Item 5 – Fees and Compensation
Wealth Management Services, Manager Selection Services and Services Provided to
Retirement Plans
Fee Schedule
For Wealth Management Services, Third Party Manager Selection Services and Services
Provided to Retirement Plans, RSAM bases its annual investment management fee upon a
percentage of the market value of the assets under management. Following are the annual
fee percentage fees for these services:
March 31, 2021
Annual Fees
(percentage of assets under management)
Household Investment Investment Investment Asset Manager
Assets UnderSupervisory Supervisory Supervisory Allocation Selection
Management Services Services Services Services Programs
Balanced / Mutual funds Bonds Annuities and
Equity 401(k)
Up to $100,000 1.75% - 2.00% 1.75% - 2.00% .50% - .75% 1.00% - 1.50%
$100,000 -1.00% - 1.75% 1.25% - 1.75% .375% - .50% .50% - 1.00%
$350,000
Over $350,000 .25% - 1.00% .50% - 1.25% .125% - .375% .25% -.50%
May vary by .70% - 1.00%
manager
Fees may not exceed 2.5% of assets under management (AUM). Please refer to the advisory
agreement for the specific fee percentage rate.
Fee Determination and Fee Payment
The fees listed above are charged quarterly in advance or in arrears, depending upon the
specific agreement between the client and RSAM. The fee amounts are calculated on the last
trading day of the quarter, utilizing the asset values as provided by the qualified custodian(s)
for the client account(s). Depending upon the agreement between RSAM and the client, such
advisory fees may be deducted from the client’s custodial account or paid by the client
pursuant to the provision of an invoice by RSAM.
RSAM will refund all pre-paid and un-earned advisory fees upon the closing of a client
account. Refunds will be provided promptly, but in no event later than sixty (60) days after
closing of such account and the transfer of the assets in that account to a custodial account
for which RSAM does not provide advisory services. Any unearned, unpaid fees will be due
and payable upon the closing of a client account.
Account Set-Up Fees
March 31, 2021
In certain complex cases RSAM may perform an initial analysis and account set-up for which
RSAM will charge on an hourly basis at a rate of up to $300 per hour, billed in quarter-hour
increments. Hourly fees are payable, upon invoicing, at the end of the calendar quarter in
which the services were provided.
Manager Selection Services – Additional Fees
In addition to the advisory fees charged by RSAM, clients who utilize third party managers
are also subject to the advisory fees, charges and other expenses incurred due as part of that
program. These additional fees and expenses may include the advisory fees charged by the
various separate account managers.
Financial Planning Services
Financial Planning clients are charged on an hourly basis at a rate of $300 per hour, billed in
quarter-hour increments. Hourly fees are payable, upon invoicing, at the end of the calendar
quarter in which such services were provided.
Fees for administrative and research services are charged on an hourly basis, which may range
between fifty dollars ($50.00) and three-hundred dollars ($300.00) per hour, charged in quarter-
hour increments, depending on the nature and complexity of the service requested and the
individual performing the services. In addition to the hourly fees set out above, incidental costs
and expenses associated with providing such administrative and research services are also passed
through to clients at the actual cost incurred by Adviser. Such costs may consist of, for example,
postage and express delivery costs; travel related expenses; and, actual costs charged to Adviser
by third-parties that provide information/documents requested by client.
Negotiability of Fees
RSAM, in its sole discretion, may reduce its investment management and other fees based upon
certain factors, such as anticipated future earning capacity, anticipated future assets and dollar
amount of assets to be managed, related accounts, account composition, negotiations with the
client and other considerations.
Clients should note that similar advisory services may (or may not) be available from other
registered (or unregistered) investment advisers for similar or lower fees.
Other Fees and Expenses
The advisory fees charged by RSAM do not include additional charges such as custodian fees and
mutual fees and expenses. Client assets may also be subject to transaction costs, retirement plan
March 31, 2021
administration fees (if applicable), deferred sales charges on mutual funds initially deposited into
the client account, 12b-1 fees, odd-lot differentials, transfer taxes, wire transfer and electronic
fund fees, and other fees and taxes on brokerage accounts and securities transactions.
Client assets investment in mutual funds will be subject to certain fees and expenses imposed
directly by mutual funds to their shareholders, which are described in each fund’s prospectus.
These fees will generally include a management fee, other fund expenses, and a possible
distribution fee. If the fund sponsor also imposes sales charges, a client may pay initial or
deferred sales or surrender charges. Clients may also incur brokerage commissions and other
execution costs charged by the custodian or executing broker/dealer in connection with
transactions for a client’s accounts. Please refer to Item 12 of this Brochure entitled “Brokerage
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