Mutual-Fund Advisory Program

(redirected from Mutual Fund Advisory Programs)

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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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.
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.
The fund, which has $2 billion in assets under management, will remain open to existing shareholders, qualified retirement plans, and mutual fund advisory programs.