Item 5: Fees & Compensation
Compensation for Our Advisory Services
Wrap Asset Management:
Please see our Wrap Fee Program Brochure for information regarding our fees and compensation
for Wrap Asset Management services.
Financial Planning & Consulting:
Our firm charges on an hourly or flat fee basis for financial planning and consulting services. The total
estimated fee, as well as the ultimate fee charged, is based on the scope and complexity of our
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engagement with the client. The maximum hourly fee to be charged will not exceed $300. Flat fees
will not exceed $5,000. The fee-paying arrangements will be determined on a case-by-case basis and
will be detailed in the signed consulting agreement. Our firm will not require a retainer exceeding
$500 when services cannot be rendered within 6 months.
For our ongoing financial planning services, we charge a monthly fee between $100 to $500. The
exact monthly fee is negotiable based on the client’s financial situation, the number of topics to be
covered in the written plan, number of meetings or phone calls scheduled, number of non-managed
accounts and time to conduct research and writing of the plan.
*Clients who maintain at least $500,000 with our firm may choose to pay a one-time fee and will
receive ongoing financial planning & consulting services with no additional charges.
Other Types of Fees & Expenses
Wrap clients will not incur transaction costs for trades by their chosen custodian. More information
about this can be found in our separate Wrap Fee Program Brochure. Our firm’s recommended
custodians do not charge transaction fees for U.S. listed equities and exchange traded funds.
However, clients may pay holdings charges imposed by the chosen custodian for certain investments,
charges imposed directly by a mutual fund, index fund, or exchange traded fund, which shall be
disclosed in the fund’s prospectus (e.g., fund management fees, distribution fees, surrender charges,
variable annuity fees, IRA and qualified retirement plan fees, mark-ups and mark-downs, spreads
paid to market makers, fees for trades executed away from custodian, wire transfer fees and other
fees and taxes on brokerage accounts and securities transactions). Additionally, 529 plans set up
through Brighter Futures may have internal fees that the client should be aware of. Our firm does not
receive a portion of these fees.
Termination & Refunds
Either party may terminate the advisory agreement signed with our firm for Wrap Asset Management
services by giving 30 days’ written notice. Upon notice of termination pro-rata advisory fees for
services rendered to the point of termination will be charged. If advisory fees cannot be deducted,
our firm will send an invoice for due advisory fees to the client.
Financial Planning & Consulting clients may terminate their agreement at any time before the
delivery of a financial plan by providing written notice. For purposes of calculating refunds, all work
performed by us up to the point of termination shall be calculated at the hourly fee currently in effect.
Clients will receive a pro-rata refund of unearned fees based on the time and effort expended by our
firm.
Commissionable Securities Sales
Our firm and representatives do not sell securities for a commission in advisory accounts.
Retirement Rollover Conflicts of Interest
When we recommend you rollover a retirement account for us to manage, this creates a financial
incentive because we charge a fee for our services. We attempt to mitigate the conflict of interest by
acting in your best interest and applying an impartial conduct standard to all rollovers. Please note
that you are not under any obligation to roll over a retirement account to an account managed by us.
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