Item 5 - Fees and Compensation
RegentAtlantic provides wealth management services (WMS), including ongoing financial
planning and ongoing investment management, to the majority of its individual clients.
Certain clients, such as foundations and retirement plans, do not require financial
planning.
The annual wealth management fee schedule for clients is as follows:
1.00% on the first $5 million, plus
.50% on the next $5 million, plus
.25% on all assets above $10 million.
RegentAtlantic calculated assets under management using the most recent available market value. $6,135,925,194
in assets under management are valued as of December 31, 2021. $69,264,272 in assets under management did not
have a December 31, 2021 market value available as of the date of this filing and therefore RegentAtlantic used the
most recent available market value for those assets.
For Clients with assets under $1,000,000 the annual fee will be equal to the minimum fee
of $10,000. Certain clients may qualify for a phased in minimum fee starting at $2,500
increasing to $10,000 over time. These accounts are subject to a one-time set-up fee billed
with the initial invoice. The maximum set-up fee charged is $2,500.
Clients with accounts that were in place before the current fee schedule above are
charged fees in accordance with the fee schedule in place at the time they became a
client as disclosed in their wealth management agreement. This includes fee schedules
for clients whose contracts were assigned to RegentAtlantic from Hillview Capital
Advisors, LLC. Some of the fee schedules are higher and some of the fee schedules are
lower than the current fee schedules above.
Assets under management includes the value of cash and of any assets held in money
market funds. All fees are negotiable.
At its discretion, RegentAtlantic may elect to reduce or waive the annual minimum fee
based on the circumstances surrounding the client relationship (e.g. a client's status as
an existing financial planning client or employee, anticipated future earning capacity,
anticipated future additional assets, dollar amount of assets managed, related accounts,
type of services required, account composition, and individual negotiations). Fees are pro-
rated and paid either quarterly, in advance, or monthly, in arrears, based upon the market
value of the assets on the last business day of the previous quarter. RegentAtlantic uses its
portfolio management system or the electronic data feed from the client’s custodian to
determine the value for WMS fees. The value used for determining WMS fees may differ
from the value shown on the client’s custodial statement due to various account activity,
such as unsettled trades and accrued dividends, which may not be reflected in the client’s
custodial statement as of the valuation date. Margin balances andpending subscriptions
may be added back as well. For investments in private funds whichare held outside of TD
Ameritrade (“TD Ameritrade”), Charles Schwab & Co., Inc. (“Schwab”),Fidelity
Investments(“Fidelity”) and/or Pershing, LLC (“Pershing”), WMS feesare calculated using
the most recent valuation provided by the fund administrator or a more current estimate
based on information provided by the investment manager. There are certain legacy
clients and retirement plan accounts that are billed in arrears based onthe market value of
the assets on the last business day of the quarter. RegentAtlantic debits the WMS fee
directly from a client’s account. Upon request, RegentAtlantic will send an invoice to the
client rather than directly debit the client’s quarterly fee. The specific timing and
methodology used to calculate the WMS fee with regard to each client is detailed in the
client’s wealth management agreement.
For consulting services, RegentAtlantic charges a fixed and/or hourly fee. Fees depend
on the level and scope of the services provided and the experience and expertise of the
RegentAtlantic employee rendering the services. Fixed fees range from $5,000 to
$25,000 and hourly fees range from $150 to $500 per hour. Fees are negotiable and are
subject to a $5,000 minimum. Clients pay 50% of the consulting fee at the start of the
engagement and 50% within 30 days after the project is completed. If an individual
becomes a wealth management client within 12 months after the end of the consulting
engagement, RegentAtlantic applies 50% of the consulting fee towards the client’s first
year’s wealth management fee.
Each service offered by CIPW FOS is separate and distinct from the services offered by
our firm and will be under a separate agreement. These fees are in addition to our advisory
and financial planning fees. The family office services fees may be billed separately or
included (added to) your advisory fees described in this section. In certain instances, we
may charge an additional fee for the administration of family office services on top of the
fee that CIPW FOS charges the client. The fee charged for family office services, including
tax preparation services, may be higher or lower than the fees charged by independent
third parties for similar services. A fee schedule and written agreement will be provided to
each client before engaging CIPW FOS for services.
For non-discretionary investment advice in the form of model portfolios to investment
advisors or financial intermediaries, fees charged by RegentAtlantic will vary depending
upon the level of service agreed to under the terms of advisory services agreements.
Clients can terminate the agreement for wealth management or consulting services by
providing written notice to RegentAtlantic. If a client terminates the wealth management
agreement, RegentAtlantic pro-rates the fee through the termination date and refunds or
charges any balance. If a client terminates the investment consulting agreement,
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