PCN Wealth Management serves high net worth clients with tailored strategies that address concentrated equity, tax efficiency, and multi-generational planning. The program emphasizes transparent pricing so sophisticated investors can evaluate each layer of service against the complexity of their balance sheets.
For advisors managing portfolios above $5 million, clarity on advisory fees, trading costs, and custody arrangements is essential to preserving risk adjusted returns. This overview frames how fee structures, service tiers, and value drivers interact within the platform.
| Fee Component | Description | Typical Range | Notes for High Net Worth Clients |
|---|---|---|---|
| Program Level | Entry tier based on investable assets | $1M to $50M+ | Minimums and breakpoints influence blended rate |
| Advisory Management Fee | Ongoing fee based on average daily assets under management | 0.60% to 1.15% | Banded pricing rewards larger capital allocations |
| Trading & Implementation Costs | Brokerage, research, and execution fees | Estimated 10 to 30 basis points | Included in blended numbers for many models; varies by instrument |
| Custodial & Administrative Fees | carCustodian, recordkeeping, and reporting | $75 to $250 monthly, or tiered % | Waivers possible at higher program levels |
| Performance Components | Incentive fees tied to excess returns | 0% to 10% of excess returns | High net worth structures often include high water marks |
Fee Structure For High Net Worth Accounts
The fee schedule for high net worth clients at PCN Wealth Management aligns program levels with specific asset thresholds. Each band outlines management fees, custody charges, and value added services to support sophisticated allocation needs.
Clients review tiered pricing to understand how blended costs evolve as balances grow. Transparent breakpoints help investors compare effective ratios across model portfolios and separately managed accounts.
Portfolio Construction And Factor Exposure
Strategic Allocation Methodology
The platform blends modern portfolio theory with factor tilts such as quality, momentum, and low volatility. High net worth allocations emphasize diversification across risk premia to reduce concentration while targeting risk adjusted returns.
Custom Overlay Capabilities
Institutional grade overlays allow fiduciaries to adjust sector exposures, liquidity profiles, and ESG constraints. Program participants can integrate direct indexing and separately managed mandates within a single administrative view.
Service Levels And Operational Support
White glove service includes dedicated relationship managers, priority execution, and consolidated tax reporting. High touch offerings for complex estates, foundations, and family offices provide workflow integration with existing trust and accounting systems.
Technology dashboards enable scenario analysis, contribution tracking, and liability matching. Reporting packages highlight fee impact, turnover, and factor contributions so investors can reassess positioning annually or after material life events.
Regulatory And Compliance Considerations
Program operations adhere to fiduciary standards, suitability expectations, and marketing compliance rules. Documentation emphasizes clear fee disclosures, trade date execution, and best execution practices for institutional grade liquidity management.
Audit readiness, cybersecurity controls, and data governance frameworks support institutional investors and family governance committees. Clients validate alignment of service descriptions with written policy documents to mitigate misunderstandings around fee changes.
Key Takeaways For Evaluating Program Economics
- Map fee bands against long term asset projections to estimate blended advisory rates
- Confirm whether trading, custody, and administrative items are embedded or itemized
- Review high water marks, hurdle rates, and clawback language before committing capital
- Validate service level agreements for execution quality, reporting frequency, and responsiveness
- Assess integration capabilities with existing trust, tax, and governance workflows
FAQ
Reader questions
How are advisory fees calculated for portfolios above $10 million?
Advisory fees are typically calculated on a tiered basis, with lower marginal rates applied to assets above each breakpoint. The blended rate declines as the program level captures economies of scale in research, technology, and custody arrangements.
Are trading costs included in the published advisory rate for high net worth models?
Many models quote a blended number that includes estimated trading and research costs, but investors should confirm whether brokerage, SEC fees, and transaction fees appear separately. Detailed prospectus documents outline the methodology used to aggregate these components.
Can performance fees be waived when assets are below the minimum program threshold?
Performance fees are generally structured to apply only when returns exceed a high water mark, and they may be temporarily waived during periods of capital preservation or rebalancing. Clients should review side letters to understand suspension conditions and clawback provisions.
What reporting cadence and depth can family offices expect from the platform?
Standard reporting includes monthly statements, quarterly performance analytics, and annual proxy voting summaries. Enhanced services provide consolidated tax lots, direct indexing feedback, and board materials tailored to multi-family office governance cycles.