Our Services
Fee-Based & Portfolio Management Accounts
What is an Exchange Traded Fund? (ETF’s)
An Exchange Traded Fund, or ETF, is a security that tracks an index or a bundle of assets, S&P 500, Nasdaq 100, the Dow Jones Industrial Average or the Lehman Treasury Index. An ETF may also represent a particular industry sector...Read More >>
Why Are Investors Attracted to ETF’s?
- They tend to cost less.
- We believe there is a clear cost ratio advantage over mutual funds.
- There are no sales loads or investment minimums required to purchase an ETF.
- They may be more “tax efficient”
than mutual funds.
Exchanged Traded Funds are subject to risks similar to those of stocks. Investment returns may fluctuate and are subject to market volatility, so that an investor’s shares, when redeemed or sold, may be worth more or less than their original cost.
Fee-Based & Portfolio Management Accounts
Using a strategic method of asset allocation, Walnut Capital Management offers fee-based and portfolio management products that conform to your risk level, attempt to correlate to market performance, and leverage our advice.
Through a single annual fee, (billed quarterly in advance based on the assets in the account), our products can help you build a balanced portfolio that can hold stocks, bonds, mutual funds, cash and other types of securities. Some programs give you access to the Manager Strategy Group’s Analysts, exclusive Institutional Money Managers or affiliated Portfolio Managers, In order to help meet your objectives and risk tolerance, we can help you select from the fee-based and portfolio management programs available.
FundSourceSM
FundSourceSM is our exclusive mutual fund wrap-fee program. It offers investors a series of professionally managed portfolios consisting of no-load, load-waived and institutional share class mutual funds. The process begins with a thorough understanding of your goals, time horizon, income requirement and overall tolerance for risk. Through this service, we can provide a portfolio suited to your investment objectives, along with monitoring your investment performance and making recommendations as needed. Objectivity, professional money management and simplicity – all available to you in the FundSourceSM program. Minimum initial investment: $25,000.1
Mutual Funds are sold by prospectus. Please consider the investment objectives, risk, charges and expenses carefully before investing. The prospectus, which contains this and other information, can be obtained by calling your financial advisor. Read it carefully before you invest.
CustomChoiceSM
CustomChoiceSM offers a highly personalized investment plan tailored to your unique needs. The process begins with a thorough understanding of your goals, time horizon, income requirement and overall tolerance for risk. With our guidance, you can design a customized strategy to help you achieve your investment goals through the principle of asset allocation.2 CustomChoiceSM offers an extensive selection of mutual funds including well-known no-load and load waived funds, along with performance monitoring and allocation rebalancing. Objective advice and access to the industry’s top funds – all for one simple fee.1 Minimum Initial Investment: $25,0001
Asset Advisor
In Asset Advisor you work side by side with Walnut Capital Management to identify your long term goals and dreams. Walnut Capital Management can assist you in achieving these goals by providing objective advice and guidance specific to your investment needs and tolerance for risk. However, you will have the final discretion over the investments you select for your portfolio.2 Minimum Initial Investment: $50,0003
Masters
With the Masters program, we can provide you access to some of the nation’s most exclusive portfolio managers. Although many of these managers usually work only with accounts of $1 million or more, by working with Walnut Capital Management and Wachovia Securities Financial Network, investors with $100,000 or more can benefit from their services. Minimum Initial Investment: $100,000. (For most investment styles)4
Diversified Managed Allocations
In one DMA account, a combination of professionally managed portfolios is strategically allocated using our disciplined investment process. This program offers separately managed portfolios featuring asset allocation, diversification, and risk-based portfolio management to investors with a minimum investment of $150,000.5
Wachovia Compass Advisory ProgramSM
The Wachovia Compass Advisory ProgramSM is designed to combine the advantages of a professional-managed separate account portfolio with a low account minimum. Managed by Wachovia Securities’ Advisory Services Group, Wachovia Compass is designed for those who wish to have a portfolio of individual stock and bonds, but want to leave the decision making to a professional. Minimum initial investment: $50,000 - $200,000.6
Network
The Network Program provides clients access to many of the nation’s well-known money managers in a dual contract arrangement. This program offers clients consulting services and transactions for a fee-in-lieu of commission or a negotiated commission schedule. Minimum initial investment: $100,000 (for most accounts)7
Customized Portfolios
Customized Portfolios from Evergreen Investments offers individualized strategies for clients who have unique portfolio management needs. Its services include the customized management of investment portfolios, diversified portfolios of alternative investments, and separately managed equity and fixed income accounts. The investors who own these portfolios have unique and specialized objectives for performance, risk management, tax sensitivity and diversification – needs that simply cannot be met through standard strategies. Your assigned experienced portfolio manager will work in conjunction with Walnut Capital Management to deliver the customized portfolio management, objective advice and dedicated service that you demand. Minimum initial investment $1,000,000.8
Evergreen Investment Management Company, LLC is a subsidiary of Wachovia Corporation and separate affiliate of Wachovia Securities.
At Walnut Capital Management, we believe that appropriate diversification lies at the heart of successful investing. As the recent history of worldwide financial markets illustrates, markets generally don’t move in lockstep. Some years see great advances in stocks, other years bonds are king. Sometimes both of these take a back seat to small company or international markets. The prices of small company stocks are generally more volatile than large company stocks. They often involve high risks because smaller companies may lack the management expertise, financial resources, product diversifications and competitive strengths to endure adverse economic conditions. Investing in foreign securities presents certain risks not associated with domestic investments, such as currency fluctuation, political and economic instability, and different accounting standards. This may result in greater share price volatility.
With the guidance of Walnut Capital Management, you can begin to understand how these markets correlate to your risk tolerance; discover the appropriate asset allocation for your investments and work to achieve a financial portfolio that meets your long-term goals.2
The Wachovia Securities Financial Network fees for all of the above programs include advisory services, performance measurement, transaction costs, custody services and trading. Fee-based accounts are not designed for excessively traded or inactive accounts and my not be suitable for all investors. Since no one manager is suitable for all types of investors, this information is provided for information purposes only. We need to review your investment objectives, risk tolerance and liquidity needs before we introduce suitable managers to you. Please carefully review the Wachovia Securities Financial Network advisory disclosure document for a full description of our services. A minimum annual fee may apply for these programs.
(1) The fees do not cover the charges and expenses of any mutual funds that may be purchased within the program and customary brokerage charges may apply to non-program assets.
(2) Asset allocation cannot eliminate the risk of fluctuating prices or uncertain returns.
(3) The fees do not cover the charges and expenses of any mutual funds that may be purchased within the program and customary brokerage charges may apply to non-program assets. During periods of lower trading activity, your costs might be lower if our compensation was based on commissions. Additional fees may apply in certain circumstances. Please contact a Financial Advisor for more specific details about additional expenses that may be incurred in this type of program and for a list of eligible and excluded assets.
(4) The fee schedule for the Masters program, which is negotiable, is based on account size and an assumed active portfolio.
(5) The fees for the Diversified Managed Allocations (DMA) program do not cover the charges and expenses of any mutual funds that may be purchased within the program and customary brokerage charges may apply to non-program assets. The fee schedule, which is negotiable, is based on account size and an assumed active portfolio.
(6) The fees for the Wachovia Compass program do not cover the charges and expenses of any mutual funds that may be purchased within the program and customary brokerage charges may apply to non-program assets.
(7) The Wachovia Securities Financial Network fees for the Network program may be either asset, or commission-based, and are assessed quarterly in advance. There is an additional fee, billed separately, for the outside money manager’s advisory services. During periods of lower trading activity, your costs might be lower if our compensation were based on commissions.
(8) The fees for the Evergreen Customized Portfolios program do not cover the charges and expenses of any mutual funds that may be purchased within the program and customary brokerage charges may apply to non-program assets.
Wachovia Securities is the trade name used by two separate, registered broker-dealers and nonbank affiliates of Wachovia Corporation providing certain retail securities brokerage services: Wachovia Securities, LLC, Member NYSE/SIPC, and Wachovia Securities Financial Network, LLC, Member FINRA/SIPC.