Item 5: Fees & Compensation
A. Description of how we are compensated for our advisory services provided to you.
Wrap Comprehensive Portfolio Management:
Please refer to item 4 of the Wrap Brochure.
Financial Planning & Consulting:
We charge on an hourly or flat fee basis for financial planning and consulting services. The total
estimated fee, as well as the ultimate fee that we charge you, is based on the scope and complexity
of our engagement with you. Our hourly fee is $500. Flat fees generally range from $10,000 to
$100,000.
Management through Adhesion Services:
1 Please note that our method for computing the amount of “client assets we manage” can be different from the method for computing
“assets under management” required for Item 5.F in Part 1A of Form ADV. However, we have chosen to follow the method outlined for
Item 5.F in Part 1A of Form ADV. If we decide to use a different method at a later date to compute “client assets we manage,” we must keep
documentation describing the method we use and inform you of the change. The amount of assets we manage may be disclosed by rounding
to the nearest $100,000. Our “as of” date must not be more than three months before the date we last updated our Brochure in response
to Item 4.E of Form ADV Part 2A.
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Please refer to item 4 of the Wrap Brochure.
B. Description of whether we deduct fees from clients’ assets or bill clients for fees incurred.
Wrap Comprehensive Portfolio Management:
Please refer to item 4 of the Wrap Brochure.
Financial Planning & Consulting:
We require a retainer of one hundred percent (100%) of the agreed upon financial planning or
consulting fee. In all cases, we will not require a retainer exceeding $500 when services cannot
be rendered within 6 (six) months.
Management through Adhesion Services:
Please refer to item 4 of the Wrap Brochure.
C. Description of any other types of fees or expenses clients may pay in connection with our
advisory services, such as custodian fees or mutual fund expenses.
In addition to our advisory fees above, Clients may also pay holdings charges imposed by the
chosen custodian for certain investments, charges imposed directly by a mutual fund, index fund,
or exchange traded fund, which shall be disclosed in the fund’s prospectus (i.e., fund management
fees, initial or deferred sales charges, mutual fund sales loads, 12b-1 fees, surrender charges,
variable annuity fees, IRA and qualified retirement plan fees, and other fund expenses), mark-ups
and mark-downs, spreads paid to market makers, fees for trades executed away from custodian,
wire transfer fees and other fees and taxes on brokerage accounts and securities transactions.
Our firm does not receive a portion of these fees.
Wrap fee clients will receive our Form ADV, Part 2A, Appendix 1 (the “Wrap Fee Program
Brochure”). Wrap fee clients will not incur transaction costs for trades. More information about
this is disclosed in our separate Wrap Fee Program Brochure.
D. We must disclose if client’s advisory fees are due quarterly in advance. Explain how a client may
obtain a refund of a pre-paid fee if the advisory contract is terminated before the end of the billing
period. Explain how you will determine the amount of the refund.
We charge our advisory fees quarterly in advance. In the event that you wish to terminate our
services, we will refund the unearned portion of our advisory fee to you. You need to contact us
in writing and state that you wish to terminate our services. Upon receipt of your letter of
termination, we will proceed to close out your account and process a pro-rata refund of unearned
advisory fees.
E. Commissionable Securities Sales.
We do not sell securities for a commission in our advisory accounts.
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