Primerica, specifically through its Primerica Advisors segment, charges an annual administration fee on investment accounts that ranges from 0.42% to 0.49%, depending on the total value of the assets managed. These percentages represent the administration fees for various account value tiers.
Primerica Advisors Administration Fee Schedule
The administration fees for investment accounts managed by Primerica Advisors are structured as follows:
| Account Value | Administration Fee |
|---|---|
| $250,000 or less | 0.49% |
| $250,000 to $500,000 | 0.46% |
| $500,000 to $1,000,000 | 0.42% |
Understanding Primerica's Fees
These administration fees are typically charged on an annual basis and are calculated as a percentage of the total assets under management within an investment account. It's important for investors to understand how these fees can impact their overall returns over time.
- Tiered Structure: As seen in the table, the percentage fee generally decreases as the account value increases. This tiered structure can be beneficial for clients with larger portfolios as they may pay a lower percentage fee on higher asset values.
- What it Covers: While the specific details of what the administration fee covers can vary, it generally contributes to the operational costs associated with managing the investment accounts, such as record-keeping, regular reporting, and potentially some level of advisory oversight or support.
- Additional Costs: It is common for investment accounts to have other potential costs in addition to administration fees. These might include mutual fund expense ratios, trading fees, or other specific service charges, depending on the types of investments chosen and the services utilized. The percentages listed above specifically refer to the administration fees directly charged by Primerica Advisors for managing the account.
For more detailed information on fees and services, you can refer to comprehensive reviews and disclosures provided by financial advisory platforms, such as those found on SmartAsset.com.
