Fees and Compensation
Fees for accounts will start at 1/4 of 1% for assets in their accounts up to $500,000 and go down from there
based on activity and time/effort in putting their investment plan in place. A fee of 7/32% of assets between
$500,001 and $1,000,000, 5/32% for assets between $1,000,001 and $3,000,000, 3/32% for assets
between $3,000,001 and $10,000,000 and 1/32% for assets between $10,000,001 and $20,000,000. There
is also the possibility of a transaction fee based structure as mutually agreed upon if desired. Fees may be
negotiated (reduced) under certain instances based on a particular situation and needs. In all cases, clients
will be made aware in writing, have the right of refusal and agree to all charges prior to any request for
payments. Billing for fees will be at least annually or quarterly if desired but in all cases in arrears. No
prepayment of fees will be requested or allowed. Upon approval, fees will be deducted automatically from
their account unless clients request the ability to make payments via another method.
There will be no other fees associated with their accounts with the exception of the minimal execution fees
charged by the discount broker.
Any mutual funds purchased will be "no-load institutional mutual funds" that carry no front, rear or trailing
commissions. Insurance products will no longer be suggested as mister Berg has terminated his insurance
registration. Existing policies will be addressed with the appropriate companies only with the approval of the
clients and the issuing firms..
The applicant will receive no compensation other than the "fee structure" mentioned above and stresses
that other than the minimal compensation expected to cover his cost and a small profit, there will be no
other compensation expected or received.
Disputes will be handled directly between the client and Berg Investment Planning and resolved within two
business days to everyone's satisfaction.
Conflicts of interest will be discussed and explained verbally and in writing. Applicant wants to make sure
that a client is fully aware of Berg Investment Planning's ownership, intentions and possible purchase/sale
of a security prior to receiving a client's unsolicited order for the same or similar issue.
An advisory client has a right to terminate the contract with Berg Investment Planning without penalty within
five (5) business days after entering into the contract. If and when a client terminates this contract, fees
would be prorated.