Many individual investors are searching for a way to take advantage of professional money management, as institutional investors have for years. Because most investment managers work exclusively with large institutional accounts, evaluating their performance and negotiating fees is a daunting, if not impossible, task for an individual. After years of helping institutional accounts evaluate their relationships with outside managers, Morgan Keegan’s Wealth Management Services (WMS) Investments Department recognized the need for similar arrangements for high net worth individuals. Through our Preferred Managers Program, Morgan Keegan has contracted with a carefully selected group of managers to provide portfolio management services at reduced fees and lower minimum investment levels to qualified clients.
Fees
Morgan Keegan has negotiated reduced fees and minimum investment levels with the managers for participants in the Preferred Managers Program. Annual fees are based on the level of assets under management and cover management fees, transaction charges, manager search, and performance evaluation.
Manager Due Diligence
While much of our due diligence takes place behind the scenes, its importance should not be underestimated. Morgan Keegan’s WMS Due Diligence Group (DDG) takes the due diligence process very seriously. Our ability to be an unbiased consultant to our clients rests on our ability to deliver objective investment advice. In fact, we take this process so seriously that we have an additional layer of protection built into our process. The DDG provides due diligence, manager searches, and general evaluations of our program's managers.
Performance Review
Once managers have been selected for your portfolio, we continue to evaluate performance and the resulting progress toward your stated objectives. This ongoing review process also allows us to monitor each manager’s adherence to his/her own philosophy and insures that any changes that could affect its suitability for your account are conveyed to you.
Other Features & Services
- Development of investment objectives
- Development of a written Investment Policy Statement
- Evaluation of past investment performance and asset allocation
- Quarterly economic analysis and commentary
