Brokerage: a transactional brokerage account with cash management features.

You enjoy a hands-on approach to building and maintaining your investments, but you want your TFA Financial Professional (FP) to provide guidance and then you determine when to make changes.  You want an investment account that can be used to set aside money for a variety of needs and that allows you to add or withdraw funds based on your decisions.  You also want to transfer assets into the account and use cash management features such as a debit card or bill pay when needed.

TFA365 BROKERAGE BENEFITS:

• No account minimums.  However, the fund families may have minimum purchase amounts.
• Broad investment choices include mutual funds, stocks, bonds, and ETFs*
• Your TFA FP offers education and recommends funds.  You make the decision to buy, sell or hold.
• 24-hour online access to view your account with access to check writing, debit card, bill pay, and direct deposit features.
• Commissions and Fund Expenses: You pay a one-time commission when you buy investments, and investments also have internal expenses.^@  For IRA accounts, there is an annual $10 fee for providing tax reporting.

* Clients may transfer or purchase stocks or bonds in their TFA account only on a self-directed basis and on the client’s own initiative.

@ Please read the prospectus carefully before making any purchase.

Advisory:  an ongoing, managed account for diversified needs with a clear goal in mind

You prefer to delegate portfolio construction and management to selected professional money managers or multiple professional managers.  You want an account that is continually managed and for your investments to grow through an asset allocation strategy.  You want diversification across various asset classes and an efficient, cost-effective way to stay invested and periodically review the strategist portfolio solution.  You may choose to use a variety of investment vehicles – such as Fund Strategists, Separately Managed Accounts or mutual funds – to have an integrated portfolio strategy.  You may start with a particular need for a portion of your investment needs but want the opportunity to add or transfer in assets that use a different portfolio manager in the future.

TFA365 ADVISORY BENEFITS:

• Your investment advisor representative (IAR) helps you select a fund strategist or one or more investment managers and then your account is actively managed by the well-known strategist or experienced professional teams with expertise in various asset classes. You can also use tax management1 or values-based investing strategies that are tailored to your needs.
• You meet with your TFA IAR at least annually to review your portfolio, make changes, and discuss any new or additional investment needs.
• You can choose from firms including Goldman Sachs, Blackrock, Fidelity, American Funds/Capital Group, Vanguard, among others.
• Fund Strategist or UMA Model: The money manager monitors and adjusts your account, rebalancing periodically to maintain your strategy.
• 24-hour online access to view your account.
• Quarterly Performance Reports are available on the client portal.
• $10,000 account minimum.  Accounts under $25,000 are subject to a minimum fee, which could make the overall advisory fee higher.
• Advisory Fee: An asset-based fee is assessed based on the market value of the account and charged monthly.  Please refer to the Statement of Investment Selection for account-specific fees.