Financial Management
Clients With Greater Than $1,000,000 in AUM
For clients with $1,000,000 or more in assets under our management, our financial management service includes both ongoing financial planning and investment management. Our standard financial management fee is charged as a percentage of assets under management, in quarterly installments, in arrears (after services have been provided).
The fee is calculated based on the average daily balance in the Client’s account[s] and is based on the schedule below:
| Assets Under Management ($) | Annual Fee (%) |
|---|---|
| First $1 million | 1.00% |
| Next $1 million ($1-2M) | 0.80% |
| Next $3 million ($2-5M) | 0.70% |
| Amounts over $5 million | 0.60% |
Clients With Less Than $1,000,000 in AUM
For clients with less than $1,000,000 in assets under management at the start of our advisory relationship, clients are offered investment management and financial planning as separate engagements. Our investment management fee is charged as a percentage of assets under management, in quarterly installments, in arrears (after services have been provided) at an annual rate of up to 1.20%. The fee is calculated based on the average daily balance in the client’s accounts.
Our financial planning services are provided as an annual financial planning subscription fee, billed monthly at a rate fixed up to $700 per month, based on the size of the client portfolio and the complexity of the services to be provided.