Item 5 – Fees and Compensation
The following paragraphs detail the fee structure and compensation methodology for services provided by the
Advisor. Each Client engaging the Advisor for services described herein shall be required to enter into a written
agreement with the Advisor.
A. Fees for Advisory Services
Investment Advisory Services
Investment advisory fees are paid quarterly, in advance of each calendar quarter, pursuant to the terms of the
Client agreement. Investment advisory fees are based on the market value of assets under management at the end
of the prior calendar quarter. Investment advisory fees range up to 1.75% annually based on several factors,
including: the complexity of the services to be provided, the level of assets to be managed, and the overall
relationship with the Advisor. Relationships with multiple objectives, specific reporting requirements, portfolio
restrictions and other complexities may be charged a higher fee.
The investment advisory fee in the first quarter of service is prorated from the inception date of the account[s] to the
end of the first quarter. Fees may be negotiable at the discretion of the Advisor. The Client’s fees will take into
consideration the aggregate assets under management with the Advisor. All securities held in accounts managed
by Icon will be independently valued by the Custodian. The Advisor will conduct periodic reviews of the
Custodian’s valuations.
Clients may make additions to and withdrawals from their account[s] at any time. However, reconciliations are
performed on a quarterly basis to capture if, in a given day, assets in excess of $50,000 are deposited into or
withdrawn from an account after the start of the quarterly billing period an adjustment is made in the form of a
credit or debit to reflect the interim change in portfolio value for the period between the date of the
deposit/withdrawal until the end of the quarter. For the initial period of an engagement, the fee is calculated on a
pro rata basis through the end of the quarter. In the event the advisory agreement is terminated, the fee for the
final billing period is prorated through the effective date of the termination and the unearned portion is refunded
to the Client, as appropriate.
The Advisor’s fee is exclusive of, and in addition to any applicable securities transaction and custody fees, and
other related costs and expenses described in Item 5.C below, which may be incurred by the Client. However, the
Advisor shall not receive any portion of these commissions, fees, and costs.
Use of Independent Managers – As noted in Item 4, Icon may implement all or a portion of a Client’s investment
portfolio utilizing one or more Independent Managers. To eliminate any conflict of interest, the Advisor does not
earn any compensation from an Independent Manager. The Advisor will only earn its investment advisory fee as
described above. Independent Managers typically do not offer any fee discounts but may have a breakpoint
schedule which will reduce the fee with an increased level of assets placed under management with an
Independent Manager. The total blended fee, including the Advisor’s fee and the Independent Manager’s fee, will
not exceed 2.00% annually.
B. Fee Billing
Investment Advisory Services
Investment advisory fees are calculated by the Advisor or its delegate and deducted from the Client’s account[s] at
the Custodian. The Advisor or its delegate shall send an invoice to the Custodian indicating the amount of the fees
to be deducted from the Client’s account[s] at the beginning of the respective quarter. The amount due is calculated
by applying the quarterly rate (annual rate divided by the number of days in the year, multiplied by the number of
days in the quarter) to the total assets under management with Icon at the end of the prior quarter. Clients will be
provided with a statement, at least quarterly, from the Custodian reflecting deduction of the investment advisory fee.
It is the responsibility of the Client to verify the accuracy of these fees as listed on the Custodian’s brokerage
statement as the Custodian does not assume this responsibility. Clients provide written authorization permitting
Icon to be paid directly from their account[s] held by the Custodian as part of the investment advisory agreement
and separate account forms provided by the Custodian.
Icon Wealth Partners, LLC
1980 Post Oak Boulevard, Suite 1300, Houston, TX 77056
Phone: (713) 904-5020 * Fax: (713) 904-5040
http://iconwp.com
Use of Independent Managers – For Client accounts implemented through an Independent Manager, the Client’s
overall fees will include Icon’s investment advisory fee (as noted above) plus investment management fees
and/or platform fees charged by the Independent Manager. The Independent Manager will assume the
responsibility for calculating the Client’s fees and deducting all fees from the Client’s account[s].
C. Other Fees and Expenses
Clients may incur certain fees or charges imposed by third parties, other than Icon, in connection with
investments made on behalf of the Client’s account[s]. The Client is responsible for all custody and securities
execution fees charged by the Custodian. The Advisor's recommended Custodian does not charge securities
transaction fees for ETF and equity trades in Client accounts, but typically charges for mutual funds and other
types of investments. The fees charged by Icon are separate and distinct from these custody and execution fees.
In addition, all fees paid to Icon for investment advisory services are separate and distinct from the expenses
charged by mutual funds and ETFs to their shareholders, if applicable. These fees and expenses are described
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