ITEM 5: FEES AND COMPENSATION
A. FEE SCHEDULE
Portfolio Management Fees for the Risk Asset
and Fixed Income Portfolios
Bantam’s fees for Risk Asset accounts are scaled to the complexity of
the portfolios and the time required to manage them and communicate
with the client.
Fees could range from 0.25 percent to over two percent, with no fee
breakpoints. The fee is negotiable depending on the nature and
BANTAM 2026 FORM ADV PART 2A 12
complexity of the account and services required. The final negotiated
fee is attached as Exhibit II.
Discretionary Fixed Income portfolios are charged an annual 25 basis
points with no tiering. These portfolios are managed with fixed income
ETFs.
Non-discretionary Fixed Income portfolios will be price in the same
manner as Risk Asset accounts.
The management fee for the Risk Asset and Fixed Income Portfolios is
billed in advance on a monthly basis, unless other arrangements are
made. The fee is calculated using the value of the assets in the
Account on the last business day of the prior month, or (for the first
month) the weighted-average balance.
The final negotiated fee will be attached as Exhibit II of the
Investment Advisory Contract. Clients may terminate the agreement
without penalty for a full refund of Bantam's fees within five business
days of signing the Investment Advisory Contract. Thereafter, clients
may terminate the Investment Advisory Contract generally with 5
days written notice.
Clients will be refunded the unused portion of the last month’s
management fee on a pro-rata basis.
In limited instances, Bantam can alter the standard management fee
for the Fixed Income accounts if additional complexity and/or service is
required. Any deviation from the standard management fee would be
agreed to in advance, or, for existing clients, authorized by client
consent.
Pension Consulting Services Fees
Asset-Based Fees for Pension Asset Management
Pension asset management fees are the same as above for individual
accounts.
The pension asset management fee is billed in advance on a monthly
basis, unless other arrangements are made. It is calculated using the
value of the assets in the Account on the last business day of the prior
month, or (for the first month) the weighted-average balance.
BANTAM 2026 FORM ADV PART 2A 13
The final negotiated fee is attached as Exhibit II of the pension
consulting agreement.
Clients may terminate the agreement without penalty for a full refund
of Bantam's fees within five business days of signing the Investment
Advisory Contract. Thereafter, clients may terminate the pension
consulting agreement generally with 5 days' written notice.
Clients will be refunded the unused portion of the last months
management fee on a pro-rata basis.
Fixed and Hourly Fees for Pension Consulting
We anticipate almost all of our pension consulting work will be done on
a fixed-fee basis with the terms being agreed to in advance. In limited
instances, where the scope of the deliverables cannot be determined in
advance, we will use hourly billing according to our standard rate
schedule for Financial Planning, Consulting, and Investment Audit
Fees. (See Hourly Fees, below.)
The hourly fee for these services is between $30 and $2,000 per hour.
Clients will not be charged for compliance and supervisory review of
work done on their behalf, nor will they be charged for the normal
billing of their accounts. The final negotiated fee will be attached as
Exhibit II of the Investment Advisory Contract.
After receiving written notice, Bantam will stop work immediately and
(for fixed-fee engagements) refund the remaining monthly pension
consulting fee on a pro-rata basis, or (for hourly engagements) close the
account after charging any amounts due since the last payment.
Financial Planning and Consulting Fees
Bantam bills for financial planning, consulting, and investment audit
services on a fixed-fee and hourly fee basis.
Some of the firm’s consulting work will be done on a fixed-fee basis,
where specific deliverables are provided for an agreed upon price.
However, in many instances, where the scope of the deliverables
cannot be determined in advance, we will bill according to the hourly
fee schedule below.
Hourly Fees
BANTAM 2026 FORM ADV PART 2A 14
The hourly fees for financial planning, consulting, and investment
audit are between $30 and $2,000 per hour. Clients will not be
charged for compliance and supervisory review of work done on their
behalf, nor will they be charged for the normal billing of their accounts.
The standard rate schedule is as follows:
• Executives: $2,000/hour
• Specialists: $600/hour
• Investment Advisors: $300/hour
• Analysts: $250/hour
• Administrators: $90/hour
• Data Entry: $30/hour
Almost all financial planning, consulting, and investment audit work
will be done by Bantam’s Investment Advisors and Analysts. We
anticipate that most engagements will have a blended hourly rate
between $700 and $800 per hour.
Fixed fees are billed monthly, in advance. Hourly fees are billed every
two weeks, in arears, typically by credit card or ACH debit. Bantam
does not custody client’s credit card data. Both clients and Bantam
may terminate the financial planning, consulting, or investment audit
services at any time.
After receiving written notice, Bantam will stop work immediately and
(for fixed-fee engagements) refund the remaining financial planning,
consulting, or investment audit monthly fee on a pro-rata basis, or (for
hourly engagements) close the account after charging any amounts due
since the last payment.
Non-trading Investment Consulting Services
Fees
Bantam charges a fixed annual fee for non-trading investment
consulting services that is negotiated with the client and based on the
deliverables requested.
...