Item 5 Fees and Compensation
A.
BRIGHTON JONES PERSONAL CFO (PCFO) FEES
Brighton Jones’ annual investment advisory fee shall include: 1) financial planning and
consulting services; 2) discretionary investment management services; and 3) continuous
monitoring and reporting services. In the event the client requires extraordinary planning
and/or consultation services (to be determined in the sole discretion of Brighton Jones), we
may determine to charge for such additional services, the dollar amount of which shall be
set forth in a separate written notice to the client.
Brighton Jones’ annual fee for PCFO services generally ranges between 0.35% and 1.25%
of total assets benefiting from Brighton Jones’ financial planning and consulting and/or
discretionary investment management services. This generally will apply to a client’s entire
investable net worth, except those assets that have been specifically designated as Excluded
Assets. Brighton Jones generally imposes a minimum annual fee of $10,000. For clients
whose circumstances involve greater complexity (such as broader balance sheet oversight,
advanced estate or tax planning needs, or substantial investable assets) Brighton Jones will
in some cases impose a higher minimum fee. Any such increased minimum will be
determined at our discretion and communicated clearly to the client prior to engagement.
All fees are subject to negotiation.
Brighton Jones’ fee shall vary depending upon various objective and subjective factors,
including but not limited to: the representative assigned to the account, the amount of assets
to be invested, the complexity of the engagement, the anticipated number of meetings and
servicing needs, related accounts, future earning capacity, anticipated future additional
assets, and negotiations with the client. As a result, similar clients could pay different fees,
which will correspondingly impact a client’s net account performance. Moreover, the
services to be provided by Brighton Jones to any particular client could be available from
other advisers at lower fees. All clients and prospective clients should be guided
accordingly.
Depending upon perceived or anticipated market conditions/events (there being no
guarantee that such anticipated market conditions/events will occur), Brighton Jones will
in some cases maintain cash and cash equivalent positions (such as money market funds)
for defensive, liquidity, and other purposes. Unless otherwise agreed in writing, all such
cash positions are included as part of assets under management for purposes of calculating
Brighton Jones’ investment advisory fee. Similarly, the value of any accrued interest and
accrued dividends will be included as part of assets under management for purposes of
calculating Brighton Jones’ investment advisory fee.
FAMILY OFFICE FEES
Fees for our family wealth and legacy planning services begin at $62,500 per calendar
quarter, billed in advance. These fees are subject to an annual adjustment on the anniversary
of the agreement’s effective date to account for changes in the Consumer Price Index for
All Urban Consumers (CPI-U), as published by the U.S. Bureau of Labor Statistics or a
successor index. The adjustment is based on the percentage change in the CPI-U over the
prior 12 months. Clients who pay Family Office fees will also receive discretionary
investment management services if they so desire.
OPENPLAN INDIVIDUAL FINANCIAL PLANNING (IFP) FEES
OpenPlan charges a fixed fee for its: 1) financial planning and consulting services; and 2)
continuous monitoring and reporting services. This includes an implementation fee of
$2,500 and a monthly monitoring fee of $150. Fees are negotiable.
OpenPlan’s annual discretionary investment management fee generally ranges between
0.50% - 0.95% of total assets placed under our management, paid quarterly, in advance,
based upon the market value of the assets on the last business day of the previous quarter,
including any accrued interest. We will in some cases, at our discretion, charge a lower
fee. This fee only applies to clients who opt in to OpenPlan’s discretionary investment
management service and applies only to the assets the client has specifically requested this
service for in writing. The services to be provided by OpenPlan to any particular client
could be available from other advisers at lower fees. All clients and prospective clients
should be guided accordingly.
OPENPLAN RETIREMENT PLAN ADVISORY (RPA) FEES
OpenPlan also provides retirement consulting / management services, pursuant to which it
assists sponsors of self-directed retirement plans with the selection and/or monitoring of
investment alternatives from which plan participants shall choose in self-directing the
investments for their individual plan retirement accounts.
The terms and conditions of the retirement plan / pension consulting services engagement,
including the negotiable fee, shall be set forth in an agreement between OpenPlan and the
plan sponsor.
OpenPlan charges Financial Wellness Consulting Fees, which vary from engagement to
engagement. Typically, these engagements involve a fixed fee (generally ranging between
$5,000 and $25,000) and an hourly component (generally ranging between $150 and $300
per hour) subject to the terms and conditions of the agreement between the client and
OpenPlan. The total fees for Financial Wellness Consulting services will vary depending
on the number of seminars, length of the seminars, the number of employees participating
in the program and the professional providing the service.
REAL ESTATE CONSULTING SERVICES FEES
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