Fees and Compensation — Form ADV Part 2A (3/26/2025)
[Brochure]
Item 5. Fees and Compensation
We require fees to be paid quarterly in advance, based upon the valuation of assets under management
on the last day of the prior quarterly period.
Fee Schedule. Our fee schedule for new clients is as follows:
On the first $500,000 .............................................................................................................. 1.25%
On next $2,500,000................................................................................................................. 0.75%
On next $2 million .................................................................................................................. 0.50%
On the balance ........................................................................................................................ 0.25%
The percentages above reflect annual percentages. To calculate fees for each quarter, we divide the
numbers above by four and multiply that amount by the assets under management. Cash and cash
equivalents are included for billing purposes. We adjust fees for significant deposits and withdrawals at
the end of the quarter during which such deposits and withdrawals are made.
We provide a 25% discount for not-for-profit clients who meet our $1,000,000 account minimum. We
neither assess fees on assets held by the Schwab Charitable Fund, nor receive a fee from Schwab for
managing such assets.
Fees are assessed on the total value of all accounts in a fee relationship. Generally, we classify members
of the same family as a single fee relationship. The decision to allow accounts to be combined for fee
calculation purposes is at the firm’s discretion. In the event of unique circumstances, we may consider
alternative fee arrangements.
We charge each new account a prorated fee for the remainder of the quarter in which we begin to manage
the account. The fee is charged in addition to the advance fee for the next calendar quarter. We request
authority from our clients to debit fees directly from their client accounts. In addition, we reserve the
right to sell securities to debit such fees.
Mutual Fund and ETF Fees. All fees paid to us for investment advisory services are separate and distinct
from the fees and expenses charged by mutual funds and ETFs to their shareholders. Each fund's
prospectus describes these fees.
Additional Fees and Expenses. In addition to our advisory fees, clients are also responsible for the fees
and expenses charged by custodians and imposed by broker dealers, including, but not limited to, any
brokerage or transaction charges imposed by a broker dealer. Please refer to the "Brokerage Practices"
section of this brochure for additional information.
Limited Prepayment of Fees. Under no circumstances do we require or solicit payment of fees in excess
of $1,200 more than six months in advance of services rendered.
Termination of the Advisory Relationship. Either party, for any reason by giving written notice, may
cancel a client agreement at any time. As disclosed above, certain fees are paid in advance of services
provided. Upon termination of any account, any prepaid, unearned fees will be promptly refunded. In
calculating a client’s reimbursement of fees, we will pro rate the reimbursement according to the number
of days remaining in the billing period.
Account Minimums and Types of Clients — Form ADV Part 2A (3/26/2025)
[Brochure]
Item 7. Types of Clients
Our firm provides advisory services to individuals, families, and not-for-profit organizations. In
addition, we reserve the right to refuse to accept clients and to resign from the management of any
account.