Item 5 Fees and Compensation
1) Financial Planning Services
Subscription Service that includes financial planning with a minimum fee of $69/month for the Core
Service and $92/month for the Plus Service. Fees are paid monthly in advance, meaning the Firm
invoices Clients on the day a Client signs up and again each month thereafter. Payment in full is expected
upon presentation of the invoice. In the event of termination, MRA will not refund any prepaid portion
of the fee for the month in which the Client’s subscription is terminated.
2) MRA Wealth Management Program
The fee payment arrangements for the MRA Wealth Management Program is generally negotiated but
may range up to 2.00%. The fee is based on the level of assets under management calculated monthly,
according to the following schedule:
MRA
Fee Schedule
(based on assets under management per client household)
$0 - $249K 2.00%
$250K - $499K 1.50%
$500K - $999K 1.35%
$1 Mil - $1,999,999 1.10%
$2.0 Mil - $2,999,999 1.00%
$3.0 Mil - $3,999,999 0.90%
$4.0 Mil - $4,999,999 0.80%
$5.0 Mil - $5,999,999 0.70%
$6.0 Mil - $6,999,999 0.60%
$7.0 Mil - $7,999,999 0.50%
$8.0 Mil + 0.40%
All fees are negotiable.
An initial fee will be charged for new accounts that are not open for a full month. The initial billing
period begins when the client signs the MRA fee agreement, and MRA accepts the fee agreement. The
initial billing period is adjusted for the number of days remaining in the initial month. It will run from the
date the custodian receives the assets through the last business day of the initial month.
Clients in the RetirementBuilder Program may elect one of the following options to pay the
RetirementBuilder Program fee:
1. Custodial Account: The RetirementBuilder fee is (i) calculated monthly based on the value of
assets under management as of the last day of the month, (ii) paid in arrears and (iii) debited
directly from another one of the client’s accounts managed by MRA. Accordingly, this option is
only available for clients with investment accounts held by one of MRA’s recommended
custodians.
2. ACH/Debit Card/Credit Card Payment: The RetirementBuilder fee is calculated on an annual
basis, initially based on the value of assets under management at the time of service
engagement and adjusted on January 1st every year based on the account value as of December
31st of the prior year. The annual fee is divided into equal monthly installments and is collected,
at the client’s discretion, by either ACH, Credit Card or Debit Card. MRA utilizes the services of
Stripe to collect fees for RetirementBuilder.
Although all client’s fees are based on a percentage of the value of assets under management,
clients who select the ACH/Debit Card/Credit Card Payment option may pay more or less than
other clients for MRA’s management fee because their fee amount is calculated annually rather
than monthly. In addition, clients who select the ACH/Debit Card/Credit Card Payment option
may also incur fees charged by their bank.
If MRA or the client terminates the fee arrangement, a pro-rated fee for the billing period will be
calculated for the period beginning on the first date of the billing period through and including the date
of termination through the end of the applicable billing and the amount of the pro-rated fee will be
deducted from the client’s account.
The RetirementBuilder service requires the client to provide account data to us on a regular basis
through Pontera. Accordingly, there is a risk that our advice in connection with RetirementBuilder may
be impacted to the extent that account data is unavailable or inaccurate. To participate in
RetirementBuilder, clients must adhere to the privacy policies outlined by Pontera (available at
pontera.com).
3) Tax Preparation Services:
MRA’s fee for tax preparation fees starts at $600/annually. The fee is based on the complexity of the
client’s tax situation and the number of tax forms to file. These services are provided by a CPA employed
by MRA, and the CPA, and therefore, MRA will need to have access to all a client’s tax-related
information. Clients are not required to use MRA’s tax preparation services, and the services may cost
more or less than comparable services offered by an unaffiliated CPA. Services provided by affiliated
MRA Tax Services, LLC.
4) Subadviser Services Fees
MRA may also act as a subadviser to unaffiliated third-party advisers and MRA would receive a share of
the fees collected from the third-party adviser’s client. The fees charged are negotiable and will not
exceed any limit imposed by any regulatory agency. This relationship will be memorialized in each
contract between MRA and the third-party adviser. Subadviser fees may be withdrawn from client’s
accounts or clients may be invoiced for such fees, as disclosed in each contract between MRA and the
applicable third-party adviser.
5) MRA High Yield Savings
MRA will earn 0.05% of any client deposits in MRA High Yield Cash accounts. These fees are
non-negotiable and are in addition to any other fees payable to MRA.
6) Estate Planning Fees
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