ITEM 5: FEES & COMPENSATION
A. Description of how we are compensated for our advisory services provided to you.
(i) Asset Management:
Assets Under Management Annual Percentage of Assets Charge*
$0 to $249,999.99 1.50%
$250,000 to $499,999.99 1.25%
$500,000 to $999,999.99 1.00%
$1,000,000 to $2,999,999.99 0.75%
$3,000,000 to $9,999,999.99 0.50%
Above $10,000,000 0.35%
*Our firm’s fees are billed on a pro-rata annualized basis quarterly in arrears based on the value of
your account on the last day of the quarter.
We may, in our sole discretion, charge a lesser investment management fee and/or a fixed fee based
upon certain criteria (including, but not limited to, the representative assigned to the account, the
amount of assets to be invested, the complexity of the engagement, the anticipated number of meetings
and servicing needs, related accounts, future earning capacity, anticipated future additional assets, and
negotiations with the client). See disclosure at Item 7 below. As a result, similar clients could pay
different fees, which will correspondingly impact a client’s net account performance. Moreover, the
services to be provided by us to any particular client could be available from other advisers at lower
fees. All clients and prospective clients should be guided accordingly.
(ii) Financial Planning & Consulting:
We may charge on an hourly or flat fee basis for financial planning and consulting services. The total
estimated fee, as well as the ultimate fee that we charge you, is based on the scope and complexity of
our engagement with you. Our hourly fees are $200 for financial advisors. Flat fees generally range
from $500 to $10,000.
(iii) Retirement Plan Consulting Services:
The terms and conditions of our Retirement Plan Consulting Services shall generally be set forth in
a Retirement Plan Consulting Agreement between us and the plan sponsor. Our negotiable
retirement plan consulting fees generally range between negotiable and 0.80% of the value of plan
assets, depending upon the level and scope of the service(s) required and the professional(s)
rendering the service(s).
2Please note the amount of assets we manage may be disclosed by rounding to the nearest $100,000. Our “as of” date must not be more
than three months before the date we last updated our Brochure in response to Item 4.E of Form ADV Part 2A.
B. Description of whether we deduct fees from clients’ assets or bill clients for fees incurred.
(i) Asset Management:
Fees will generally be automatically deducted from your managed account (in rare cases, we will agree
to bill clients directly). As part of this process, you understand and acknowledge the following:
a) Your independent custodian sends statements at least quarterly to you showing the market values
for each security included in the Assets and all disbursements in your account including the
amount of the advisory fees paid to us;
b) You provide authorization permitting us to be directly paid by these terms;
(ii) Financial Planning & Consulting:
When providing financial planning and consulting services on a fee- basis, we will generally (with
exceptions in our discretion) require a retainer of fifty-percent (50%) of the ultimate financial
planning or consulting fee with the remainder of the fee directly billed to you and due to us within
thirty (30) days of your financial plan being delivered or consultation rendered to you. In all cases, we
will not require a retainer exceeding $1200 when services cannot be rendered within 6 (six) months.
(iii) Retirement Plan Consulting:
Fees will generally be automatically deducted from assets of the plan (in rare cases, we may agree to
bill the plan and/or plan sponsor directly). As part of this process, you understand and acknowledge
the following:
a) Your independent custodian/recordkeeper sends statements at least quarterly to you showing the
market values for each security included in the Assets and all disbursements in the plan including
the amount of the advisory fees paid to us;
b) You provide authorization permitting us to be directly paid by these terms;
C. Description of any other types of fees or expenses clients may pay in connection with our advisory services,
such as custodian fees or mutual fund expenses.
Clients may incur transaction charges for certain trades executed in their accounts in accordance with the
brokerage commission and transaction fee schedule of the client’s selected broker-dealer/custodian.
These transaction fees are separate from our fees and will be disclosed by the firm that the trades are
executed through. Also, clients will pay the following separately incurred expenses, which we do not
receive any part of: charges imposed directly by a mutual fund, index fund, or exchange traded fund which
shall be disclosed in the fund’s prospectus (i.e., fund management fees and other fund expenses).
D. We must disclose if clients’ advisory fees are due quarterly in advance. Explain how a client may obtain a
refund of a pre-paid fee if the advisory contract is terminated before the end of the billing period. Explain
how you will determine the amount of the refund.
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