National Asset Management provides investment advice through affiliated independent advisory representatives (IARs). In other words, you may not directly work with an employee of National Asset Management when you sign up with the firm. Instead, you may work with an advisory affiliate that the firm is partnered with.
This is a fee-based firm, which means some advisors can earn compensation beyond just client-paid fees. A fee-only firm, on the other hand, earn all compensation from their own clients.
National Asset Management Background
National Asset Management established its business in 1994. Based in Boca Raton, Florida, it is a wholly owned subsidiary of the National Holdings Corporation.
National Asset Management Client Types and Minimum Account Sizes
National Asset Management works with individuals above and below the high-net-worth threshold, trusts, estates, business entities, private funds and qualified pension and profit-sharing plans.
Minimum account sizes vary, depending on the IAR you work with and the programs you enroll in.
Services Offered by National Asset Management
IARs associated with National Asset Management generally provide ongoing investment management and financial planning services. In most cases, clients may impose reasonable restrictions on these investment portfolios. Some advisors may also offer services outside of what National Asset Management provides.
National Asset Management Investing Philosophy
Investment philosophies run the gamut depending on the IAR you work with. In general, though, an IAR provides investment advice tailored to your individual risk tolerance and long-term objectives. To diversify your portfolios, they may turn to various security types and asset classes. These may include:
- Mutual funds
- Exchange-traded funds (ETFs)
- Equities
- Options
- Fixed income securities
- Structured notes
- Interests in partnerships such as real estate and oil and gas
Fees Under National Asset Management
Management fees depend on the investment program and are generally charged as a percentage of assets under management (AUM). Your IAR will provide their fee schedule to you, though the firm's Portfolio Advisor Program does use a specific fee schedule, which is below.
| Portfolio Advisor Program Fee Schedule | |
| AUM | Maximum Annual Fee |
| First $250,000 | 2.75% |
| Next $750,000 | 2.50% |
| Above $1,000,000 | 2.00% |
Accounts may also incur certain charges from custodians, brokers and third-party investment managers. National Asset Management directly deducts its fees quarterly and in advance.
What to Watch Out For
National Asset Management reported 18 disclosures on the Form ADV it filed with the Securities and Exchange Commission (SEC). Three of these disclosures apply to the firm directly, while the other 15 are attributed to various advisory affiliates. Two of these three disclosures are regulatory in nature, while the last one is a civil judicial action disclosure.
National Asset Management IARs may also be registered representatives and/or licensed insurance agents. These dual roles may present potential conflicts of interest due to extra commissions earned. That said, National Asset Management is required to serve in a fiduciary capacity. This means it must provide advice in your best interest.
Opening an Account With National Asset Management
If you want to become a client of National Asset Management, simply call the firm at (561) 981-1000 or fill out the contact form on its website.
All information was accurate as of the writing of this article.
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