase certain mutual funds and ETFs without
incurring transaction charges subject to certain conditions. For details, please refer to Item 4 (No Transaction
Fee Programs) of the Advisor Managed Portfolios wrap fee brochure.
For complete fee details, please see the Advisor Managed Portfolios Wrap Fee Program Brochure.
VISION2020 WEALTH MANAGEMENT PLATFORM – UNIFIED MANAGED ACCOUNT PROGRAM
We offer UMA as an account where no separate transactions charges apply and a single fee is paid for all
advisory services and transactions ("Wrap Account").
You will pay a monthly or quarterly account fee, in advance, based upon the market value of the assets held
in your account as of the last business day of the preceding calendar month or quarter. Your account fees are
negotiable and will be debited from your account by our custodian. If you terminate your participation in this
program, you will be entitled to a pro rata refund of any prepaid monthly or quarterly fees based upon the
number of days remaining in the month or quarter after the date upon which the notice of termination is
received.
Each of our Advisory Representatives negotiates his or her own account fee schedule. The account fees paid
by client include portions paid to your Advisory Representative (“Advisory Fees”), as well as to the Firm, the
custodian, and the Third-Party Money Managers selected (“Program Fees”). Advisory Fees are set
independently regardless of manager selected. Mutual funds and ETFs invested in the account also have their
own internal fees (“internal fund expenses”) which are separate and distinct from the program account fees
(for more information on these fees, see the applicable fund prospectus). Since fees billed to your UMA account
are comprised of both Program Fees and Advisory Fees, Advisory Representatives may have an incentive to
select third party money managers with lower Program Fees in order to manage the overall fee charged to you.
WFS IA Brochure 2023.3 Current as of October 27, 2023
You and your Advisory Representative should consider the overall fees and expenses, including internal fund
expenses, when selecting managers and other portfolio investments.
For complete fee details, please refer to The Wealth Management Platform – Unified Managed Account Wrap
Fee Program Brochure.
THIRD-PARTY ADVISORY SERVICES
Compensation in connection with Third-Party Advisory Services generally consists of six elements: i)
management fees paid to Third-Party Money Managers; ii) management fees paid to us as outlined in the client
agreement that you sign with us; iii) transaction costs – if applicable – which are charged when purchasing and
selling such securities; iv) custody fees; v) revenue sharing paid to the Firm and vi) fees paid to us for
administrative and supervisory services. Your account will be held with the Third-Party Advisory Service
custodian where your fees will be assessed and deducted.
Similar investment strategies offered through the Third-Party Advisory Services program can be offered by
more than one provider, including other TPMMs, as well as through other advisory programs offered through
the Firm and its affiliates. You should be aware that lower fees for comparable services may be available from
other sources.
The account fees paid by client include portions paid to your Advisory Representative (“Advisory Fees”), as
well as to the Firm, the custodian, and the Third-Party Money Managers selected (“Program Fees”). Mutual
funds, exchange traded funds and other pooled investment vehicles invested in the account also have their
own internal fees (“internal fund expenses”) which are separate and distinct from the program account fees
(for more information on these fees, see the applicable fund prospectus). Since fees billed to your account for
Third-Party Advisory Services are typically comprised of both Program Fees and Advisory Fees, Advisory
Representatives may have an incentive to select Third-Party Advisory Services with lower platform Program
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