Item 5 Fees and Compensation
How we are paid depends on the type of advisory services we perform. Below is a brief description of our fees,
however, you should review your executed Advisory Agreement for more detailed information regarding the
exact fees you will be paying. Please note, lower fees for comparable services may be available from other
sources.
Portfolio Management Services, Advising on Held-Away Accounts, and Annuity Planning Services
Our fee for portfolio management services, advising on held-away accounts, and annuity planning services is
based on a percentage of the assets in your account and is set forth in the following annual fee schedule:
Account Value Annual Advisory Fee
$0 - $1,000,000 1.00%
$1,000,001 - $2,000,000 0.85%
$2,000,001 and above 0.65%
Our annual fee is billed and payable, quarterly in arrears, based on the last business day of the quarter. The
above fee schedule is a straight tier. Our advisory fee is negotiable, at Advisor's sole discretion depending on
individual client circumstances. Assets in each of your account(s) are included in the fee assessment unless
specifically identified in writing for exclusion.
Our annual fee varies depending upon the market value of your assets under our management, the type and
complexity of the portfolio management services provided, as well as the level of administration requested
either directly or assumed by the client.
If the advisory agreement is executed at any time other than the first day of a calendar quarter, our fees will
apply on a pro-rata basis, which means that the advisory fee is payable in proportion to the number of days in
the quarter for which you are a client.
The client’s annual fee is based on an aggregate value of all managed accounts within the client’s established
household, including for assets held away or fee-based variable annuities. For these multiple accounts, we can
deduct an aggregated advisory fee from one selected account, if you direct us to do so. Advisory fees are directly
debited from client accounts held at an unaffiliated third-party custodian/broker- dealer or the client may choose
to pay by check.
If this Brochure was not delivered to the client at least 48 hours prior to the client entering into an advisory
agreement, the client has the right to terminate the agreement without penalty or fees within five (5) business
days after entering into the agreement. Thereafter, clients may terminate the advisory agreement upon 30
days written notice. You will incur a pro-rata charge for services rendered prior to the termination of the
agreement, which means you will incur advisory fees only in proportion to the number of days in the quarter
for which you are a client.
Financial Planning Services
We charge either a fixed fee of up to $1,500 for financial planning services or an hourly fee of $350. Fees are
negotiable depending on the scope and complexity of the plan, your situation, and your financial objectives.
Fees are due upon the delivery of the financial plan to the client.
For hourly engagements, an estimate of the total time/cost will be determined at the start of the advisory
relationship. In limited circumstances, the cost/time could potentially exceed the initial estimate. In such cases,
we will notify you and request that you approve the additional fee.
We will not require prepayment of a fee more than six months in advance and in excess of $1,200.
At our discretion, we may offset our financial planning fees to the extent you implement the financial plan
through our Portfolio Management Service.
If this Brochure were not delivered to the client at least 48 hours prior to the client entering into a financial
planning agreement, the client has the right to terminate the agreement without penalty or fees within five
(5) business days after entering into the agreement. Thereafter, You may terminate the financial planning
agreement upon 30 days written notice to our firm. Because financial planning fees are payable in arrears, you
will be responsible for a prorated fee based on services performed prior to termination of the financial planning
agreement.
Credits for Personal Tax Return Preparation & Estate Planning Services
Bolt is not compensated for the preparation of your taxes nor do we prepare taxes for clients. Bolt does not
provide legal advice. We may recommend third-party professionals as part of our portfolio management
and/or financial planning services provided to you, should you need such recommendation. Clients are not
required to utilize any third-party products or services that we may recommend, and we do not share in any
fees received by these third parties. Clients can receive similar services from other professionals at a similar or
lower cost.
At the discretion of Bolt, we may reimburse or pay for the cost of Personal Tax Return Preparation and/or Estate
Planning services. This is on a case-by-case basis. To be eligible for this benefit, we take into account client
tenure, account size, familial relationships, among other factors.
Educational Seminars and Workshops
Bolt Financial Group, Inc. also provides educational seminars and workshops for clients to learn more about
financial planning and investments. We may charge a fee up to $199 for the tuition of the course per person
and up to $50 for additional workshop supplies. This fee is paid in advance via electronic funds transfer. The
fee is fully refundable upon written notice by the Client to cancel their attendance. Fees are negotiable.
Additional Fees and Expenses
As part of our investment advisory services to you, we may invest, or recommend that you invest, in mutual
funds and exchange traded funds. The fees that you pay to our firm for investment advisory services are
...