ITEM 5: FEES AND COMPENSATION
A. METHODS OF COMPENSATION AND FEE SCHEDULE
A.1. ADVISORY SERVICES FEES
A.1.a. Fidelity Institutional Wealth Services Platform
Noyes’ fee for the services is an asset-based fee calculated as a percentage of the total market value of the managed
assets, calculated according to the following fee schedule. All fees are negotiable.
Account Value Annualized Investment Advisory Fee
All Assets 2.25% maximum
Noyes requires a minimum household portfolio value of $50,000 and a minimum quarterly fee of $250. For accounts
less than $45,000, clients may be able to obtain similar services at a more favorable economic arrangement.
To the extent Noyes negotiates a tiered fee schedule, the following account value tiers must mirror what’s below,
but the fee per tier may be negotiated. This grid is part of your advisory agreement. Please be advised that fees for
similarly situated customers may differ between Noyes Wealth Advisors due to a variety of circumstances.
You will authorize the qualified custodian to automatically deduct the fee and all other charges payable hereunder
from the assets in the account when due with such payments to be reflected on the next account statement sent to the
client. If insufficient cash is available to pay such fees, securities in an amount equal to the balance of unpaid fees
will be liquidated to pay for the unpaid balance. Noyes may modify the fee at any time upon five (5) days’ prior
written notice to you. In the event you have an ERISA-governed plan, fee modifications must be approved in writing
by you.
Asset-based fees are always subject to the investment advisory agreement between you and Noyes. Such fees are
payable quarterly in advance. The fees will be prorated if the investment advisory relationship commences otherwise
than at the beginning of a calendar quarter. Adjustments for significant contributions to your portfolio are prorated
for the quarter in which the change occurs; no adjustments will be made for withdrawals.
A client investment advisory agreement may be canceled by either party with five (5) days’ prior written notice.
Upon termination, any prepaid, unearned fees will be refunded to you within 30 days of receipt of your written
notice. You have the right to terminate an agreement without penalty within five business days after entering into the
agreement.
A.1.b. First Clearing, LLC Platform
For programs offered through Wells Fargo Advisors on the First Clearing, LLC platform, please refer to the
applicable WFA Program Wrap Fee Brochure.
A.1.c. Zacks Investment Management, Inc. (“Zacks”) Managed Accounts
For accounts managed by Zacks there will be a minimum of $100 per year with a minimum asset size of $5,000.
Zacks management services. Zacks fees are in addition to Noyes standard advisory fees.
A.2. FINANCIAL PLANNING SERVICES
Noyes offers either hourly or fixed fee arrangements to all financial planning clients. Financial planning fees will be
billed at the rate of $250 per hour or a fixed fee mutually agreed upon by the client and Noyes. Fixed fees are
computed based upon a good faith estimate of hours required to perform services. Noyes attempts to maintain parity
with hourly and fixed charges while allowing some flexibility in estimation, taking into account case complexity and
client-specific circumstances.
Fees will be based upon both the hourly fee and the number of hours to perform the requested services.
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You will be billed directly for such services. The financial planning agreement is for a period of one year, at which
point the client may choose to sign a renewal agreement. Noyes will provide an invoice for the renewal, which will
provide the details of cost and services being provided. Your payment of that invoice will constitute a renewal
under the terms of the initial agreement. If you choose not to renew, the agreement will simply expire upon
completion of this first year. Fees are payable upon completion of the engagement and are due immediately upon
receipt of invoice for the services. The agreement may be terminated at any time by providing written notice to all
appropriate parties. Services will be terminated upon receipt of such notice without penalty. You will receive a full
refund of all fees if the agreement is canceled within 5 days after the date the agreement is signed.
CLIENT PAYMENT OF FEES
B1. ADVISORY SERVICES
Noyes requires that you authorize the direct debit of fees from your accounts. Exceptions may be granted subject to
the firm’s consent for you to be billed directly for our fees. For directly debited fees, the custodian’s periodic
statements will show each fee deduction from the account. You may withdraw this authorization for direct billing of
these fees at any time by notifying us or your custodian in writing.
Noyes will deduct advisory fees directly from your account provided that (i) you provide written authorization to
your custodian, and (ii) the custodian sends you a statement, at least quarterly, indicating all amounts disbursed from
the account. If the cash portion of your Account is not sufficient to pay the advisory fees, the custodian may
liquidate assets selected by us or by the custodian to pay such fees.
Except for the first calendar quarter in which your Account is open, the investment advisory fee is paid in advance,
is due and payable on the first day of each calendar quarter. The investment advisory fee for the first calendar
quarter that your account is open will be payable with the following quarter’s investment advisory fee. For the
calendar quarter in which the agreement is terminated, the investment advisory fee will be prorated based upon the
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