Item 5 – Fees and Compensation
Adviser typically receives an annual management fee of 1% of the Gross Asset Value of the
Account(s) designated by the client. Alternatively, clients may choose to pay a flat fee for advisory
services, payable on a periodic basis. Fees are typically paid quarterly in advance; however, some
agreements may exist with fees paid in arrears. Flat fees will be negotiated with each client
individually, but in no case will such flat fee be greater than 1% of the Gross Asset Value of the
designated Accounts.
Adviser may enter into flat fee arrangements from time to time, typically for administrative services
provided to clients or client Accounts. Adviser may also provide sub-advisory and administrative
services for a flat fee based upon actual cost, which is outlined and established via sub-
advisory/administrative services agreement.
The specific manner in which fees are charged by Adviser is established in each client’s written
agreement with Adviser. Generally, and pursuant to contract, fees for the management of Accounts
will be based upon a percentage of the total assets in the account (including margined assets).
Calculation and Deduction of Advisory Fees
Fees for investment advisory services and other non-discretionary programs are billed to clients,
although frequently clients pre-authorize their custodians to automatically deduct the fees from the
client’s account and to make payment to Adviser. Management fees are deducted or billed,
periodically (generally quarterly) , as specified in the advisory agreement, in advance.
A client may pay more or less fees than similar clients depending on the particular circumstances of
the client, size, additional or differing levels of servicing or as otherwise agreed with specific clients.
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NewEra Wealth Advisors, Inc.
121 Alhambra Plaza, Suite 1000
Coral Gables, FL 33134
Phone: (786) 577-9396
Clients that negotiate fees, including a flat fee, may end up paying a higher fee than that set forth
above as a result of fluctuations in the client’s assets under management and account performance.
In the event the NewEra bills fees in advance, refunds are given on a prorated basis, based on the
number of days remaining in a quarter at the point of termination. The fee refunded will be the
balance of the fees collected in advance minus the daily rate* times the number of days in the
quarter up to and including the day of termination. (*The daily rate is calculated by dividing the
quarterly AUM fee by the number of days in the termination quarter). Clients may terminate their
contracts without penalty within 5 business days of signing the advisory contract. Advisory fees are
withdrawn directly from the client’s accounts with client written authorization.
Additional Fee Information
Clients may authorize the Adviser to directly debit management fees from client accounts on a
periodic basis (generally on a quarterly basis). In such instances, management fees are prorated for
each contribution and withdrawal made during the applicable calendar quarter. Accounts initiated
or terminated during a calendar quarter will be charged a prorated fee. No prepaid fees are charged
six months or more in advance.
Alternatively, in some instances, clients may receive an invoice for fees, in which it may choose to
pay NewEra directly for its billed fees for the relevant period.
Adviser’s fees are exclusive of brokerage commissions, transaction fees, and other related costs and
expenses which shall be incurred directly by the client. Clients may incur certain charges imposed
by custodians, brokers, and other third parties such as fees charged by fund managers, custodial
fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and electronic funds
fees, and other fees and taxes on brokerage account and securities transactions. Mutual funds and
exchange traded funds also charge internal management fees, which are disclosed in a fund’s
prospectus. It is the Adviser’s policy not to accept “kick-backs” or retrocession fees from any third
non-affiliated party providing services to the Adviser’s clients.
Estate Planning Services
If required, the adviser will conduct an initial estate planning assessment and refer the client to third
party service providers, including lawyers and estate planning professionals, for the implementation
of the plan. The Client may use any service provider for Estate Planning services.
Item 12 further describes the factors that Adviser considers in selecting or recommending broker-
dealers for client transactions and custody and in determining the reasonableness of their
compensation (i.e. commissions).
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NewEra Wealth Advisors, Inc.
121 Alhambra Plaza, Suite 1000
Coral Gables, FL 33134
Phone: (786) 577-9396
Consulting Fees
If requested by the Client, NewEra may also provide Business Consulting, Account Aggregation and
Reporting services (consulting services) in the U.S. and abroad. A quote for these services will be
provided to the client prior to the engagement and approved by the client in writing, with a standard
rate of $500.00 per hour. The minimum fee for consulting services is $500.00 per month (1 hour of
service).
Termination of the Agreement
Although an Agreement between NewEra and its clients are ongoing agreements, the length of
service to the client is at the client’s discretion. The client may terminate the agreement with a (1)
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