Fees and Compensation — Form ADV Part 2A (2/3/2015)
[Brochure]
ITEM 5. Fees and Compensation
With respect to clients receiving asset allocation services, the Company receives negotiated
fees from clients’ assets, which are paid the quarter after the services are rendered.
The Company’s other investment advisory services are generally provided based on a fee
schedule as follows:
FEE SCHEDULE
- Management Fee - approximately 1/12 of 2% of the net asset value of funds under
management
- Incentive fee - approximately 20% of the aggregate net realized appreciation of funds under
management
The fee schedule may vary based on the amount of funds under management and other
considerations. The management fee is paid at the end of each month, after the net asset value
of the portfolio is calculated. The incentive fee is paid annually after the audited financial
statements are rendered.
The Company’s clients will also incur brokerage and other transaction costs. Item 9 of this
Brochure discusses brokerage. Clients may incur certain taxes, administrative expenses,
custodial fees and other expenses.
Clients are not obligated to pay fees in advance.
Account Minimums and Types of Clients — Form ADV Part 2A (2/3/2015)
[Brochure]
ITEM 7. Types of Clients
The Company generally provides investment advice to high net worth individuals who are
financially sophisticated and are considered “accredited investors” as defined in Rule 501 of
Regulation D promulgated under the Securities Act of 1933, as amended.
The minimum account size is generally $100,000 or greater.