Fees and Compensation — Form ADV Part 2A (3/29/2016)
[Brochure]
Item 5 – Fees and Compensation
In connection with its management of investment advisory accounts pursuant to its
independent fiduciary services, MCG charges a fee based on a percentage of assets under
management.
In connection with its investment consulting services, MCG negotiates an annual fee with
its clients based upon a variety of factors, including the value of the assets controlled by the
client, the number of investment managers retained by the client, and the frequency with
which MCG is expected to present evaluation summaries to the client.
In connection with its proxy‐related activities, MCG charges its clients a fee between $350
to $10,000 per equity portfolio over which MCG is directed to act as proxy, provided that
such fee may be adjusted dependent upon the number of portfolios maintained by the
client and the number of equity investments within each such portfolio.
Independent fiduciary, investment consulting and proxy arrangements between MCG and
its clients are on an at will basis and fully negotiable. In the event of termination of any
such arrangement, fees relating to services not yet rendered are refunded in full.
The specific manner in which fees are negotiated and charged by MCG is established in a
client’s written agreement with MCG. All of the fees that MCG charges its clients are subject
to negotiation. MCG will generally bill its fees on a quarterly basis. MCG does not deduct
fees from clients’ assets, but rather bills clients for fees incurred.
Account Minimums and Types of Clients — Form ADV Part 2A (3/29/2016)
[Brochure]
Item 7 – Types of Clients
MCG provides independent fiduciary services, investment consulting services and proxy
voting services to Taft‐Hartley and governmental pension and profit‐sharing plans. MCG
also provides proxy voting services to several commingled index funds (see Item 10). In
addition to pension and profit‐sharing plans, MCG renders services to other types of benefit
plans—health and welfare, annuity, vacation, strike funds, general funds, training funds,
industry funds, etc.