We are compensated for managing investment portfolios based upon a percentage of the market value of assets managed. Fees may be negotiable.
Clients will authorize fees to be deducted from their accounts. Fees are payable quarterly (1/4 of annual rate) and based on the market value of the portfolio at the end of the quarter.
Investment Management Fee Schedule:
|First $500,000||1.5 %|
|Next $500,000 - $1,000,000||1.0 %|
|Next $1,000,000 - $20,000,000||0.75%|
|Next $20,000,000 - $50,000,000||0.375%|
|Next $50,000,000 - $200,000,000||0.25%|
Billing is quarterly at ¼ of annual rate and in arrears.
Cash flows over $10,000 are prorated.
Accounts are subject to a $400 minimum annual fee.
Fees are debited directly from the investment account, after the quarter end.
Fees are billed and payable after services have been provided, not in advance.
Fees are pro-rated for partial quarters and for large cash flows.
We execute an agreement with our clients defining certain terms of our investment advisory relationship. This agreement can be terminated at any time by the client and with 14 days notice by us.
We charge $350.00 per hour for financial planning services. No refunds are made and termination of services is effective upon notice.
Our clients also incur transaction fees or commissions from the broker-dealer through which the investments are purchased or sold. Mutual funds also charge annual management fees. We do not retain any portion of any of these additional fees. The custodian, broker-dealer, and/or investment company keep all of these additional fees.
We do not receive any other compensation such as commissions or “loads” for the sale of securities or other investment products nor do we receive any annual service fees from mutual fund or annuity companies.