Item 5 – Fees and Compensation
We provide asset management and financial planning services for a fee. Our fees do not include
brokerage commissions, transaction fees, and other related costs and expenses. You may incur certain
charges imposed by custodians, broker-dealers and other third parties. These include fees charged by
managers, custodial fees, 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. Mutual
funds, money market funds and exchange-traded funds (ETFs) also charge internal management fees,
which are disclosed in the fund’s prospectus. These fees may include, but are not limited to, a
management fee, upfront sales charges, and other fund expenses. We do not receive any compensation
from these fees. All of these fees are in addition to the management fee you pay us. You should review
all fees charged to fully understand the total amount of fees you will pay. Services similar to those offered
by us may be available elsewhere for more or less than the amounts we charge.
You could invest in a mutual fund directly, without our services. In that case, you would not receive the
services provided by us which are designed, among other things, to assist you in determining which mutual
fund or funds are most appropriate to your financial condition and objectives.
Our Advisory-Agreement/Financial-Planning-Agreement defines what fees are charged and their
frequency.
1. Financial Planning and Consulting Fees
You may want us to create a financial plan or to provide you with consulting services. We will work with
you to create the financial plan or to provide you with financial consulting to assist you with your
investment strategy. We can provide analysis and recommendations for retirement needs, estate
planning needs, income tax planning, life and disability insurance needs, investment needs, and college
education planning. You can have us create a full financial plan or select any of the individual modules.
Plans will be presented to you within six months of the contract date, provided that all information needed
to prepare the plan has been promptly provided to us.
Grenda Group charges fees according to a fixed-fee arrangement depending upon the scope and
complexity of the services being performed. For example, Grenda Group may agree to provide tax
consulting and preparation services or family planning services for a fixed fee for a specified period. Fixed
fees are negotiable and will be determined on a case-by-case basis, depending on such factors as the
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nature and complexity of the services, staffing arrangements, size of the asset base. All fees will be agreed
upon in advance with each client. Consultation services without a financial plan require no minimum net
worth, and financial planning services require no minimum net worth.
Based upon your needs, we may also provide consultations throughout the year to advise and counsel
you about other financial issues. We can help you with transition planning, major transaction analysis,
coordinated with cash flow needs, retirement needs, estate planning needs, income tax planning, life and
disability insurance needs, investment needs, and college education planning.
If the plan is implemented through us, we may receive compensation from the sale of insurance products
or advisory services recommended in the financial plan. This compensation would be in addition to the
financial planning fee you pay. The fees and expenses you pay for the purchase of these products may be
more or less than the expenses you would pay should you decide to implement our recommendations
through another investment advisory firm or broker-dealer and are typically determined by the broker-
dealer or investment company sponsoring the product. Therefore, a conflict of interest may exist
between our interests and your interests since we may recommend products that pay us compensation.
We may have an incentive to recommend particular products based upon the potential compensation
rather than your needs. This potential conflict is addressed in our Code of Ethics.
All recommendations developed by us are based upon our professional judgment. We cannot guarantee
the results of any of our recommendations.
2. Asset Management Fee Schedule
Grenda Group does not require a minimum investment amount to be a client; however, Grenda Group
retains the right in its sole discretion to change this account size policy. Such waiver may cause a client to
be subject to an adjustment in fees. The fee charged is based upon the amount of money you invest;
however, there is no fee charged for cash and money market accounts.
Multiple accounts of immediately-related family members, at the same mailing address, will be
considered one consolidated account for billing purposes. The monthly fee will be charged for the total
of all of the accounts comprising the consolidated account. The total fee will be billed to one selected
Client account unless arranged otherwise between us. Fees are charged monthly, in arrears. Grenda
Group receives an asset management fee not to exceed 1.00% per annum of a clients' assets under
management. Payments are due and will be assessed on the last day of each month, based on the ending
balance of the account under management for the preceding month and will be calculated as follows:
Percentage Portfolio Size (AUM)
1.00% $0-$500,000+
The fee shown above is an annual fee and may be negotiable based upon certain circumstances. You will
be billed one twelfth of this amount on a monthly basis. No increase in the annual fee shall be effective
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