Adviser Compensation. Our annual fees for Asset Management shall be based on a negotiated percentage of the market value of assets under management not to exceed 1.5%. Our firm’s fees are billed on a pro-rata annualized basis quarterly in advance based on the value of your account on the last day of the previous quarter. Fees will generally be automatically deducted from your managed account*. As part of this process, you understand and acknowledge the following: a) LPL Financial as your custodian sends statements at least quarterly to you showing all disbursements for your account, including the amount of the advisory fees paid to us; b) You provide authorization permitting LPL Financial to deduct these fees; c) LPL Financial calculates the advisory fees for all flat fee schedules and deducts them from your account. d) LPL Financial calculates all tiered advisory fee accounts. LPL Financial will deduct advisory fees from your account. *We do not offer direct billing as an option to our Asset Management clients.
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Sources: Asset Management Agreement, Asset Management Agreement
Adviser Compensation. Our annual fees for Asset Management shall be based on a negotiated percentage of the market value of assets under management not to exceed 1.5%. Our firm’s fees are billed on a pro-rata annualized basis quarterly in advance based on the value of your account on the last day of the previous quarter. Fees will generally be automatically deducted from your managed account*. As part of this process, you understand and acknowledge the following:
a) LPL Financial as your custodian sends statements at least quarterly to you showing all disbursements for your account, including the amount of the advisory fees paid to us;
b) You provide authorization permitting LPL Financial to deduct these fees;
c) LPL Financial calculates the advisory fees for all flat fee schedules and deducts them from your account.
d) LPL Financial calculates all tiered advisory fee accounts. LPL Financial will deduct advisory fees from your account. ** We do not offer direct billing as an option to our Asset Comprehensive Portfolio Management clients.
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