Evolve Guidelines - Other

Evolve Guidelines - Other


Can I (the RIA) count the assets in the program as AUM or AUA through my RIA and on my ADV?

Answer: Advisor/RIA should consult with their attorney and/or compliance consultant.


Can I (the RIA) bill clients directly, through my RIA, for servicing and advising them on program accounts/assets?

Answer: No.


Do I (the RIA) need to have a separate advisory agreement in place for the accounts/assets I am advising on, that are a part of the program?

Answer:  Reference Schedule A of the Advisory Agreement. Additionally, Advisor/RIA should consult with their attorney and/or compliance consultant to determine whether a separate advisory agreement is required.


​Will I (the RIA) have any additional responsibilities to Mutual as a Client of the program?

Answer: Yes. No less than annually, the RIA will be asked to attest to services rendered under the Advisory Agreement.



    • Related Articles

    • Evolve Guidelines - Advisory Fee Calculations & Receipt of Payments

      How are fees calculated? Answer: Per the terms of the Advisory Agreement (See Schedule B (Advisory Fee)), Mutual will provide systems and reports for the purposes of calculating the program AUM. These billing details and associated invoice data are ...

    • Evolve Guidelines - Operations

        How long does it take for accounts to transfer? Answer: This depends on the product and product company. Once Mutual receives the paperwork in good order, we submit the Change of Broker Dealer (“COBD”) forms to the product companies. We do not ...

    • Evolve Guidelines - Account Servicing

      Can I (the Advisor) still service the accounts? Answer: By virtue of the fact that an Advisor is no longer a registered representative, they are no longer able to directly service the accounts. Either the end investor would need to contact the ...

    • Evolve Guidelines - Working with Mutual

      How do we (the RIA) get in touch with the Mutual Evolve team? Answer: Please go to https://evolve.mutual.group and sign into the Evolve Client Portal. You can submit cases directly to the Mutual Evolve team. If needed, the Mutual Evolve team can be ...

    • Evolve Guidelines - New Business

      What happens if I (the Advisor) run into a new client with an existing VA, 529, or mutual fund direct account? Answer: Although the Advisor is no longer a registered representative, existing accounts can be transferred by the client and the Advisor ...