Eric M. Yudis

Services and Approach Overview

This advisor and firm offer both brokerage services and paid investment advice; not every advisor can provide every option. What primary services are offered? - Brokerage (transaction-based): The advisor can take orders and execute trades you approve. They offer a limited menu of products (mutual funds, variable annuities, UITs, CDs, fixed income, and some market-linked products). Self-directed online accounts are available without advice or monitoring. - Investment advisory (fee-based managed accounts): The advisor can manage accounts on an ongoing basis, either with authority to trade without asking you first (discretionary) or by advising while you make final decisions (non‑discretionary). Some advisory programs use third-party managers or model portfolios. Minimums depend on the specific program. How is the advisor/firm paid? - Commissions or sales charges for brokerage transactions: paid when trades occur; more trading generally means more commission payments. - Wrap/asset-based fees for advisory accounts: an annual percentage of assets (billed quarterly) that covers advisory services and certain platform, custody, and trading costs. - Other costs: mutual fund operating expenses (expense ratios, 12b-1 fees), account-level fees (wires, transfer fees), and clearing/processing charges. - Fee structures vary by product and channel (assisted vs. online), and advisory fees typically decline as account size grows. What conflicts of interest are disclosed? - Incentive to trade more (commissions) and to grow assets (asset-based fees). - Payments from third parties ( dealer concessions, 12b-1 fees, revenue sharing, volume discounts) that may influence product recommendations. - Use of proprietary model portfolios and an affiliated bank sweep for uninvested cash, which create incentives to favor affiliated products or cash holdings. - Advisors’ pay includes commissions, advisory fee shares, and possible bonuses or referral payments, which can affect recommendations.