Fees and Compensation — Form ADV Part 2A (3/7/2025)
[Brochure]
Item 5 – Fees and Compensation
The specific manner in which fees are charged by WAMI is established in a client’s written
agreement with WAMI. The typical management fee for institutional and high-net-worth clients
is 1%. However, fees are negotiable and some clients have negotiated performance-based fees.
Clients are billed and fees are payable quarterly in arrears at the end of each calendar quarter
based on the market value of the account at the quarter-end. Accounts initiated or terminated
during a calendar quarter will be charged a pro-rated fee for the applicable portion of the
calendar quarter and the client will be billed following the termination of the account.
Terminated accounts with performance-based fees are billed a pro-rated partial-year performance
fee following the termination of the account.
WAMI believes that its fees are competitive with fees charged by other investment advisers for
comparable services. Comparable services may be available, however, from other sources for
lower fees than those charged by WAMI.
WAMI’s fees are exclusive of brokerage commissions, transaction fees, and other related costs
and expenses which shall be incurred by the client. Clients may incur certain charges imposed by
custodians, brokers, third party investment advisers and other third parties. Mutual funds and
exchange traded funds also charge internal management fees, which are disclosed in a fund’s
prospectus. Such charges, fees and commissions are exclusive of and in addition to WAMI’s
management fee, and WAMI does not receive any portion of these commissions, fees, and costs.
Please see Item 12 of this Brochure for a further discussion of WAMI’s brokerage practices,
including the factors that WAMI considers in selecting or recommending broker-dealers for
client transactions and in determining the reasonableness of such broker-dealers’ compensation
(i.e., commissions).
Account Minimums and Types of Clients — Form ADV Part 2A (3/7/2025)
[Brochure]
Types of Clients
WAMI provides portfolio management services to corporate pension and profit-sharing plans,
charitable institutions, foundations, endowments, corporations and other business entities, private
funds and high-net-worth individuals.
Minimum account size is generally $10 million although WAMI may elect to waive or modify
this minimum at its sole discretion.