Item 5: Fees and Compensation
A. Adviser is compensated for its advisory services primarily by fees charged based on a client’s
assets under management with Adviser. However, clients may also opt for standalone financial
planning services per a fixed fee that generally ranges from $1,500 to $4,000. However, this fixed
fee for financial planning is a guideline and is subject to change according to the complexity of the
plan and the specific client’s circumstances. Financial planning fees will be due upon receipt of
the invoice. Fees are negotiable, and each client’s specific fee schedule is included as part of the
investment advisory agreement signed by Adviser and the client.
Adviser’s standard fee schedule for discretionary investment management is included below,
subject to negotiation with a client:
Client Assets Under Management Annual Fee Percentage
(paid quarterly)
For the first $500,000 1.25%
For the next $500,000 1.10%
For the next $2,000,000 0.90%
For the next $2,000,000 0.75%
For the next $2,500,000 0.65%
For any amount above $7,500,000 0.50%
B. The fee schedule above is a ‘tiered’ or ‘blended’ fee schedule, which means that different annual
fee percentages will apply to different ranges of client assets under Adviser’s management.
Clients whose assets are managed by a Third-Party Adviser will incur fees related to that
manager in addition to Adviser’s fees set forth above. Fees are deducted in arrears on a quarterly
basis from clients’ assets and based upon the average daily account balance of the previous
quarter, excluding any cash in the client’s account or any assets that Adviser does not manage.
For example, if your annual fee is 1.00%, and your account was funded for the entire quarter, the
average daily account value for the quarter will be multiplied by 1.00%, then divided by four to
determine our quarterly fee. Once the custodian calculates the fee owed, the custodian will
deduct the fee from your account and remit it to us. Each quarter, the client will receive a
statement from their account custodian showing all transactions in their account, including the fee
paid to us. Adviser encourages clients to carefully review the statements and confirmations sent
to them by their custodian. Please alert Adviser of any discrepancies. Clients whose fees are
directly debited will provide written authorization to debit advisory fees from their accounts held by
a qualified custodian. Such authorization is contained in the client’s investment management
agreement.
C. In addition to the fees charged by Adviser, clients will incur brokerage and other transaction costs.
Please refer to Item 12: Brokerage Practices, for further information on such brokerage and other
transaction-related practices. Clients will also typically incur additional fees and expenses
imposed by independent and unaffiliated third-parties, which can include qualified custodian fees,
mutual fund or exchange traded fund fees and expenses, mark-ups and mark-downs, spreads
paid to market makers, wire transfer fees, check-writing fees, early-redemption charges, certain
deferred sales charges on previously-purchased mutual funds, margin fees, charges or interest,
IRA and qualified retirement plan fees, and other fees and taxes on brokerage accounts and
securities transactions. Clients whose assets are managed by a Third-Party Adviser will incur
fees related to that manager. These additional charges are separate and apart from the fees
charged by Adviser.
D. If Adviser or client terminates the advisory agreement before the end of a quarterly billing period,
the pro rata fees earned through the effective date of the termination will be billed to the client.
Date of Brochure: March 7, 2025
When a client opens a new advisory account during a quarter, that client will pay a management
fee for the number of days left in that quarter, based on the date the account was funded.
Date of Brochure: March 7, 2025