Fees and Compensation — Form ADV Part 2A (2/29/2016)
[Brochure]
Fees and Compensation
Clients pay a wrap-fee of 1.25% of their total assets under management. This fee
includes maintaining an account with Athena Leadership Corp., advisory services,
research, transaction (trade) costs, custodian costs, administration, account reporting and
Updated: November 11, 2014. Copyright Athena Leadership Corp.2014. All Rights Reserved
any other incidental expenses associated with account maintenance. Athena Leadership
Corp. only provides investment management and advice through the wrap fee program
and services cannot be purchased separately. Fees are non-negotiable.
Athena Leadership Corp.’s fee structure is not charged in advance. Fees are calculated on
a monthly basis and deducted from client accounts. Fee calculation is done by
multiplying the applicable annual fee rate by the end-of-month account balance and
dividing by twelve.
Fee Example: An account with a balance of $5,000 at market close would have a
monthly fee equal to $5.20 --- ($5,000 x 1.25% / 12)
Athena Leadership Corp. can utilize outside investment advisors through investments in
ETFs and Closed End Funds. The fees associated with investing in third party
investment managers is included in Athena Leadership Corp.’s wrap fee. All fees are paid
directly to Athena Leadership Corp.
Assets Under Management
As disclosed in Athena Leadership Corp.’s Form ADV Part 1, the firm manages $500 of
client assets on a discretionary basis. The total is calculated as of November 2014. The
firm manages no assets on a non-discretionary basis due to its regulation status.
Account Requirements and Types of Clients
Athena Leadership Corp. accepts all clients with a minimum initial deposit of $500. All
clients are provided with the same services. Fees for clients vary based on account
balance and this is detailed in section titled Services, Fees and Compensation. Athena
Leadership Corp. is only accepting individual clients at this time.
Portfolio Manager Selection and Evaluation
Athena Leadership Corp. manages all client portfolios directly, but may invest in ETFs
and Closed End Funds allowing for third party investment managers. Athena Leadership
Corp. performs due diligence on the various investment managers and had selects them
for their expertise in different asset classes. All clients are enrolled in the Wrap Fee
Program.
Client Information Provided to Portfolio Managers
Athena Leadership Corp. shares no personal information is shared with other portfolio
managers. The only information transmitted is the size of the position within the clients
portfolio.
Updated: November 11, 2014. Copyright Athena Leadership Corp.2014. All Rights Reserved
Client Contact with Portfolio Managers
Athena Leadership Corp. will, by request, provide information to clients regarding third
party portfolio managers.
As an Internet advisor defined by SEC rule [17 CFR 275.203A-2], Athena Leadership
Corp. may only provide investment advice through the interactive website located at
www.athenaleadershipcorp.com
Technical support can be reached at support@athenaleadershipcorp.com
Additional Information
N/A