Brown, Lisle/cummings, INC
Assets Under Management
$414.7M
Number of Clients
232
Number of Advisors
7
Average Client AUM
$1.8M
AUM per Advisor
$59.2M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
BLC offers discretionary or non-discretionary investment management services under a wrap fee program. They also provide financial planning and consulting. Fees are negotiable to a maximum of 1.50% annually, based on assets, complexity, and relationship history. BLC acts as the portfolio manager.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $1.0M | 1.50% |
| $1.0M - $2.0M | 1.25% |
| $2M+ | 1.00% |
Fees may be negotiable based on various factors.
Fee Estimator
BLC charges an annual wrap fee, negotiable up to a maximum of 1.50%, based on the amount and type of assets managed. The fee covers investment management, trade execution, custody, reporting, and platform fees. For example, the fee for the first $1,000,000 is 1.50%, the next $1,000,000 is 1.25%, and anything over $2,000,000 is 1.00%. Fees are assessed quarterly in advance. Financial planning or consulting may incur separate or additional fees in certain circumstances.
Areas of Practice
Location
One Turks Head Place, Suite 800, Providence, RI, 02903