Item 5 – Fees and Compensation
Our advisory fees for investment management services are generally based on a percentage of assets under
management and exclude costs that may be imposed by your custodian, broker-dealer, and any Independent
Managers. Advisory fees for services are set forth in our investment management agreement with you.
COMBINED INVESTMENT MANAGEMENT AND FINANCIAL PLANNING
Comprehensive Portfolio Management (“PMA”)
Our advisory fees for PMA accounts are calculated as a percentage of billable assets under management
listed on the investment management agreement and generally billed at least semi-annually. Fees are
typically billed in advance, in accordance with the terms of the investment management agreement. With
your authorization, Instructions will be provided to your qualified custodian to deduct your advisory fee from
your account. In limited circumstances, Allegheny invoices clients for their fees as described in the client’s
investment management agreement. The following are the advisory fees you will pay to Allegheny:
• 1.00% on the first $2,500,000 of assets under management, per annum
• 0.65% on the amount from $2,500,000 to $5,000,000
• 0.50% on the amount from $5,000,000 to $10,000,000
• 0.45% on the amount from $10,000,000 to $25,000,000
• 0.40% on the amount from $25,000,000 to $50,000,000
Form ADV Part 2A
• 0.35% on the amount of assets over $50,000,000
Allegheny, in its sole discretion, has the right to deviate from this schedule. Your total fee may exceed the
schedule above when flat or hourly fees apply. We permit existing clients to continue to be billed according
to previously published ADV schedules in cases where the relationship was established under the then
published ADV terms. Previously established fee schedules will be calculated differently than the schedule
stated above, in accordance with that client’s investment management agreement. Allegheny retains the
right to negotiate fees on a client-by-client basis. Your facts, circumstances, and needs are considered in
determining the advisory fee. Allegheny considers the complexity of the relationship, amount and types of
assets managed, related accounts and other factors. For the purpose of advisory fee calculations, we reserve
the right to combine the advisory accounts of immediate family members or other related accounts.
Allegheny and your Advisor may include additional accounts.
Investment Management Fees (“IMA”)
Our advisory fee for IMA accounts is calculated as a percentage of the value of billable assets under
management listed on the investment management agreement and will be billed semi–annually, quarterly, or
annually. With your authorization, the advisory fee will be deducted directly from your accounts by a Third-
Party Payor or deducted from your account and paid to Allegheny as outlined in your investment
management agreement. Alternatively, you may choose to receive a bill for services provided in limited
circumstances. When a Third-Party Payor deducts your fee, the advisory fee for assets on its platform will be
calculated in arrears. By comparison, when your fee is deducted from your account or invoiced by Allegheny,
the advisory fee for those assets will be calculated and applied in advance. Your investment management
agreement contains additional information about this practice. The advisory fee for IMA accounts ranges
from 0%-1% per annum.
STAND-ALONE INVESTMENT MANAGEMENT FEES
Streamlined Account Management Fees (“SAM”)
Our advisory fee for SAM relationships is calculated as a percentage of the value of billable assets under
management listed on the investment management agreement and will be billed quarterly or semi-annually
in advance. With your authorization, instructions will be provided to your custodian to deduct the advisory
fees from your account as outlined in the investment management agreement. The advisory fee for SAM
accounts is 0.75% per annum.
STAND-ALONE FINANCIAL PLANNING FEES
Flat, Retainer, or Hourly Fees
We reserve the right to negotiate fees for financial planning and other services described above on a flat,
retainer, or hourly basis. Our maximum hourly fee rate is $500.00, and we will negotiate this fee with you in
advance. The fee charged is determined by several factors including, but not limited to, the size and
complexity of the portfolio, your other assets and liabilities, the breadth of the issues explored and any other
ancillary advice or services that you require. The plan created may be comprehensive in nature or may
address an individual issue, depending on your needs. Typically, half of our fee is due upon execution of the
contract, and the remainder is due upon completion of the work. However, you and your Advisor may make
other arrangements that are mutually agreeable to all parties. These arrangements are described in your
financial planning agreement.
For financial planning clients, once the financial plan is complete, you may elect to have the plan executed by
your Allegheny Advisor through a non-affiliated broker dealer; you may execute the plan on your own; or
you may choose to have another broker dealer execute the plan. You should understand that lower fees for
comparable services may be available from other investment advisory firms. If you elect to implement your
plan with Allegheny through our Wrap Fee program, refer to Wrap Fee Brochure for additional details about
fees. For additional information, please contact your Allegheny Advisor, who is available to answer any of
your questions.
Form ADV Part 2A
GENERAL FEE INFORMATION
You have the right to terminate your agreement with us upon 30 (thirty) days’ written notice. In cases where
our advisory fees have been collected in advance and upon termination of your agreement, any prepaid,
unearned fees will be refunded to you. We will prorate the refund according to the number of days remaining
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