Item 5 – Fees and Compensation
How We Are Compensated for Our Advisory Services
JN Private Wealth Management’s fees for advisory services vary among the different types of advisory
services we offer and may be negotiated at our sole discretion. The specific fees and manner in which
fees are charged and calculated are described in your investment advisory agreement. You should
carefully review the investment advisory agreement prior to signing it.
Fees for our advisory services may be higher than fees charged by other advisers who offer similar
services. You may be charged different fees than similarly situated clients for the same services. You
should carefully review this brochure to understand the fees and other sources of compensation that
exist among our services prior to entering into an investment advisory contract with our firm.
Investment and Wealth Management Services
JN Private Wealth Management offers investment and wealth management advisory services under a
tiered fee schedule according to the following table:
Amount of Household Assets Under Management Advisory fee
$1-250,000 1.50%
On the next $251,000 – 500,000 1.35%
On the next $501,000 - 750,000 1.15%
On the next $751,000 - 1,000,000 1.00%
On the next $1,001,000 – 2,500,000 0.85%
On assets over $2,500,000 Negotiable
Fees are generally billed in advance each calendar quarter based on the market value of the assets
under management/advisement on the last day of the previous calendar quarter. JN Private Wealth
Management, in our sole discretion, may negotiate fees based upon certain criteria, including, but not
limited to, anticipated future earning capacity and/or additional assets, dollar amount of assets to be
managed, related accounts, account composition, pre-existing client relationships, account retention,
and pro bono activities. For investment and wealth management services JN Private Wealth
Management provides to certain clients, or for specific client holdings (e.g., held-away assets, 529 plans,
etc.), we may negotiate a fee rate that differs from our standard fee.
Fees may be based on cumulative household assets under management. However, certain ERISA rules
prevent householding corporate plans with personal assets for fee reductions. You should refer to your
advisory agreement for your specific fee rate(s).
Selection of Independent Managers
Fees for Independent Managers are set forth by the Independent Manager which may be included in or
in addition to JN Private Wealth Management’s fees. You should refer to the Independent Manager’s
Form ADV Part 2A Brochure for information on their fees and compensation.
Programs Offered Through Wells Fargo
Fees for advisory programs offered through Wells Fargo are inclusive of JN Private Wealth
Management’s and Wells Fargo’s advisory fees and are as follows:
Program Program Type Maximum Annual Advisory Fee
Personalized Unified Unified Managed Account 1.5%
Managed Account
Private Advisor Separately Managed 1.5%
Network Account
FundSource® Mutual Fund Advisory 1.5%
Program
Advisory fees for the third-party manager utilized through the Private Advisor Network Program are not
included in the above program fee. You pay for the services of the third-party manager separately. You
should refer to your advisory agreement for your specific fee rate(s).
Wells Fargo will calculate and directly debit advisory fees from the clients’ accounts for assets within
their programs. The value of assets held in any Wells Fargo program is excluded from the amount of
total household assets used to determine JN Private Wealth Management’s advisory fees for other
assets of a client that are managed by JN Private Wealth Management. You should refer to your advisory
agreement for your specific fee rate(s).
Existing clients will be grandfathered and charged according to their existing fee rate. You should refer
to your advisory agreement for your specific fee rate(s).
Financial Planning and Consulting Services
Fees for financial planning and/or consulting services are determined prior to the engagement and billed
at a fixed rate and typically will not exceed $20,000. Fees are due and payable as incurred. Family Office
Services will be negotiated under these same arrangements.
Factors we consider when determining our financial planning and consulting fees include, but are not
limited to:
● The amount of time we expect to spend completing the financial planning or consulting services
and providing related advice;
● The complexity of your goals, issues and/or needs;
● The extensiveness and complexity of the data needed regarding your personal financial
information;
● Your net worth or the value of your investment accounts and/or other assets that are the
subject of the financial planning or consulting services; and/or
● Special circumstances related to life changes, marital status, health or special income needs, or
growth or decline of a personal business.
JN Private Wealth Management may request a retainer to initiate financial planning and consulting
services; however, we will not request the prepayment of fees more than $1,200 in advisory fees more
than six months in advance.
You may engage JN Private Wealth Management for additional investment management services to
assist with implementing one or more financial planning recommendations. You will incur additional
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