Fees and Compensation — Form ADV Part 2A (3/28/2018)
[Brochure]
Item 5 - Fees and Compensation
PIA’s sole source of revenue is based on a percentage of assets under management. PIA’s fee
schedule is set forth below:
Client’s Assets Under Management Annual Fee %
First $2 million 1.00%
Next $3 million 0.80%
Next $5 million 0.60%
Over $10 million 0.40%
Fees are payable quarterly in advance. For new accounts, PIA prorates the fee. Clients may
terminate the advisory agreement within five business days after execution and receive a full
refund. Either the client or PIA may terminate the agreement upon thirty days’ written notice. If
the agreement is terminated, the client shall pay any fees owed or, for fees paid in advance, PIA
will refund any unearned fees, pro-rated based on the number of days remaining in the quarter as
of the termination date. PIA deducts fees from client accounts by giving instructions to the
independent, third party custodian. The account custodian is not responsible for verifying the
accuracy of fee calculations. Therefore, we urge clients to do so. It is PIA’s practice not to
negotiate fee rates.
The management fee charged by PIA is separate and distinct from (a) commissions and other
transaction charges from third party broker-dealers or custodians (see "Brokerage Practices"
below); (b) custody expenses or other charges by the client’s custodian; (c) any advisory or other
fees assessed by third party money managers; and (d) any advisory and other fees and expenses
described in mutual fund prospectuses or investment partnership agreements. PIA does not
receive any portion of these charges.
The Peachtree Fund does not charge a separate management fee to clients, but all investors in
the fund bear their proportionate share of the trading, legal, accounting and other operating
expenses as described in the Confidential Private Placement Memorandum. Nothing in this
Brochure constitutes an offer to sell or the solicitation of an offer to purchase Peachtree Fund
limited partnership interests.
Account Minimums and Types of Clients — Form ADV Part 2A (3/28/2018)
[Brochure]
Item 7 - Types of Clients
PIA provides investment and wealth advisory services to affluent individuals and families,
charitable organizations, trusts, estates, pension and profit sharing plans and other business
entities. Under certain circumstances, PIA will serve as the investment sub-advisor for other
financial intermediaries. PIA also serves as the general partner and discretionary portfolio
manager of the Peachtree Fund. As a condition for managing new accounts, PIA generally
imposes an asset value of $1 million and above. In some situations, PIA may accept accounts
below the stated asset minimum.