Item 5 Fees and Compensation
Portfolio Management Service Fees
Pension Partners’ fees for Portfolio Management Services are based upon a percentage of assets
under management and currently range from 1.00% - 2.00%, based on the terms of each client’s
advisory contract. Depending on the particular arrangement with each client, the firm will either
invoice clients or directly debit their custodial accounts. Fees for related accounts pay a discounted
rate.
Pension Consulting Services Fees
The firm’s fees for Pension Consulting Services are determined on a case-by-case basis upon review
of each client’s economic profile, risk tolerance and investment strategy. Thus, the firm’s fees for such
services may vary and are finalized upon agreement with the firm and its client.
Fees in General
Depending on the terms of the contractual agreement with each client, fees are billed in advance
at the beginning of each quarter, based either upon the average of the last day of each month of the
previous calendar quarter.
Fees and account minimums for all services are negotiable based upon certain criteria (i.e.
anticipated future earning capacity, anticipated future additional assets, dollar amount of assets to
be managed, related accounts, account composition, negotiations with client, etc.). Discounts, not
generally available to our advisory clients, may be offered to family members and friends. The
firm may also waive the fees of a new client for a period of time to promote its services.
The firm may group certain related client accounts for the purposes of determining the account
size and/or annualized fee.
Under no circumstances will Pension Partners earn fees in excess of $1,200 more than six months
in advance of services rendered.
Account Termination
Clients will have a period of five (5) business days from the date of signing the agreement to
unconditionally rescind the agreement and receive a full refund of all fees. Thereafter, an advisory
agreement may be terminated by either party at any time without penalty upon delivery of written
notice. Such termination shall not, however, affect liabilities or obligations incurred or arising
from transactions initiated prior to such termination, including the provisions regarding arbitration,
which shall survive any expiration or termination. Upon termination of any account, any prepaid,
unearned fees will be promptly refunded on a pro-rated basis, and any earned, unpaid fees will be
due and payable.
Mutual Fund and ETF Fees and Expenses
All fees paid to the firm for investment advisory services are separate and distinct from the fees
and expenses charged by mutual funds and ETFs to their shareholders, except that client The
fees and expenses of mutual funds and ETFs are each described in their respective prospectus.
These fees will generally include a management fee, other fund expenses, and a possible
distribution fee. A client could invest in a mutual fund or an ETF directly, without the services
of Pension Partners. In that case, the client would not receive the services provided by the firm
which are designed, among other things, to assist the client in determining which mutual fund or
funds or ETFs are most appropriate to each client's financial condition and objectives.
Accordingly, the client should review both the fees charged by the funds and ETFs and the fees
charged by the firm to fully understand the total amount of fees to be paid by the client and to
thereby evaluate the advisory services being provided.
Brokerage and Custodian Fees
In addition to advisory fees paid to Pension Partners, clients will also be responsible for all
transaction, brokerage, and custodian fees incurred as part of their account management. Please
see Item 12 of this Brochure for important disclosures regarding Pension Partners’ brokerage
practices.