John Hancock Personal Financial Services, LLC
Assets Under Management
$2.0B
Number of Clients
32,545
Number of Advisors
58
Average Client AUM
$61K
AUM per Advisor
$34.1M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
John Hancock Personal Financial Services (JHPFS) offers the Retirement Advice Service, a discretionary investment management service for participants in retirement plans where John Hancock Retirement Plan Services (JHRPS) is the recordkeeper. The service invests in fund-specific portfolios based on personalized information and long-term investment strategies. It can also provide forecasts and recommendations on savings strategies, retirement age, and Social Security benefits. Investment options are limited to those chosen by the plan sponsor or fiduciary. JHPFS may terminate a participant for not providing necessary information.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $50K | 0.50% |
| $50K - $100K | 0.40% |
| $100K - $250K | 0.30% |
| $250K+ | 0.20% |
Fees may be waived for the first 90 days after automatic enrollment.
Fee Estimator
The Retirement Advice Service charges an annual advisory fee based on the following schedule: 0.50% on the first $50,000, 0.40% on the next $50,000, 0.30% on the next $150,000, and 0.20% on amounts over $250,000. For example, a participant with an account balance of $130,000 will be charged $540 annually. The fee is payable monthly in arrears and deducted directly from the participant's plan account. The advisory fee shall be waived for the first ninety (90) days following automatic enrollment in the Service.
Areas of Practice
Location
200 Berkeley Street, Boston, MA, 02116