Fees and Compensation — Form ADV Part 2A (4/4/2022)
[Brochure]
Item 5 Fees and Compensation
Advisory Fees
For its services as an advisor to investment advisors and brokers, MIP charges a negotiable
Advisory Fee (the “Fee”) not exceeding 1.50% of assets under management annually. The Fee
arrangement is established directly with the client within the Advisory Agreement or is established
by the platform provider (e.g., Envestnet). The Fee may be billed and payable in arrears or in
advance on a monthly or quarterly basis.
Other Fees
MIP does not receive any consideration or fees beyond those paid by the client. Fees paid to MIP
are exclusive of all custodial and transaction costs paid to the client’s custodian, brokers, or other
third-party consultants. Please see Item 12 below for additional information. Fees paid to MIP are
also separate and distinct from the fees and expenses charged by mutual funds, ETFs or other
investment pools (generally including a management fee and fund expenses, as described in each
fund’s prospectus or offering materials). The client should review all fees charged by funds,
brokers, and others to fully understand the total amount of fees paid by the client for investment
and financial-related services.
Account Minimums and Types of Clients — Form ADV Part 2A (4/4/2022)
[Brochure]
Item 7 Types of Clients
Advisory Services
MIP provides advisory services to private funds, institutions, and high net worth individuals. There
is no minimum amount for a Portfolio; however, clients are generally expected to allocate an
aggregate of at least $10 million to MIP.