Fee Based Programs

As a registered investment advisor Caruso McLean can service client accounts on a fee basis. Under this format no commissions are paid to representatives for any account activity. Instead advisors are compensated for services provided by a quarterly fee. This fee is calculated on assets under management per a pre-determined rate.

Fee-based accounts have become extremely popular because they effectively align the interests of the client and the advisor. Since fees are tied to account value and not activity, clients have an added level of assurance that recommendations are designed with a client's objectives in mind. In addition, this structure effectively accomodates continuous and on-going account service.

Royal Advisory Services (RAS), the investment advisory program of Royal Alliance Associates, Inc. offers a wide array of fee-based products and services, RAS provides money management on a fully discretionary basis for individuals, corporations, foundations and retirement plans through our proprietary programs and selected third party money managers. Our advisory programs include asset allocation, market timing, mutual fund wrap programs and individual securities. Each portfolio is individually managed to meet a client's predetemined goals, objectives income needs and tolerance for risk.

RAS Account

Advisor

Managed Assets Program

Third Party Money Managers

Securities offered through Royal Alliance Associates, Inc.
member FINRA/SIPC.

www.finra.org

DISCLOSURES

Gregory B. McLean, Ernest R. Caruso, Stephen L. Caruso and Mark Steckler are Registered Representatives of and offer securities products & services through Royal Alliance Associates, Inc. Member FINRA/SIPC, a registered broker dealer. In this regard, this communication is strictly intended for individuals residing in the states of Arizona, Connecticut, Florida, Georgia, Indiana, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, and Virginia. No offers may be made or accepted from any resident outside the specific states referenced.

Gregory B. McLean, Ernest R. Caruso, and Stephen L. Caruso are also separately registered as investment adviser representatives under Caruso McLean & Co., Inc., a registered investment advisor, offering advisory services in the state of New York. As such, these services are strictly intended for individuals residing in New York.

IMPORTANT CONSUMER INFORMATION:
A broker-dealer "BD", investment adviser "IA", a BD agent, or IA Representative may only transact business in a state if first registered in that state, or is excluded or exempt from registration in that state as a broker-dealer, investment adviser, BD agent or IA Representative, as appropriate. Follow-up, individualized responses to persons in a state by such firm or individual that involve either affecting or attempting to affect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made without first complying with appropriate registration requirements, or an applicable exemption or exclusion.

For information concerning the licensing status or disciplinary history of a broker-dealer, investment adviser, BD agent, or IA rep, a consumer should contact his or her state securities law administrator.

MUTUAL FUND & ANNUITY DISCLOSURE:
SEC RULE 134- SPECIFIC INVESTMENT COMPANY SECURITIES (MUTUAL FUNDS, VARIABLE ANNUITIES) PROSPECTUS OFFERING: FOR MORE COMPLETE INFORMATION, INCLUDING CHARGES AND EXPENSES, ON THE VARIABLE ANNUITIES OFFERED BY THE INVESTMENT/INSURANCE COMPANIES, ("THE COMPANIES") REFERENCED ON THIS SITE, PLEASE REFER TO THE PROSPECTUS (ES) AVAILABLE AT THE COMPANIES SITES, OR PLEASE REQUEST A PROSPECTUS FROM THE COMPANIES DIRECTLY. PLEASE BE SURE TO READ IT CAREFULLY BEFORE YOU INVEST.

HYPERLINK DISCLAIMER:
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You are now leaving the website of Caruso McLean & Co., Inc. and you assume total responsibility for your use of the sites you are linking to.

Caruso McLean & Company Inc.

Fee Based Programs