Mutual-Fund Advisory Program

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Mutual-Fund Advisory Program

An investment vehicle in which an investor works with an investment adviser to take a long position in several mutual funds. The program utilizes an asset allocation method that matches the investor's goals. The investor does not pay fees for each mutual fund, but rather pays the average fee to the investment adviser. A mutual fund advisory program allows the investor greater autonomy over his/her portfolio. It is also called a mutual fund wrap. See also: Fund of funds.
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Advisory Solutions now ranks as the country's 7th largest mutual fund advisory program, according to Cerulli Associates.
The separate account and mutual fund advisory program market is expected to grow from approximately $450 billion to $1 trillion by 2005, according to Cerulli Associates.
With more than $6 billion in assets under management, MFA is the fastest growing mutual fund advisory program in the industry," said Peter G.
The investigation is focused on account allocation rebalancing related to certain systems and controls in a mutual fund advisory program, and covers 6,000 accounts.
Financial advisors leverage FundQuest's flexible wealth management solutions to provide unified managed accounts, separately managed accounts, mutual fund advisory programs, income portfolios, trust services, annuities, exchange-traded funds, and alternative investments.
They may also be put off by the high fees often associated with other mutual fund advisory programs," said Walt Bettinger, president of Schwab Investor Services.
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