Fees and Compensation
Fees Charged for Fiduciary and Investment Advisory Services
Individuals, Families, Private Foundations, Charitable Trusts, Multi-Family Offices and
Professional Services Organizations
Reynolds Group’s fees for its services to the persons and entities listed above are based on three
distinct fee structures, as follows:
Wealth Management Assessments are structured to meet a client’s specific needs, as explained
in more detail under Item 4 above. For each of the Wealth Management Assessments, we charge
a separate fee of $10,000, plus out of pocket expenses, including, without limitation, travel, meals,
communication costs, copying and printing, which fee will be credited against a long-term
advisory fee, should long-term relationship grow out of one or more Wealth Management
Assessment assignments. Should multiple Wealth Management Assessments be undertaken under
a single contract, there may be flexibility relative to the fee based upon the scope of services, travel
time, the number of meetings, the number phone calls, the degree of responsibility called for, the
size and complexity of the client group and its assets, the number of persons engaged in the
decision-making process, their location, the complexity of their decision- making process, and
other relevant considerations.
Fees for Wealth Management Assessments are billed and payable in advance of the delivery of
services. Out of pocket expenses are billed in arrears.
Comprehensive Annual Services - We charge a fixed fee for our advisory services to
individuals, families, private foundations and charitable trusts for comprehensive annual services
on the following schedule:
• Investment committee assignments: $40,000 - $150,000 per year
• Outsourced chief investment officer or outsourced chief financial officer: $75,000 -
$200,000 per year
The fees chargeable to the client are determined at the time of engagement based upon the scope
of services, travel time, the number of meetings, the number of phone calls, the degree of
responsibility called for, the size and complexity of the client group and its assets, the number of
persons engaged in the decision-making process, their location, the complexity of their decision-
making process, and other relevant considerations, plus out of pocket expenses, including, without
limitation, travel, meals, communication costs, copying and printing,
Fees are billed and payable quarterly in advance. Out of pocket expenses are billed in arrears.
Consultative Services - Fees for this service are structured individually for each client on
a separate basis so that the scope of services and fees are suitable to the specific engagement. By
way of a basic set of guidelines, however, fees are typically as follows:
• $5,000 per day, or
• $2,500 per half day
• plus, out of pocket expenses, including, without limitation, travel, meals,
communication costs, copying and printing.
Fees are computed and billed monthly in arrears and are payable immediately upon receipt of such
billing.
Investment Companies and Pension Plans
Fees are negotiable, depending on the services required and the amount of assets involved. We do
not impose a minimum and/or maximum on fees charged for services rendered to Investment
Companies and Pension Plans.
Fees Charged for Additional Advisory Services
Fees for our financial planning services are negotiated with a prospective financial planning-only
client based on the scope of services, complexity of the client’s situation, level of detailed written
work called for, travel required, number of participants involved, number of professional staff
persons involved, degree of implementation assistance called for and other relevant factors in the
situation being addressed. For these services, we may impose a minimum engagement fee as
negotiated between us and the client.
Private Investment Funds
Reynolds Group may receive advisory fees from the Private Fund. The Private Fund's management
fee is generally an annualized fee of half a percent (0.5%) of the value of a Limited Partner's
Capital Account payable quarterly. Specific information regarding the Private Fund's fees and
expenses can be found in the fund's Offering Documents.
In General
Except as set forth above, fees are generally not negotiable. In the event that our services are
terminated, any unearned fees will be refunded on a pro-rata basis. However, we do not offer
refunds on pre-paid fees in the event of termination of our Wealth Management Assessments
services. Any earned but unpaid fees as of the date of termination will be immediately due and
payable.
In addition to the fees described above, we also charge for additional expenses incurred, including
without limitation, costs of travel, costs associated with any surprise review required by
applicable regulation, and Directors and Officers-type (Fiduciary Services) Errors and Omissions
Insurance (where Mr. Reynolds is not covered by the client’s policy), which are payable separately
as provided in the advisory agreement entered into by and between us and the client.
Fees of asset managers and/or investment consultants engaged by the client, or by Reynolds Group
on the client’s behalf, are in addition to, and are separate from, the fees paid to the Firm for our
investment advisory services. These fees would be described in the Form ADV or other
informational materials of the respective managers and/or consultants.
Our fees are also exclusive of custodial fees, brokerage commissions and other transaction costs,
which are paid directly out of client accounts. Please see “Brokerage Practices” under Item 12
below for a more detailed discussion of brokerage matters. Clients may also incur various other
types of charges imposed by custodians, brokers, bankers and other third parties, including but not
limited to transfer taxes and wire and electronic fund transfer fees.
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