ITEM 5 - FEES AND COMPENSATION
Fee Schedule
Consulting Services
BPWA charges either an annual retainer fee, project fee, or hourly fee, depending on which types of
consulting services are being provided.
Financial Planning Services
BPWA’s financial planning services are charged on a project fee or hourly basis. Fees are determined
based on the nature and complexity of the planning services to be provided. Fees are subject to
negotiation and could vary depending on the client’s specific circumstances. The project fee includes the
development and delivery of the plan. BPWA will also periodically review plans upon request of the
client on an hourly basis.
Retirement Plan Consulting Services
BPWA’s charges advisory fees for retirement plan consulting services. The advisory fees are negotiable
and are charged based on a percentage of plan assets under the management, per a tiered fee schedule.
Beacon Pointe Wealth Advisors, LLC – Brochure Revised March 30, 2020
Our current advisory fee generally ranges from 0.05% to 0.50% of the plan assets or assets under
management.
Asset Management (“Managed Account Program”)
BPWA charges advisory fees to clients who are in the Program. The advisory fees are negotiable and are
charged based on a percentage of the market value of the portfolio under management, per a tiered fee
schedule.
Our current Program Fee ranges from 0.30% to 1.00% of assets under management.
Some accounts are under different fee schedules; the maximum fee rate is 1.65%. The advisory fees
noted above do not include the investment management fees charged by Independent Managers. In
some cases, the fees charged by the Independent Manager may be greater than those charged by
BPWA. Solely with respect to certain private fund investments made in the past, clients have negotiated
to pay a percentage of profits from such investments in lieu of a management fee.
Billing Method
Consulting Services
Clients with project-based consulting services under a retainer will generally be billed quarterly in
advance based on one fourth of the annual fee. Project fees are payable upon submission of the final bill
once the project is completed. The fee and payment terms for hourly engagements are negotiable.
Financial Planning Services
Financial planning services are generally paid on an hourly or fixed fee basis. Total hourly fees or stated
fixed fees are due and payable at the time of execution of the consulting agreement. All
consultations/plans shall be rendered within six months of the execution of the consulting agreement.
Retirement Plan Consulting Services
Advisory fees for retirement plan consulting services are generally paid in equal quarterly installments,
payable in arrears on the 15th business day of each calendar quarter during term of the agreement.
Asset Management (“Managed Account Program”)
BPWA’s advisory fees are generally payable quarterly in advance at the beginning of each calendar
quarter. We charge one fourth of the annual fee each quarter based on the market value of the client’s
portfolio as of the last day of the prior calendar quarter.
If a client contributes capital to the account, including the initial capital, on a date other than the last
day of a calendar quarter, we will charge the account a prorated portion of the fees for that calendar
quarter for that contribution based on the number of days remaining in that calendar quarter. Similarly,
if a client withdraws a portion of the assets from the account on any date other than the last day of a
calendar quarter, we will prorate the fees previously paid for that calendar quarter based on the
number of days elapsed in that quarter before the withdrawal and we will refund the unearned portion
to the client’s account. Fees for the initial quarter under management are pro-rated and charged in
arrears with the next quarter’s advance payment.
Beacon Pointe Wealth Advisors, LLC – Brochure Revised March 30, 2020
BPWA aggregates related client accounts for purposes of calculating the advisory fees applicable to each
client. BPWA also reserves the right to reduce or waive our fees for employee or family accounts and
certain client accounts.
With client authorization, BPWA will automatically withdraw BPWA’s advisory fee from the client’s
account held by an independent custodian. Typically, the custodian withdraws advisory fees from the
client’s account during the first month of each quarter based on BPWA’s instruction. All clients will
receive brokerage statements from the custodian no less frequently than quarterly. The custodian
statement will show the deduction of the advisory fee. We will make rare exceptions to this policy and
bill clients directly. In these rare cases, BPWA will send an invoice to the client who chooses not to have
advisory fees withdrawn directly from their custodian account. The invoice is payable upon receipt and
will include the fee calculation and amount due.
Other Fees and Expenses
BPWA’s fees do not include custodian fees or the fees charged by Independent Managers. Clients should
review the Independent Manager’s ADV 2 Brochure regarding fee schedules, other fees charged by
Independent Managers and applicable billing methods. Clients pay all brokerage commissions, stock
transfer fees, and/or other similar charges incurred in connection with transactions in the accounts from
the assets in the account, which are in addition to the fees the client pays to BPWA. See Item 12 -
Brokerage Practices below for more information. Clients in the Managed Account Program also pay
management fees of Independent Managers.
In addition, any mutual fund shares held in a client’s account may be subject to deferred sales charges,
12b-1 fees, and other fund-related expenses. The fund’s prospectus fully describes the fees and
expenses. All fees paid to BPWA for advisory services are separate and distinct from the fees and
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