Item 5 Fees and Compensation
Certain Legacy Clients will have different fee schedules than what is disclosed below.
Investment Management Services
Our fee for investment management services is based on a percentage of the assets in your account
and is set forth in the following annual fee schedule.
*Annual Fee Schedule
Assets Under Management Annual Fee
$0 - $500,000 Up to 1.35%
$500,001 - $1,000,000 Up to 1.20%
*$1,000,001 - $2,000,000 Up to 1.15%
$2,000,001 - $3,000,000 Up to 0.96%
$3,000,001 - $5,000,000 Up to 0.88%
$5,000,001 - $10,000,000 Up to 0.74%
$10,000,001 - $20,000,000 Up to 0.54%
Over $20,000,000 Negotiable
*This fee schedule is applicable to the investment management services provided under
Comprehensive Portfolio Management services, Robo-Advisor Programs, and the Private Client
Group.
We charge an asset based fee for portfolio management services and a separate fixed or hourly fee for
financial planning and consulting services. The fees for financial planning and consulting are outlined
below. This fee is waived if we manage $1,000,000 of asset or more and the financial planning
requirements are in line with our standard offering. If the financial plan is beyond the standard level of
complexity and scope, our financial planning fees will apply.
Our annual portfolio management fee is billed and payable, quarterly in advance, based on the
balance on the last day of the previous quarter. If the portfolio management 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.
Financial Planning and Consulting Services
We generally charge a flat fee basis for stand-alone financial planning with a $5,000 minimum. The
total estimated fee, as well as the ultimate fee that we charge, is based on the scope and complexity of
the engagement. Flat fees generally range from $5,000 to $20,000 and may be lower or higher at the
discretion of the advisor. This fee is waived if we managed $1 million of assets or more. It is reduced
by 50% if we manage a minimum of $500,000.
We offer hourly consulting for situations that are limited and may not need comprehensive
planning. Hourly fees range between $175 and $400 for financial advice that are limited in scope. In
certain cases, our consulting fee may be calculated as a percentage of the assets. Financial planning
and consulting services may be ongoing and are indicated in the advisory agreement. For ongoing
services, we generally bill quarterly in advance in the absence of an ACH debit authorization set up via
AdvicePay, a third-party platform.
In certain instances, we require an initial payment of fifty-percent (50%) of the ultimate financial
planning or consulting fee with the remainder of the fee directly billed to the client and due to us within
thirty (30) days of the financial plan being delivered or consultation rendered. In all cases, we will not
require a retainer exceeding $1,200 when services cannot be rendered within 6 (six) months.
For a client not choosing to engage our firm for ongoing services the agreement will terminate no later
than 12-months from the date of the executed advisory agreement unless terminated earlier by our firm
or client, as indicated below.
Private Client Group
Our fee for the Private Client Group is based on a percentage of the assets in your account and billed
in accordance with the above annual fee schedule. Comprehensive financial planning is included for
those in the Private Client Group.
Bridgeworth Access Program
Bridgeworth Access Program fees generally range from $1,500 to $4,500 depending on the time,
complexity, number of calls or meetings and the scope of the engagement. Fees may be charged
monthly as agreed to in the advisory agreement. Family pricing for asset management is available to
children of existing clients.
Robo-Advisor Programs
Charles Schwab & Co., Inc.'s Program
Our fee for the CS&Co. Program is negotiable and based on a percentage of the assets in your
account and billed in accordance with the above annual fee schedule. Clients do not pay fees to SPT
or brokerage commissions or other fees to CS&Co. as part of the Program. Schwab does receive other
revenues, including (i) the profit earned by Charles Schwab Bank, SSB, a Schwab affiliate, on the
allocation to the Schwab Intelligent Portfolios Sweep Program described in the Schwab Intelligent
Portfolios Sweep Program Disclosure Statement; (ii) investment advisory and/or administrative service
fees (or unitary fees) received by Charles Schwab Investment Management, Inc., a Schwab affiliate,
from Schwab ETFs™ Schwab Funds® and Laudus Funds® that we select to buy and hold in the
client's brokerage account; (iii) fees received by Schwab from mutual funds in the Schwab Mutual Fund
Marketplace® (including certain Schwab Funds and Laudus Funds) in the client's brokerage account
for services Schwab provides; and (iv) remuneration Schwab receives from the market centers where it
routes ETF trade orders for execution. Brokerage arrangements are further described below in Item 12
Brokerage Practices. There is also a $10 quarterly servicing and administration fee that is included in
your standard billing schedule for this Program.
LPL's Guided Wealth Portfolios ("GWP")
...