Fees and Compensation — Form ADV Part 2A (4/30/2026)
[Brochure]
Item 5 - Fees and Compensation
We charge an asset-based fee for our Wealth Management services. Our standard fee schedule for our
wealth management services, is as follows:
Assets Under Management Annual Fee
First $3 million 1.00%
Next $1 million 0.85% up to a total of $4 million
Next $1 million 0.70% up to a total of $5 million
Next $5 million 0.50% up to a total of $10 million
Next $10 million 0.35% up to a total of $20 million
Over $20 million Negotiable
Our minimum annual fee is $10,000. This means that accounts under $1 million will be charged an
annual fee of greater than 1%. Our minimum annual fee is negotiable and may be waived at our
discretion.
Our fees are negotiable. For example, we may charge a lower fee for a portfolio that is primarily a bond
portfolio.
Billing is done monthly after services have been provided (in arrears). Clients do not have the option to
prepay fees.
Wealth Management fees are deducted from the clients’ account at their custodian pursuant to the
client’s signed authorization in our investment advisory agreement and the client’s account-opening
paperwork with their custodian.
Private Asset also provides investment advice on an hourly basis. Our hourly rate will not exceed $375.
Hourly services are typically for investment advice involving assets not supervised on an ongoing basis,
such as review or recommendations involving illiquid assets or investments held away from Private
Asset. Hourly fees will be billed directly to the client.
Clients incur additional fees outside of Private Asset’s advisory fees. Examples of other fees include
custodial account fees; brokerage transaction fees; security exchange fees; and mutual fund fees.
All fees paid to us for advisory services are separate and distinct from the fees and expenses charged by
mutual funds, ETFs, and other investment vehicles. These fees will generally include a management fee,
other fund expenses, and a possible distribution fee. These fees are deducted from the fund internally
and reduce overall return. We typically employ institutional and other no-load share classes of mutual
funds for client portfolios. You can invest in some of these mutual funds or mutual fund share classes
directly, without our services, and the cost could be more or less than what you pay through us.
Accordingly, you should review both the fees charged by the funds and our fees to fully understand the
total amount of fees you will pay in relation to the services we offer. See Item 12 of this brochure for
additional discussion of brokerage practices.
Account Minimums and Types of Clients — Form ADV Part 2A (4/30/2026)
[Brochure]
Item 7 - Types of Clients
We provide services to individuals, high net worth individuals and charitable foundations.
Private Asset has no minimum account opening fees but does have a $10,000 minimum annual fee. The
minimum fee could result in a client paying higher percentage of their assets under management. This
minimum fee is negotiable and may be waived.