Fees and Compensation — Form ADV Part 2A (3/16/2023)
[Brochure]
Item 5 – Fees and Compensation
Amount of Our Fees
We calculate our fees as a percentage of the assets we manage for you. We do not charge
fees to the two officers of Richview Advisors. Our current fees for our other two clients range
between an annual rate of 0.70% and .95% of an account’s aggregate assets under our
management. Some clients pay more or less than others depending on certain factors,
including the type and size of the account, and the total amount of assets managed for a group
of related clients. Your fee is specified in your agreement with us.
We reserve the right to negotiate a different fee for your account.
Calculation and Payment of Our Fees
Our fees are calculated monthly. We deduct our fees directly from your account at the
beginning of each quarter.
Clients pay our fees in arrears, which is specified in your agreement with us. Our client
agreement may be terminated on 30 days’ written notice by either you or us.
Other Fees
If you have mutual funds, exchange traded funds (“ETFs”) or other pooled investment
vehicles (like hedge funds) (collectively, “funds”) in your portfolio, you will incur fees in
addition to our fees. For example, you may incur a commission or transaction fee when a
fund is purchased, and you will incur an annual management fee payable to the manager of
the fund, neither of which is shared with us. These fees and expenses are described in each
fund’s prospectus or offering documents. We evaluate these relative annual costs as a part
of our investment decision making process.
You could invest in a fund directly. In that case, you would not receive the services we
provide, which are designed in part to help you determine which, if any, fund is best suited
to the strategy we are executing for your account. You should review the fees charged by
these funds and our fees to fully understand the total amount of fees you will pay and to
evaluate the advisory services we provide.
All clients, whether or not they have funds in their portfolio, will incur brokerage, custodian
fees and other transaction costs. Our brokerage practices are discussed in Item 12 below.
Account Minimums and Types of Clients — Form ADV Part 2A (3/16/2023)
[Brochure]
Item 7 – Types of Clients
We provide investment management services to one high net worth client, one foundation,
and the two officers of Richview Advisors.
The minimum account size for separately managed accounts is $1,000,000.
We reserve the right to waive these minimum account size and minimum investment
requirements, respectively.