Fees and Compensation — Form ADV Part 2A (3/29/2022)
[Brochure]
Item 5 – Fees and Compensation
Management fees for Bowling’s services typically are based on the assets under management, calculated quarterly as a
percentage of assets and payable quarterly, in arrears. Bowling’s standard management fee schedule is 1% annually for
its Equity Strategies which include the Large Cap Equity, All Cap Equity, Small Cap Equity and Small Cap Value strategies.
The fee for the Tactical Asset Allocation and Fixed Income strategies is generally between .50% and 1% annually. Fees
are based on the value of the assets in the account as determined by the Firm at the end of each calendar quarter. Bowling
reserves the right to negotiate its management fee schedule with individual clients.
Bowling submits an invoice at the end of each quarter to each client. Generally, the custodian holding the client’s account
will deduct Bowling’s fees and any other custodial fees directly from the client’s account to facilitate billing, provided the
client has given written authorization. The qualified custodian will send an account statement at least quarterly which will
detail all account activity. The exact fee and fee deduction policy will be set out in the investment advisory agreement and
custodial agreement between Bowling and the client and the custodian and the client, respectively. The method of payment
may be changed at any time by contacting the firm for the appropriate paperwork.
Bowling’s management fee is exclusive of, and in addition to fees charged by qualified custodians. Such
custodial/brokerage fees may include commissions, transaction fees and other related costs and expenses, which the
client will pay. These commissions and fees are compensation to the custodian, not to Bowling and will vary depending
on the custodian.
It should be noted for client accounts invested in mutual fund shares, either closed-end or open-end mutual funds, or
exchange traded funds, Bowling’s management fees are separate and distinct from the fees and expenses paid by its
shareholders to the fund. These fees and expenses are disclosed in each fund’s prospectus and generally include a
management fee, other fund expenses and a possible distribution fee.
When a client opens an account, the client will be charged a pro-rated fee for the quarter in which the account was opened,
at the end of the calendar quarter. Subsequently, the account will be included in the firm’s regular quarterly billing cycle.
A client may terminate their investment advisory agreement at any time, effective upon a written notice to the Firm. Fees
for that quarter will be pro-rated based on the number of days the account was under management for the quarter and the
total value of the assets on the day the termination notice was received.
Account Minimums and Types of Clients — Form ADV Part 2A (3/29/2022)
[Brochure]
Item 7 – Types of Clients
Bowling generally provides investment advisory services to a wide variety of clients including individuals, pension and
profit sharing plans, trusts, estates, charitable organizations, foundations, endowments, corporations and wrap program
sponsors.
Bowling generally requires a minimum of $300,000 for new accounts. The Firm may waive the minimum or require a
higher minimum at its discretion, depending on the specific strategy selected and the client’s circumstances.
In circumstances where Bowling serves as an adviser within the wrap program, the account minimums are determined by
the Firm’s agreement with the program sponsor.