Item 5 - Fees and Compensation
FEE SCHEDULE: Investment Management Services
Fees for Investment Management Services range from 0.25% to 1.2% percent per year based on
assets under management and the complexity and needs of the account. UAS requires a minimum
fee of $5,000 per annum per household account, but the Company may make an exception in rare
cases.
Fees are paid quarterly, in arrears, and shall be based on the account balance at the end of the
quarter. Fees are payable on a prorated basis for periods covering less than a calendar quarter.
The contractual relationship may be terminated at any time, for any reason by either party giving
thirty (30) days written notice to the other, or as otherwise agreed to contractually. In the event
this cancellation occurs within five (5) business days from the signing of this agreement, UAS will
return any amount received for the execution of this agreement. Should cancellation occur after
the fifth (5th) day, an hourly fee of $300.00 will be applied for all the time spent in the preparation
of this account, including development of an IPS and meetings with Clients and/or their other
advisers. Written notices of termination are to be provided to each party at their current address.
Payment of fees will be made by the custodian holding the Client’s funds and securities through a
direct debit of the accounts. In exceptional circumstances, the Client may make other payment
arrangements.
For clients, whose annual investment management fees fail to meet the $5,000 minimum, a summary
retirement analysis can be provided upon request as a stand-alone service for $1,500.
FEE SCHEDULE: Wealth Management Services
Fees for ongoing Wealth Management Services range from 0.25% to 1.2% percent per year based
on assets under management. Fees for this more comprehensive service are typically higher in the
stated range than they would be for providing stand-alone Investment Management services. The
level of fee is dependent upon the size, complexity and needs of the account. UAS requires a
minimum fee of $5,000 per annum per household account, but the Company may make an
exception in rare cases.
Fees are paid quarterly, in arrears, and shall be based on the account balance at the end of the
quarter. Fees are payable on a prorated basis for periods covering less than a calendar quarter.
The contractual relationship may be terminated at any time, for any reason by either party giving
thirty (30) days written notice to the other, or as otherwise agreed to contractually. In the event
this cancellation occurs within five (5) business days from the signing of this agreement, UAS will
return any amount received for the execution of this agreement. Should cancellation occur after
the fifth (5th) day, an hourly fee of $300.00 will be applied for all the time spent in the preparation
of this account, including development of an IPS and meetings with Clients and/or their other
advisers. Written notices of termination are to be provided to each party at their current address.
Payment of fees will be made by the custodian holding the Client’s funds and securities through a
direct debit of the accounts. In exceptional circumstances, the Client may make other payment
arrangements.
Fees for stand-alone financial planning services will be negotiated prior to the beginning of work,
and a material portion of the total fee may be payable at the onset of work.
FEE SCHEDULE: Family Office Services
Annual retainers (usually paid in arrears in twelve monthly installments) for Family Office services
are fixed in advance based on the factors and schedule detailed below in order to remove the
uncertainty of an open-ended and unexpectedly expensive process based on hourly billing. As a
reference point, annual retainers for Family Office Services will generally range from 0.25% to
1.50% of the client’s cumulative net worth, however, the fee is determined based upon the expected
complexity of the analysis and the resulting recommendations. Factors considered in determining
Family Office fees include but are not limited to:
1. The time and effort required, the magnitude and complexity of the issues involved,
and the skill required to perform our services;
2. Assets under management;
3. Involvement of other advisors relevant to any technical and/or supporting
documentation;
4. Time constraints imposed by the Client or the Client’s other advisers;
5. The nature and longevity of our professional relationship, including the use of other
UAS services;
6. Any extra expenses, such as organizing or collating Client data or travel;
7. International status of client or client assets;
8. Discounts for services not required; and
9. Provision of services that require an additional letter of engagement.
There is a $50,000 minimum annual fee for the Family Office services. All minimal annual fees
are negotiable.
Payment of retainer: As much as one-quarter (25%) of the first year’s retainer including
adjustments may be due at commencement of work. Thereafter, regular billing will commence
monthly in arrears unless other arrangements have been made between the client and UAS.
The annual retainer fee may be adjusted periodically to reflect changing Client circumstances or
net worth, or to reflect changes in the level of service provided by UAS and our costs to provide
the services. All adjustment to annual retainer fees will be agreed upon by the client and UAS prior
to any change in monthly retainer payments.
If non-dependent children and grandchildren will have access to full Family Office services, the
Company will take into account their situation (and the factors above) when calculating the
overall Family Office annual retainer, subject to a minimum of $5,000 additional annual fee per
non-dependent child and grandchild.
FEE SCHEDULE: Other Services
Special Project Consulting Services
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