Item 5 – Fees and Compensation
A. Asset Management Fee Schedule
Fees for Albion’s services may be charged on a percentage of assets under
management, hourly rate, fixed rate, or performance‐based fee structure. See Item 6
for performance‐ based fees specifics.
Fees for assets under management are listed at:
Investment Management Equity Account Fee:
Plan Assets Annual Fees
$0 – $2,500,000 1.50%
$2,500,001 – $5,000,000 1.00%
Over $5,000,000 0.75%
Investment Management Balanced Account Fee:
Plan Assets Annual Fees
$0 – $2,500,000 1.25%
$2,500,001 – $5,000,000 0.95%
Over $5,000,000 0.65%
These fees are negotiable in certain circumstances, and the final fee schedule is part of
the signed Management Agreement for each client.
The agreement may not be modified or amended except in writing and signed by both
the advisor and the client. Advisor and client may terminate the agreement within five
days of the date of acceptance with no penalty to the client. After the five- d a y
recession period, either party may terminate the agreement at any time, effective upon
the receipt of written notice, and the advisor will return to the client the unused portion
of prepaid management fees.
Financial Consulting Services and Fees
For clients who do not wish to participate in our investment management services,
Albion can provide financial planning and consulting services, based on the availability
and capacity of our advisors. Albion charges fixed and hourly fees for financial consulting
services. These fees are negotiable, but hourly rates generally range from $250 to $500
per hour, depending on the expertise required and the scope of the analysis requested.
Fixed fees can range from $2,500 to $50,000, again depending on the scope, complexity
and expertise required. The client is required to enter into a written agreement with
Albion setting forth the terms and conditions of the engagement.
This agreement may be terminated at any time by either party with or without cause
upon written notice to the other. Any unearned fees shall be refunded to the Client upon
termination, and the client will be billed by Albion for any unbilled services in process at
the agreed upon rate.
Retirement Plan Services
For retirement plan sponsors, the Plan will be charged an annual fee based upon the
amount of Plan assets in accordance with the schedule referenced above.
This annual fee is negotiable based upon the complexity of the plan, the size of the plan
assets, the actual services requested and the potential for additional deposits.
Albion Financial Group does not reasonably expect to receive any other compensation,
direct or indirect, for its Services. If we receive any other compensation for such services,
we will (i) offset that compensation against our stated fees, and (ii) will disclose the
amount of such compensation, the services rendered for such compensation and the
payer of such compensation to you.
B. Payment of Fees
All management fees are billed in advance (at the start of the billing period) on a
quarterly calendar basis and calculated based on the fair market value of your account
as of the last business day of the current billing period. Fees are prorated (based on the
number of days service is provided during the initial billing period) for your account
when it is opened at any time other than the beginning of the billing period.
Clients can elect to have the fee deducted from their account or billed directly and due
upon receipt of the billing notice. All Direct Bill clients will be required to sign a Fee
Deduction Authorization for the sole purpose of allowing the Advisor to collect past due
accounts. Advisor will notify the client prior to the deduction of any delinquent fee
payments from their managed accounts. If clients elect to have the fee automatically
deducted from an existing account, they are required to provide the custodian with
written authorization to deduct the fees from the account and pay the fees to Albion
Financial Group. We will provide the custodian with a fee notification statement.
Either party may terminate services by providing written notice of termination to the
other party. If services are terminated within five business days of signing the client
agreement, services are terminated without penalty. Any prepaid but unearned fees are
promptly refunded to the client at the effective date of termination.
C. Clients Are Responsible for Third Party Fees
Albion’s fees are exclusive of brokerage commissions, transaction fees, and other related
costs and expenses which shall be incurred by the client. Clients may incur certain
charges imposed by custodians, brokers, third party investment and other third parties
such as fees charged by managers, custodial fees, deferred sales charges, odd‐lot
differentials, transfer taxes, wire transfer and electronic fund fees, and other fees and
taxes on brokerage accounts and securities transactions. Mutual funds and exchange
traded funds also charge internal management fees, which are disclosed in a fund’s
prospectus. Such charges, fees and commissions are exclusive of and in addition to
Albion’s fee, and Albion shall not receive any portion of these commissions, fees, and
costs.
Item 12 describes the factors that Albion considers in selecting or recommending
broker‐dealers for client transactions and determining the reasonableness of their
compensation (e.g., commissions).
Additional Fees and Expenses
For certain clients, Albion charges an advisory fee for services provided to the held-away
accounts mentioned below in Item 10. This fee is typically deducted from an account under
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