Item 5: Fees and Compensation
BRS/F clients are free to choose to pay advisory fees on an hourly basis, flat fee basis, or flat
percentage on a straight tier basis of assets under management.
A. Fee Schedule
Investment Supervisory Services Fees for BRS: Flat Percentage of Assets Under
Management (AUM)
Fees are charged only on Regulatory Assets Under Management (RAUM) by BRS/F under the
Custodian selected by the Client in the Client’s Investment Advisory Contract (IAC). The
maximum fee would be 2% annually for all RAUM. Fees are negotiable depending upon the
needs of the client and complexity of the client’s investment objectives and whether investment
management is passive or active. The final fee schedule is included in the Investment Advisory
Contract executed by the Client. Unless otherwise disclosed and agreed in advance fees are paid
quarterly in arrears, and clients may terminate their contracts with thirty days’ written notice.
Because fees are charged in arrears, no refund policy is necessary. Clients may terminate their
accounts without penalty within 5 business days of signing the advisory contract.
Lower fees may be charged on RAUM or flat monthly fees may be charged for very high net
worth or ultra-high net worth clients of BRS/F who are also multi-family office clients of
TrueHaven or BRS/FOS. Clients of BRS/F who are also clients of BRS/FOS or TrueHaven and
who do not pay flat fees for all advisory services will pay lower fees on RAUM as indicated below
(assuming RAUM of $10,000,000 or more):
Quarterly Fee Annual Fee
BRS/FOS or TrueHaven Clients .15% .60%
Non BRS/FOS Clients .20% .80%
Asset management fees may be reduced from the above-stated rates for employees/family or
friends of BRS/F at our discretion.
Lower fees for comparable services may be available from other sources.
Terms, Conditions, and Disclosures Regarding Financial Planning
1. BRS Financial LLC does not charge any setup fees or termination fees for financial
planning services.
2. Financial planning fees are subject to negotiation and may be on an hourly or
fixed/flat fee basis.
3. Hourly Fees range from $250 to $750 per hour. Hourly rates are negotiable.
4. Flat fees for financial planning services for clients who are not fractional family office
clients range from approximately $3,000 to a maximum of $12,000 annually (payable
monthly, quarterly, or annually). Flat fees are negotiable. However, flat fees for
fractional family office service clients may exceed the maximum flat fee set forth
above and such clients may negotiate, on a case by case basis, a flat annual fee
payable monthly or quarterly, that encompasses services rendered for financial
planning, investment management, asset management, advisory services related to
risk assessment and management, life stewardship, generosity advising, and other
services requested by clients.
5. BRS Financial clients will, at all times, maintain the discretion to implement any
aspect of their financial plan.
6. BRS Financial clients may obtain a refund of any pre-paid fee if the advisory contract
or financial plan is terminated before the end of the billing period by providing an
email regarding their intent to terminate our relationship. Any pre-paid fees will be
refunded on a pro-rata basis from the date of termination provided in the email.
7. Financial planning agreement and any investment advisory contracts entered into by
clients with BRS Financial may not be assigned without express written consent,
which may be provided by clients via e-mail.
8. Clients have the right to terminate financial planning agreements without penalty
within five (5) business days of execution.
9. Financial planning related activities are conducted through BRS Consulting, Inc
(“BRS/C”). Family office services are conducted through TrueHaven and BRS
Family Office Services LLC (“BRS/FOS”). Fees for financial planning services are
charged only through BRS Financial LLC. No fees are charged for financial planning
related activities conducted through BRS/C or BRS/FOS. Consulting fees related to
multi-family office and multi-business office services provided through BRS/C or
BRS/FOS.
BRS/F fees are exclusive of brokerage commissions, transaction fees, and other related costs
and expenses which BRS/F clients will incur. These expenses include fees charged by
managers, custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire
transfer and electronic fund fees, or other fees and taxes on brokerage accounts and securities
transactions. Mutual funds and exchange traded funds also charge internal management fees,
which are disclosed in a fund’s prospectus. Such charges, fees and commissions are exclusive of
and in addition to BRS/F’s fee. We do not receive any portion of these commissions, fees, and
costs.
Neither BRS/F nor any of our investment advisory representatives (IARs) accepts
compensation for the sale of securities or other investment products. However, both BRS/C and
BRS/F IARs who are also insurance licensed representatives of BRS/C may receive
compensation in the form of commissions paid by insurance companies for the sales of life
insurance and annuity products.
Lower fees for comparable services may be available from other advisers,
sources, resources or platforms.
In states where required or allowed, advisory fees are withdrawn directly from the client’s
accounts with client written authorization. In cases where BRS/F fees are directly deducted, BRS
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