Wealth Management


Wealth Management Services — breadth, depth, quality

Your investment adviser (IA) can help simplify the somewhat complex investment process and design an investment program around your needs and individual objectives.

Whether it's traveling to see the world or spending time with family, buying that long-dreamed-about second home or planning to pass along your hard-earned wealth to those most important in your life, a well-balanced investment program is a critical component of your overall financial plan. Your Investment Advisor (IA) is committed to helping you focus on living your life and cherishing the people and things you care about most. By simplifying the complex investment process, your Investment Advisor will design an investment program around your needs and individual objectives resulting in an intelligent, guided approach to investing personalized just for you.

You will have access to a variety of customized programs and strategies, all uniquely designed to meet your needs. Whether you are relatively new to investing or have significant investment assets, we can provide solutions designed with your financial needs and individual preferences in mind. We provide access to some of the most respected names in the investment industry with proven strategies and state-of-the-art approaches for managing investment assets and providing services for you, your family, your charitable interests, your legacy and a host of other financial interests. Working independently and with your best interests in mind, our Investment Advisors can recommend an appropriate investment strategy that meets your goals, investment minimums and risk tolerance.

Working with your IA, you can create a personalized investment strategy to help you achieve a variety of goals, including asset growth, asset preservation, and retirement income.

What are some of the benefits of our Wealth Management Services?

A wide range of investment programs representing a variety of asset classes and investment styles. We offer more than 130 portfolio choices, 260+ separate account managers, multiple unified managed account arrangements, and a program that offers an IA-Rep-managed, customizable investment approach.

Consolidated, steady pricing. One total client fee, typically a percentage of assets under management, includes trading charges associated with buying and selling securities of the investments selected. The fee is deducted on a scheduled basis from the account value and investments selected.

Client-friendly reporting on investments. Our programs include comprehensive quarterly performance reports, custodial statements and access to other statements and reports on our client account online portal.

Your relationship with your Investment Advisor

What is an Investment Advisory (IA) relationship?

An investment advisory relationship is generally a long-term professional relationship that is built on trust, personalized investment management and ongoing oversight of your invested assets. An IA is required to adhere to a “fiduciary standard of care,” meaning that he or she has a legal duty to provide investment advice that is in your best interests.

What are some of the primary characteristics of an investment advisory relationship?

Ongoing advice and interaction with your IA. The ongoing management of assets provides opportunities for you and your IA-Rep to communicate and build lasting relationships — all to ensure that your goals and needs are being addressed. Annual reviews provide opportunities to measure progress toward individual goals and to share any changes in individual circumstances and expectations.  Your IA will communicate with you on a regular basis continuing to build your relationship and meet your changing financial needs.

Ongoing management of your investments. When you work with your IA, you're still ultimately in charge of how your investments are allocated and managed, but typically the day-to-day management of your assets is handled by the IA, the IAs firm (in this case MMLIS), or third-party investment firms. These activities may include rebalancing or changing the way your assets are allocated in response to market conditions.

Customized investment solutions — now and in the future. Together with your IA, you can make changes to your asset allocation in order to adjust for different life stages. For example, you may be accumulating assets for a specific goal or starting the distribution of assets in retirement. Some programs may offer portfolio customization, including socially responsible investing, tax loss harvesting and desired investment parameters. If you have a large amount of assets to manage or your investment needs are more complex, then an investment advisory relationship may be the right choice for you. A lot depends on working with your IA to choose the right programs that match your personal financial goals, the complexities of your particular situation, your risk tolerance and your future expectations.

Select the right programs with the help of your investment advisor

Choosing the right combination of investments, that are personalized to your individual needs and preferences, involves a process that you and your IA-Rep will implement together. Following is a brief overview of the steps you can expect to take with your IA.


Your IA-Rep will work to understand your goals and learn how your assets are currently being managed.


Your IA-Rep will review the vast array of available investment programs to determine which one(s) are consistent with your risk tolerance and investment objectives.


WMS investment programs can be used together or as standalone strategies. Once the investment solution(s) is determined, your IA-Rep can present a personalized proposal on how the investments will be managed, priced and supported over time to address your needs and achieve your goals.


After your account is opened and the strategy is executed, you will receive a consolidated report that tracks the progress of your overall account and the individual investments you chose. At any time, if your needs evolve or change, your IA-Rep is available to work with you to make changes to the account.

Provide ongoing advice

As explained in the next section, one of the key benefits of an investment advisory relationship is that you don't have to worry about the ongoing oversight of your investments.

Ongoing advice is part of the relationship

What if I want to make changes to my advisory account?

You will discuss your account with your Investment Advisor on a regular basis in order to keep information up-to-date and make any needed changes. The breadth and depth of our programs help ensure that the most appropriate investment solutions can be discussed, adjusted and implemented at any time through your IA-Rep.

What metrics can be used to evaluate performance?

Market Indices

A market index is a metric that tracks the performance of a group of stocks, bonds, and other investment securities, each with its own unique investment characteristics and risks. You cannot invest directly in an index. A stock index, for example, measures the value of a hypothetical portfolio of stocks and is computed from the prices of the selected stocks (typically a weighted average) and the number of outstanding shares of the various stocks. Some indices are designed to indicate the overall performance of the market, while others follow a particular sector. Market indices can be used by IA-Reps and clients as a tool to describe a specific market and to compare the returns on specific investments, asset classes, investment styles, and managers, for example.

Trailing performance

With trailing performance (also referred to as “rolling returns”), performance is measured in sometimes smaller, overlapping periods, instead of the end of calendar years. For example, a five-year period may be represented with different 12-month “rolling” periods such as January 31st of one year to January 31st of the fifth year from the initial period. Having open and regular discussions with your IA helps to ensure that you are on track with achieving your financial goals.

How will I communicate with my Investment Advisor and how frequently?

Communication is a key ingredient to a mutually rewarding professional relationship. Depending on your needs and preferences, you and your IA will determine together the optimal way to communicate and the frequency of those communications. At a minimum, however, you should meet with your IA annually to ensure that all your financial information is up-to-date, to review your overall investment strategy, to discuss your progress toward reaching your goals and to address any questions or issues that are important to you and others you care about. You will also receive monthly statements and quarterly performance reports so you can view account balances, transactions, performance and fees, along with other information to keep you up-to-date with the management of your investment programs.

How can I access my account online?

You can access account statements, quarterly performance reports, tax documents and your account history through an online account management platform for 24/7 access to your account information. Your IA can help you establish your login credentials.