Fee Structure

Equity/Balanced Portfolio Fee Schedule

Assets under Management                    Annual Advisory Fee

Up to $1,000,000                                     0.80%

 

$1,000,001 to $3,000,000                        0.60%

 

Over $3,000,000                                      0.40%

Fixed Income Fee Schedule

Assets under Management                    Annual Advisory Fee

Up to $1,000,000                                     0.40%

 

$1,000,001 to $3,000,000                        0.30%

 

Over $3,000,000                                     0.20%

Cash/CDs (non-profit and corporate cash accounts) Fee Schedule

Assets under Management                    Annual Advisory Fee

Up to $1,000,000                                     0.20%

 

$1,000,001 to $3,000,000                        0.15%

 

Over $3,000,000                                     0.10%

Fees will be calculated quarterly and deducted monthly in advance based on the market value of the account at the end of the previous quarter.  Fees may be recalculated at the end of the month if the market value of the account(s) increases over 25% from the previous month’s market value due to additional deposits, appreciation, etc.  Payment in full is expected upon invoice presentation.  Fees are usually deducted from a designated client account to facilitate billing.  The client must consent in advance to direct debiting of their investment account.  Fees will be automatically deducted from the account every month by the 10th.  The custodian, Schwab Institutional, sends statements at least quarterly to the client showing all deductions from the custodian account, including the management and advisory fees.

 

There are no custodial fees if Schwab Institutional acts as custodian under the Pure Portfolio Management program.  Schwab Institutional does not charge a commission for buying and selling investment products inside the account.  Schwab Institutional may charge minimal trading fees for non-domestic equity trades.  The client is responsible for these transaction costs.  No increase in the investment management fee schedule shall be effective without prior written notification to the client.

 

The first advisory fee will be based on the statement's ending value of the account at the end of the 1st month and is payable upon execution of the Investment Advisory Agreement.

 

Either party may terminate the investment advisory agreement at any time by providing written notice to the other party. Full refunds will only be made in cases where cancellation occurs within five (5) business days of signing Adviser’s investment advisory agreement under the wrap account.  After five (5) business days, clients will receive a pro-rata refund, which takes into account work completed by Adviser on behalf of the client.  The client will incur charges for bona fide advisory services rendered to the point of termination, and such fees will be due and payable by the client. 

 

There will be no restrictions on the ability of clients to contact and consult with portfolio managers.

 

No portion of Adviser’s compensation shall be based on capital gains or capital appreciation of the Assets except as provided for under the Investment Advisers Act of 1940.