Fees and Compensation — Form ADV Part 2A (6/6/2024)
[Brochure]
Item 5: Fees and Compensation
A. Fee Schedule
Portfolio Management Fees
Total Assets Under Management Annual Fees
All Assets 1.50%
SAL uses the value of the account as of the last business day of the billing period for
purposes of determining the market value of the assets upon which the advisory fee is
based.
These fees are generally negotiable and the final fee schedule will be memorialized in the
client’s advisory agreement. Clients may terminate the agreement without penalty for a
full refund of SAL's fees within five business days of signing the Investment Advisory
Contract. Thereafter, clients may terminate the Investment Advisory Contract
immediately upon written notice.
Pension Consulting Services Fees
Asset-Based Fees for Pension Consulting
Total Assets Under Management Annual Fee
All Assets 1.50%
SAL uses the value of the account as of the last business day of the billing period for
purposes of determining the market value of the assets upon which the advisory fee is
based.
These fees are generally negotiable and the final fee schedule will be memorialized in the
client’s advisory agreement.
Clients may terminate the agreement without penalty for a full refund of SAL's fees within
five business days of signing the Investment Advisory Contract. Thereafter, clients may
terminate the pension consulting agreement immediately upon written notice. SAL uses
an average of the daily balance in the client’s account throughout the billing period, after
taking into account deposits and withdrawals, for purposes of determining the market
value of the assets upon which the advisory fee is based.
B. Payment of Fees
Payment of Portfolio Management Fees
Asset-based portfolio management fees are withdrawn directly from the client's accounts
with client's written authorization on a quarterly basis. Fees are paid in arrears.
Payment of Pension Consulting Fees
Asset-based pension consulting fees are withdrawn directly from the client's accounts
with client's written authorization on a quarterly basis. Fees are paid in arrears.
C. Client Responsibility For Third Party Fees
Clients are responsible for the payment of all third party fees (i.e. custodian fees,
brokerage fees, mutual fund fees, transaction fees, etc.). Those fees are separate and
distinct from the fees and expenses charged by SAL. Please see Item 12 of this brochure
regarding broker-dealer/custodian.
D. Prepayment of Fees
SAL collects its fees in arrears. It does not collect fees in advance.
E. Outside Compensation For the Sale of Securities to Clients
Dario Fusato in his outside business activities (see Item 10 below) is licensed to accept
compensation for the sale of investment products to SAL clients. This presents a conflict
of interest and gives the supervised person an incentive to recommend products based on
the compensation received rather than on the client’s needs. When recommending the sale
of securities or investment products for which the supervised persons receives
compensation, SAL will document the conflict of interest in the client file and inform the
client of the conflict of interest. Clients always have the right to decide whether to
purchase SAL-recommended products and, if purchasing, have the right to purchase
those products through other brokers or agents that are not affiliated with SAL.
Account Minimums and Types of Clients — Form ADV Part 2A (6/6/2024)
[Brochure]
Item 7: Types of Clients
SAL generally provides advisory services to the following types of clients:
❖ High-Net-Worth Individuals
❖ Investment Companies
❖ Pension and Profit Sharing Plans
❖ Pooled Investment Vehicles
There is no account minimum for any of SAL’s services.