Broker Check

CCadvantage Mutual Fund Asset Allocation Program




“To date, independent tax professionals have been offered two broad options... Either they manage their clients’ accounts themselves, or turn control of their clients’ accounts over to someone else to manage.”

"CCAN feels there is a better way.”

The CCadvantage Solution

To date, independent tax professionals have been offered two broad options for mutual fund asset allocation management within a fee based program. Either they manage their clients’ accounts themselves, or turn control of their clients’ accounts over to someone else to manage. CCAN feels there is a better way. Why not manage these accounts as a team, maintain full flexibility in how they are managed and reduce the fees associated with providing these services at the same time. Sound impossible? It’s not!

Under the CCadvantage program, the advisor visits with each client and has them fill out a Risk Profile Questionnaire (RPQ). Together they select an investment style and base model that are appropriate for the risk tolerance, goals, objectives and constraints reflected in that RPQ. They select the individual mutual funds that the client would like to retain in the account(s) and the asset class weightings that are preferred. They indicate how often the client would like to have the account(s) checked for rebalancing and any mutual funds that they would like to have excluded from the rebalancing process. If the client would like to have specific assets in the account(s) excluded from the program entirely, they simply identify them and those assets will not be managed, nor will a management fee be charged for having them in the account(s).

Any time the advisor would like to execute a trade on behalf of the client, it would be permitted under this program. The advisor would simply follow up with an email to CCAN outlining the trades they would like executed and those transactions will be reflected in the investment strategy for the account(s) going forward.

Once the investment model has been established, CCAN will assume responsibility for managing the clients’ investment strategy, including the initial investment of assets, ongoing asset allocation, rebalancing and mutual fund review – including any mutual funds the client has elected to retain and make part of the investment strategy. The advisor would be responsible for maintaining the client relationship on the account(s) and would advise CCAN of any changes in the investment strategy and/or style.

There are no ticket charges associated with normal transactions during initial investment of a client’s account(s) or for trades associated with scheduled rebalancing. All 12b-1 fees that are not required to be retained in the client’s account(s) or distributed to the broker/dealer (10%) go to the advisor, not CCAN.

I invite you to explore how today’s technology affords you this new and exciting opportunity.