Item 5 – Fees and Compensation
How and When Fees are Charged and Collected
Solaris Advisors charges fees as agreed upon with each client and in accordance with the terms
of its agreement with that client. Fees for investment consulting and wealth management services are
typically calculated based on the fair market value of the assets on the last business day of a calendar
quarter and may be payable quarterly in advance. During any quarter fees may be adjusted for any
partial period pro rata to reflect any client directed additions or withdrawals which the Advisor deems
are material. From time to time fixed fees are charged for investment related consulting services.
Clients may request to be billed directly for fees rather than have fees debited from their custody
account(s). The client’s independent qualified custodian will deliver an account statement at least
quarterly. These account statements will show all disbursements from the client’s account and each
client should review all statements carefully for accuracy.
Fees We Charge
For its wealth management services to high net worth individuals, families, and their trusts, the
Advisor’s annual fee on the first $20 million in assets is 0.55%. The fee on the next $80 million in assets
is 0.40%. The fee on the next $100 million is 0.25%. Amounts over $200 million are negotiable. The
minimum fee is $100,000. However, notwithstanding this fee schedule, fees may vary depending on the
level and scope of services provided or other considerations.
Solaris Advisors, LLC Form ADV: Part 2A 2019
For its investment consulting services to non-profit institutions such as schools, colleges, cultural
institutions, religious organizations and the like, the Advisor’s annual fee on the first $10 million in assets
is 0.75%. The fee on the next $30 million is 0.55%. The fee on the next $40 million is 0.35%. The fee
on the remainder over $80 million is 0.15%. The minimum fee is $75,000. However, notwithstanding
this fee schedule, fees may vary depending on the level and scope of services provided or other
considerations.
From time to time in its sole discretion, the Advisor will determine to accept accounts under $10
million. For these accounts, the Client shall pay the Advisor an annual fee for its services equal to:
1.10% of the first $2 million in assets; 0.90% on the next $3 million; and 0.75% on next $5 million of
Assets. The minimum fee for these accounts is $15,000. However, notwithstanding this fee schedule,
fees may vary depending on the level and scope of services provided or other considerations.
Contracts are generally terminable on thirty (30) days’ notice. If terminated, all unearned and paid
fees for partial periods will be refunded pro-rata based upon the number of days from the effective date of
the termination until the end of the quarter. All earned and unpaid fees for partial periods will be billed
based on the number of days from the beginning of the quarter to the effective date of the termination.
Regarding Fees
Solaris Advisors, in its sole discretion, may charge lesser or greater wealth management and/or
investment consulting fees based upon a variety of criteria, such as services provided, anticipated future
earning capacity, anticipated future additional assets, dollar amount of assets to be managed, related
accounts, historic relationships, account composition, or other considerations.
What Our Fees Don’t Include
Solaris Advisors’ fees are exclusive of charges imposed by custodians, brokers, third-party
investments and other third parties such as fees charged by managers, funds, custodians, brokerage
commissions and transaction fees, transfer taxes, wire transfer and electronic fund fees and other fees
and taxes on securities transactions. For a more detailed discussion about brokerage fees and expenses
please refer to Item 12 below titled “Brokerage Practices.” Mutual and exchange traded funds and other
pooled funds also charge internal management fees and expenses which are disclosed in each fund’s
prospectus or offering documents.
Third-Party Compensation that Solaris Does Not Receive
Solaris Advisors does not accept or receive compensation from third parties from the sale of
securities or other investment products, including asset-based sales charges or service fees from the sale
of mutual funds or any portion of these fees and costs. Such practices could present a conflict of interest
because they might create an incentive to recommend investment products based on the compensation
received rather than the client’s needs. Accordingly, it is Solaris policy not to accept such third-party
compensation to avoid any conflicts of interest with our clients.