Advisor Compensation. Adviser’s fee for the service provided under this Agreement is set forth on Schedule “B” which is annexed hereto and made a part hereof. This annual fee shall be payable, quarterly in advance. There is an Initial Engagement Fee as follows: $2,000 upon execution of this agreement $2,000 upon delivery of the Investment Policy Statement Quarterly billing of the ongoing Investment Advisory Fee (Schedule B) will begin on the delivery, transfer and implementation of the Investment Policy. For the first quarter, the billing will be reduced by any Initial Engagement Fees already paid. Should the client elect not to implement the firm’s recommendations subsequent to the delivery of the Investment Policy, no further charges will be incurred above the full Initial Engagement Fee.
Appears in 2 contracts
Sources: Wealth Management Agreement, Wealth Management Agreement