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MCIM Program Compensation Plan For Financial Professionals

Submitted by Steve Selengut | RSS Feed | Add Comment | Bookmark Me! print

All six account MCIM variations (Equity-Income) are available: 70-30; 50-50; 30-70 with income positions either 100% in taxable CEFs or 100% in Municipal CEFs.

  • NOTE: MCIM "mirror account" programs are generally unsuitable with regular withdrawal or contribution requirements. Such accounts will be considered for regular management programs, with a minimum account requirement of $100, 000 and a flat fee 2.5%. Income only account flat fee is 1.25% 

Program Requirements and Client Charges:

  • Single sum deposit minimum is $175,000. No subsequent additions of less than $90,000.
  • No withdrawals other than account management fees, without a change-over to a regular managed account arrangement at the fee scale (above) for managed accounts.
  • Total fee to client is 2.0%, including all management fees and commissions.

Solicitor Referral Fee Compensation:

  • Solicitor referral fee is $500 per established account for accounts from $175,000 to $300,000 and $750 for larger accounts. An additional $100 and $200 per account, respectively, is earned each year the account remains under management.
  • Fee disclosure documents (Solicitor Agreement and Client Statement) are required in all cases. Solicitor Agreements must be approved by Mid Atlantic Financial Management ; each prospective client must sign a document stating that he has been apprised of the Solicitor's compensation arrangements.
  • Referral fee is $1,000 for accounts over one million dollars, plus $300 annually

  • Bonus programs may be considered at some time in the future.

Contact Steve for additional information

 

 

 

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