Item 5: Fees and Compensation
Fee Schedule
Lower fees for comparable services may be available from other sources.
Portfolio Management Fees - TAMPs
A&O will be compensated via a fee share from the advisers to which it directs those
clients. This relationship will be memorialized in each contract between A&O and each
third-party adviser, the client will be engaging the third-party adviser separately. The fees
shared will not exceed any limit imposed by any regulatory agency. The total fees charged
will not exceed 2%.
A&O may direct clients to Altruist. The annual fee schedule is as follows:
Total Assets Under Third Party’s
A&O’s Fee Total Fee
Management Fee
$0 - $999,999 1.00% 0.12% 1.12%
$1,000,000 - $2,999,999 0.90% 0.12% 1.02%
$3,000,000 - AND UP 0.75% 0.12% .87%
Fees for selection of Altruist as third-party adviser may be invoiced and billed directly to
the client. Fees are paid quarterly in arrears. IA uses the value of the account as of the last
business day of the billing period, for purposes of determining the market value of the
assets upon which the advisory fee is based.
A&O may direct clients to AssetMark. The annual fee schedule is as follows:
Total Assets Under Third Party’s
A&O’s Fee Total Fee
Management Fee
$0 - $249,999 0.36% 0.64% 1.00%
$250,000 - $500,000 0.34% 0.61% .95%
$500,001 - $1,000,000 0.31% 0.54% .85%
$1,000,001 - $2,000,000 0.27% 0.48% .75%
$2,000,001 - $3,000,000 0.23% 0.42% .65%
$3,000,001 - $5,000,000 0.20% 0.35% .55%
$5,000,001 - AND UP 0.16% 0.29% .45%
Fees for selection of AssetMark as third-party adviser are withdrawn directly from the
client's accounts with client's written authorization. The advisory fee is calculated using
the value of the assets in the Account on the last business day of the prior billing period.
Fees are paid quarterly in advance.
A&O may direct clients to SEI. The annual fee schedule is as follows:
Total Assets Under Third Party’s
A&O’s Fee Total Fee
Management Fee
$0 - $999,999 1.00% 0.00% 1.00%
$1,000,000 - $2,999,999 .75% 0.00% .75%
$3,000,000 - AND UP .50% 0.00% .50%
Fees for selection of SEI as third-party adviser may be invoiced and billed directly to the
client. Fees are paid quarterly in arrears. IA uses the value of the account as of the last
business day of the billing period, for purposes of determining the market value of the
assets upon which the advisory fee is based.
Portfolio Management Fees - SMAs
A&O may recommend model portfolio management through SEI Private Trust Company
(SPTC). The annual fee schedule is as follows:
Total Assets Under Third Party’s
A&O’s Fee Total Fee
Management Fee
$0 - $999,999 0.25% 0.50% 0.75%
$1,000,000 - $2,999,999 0.25% 0.45% 0.70%
$3,000,000 - AND UP 0.25% 0.40% 0.65%
SEI Wealth Platform charges a fee on small accounts, this fee is $60 annually for accounts
under $50,000.
The value of the account as of the last business day of the billing period, for purposes of
determining the market value of the assets upon which the advisory fee is based. Portfolio
Management Fees – SMAs are withdrawn directly from the client's accounts with client's
written authorization on a quarterly basis or may be invoiced and billed directly to the
client on a quarterly basis. Clients may select the method in which they are billed. Fees
are paid in arrears. Please see Item 15 for additional information regarding the direct
deduction of fees.
Pension Consulting Services Fees
Asset-Based Fees for Pension Consulting
Bundled Pricing
Assets Total OBS Fee Advisor Fee Total Combined Fee
$10,000 - $500,000 0.50% 0.25% 0.75%
$500,000 - $750,000 0.45% 0.25% 0.70%
$750,000 - $1,000,000 0.40% 0.25% 0.65%
$1,000,000 - $2,000,000 0.37% 0.25% 0.62%
$2,000,000 - $4,000,000 0.34% 0.25% 0.59%
$4,000,000 - $5,000,000 0.31% 0.25% 0.56%
$5,000,000 - $10,000,000 0.21% 0.25% 0.46%
$10,000,000 and above 0.16% 0.25% 0.41%
Unbundled
Bundled Pricing is recommended Pricing
for accounts (Transactional)
under $240,000 (breakpoint based on SAF of fee of 1%).
Assets Total OBS Fee Advisor Fee Total Combined Fee
$10,000 - $500,000 0.35 % 0.25 % 0.60 %
...