Item 5 – Fees and Compensation
The fees and compensation payable to BakerAvenue are negotiable and vary among its Clients.
However, the range of compensation is generally as follows:
Asset Based Fee Schedule for Wealth Management Services (“Tiered”):
Minimum Fee $9,500 per annum
First $1,000,000 up to $2,500,000 0.95% (95 basis points per annum)
Next $2,500,000 up to $5,000,000 0.90% (90 basis points per annum)
Next $5,000,000 up to $10,000,000 0.80% (80 basis points per annum)
Next $15,000,000 up to $25,000,000 0.70% (70 basis points per annum)
Above $25,000,000 Varies
Family Office Clients and other Clients with established relationships may be subject to a different
fee schedule or rate. At our discretion, we may negotiate a Client’s fee schedule on a case-by-case
basis. All fees will be set forth in the Client’s written agreement with BakerAvenue at the beginning
of the relationship and any changes in the future will be clearly communicated. For the purposes
of fee calculation, assets under management may include cash and cash equivalents, as well as
margined securities.
Advisory Fees Charged to Clients Introduced by Third-Party Firms
As indicated above, BakerAvenue provides wealth management services to Clients introduced to
us by third-party firms. The advisory fees charged to Clients introduced to us by third-party firms
are based upon BakerAvenue's standard fee schedule disclosed above.
Baker Avenue Asset Management, LP 2A Disclosure Brochure Page 7
Advisory Fees Charged to Clients Introduced to Third-Party Managers by BakerAvenue
The advisory fees charged to Clients introduced to third-party managers are based upon
BakerAvenue's standard fee schedule disclosed above.
Advisory fees charged by third-party managers are separate and apart from BakerAvenue’s advisory
fees. Assets managed by third-party managers will be included in calculating our advisory fee.
Clients may be required to sign an agreement directly with the recommended third-party
manager(s). In such cases Clients may be able to terminate their advisory relationship with the
third-party manager according to the terms of their agreement with the third-party manager.
Clients should review each third-party manager's Form ADV 2A and/or alternative investment
subscription documents for specific information on how they may terminate their advisory
relationship with the third-party manager and how they may receive a refund, if applicable. Clients
should contact the third-party manager directly for questions regarding their advisory agreement
with the third-party manager.
Wealth and Financial Planning and Consulting Services (Stand-alone)
To the extent specifically requested by the Client, BakerAvenue may provide financial planning
and/or consulting services (including investment and non-investment related matters, including
estate planning, insurance planning, etc.) on a stand-alone fee basis. Registrant’s planning and
consulting fees are negotiable, but generally range from $2,000 to $10,000 on a fixed fee basis, and
from $225 to $300 on an hourly rate basis, depending upon the level and scope of the service(s)
required and the professional(s) rendering the service(s).
Corporate Trustee Services
To the extent specifically requested by the Client, BakerAvenue may facilitate corporate trustee
services through the use of a third-party corporate trustee, specifically, National Advisors Trust
Company. BakerAvenue does not charge a fee for the facilitation of said service. The corporate
trustee service is managed and administered entirely by National Advisors Trust Company,
completely separate from BakerAvenue. Neither BakerAvenue nor any personnel of BakerAvenue
serve in a trustee capacity for any clients utilizing the trustee services of National Advisors Trust
Company.
General Information on Advisory Services and Fees
In most cases fees are paid quarterly, in advance, using the value of the last day of the previous
quarter, unless otherwise agreed upon with BakerAvenue.
BakerAvenue will charge a pro-rated advisory fee on new accounts opened intra-quarter. The
amount(s) due is calculated using average daily balance for the number of days within the calendar
quarter the assets are under management. In addition, BakerAvenue will rebate for accounts
terminated intra-quarter. The amount rebated is calculated using the number of days within the
calendar quarter the assets were not under management.
Baker Avenue Asset Management, LP 2A Disclosure Brochure Page 8
Clients’ fees will be deducted from their managed accounts unless another manner is specified and
mutually agreed upon between the Client and BakerAvenue.
Termination and Refunds of Pre-Paid and Un-Earned Advisory Fees: All contracts with Clients
may be terminated at any time by either party (the Client or BakerAvenue) by delivering written
notice to the other. All transactions placed at the Client’s custodian up to BakerAvenue’s receipt of
the termination notice will be completed by the Client’s broker custodian; no other transactions
will be placed by BakerAvenue after receipt of the termination notice.
As noted above, all un-earned, pre-paid advisory fees will be promptly refunded to the Client by
BakerAvenue upon termination. Termination of the advisory relationship is completed as soon as
practically possible.
Expenses: Generally, BakerAvenue’s fees are exclusive of brokerage commissions, transaction fees,
and other related costs and expenses which shall be incurred by the Clients. Such charges, fees and
commissions are exclusive of and in addition to BakerAvenue’s advisory fee, and BakerAvenue shall
not receive any portion of these commissions, fees, and costs.
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