Item 5: Fees and Compensation
Financial Planning Services Fees
Crown's Financial Planning fees are determined based on the nature of the services being provided and
the complexity of each client's circumstances. All fees are negotiated and agreed upon prior to entering
into a contract with any client.
Hourly Financial Planning Consultation Services: Our Financial Planning fees are calculated and
charged on an hourly basis, ranging from $25 to $500 per hour. Although the length of time it will take
to provide a Financial Plan will depend on each client's personal situation, we will provide an estimate
for the total hours at the start of the advisory relationship. The total fees may be higher than estimated.
Fees for hourly financial planning consultation services will be billed to the client after the services
have been rendered and will be payable upon receipt of the bill. Any financial planning consultation
services terminate upon the delivery of such services to client.
A Written Financial Plan: The fee for a financial plan will vary depending upon the nature of the
services being provided and the complexity of each client's circumstances. The fees for this service
generally range from $1,000 to $25,000 and will vary based on the depth and scope of the plan and the
experience of the Advisory Associate. The fee will be stated and agreed upon in advance. Fees for a
financial plan will be payable half in advance and the balance upon completion of the services. A client
will have a period of five (5) business days from the date of the signing the engagement agreement to
unconditionally rescind the agreement and receive a full refund of all fees. Thereafter, a client
engagement agreement may be canceled at any time, by either party, for any reason upon receipt of
written notice. Upon termination of an engagement, any prepaid, unearned fees will be promptly
refunded. Clients will be liable for any fees earned but not paid at the time of cancelation. The client
engagement agreement will terminate upon delivery of the written financial plan.
An Annual Financial Planning Service Agreement: An Annual financial planning service agreement
includes a financial analysis, any updates in the financial analysis as requested by the client and
consultation services upon the client's request during the year's period. The fee for the annual financial
planning agreement will be charged as a flat dollar amount and generally range from $2,500 to $20,000
annually. Fee will not be based upon capital gains or capital appreciation of a client's account. The
Crown Capital Securities, LP - IA firm brochure Page 10 of 34 03/31/2023
annual fee will be stated and agreed upon in advance. Fees for an annual financial planning service
agreement will be payable quarterly in advance. A client will have a period of five (5) business days
from the date of the signing the service agreement to unconditionally rescind the agreement and receive
a full refund of all fees. Thereafter, a service agreement may be canceled at any time, by either party,
for any reason upon receipt of written notice. Upon termination of a service agreement, any prepaid,
unearned fees will be promptly refunded. Clients will be liable for any fees earned but not paid at the
time of cancelation. The client service agreement will terminate one (1) year from the execution of the
service agreement.
Investment Supervisory Services Fees
Crown Heritage Program Fees (Wrap or Non-Wrap Managed Account Program)
As the Crown Heritage Adviser360 is a wrap fee program, transactions are effected "net" (i.e., without
commission), and a portion of the wrap fee is generally considered to be in lieu of commission.
Therefore, Crown does not negotiate commission rates with broker dealers. Clients pay a single fee for
advisory, brokerage and custodial services. However, there are other fees the client may pay in addition
to the wrap fee, including fees and expenses charged by mutual funds and ETFs to their shareholders,
mark-ups, mark-downs, spreads paid to market makers, IRA maintenance fees, exchange fees, transfer
taxes or certain administrative fees for wire transfers and certificate issues. (Clients can also select a
non-Wrap account option, which will incur additional transaction costs, such as ticket charges and
confirmation charges.) You should review the mutual funds' prospectus and/or the custodian's pricing
schedule, available from your Adviser, to understand these set-apart fees.
Clients will be charged advisory fees based on an annualized percentage of the value of the assets in the
Crown Heritage account. These fees may be negotiable at the sole discretion of management.
Clients will pay a maximum advisory fee according to the following schedule:
Heritage Program Fee Schedule
Value of Account Assets Annual Fee
First $500,000 2.00%
Next $500,000 1.50%
Next $1,000,000 1.00%
For example, if a client's account is valued at $1,500,000, the annual fee will be calculated as follows:
($500,000 x 2.00%) + ($500,000 x 1.50%) + ($500,000 x 1.00%).
Billing
The fee will be assessed and billed quarterly in advance if the client selects the non-wrap option. The
Adviser360 Wrap account option is billed monthly in arrears.
The fee for any given calendar quarter is debited by the custodian from the client's account at the
beginning of the calendar quarter, based on the total portfolio value as of the last business day of the
preceding calendar quarter. The fee for the Adviser360 option is debited by the custodian from the
client's account on the first or second business day of each calendar month, based on the total portfolio
value as of the last business day of the preceding calendar month.
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