Item 5 - Fees and Compensation
CCWM charges for its services on a fully disclosed basis per the terms and conditions of an Investment
Advisory Agreement or Financial Planning and Consulting Agreement, in one of the following manners:
Fixed Annual Fee. In such fee arrangements, CCWM will consider various objective and subjective
factors including but not limited to, such as the amount of assets to be managed, the scope and
complexity of the engagement, anticipated meetings and consulting services to be rendered. This
annual fee is payable in either four equal quarterly installments or twelve equal monthly installments,
in arrears or in advance. Each year the annual fee is reviewed, and if adjusted, such adjustment is
confirmed, in writing. The terms of the engagement shall be confirmed in an Investment Advisory
Agreement between CCWM and the client. The vast majority of CCWM’s client engage CCWM on a
fixed annual fee basis.
Assets Under Management. In such fee arrangements, the client pays CCWM a fee based upon a
percentage of the assets under CCWM’s management (i.e., mutual funds, exchange traded fund,
Independent Managers, private investment funds, money market accounts, etc.) per the following fee
schedule:
Traditional Fixed Income (Treasury, Sovereign, Agency, Municipal, and IG Corporate Bonds)
All amounts - 10 basis points
All Assets Excluded from Above
First $10 million – 75 basis points
Next $15 million – 50 basis points
Next $25 million – 40 basis points
Citrin Cooperman Wealth Management, LP
Form ADV Part 2A
Thereafter – 30 basis points
The fee is payable on a quarterly basis, in arrears, based upon the value of the accounts on the last day
of the previous quarter. No increase in the annual fee percentage is effective without prior written
notification to the client. The terms of the engagement shall be confirmed in an Investment Advisory
Agreement between CCWM and the client. Please Note: Conflict of Interest: Although CCWM will
allocate client assets consistent with the client’s designated investment objective, the fact that CCWM
earns a higher fee for management of securities other than traditional fixed income as referenced in
the above fee schedule, CCWM has a conflict of interest since it will present an economic incentive
to allocate more assets to those types of securities from which it will earn a higher advisory fee. ANY
QUESTIONS: CCWM’s Chief Compliance Officer, Michael Dooley, remains available to address
any questions regarding this conflict of interest.
Hourly Fees. CCWM can also be engaged to provide financial planning and/or consulting services
on an hourly rate basis per the terms and conditions of a Financial Planning and Consulting Agreement.
Fee Dispersion. CCWM may charge a lesser investment advisory fee, charge a flat fee, or waive its
fee entirely based upon certain criteria (i.e. anticipated future earning capacity, anticipated future
additional assets, dollar amount of assets to be managed, related accounts, account composition,
complexity of the engagement, grandfathered fee schedules, CCWM employees and family members,
courtesy accounts, competition, negotiations with client, etc.). Please Note: As result of the above,
similarly situated clients could pay different fees. In addition, similar advisory services may be available
from other investment advisers for similar or lower fees. ANY QUESTIONS: CCWM’s Chief
Compliance Officer, Michael Dooley, remains available to address any questions that a client or
prospective client may have regarding advisory fees.
Other Fees
The Firm’s advisory fees are exclusive of and in addition to brokerage commissions, transaction fees,
and other related costs and expenses which shall be incurred by the client. Clients may also incur
certain other charges imposed by custodians, brokers, third-party investment managers, and other
third-parties, such as interest charges, deferred sales charges, odd-lot differentials, transfer taxes, wire
transfer and electronic fund fees, and other fees and taxes on brokerage accounts and securities
transactions. Clients are responsible for the payment of these costs and expenses. Clients should
review all fees charged by CCWM and its custodians, brokers, and others to fully understand the total
amount of fees to be paid. Mutual funds, exchange-traded funds, investment advisors and private
funds also charge internal management fees, which are disclosed in a fund’s prospectus or offering
documents. CCWM will not receive any portion of these commissions, fees, or costs.