Item 5 - Fees and Compensation
Westport’s Portfolio Management services are provided for a quarterly management fee, which is based upon the value
of each client’s assets under management. The fee is charged quarterly in advance and is based upon the assets under
management as of the first day of each calendar quarter. Fees are negotiated on a case-by case-basis, as discussed more
fully below, and are documented in an Investment Advisory Agreement executed with each client at the outset of the advisory
relationship. The current standard fee schedule is as follows:
Assets Under Management Fee (annually)
$1 to <$250K 2.00%
$250K to <$500K 1.75%
$500K to <$1M 1.50%
$1M to <$5M 1.25%
$5M and above 1.00%
As an example, on a hypothetical investment of $1 million, the first $250,000 of assets under management would be
charged 0.5% each quarter or a total of 2% on an annual basis. The amount of assets that exceed $250,000 up to $500,000
would be charged 0.4375% per quarter or a total of 1.75 % per year. The next $500,000 of assets would be charged 0.375
per quarter or 1.5% per year. This is illustrated by the following:
• The first $250,000 at 2% $5,000
• The next $250,001 to $500,000 at 1.75% $4,375
• The next $500,001 to $1,000,000 at 1.5% $7,500
Accordingly, a hypothetical investment of $1,000,000 would be charged a total advisory fee of $16,875 annually on a tiered
basis. In addition to the above fees, some advisory accounts pay a ticket charge for each transaction in the account. This
charge is to cover the transaction fees charged by National Financial Services, LLC (“NFS”) or a similar custodian and
ranges from, $0.00 to $25.00, per transaction. Ticket charges, like fees, are negotiable and are established at the outset
of the Investment Advisory relationship. Other Fees are discussed below.
Form ADV Part 2A Investment Adviser Brochure Page 6
Westport Capital Markets, LLC.
If you have any questions about how Westport is charging fees on your account, please discuss them with your financial
professional or the firm’s Chief Executive Officer, Christopher E. McClure. They can provide you with details on how your
specific assets are being charged.
Pursuant to the terms and conditions of the written Investment Advisory Agreement, portfolio management fees are
automatically deducted from each client’s account held at the firm’s preferred broker-dealer/qualified custodian of
record, NFS. Clients should note that NFS can and will charge additional fees directly to the client’s account in the form
of service fees, exchange fees, annual IRA maintenance fees, transfer fees and, depending on what is negotiated with
the client, ticket charges. Westport receives a portion of the service fees, taxable account transfer fees and ticket charges,
if applicable.
Clients are strongly encouraged to discuss all fees, costs and expenses associated with the services they receive directly
with their financial professional at Westport. Periodic statements are provided by NFS or another qualified custodian,
at a minimum, on a quarterly basis. Clients should review these statements carefully and contact Westport promptly if
they have any questions regarding investments, costs or fees. The advisory fees are reflected on clients’ periodic
statements.
Westport and some of its financial professionals are also licensed as insurance agents and have the ability to offer clients
annuities and life insurance as part of their managed account. Our financial professionals will receive compensation
from the insurance companies for these products, but clients are not charged a management fee on insurance-based
products.
Clients who have accounts on multiple platforms are not eligible for the tiered fee schedule included above. These tiers
are only available on a single-platform basis. Clients who have accounts with different objectives, in most cases, are not
eligible for a tiered fee. An actively managed stock portfolio typically has a higher fee than a fixed income portfolio, which
generally is less actively traded. Client fees greater than the above disclosed fee schedule must be approved by Westport’s
Chief Executive Officer or Chief Compliance Officer along with written justification for the deviation. All fees for additional
services are agreed upon in writing by the client.
In certain cases, the firm charges a fixed fee for its advisory services, including financial planning and pension
consulting services. Such fees are subject to negotiation, but are generally derived from the anticipated level of work
to be performed or scope of the project involved and are typically different for each client. These fees are typically paid
in advance and can be paid through automatic fee deduction or invoice. Such fees are agreed to in writing in advance by
the client. Some clients are charged fees that exceed the stated fee range due to additional services that are provided by
Form ADV Part 2A Investment Adviser Brochure Page 7
Westport Capital Markets, LLC.
the firm to the client that include, but are not limited to, frequent client meetings or consultations and personal financial
planning services requested by the client.
All fees and charges are negotiable and are discussed with the client in advance of signing the Investment Advisory
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