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One Price Fits All: New Flat Fee Pricing Model for Portfolio Management Introduced
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Seasoned Financial Advisor Creates Platform
Providing Industry-Low Prices for Investors
Parsippany, N.J. – February 23, 2011 – Financial services industry veteran Mark A. Cortazzo, CFP®, who has been named one of the top financial advisors by publications such as Worth and Barron’s, unveils his asset management program, Flat Fee Portfolios. The new low-cost program provides high-quality investment solutions to investors who are simply looking for asset management advice and do not require complex financial planning services.
Flat Fee Portfolios is an investment management solution offered by MACRO Consulting Group, a registered investment advisor (RIA). The Flat Fee Portfolios asset management team works with any sized investment account for a low fee of $199* per month that does not fluctuate based on value. This streamlined approach drastically reduces the conflicts of interest inherent in asset-based fee or commission-based advisory relationships. The low-cost investing discipline of the Flat Fee Portfolios program is designed to be transparent, simple and fair.
“Regardless of their portfolio size, many investors are significantly over paying every year because they do not have complex planning issues. Flat Fee Portfolios is for those investors with less complex portfolio needs who are simply looking for quality investment advice. Investment management services are delivered at a fixed price point which allows the investor greater control and clarity over what they are paying,” says Cortazzo, founder of the new program. “With Flat Fee Portfolios, an investor can access managed portfolios and choose their preferred approach, while paying a flat fee, no matter the sum of the funds being invested.”
Flat Fee Portfolios’ investment management solutions allow investors the freedom to choose their own strategy. Whether the chosen strategy is passive, active or tactical, Flat Fee Portfolios offers an approach for varying risk profiles within each management style. The platform offers models for taxable accounts and non-taxable accounts in addition to unique models that use alternative asset classes and investment strategies that have a low correlation with the stock and bond markets. If a client finds themselves in need of more complex financial planning advice, the services of a Certified Financial PlannerTM (CFP®) can be retained for an hourly fee.
Investors can access their investment account at any time by logging onto the easy-to-navigate online portal. The investors gain simple, intuitive reporting to help them track and monitor investment performance. In addition to viewing quarterly updates online, each investor also receives a personal annual review.
Cortazzo, who was recently selected by Boomer Market Advisor as “2010 Financial Advisor of the Year,” is excited about this new opportunity provided to investors. “Through the use of low-cost exchange traded and mutual fund portfolios, state-of-the-art technology and a highly-efficient process, we are able to manage portfolios of any size for one flat fee and pass the savings onto the investor. We’re changing the way investors can gain access to the investments they desire by offering a full suite of investment options, but a pricing structure that makes sense for their portfolio,” explains Cortazzo.
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About Flat Fee Portfolios
Flat Fee Portfolios is a service offering of MACRO Consulting Group, a registered investment advisory firm that serves the complete investment management and financial planning needs of high net worth investors across the country. MACRO Consulting Group is a Better Business Bureau accredited company based in Parsippany, N.J. Flat Fee Portfolios offers a variety of mutual funds and ETFs by utilizing a third-party, independent custodian known for providing a broadly diversified mix of no transaction fee funds and extremely competitive pricing. Flat Fee Portfolios was developed in response to a growing population of consumers who require quality asset management solutions at a price that helps protect the portfolio. For more, please visit our Frequently Asked Questions.
* For accounts under $250,000 a special program is available for a reduced fee of $129 per month.