Adviser Compensation. (a) The ADVISER’s annual fee for investment management services provided under this Agreement shall be based upon a percentage (%) of the market value of the Assets under management in accordance with the fee schedule enclosed herewith as Exhibit “A”. This annual fee shall be prorated and paid quarterly, in advance, based upon the market value of the Assets on the last business day of the previous quarter. No increase in the annual fee percentage shall be effective without prior written notification to the CLIENT;
(b) CLIENT authorizes the Custodian of the Assets to charge the Account for the amount of ADVISER’s fee and to remit such fee to ADVISER in compliance with regulatory procedures;
(c) In addition to ADVISER’s annual investment management fee, the CLIENT shall also incur, relative to: [1] all mutual fund and exchange traded fund purchases, charges imposed directly at the fund level (e.g. management fees and other fund expenses); and [2] independent investment managers, the fees charged by each separate manager who is engaged to manage the Assets; and No portion of ADVISER’s compensation shall be based on capital gains or capital appreciation of the Assets, except as provided for under the Investment Advisers Act of 1940.
Adviser Compensation. (a) Unless otherwise set forth on the annexed Schedule “A”, the ADVISER’s annual fee for investment management services provided under this Agreement shall be based upon a percentage (%) of the market value of the Assets under management in accordance with the fee schedule enclosed herewith as Schedule “A”. This annual fee shall be prorated and paid quarterly, in advance, based upon the market value of the Assets on the last business day of the previous quarter. No increase in the annual fee percentage shall be effective without prior written notification to the CLIENT;
(b) CLIENT authorizes the custodian of the Assets to charge the Account for the amount of ADVISER’s fee and to remit such fee to ADVISER in accordance with required regulatory procedures;
(c) In the event that there is insufficient cash in the Account, the ADVISER is authorized to determine, without prior consultation with the CLIENT, which positions within the Account shall be liquidated to pay ADVISER's fee;
(d) In addition to ADVISER’s annual investment management fee, CLIENT shall also incur, relative to: [1] all mutual fund and exchange traded fund purchases, charges imposed directly at the fund level (e.g. management fees and other fund expenses); and [2] independent investment managers, the fees charged by each separate manager who is engaged to manage the Assets; and
(e) No portion of ADVISER’s compensation shall be based on capital gains or capital appreciation of the
Adviser Compensation a. Adviser’s annual fee for portfolio management services provided under this Agreement is in accordance with the fee schedule annexed hereto and made a part hereof as Exhibit A. The annual fee shall be prorated and details related to payment of the fee are also included at Exhibit A. No increase in the annual fee shall be effective without Client's prior written consent;
b. Unless Client pays Adviser directly for its services (in which event Adviser’s fee is due and payable upon receipt of Adviser’s billing invoice), Client authorizes the custodian of the Assets to charge the Account for the amount of Adviser’s fee and to remit such fee to Adviser in accordance with required regulatory procedures;
c. In addition to Adviser’s annual portfolio management fee, Client shall also incur, relative to all mutual fund and exchange traded fund ("ETF") purchases, charges imposed directly at the mutual fund or ETF level (e.g. advisory fees and other fund expenses); and,
d. No portion of Adviser's Compensation shall be based on capital gains or capital appreciation of the Assets except as provided for under the Investment Advisers Act of 1940, and/or relevant state law.
Adviser Compensation. The total annual advisory fee for this service shall not exceed 0.75%. A portion of this fee will be paid to Folio Investments (0.25%). This fee covers all online statements, confirmations, 1099’s, performance reporting, and commissions when trades are executed through the twice daily trading windows. Folio does impose additional fees for paper reporting, direct trades made outside the trading windows, wire transfers and bank checks. Fees to be assessed will be outlined in Schedule A of this Agreement. Annualized fees are billed on a pro-rata basis monthly in arrears based on the value of the account(s) on the last day of the month. Fees are negotiable and will be deducted from Client account(s). Private Client does not offer direct invoicing. As part of this process, Clients understand the following:
(a) Client provides authorization permitting Private Client to be directly paid by these terms.; and
(b) Client’s independent custodian sends statements, at least quarterly, showing the market values for each security included in the Assets and all account disbursements, including the amount of the advisory fees paid to Private Client; and
(c) Folio Investments sends monthly statements to Client showing the fee amount, the value of the assets upon which the fee is based, and the specific manner in which the fee is calculated as well as disclosing that it is the Client’s responsibility to verify the accuracy of fee calculation, and that the custodian does not determine its accuracy. Private Client shall never have custody except for authorized fee withdrawal of any Client funds or securities, as the services of a qualified and independent custodian will be used. Private Client generally invests Client’s cash balances in money market funds, FDIC Insured Certificates of Deposit, high-grade commercial paper and/or government backed debt instruments. Ultimately, Private Client will try to achieve the highest return on Client cash balances through relatively low-risk and conservative investments. In most cases, at least a partial cash balance will be maintained in a money market account so that Private Client may debit advisory fees for services rendered. The fees charged are calculated as described above and are not charged on the basis of a share of capital gains upon, or capital appreciation of, the funds, or any portion of the funds of an advisory Client (15 U.S.C. §80b- 5(a)(1)).
Adviser Compensation. For a description of Adviser’s compensation (“Advisory Fees”) please refer to Exhibit A. Other fee considerations. The Adviser is authorized to instruct the Qualified Custodian to deduct from Client’s account(s), the appropriate dollar amount(s) necessary to satisfy the Advisory Fees in connection with its services under this Agreement. The Adviser shall not be entitled to cash or other Client Assets held by the Qualified Custodian except those monies owed to Adviser in connection with the Adviser Compensation section of this Agreement. Subject to the Qualified Custodian’s fee debit procedures, Advisory Fees will be payable first from free credit balances, if any, in the account (as designated in Exhibit A) and second, from the liquidation of any money market funds. If such assets are insufficient to satisfy payment of the Advisory Fees, you authorize Adviser to instruct the Qualified Custodian to liquidate a portion of any assets in the applicable account to cover the Advisory Fee. In addition to the Advisory Fees, and any custodial fees charged by Qualified Custodian or issuer, the Client may also incur, relative to certain investment products (such as mutual funds, variable contracts, direct participation programs), charges imposed directly at the investment product level (e.g. advisory fees, administrative fees, and/or other expenses). Any custodial fees charged to the Client by the Qualified Custodian or issuer are exclusive of, and in addition to, the Advisory Fees as defined herein. Client acknowledges that he/she shall be solely responsible for the payment of the Advisory Fees and any other fees associated with the Assets. Fees paid in advance will be considered earned by Adviser and non-refundable to Client up to the effective termination of this Agreement as described in Section 11. Upon receipt of a proper notice of termination (“Termination Notice”) as described in Section 11, Adviser shall calculate a pro rata refund of any fees not yet earned by Adviser after the effective termination date of this Agreement. The pro rata refund will equal the total number of calendar days remaining in the billing period after the date of the termination of the Agreement to the end of that billing period divided by the total number of calendar days in that billing period. The result of that calculation will be multiplied by the total fee already paid for that quarter. The result of that calculation will represent the refund owed to Client. Refunds of advance p...
Adviser Compensation. (a) ADVISER’s annual fee for investment management services provided under this Agreement shall be based upon a fixed fee basis in accordance with the fee schedule enclosed herewith as Exhibit “A”. This annual fee shall be prorated and paid annually or monthly as agreed, in advance, based upon the fee outlined in Exhibit “A”. No increase in the fee shall be effective without prior written notification to the CLIENT;
(b) CLIENT authorizes the selected payment method to be charged for the amount of ADVISER’s fee and to remit such fee to ADVISER in compliance with regulatory procedures;
(c) In addition to ADVISER’s management fee, the CLIENT shall also incur, relative to: [1] all mutual fund and exchange traded fund purchases, charges imposed directly at the fund level (e.g. management fees and other fund expenses); and [2] independent investment managers, the fees charged by each separate manager who is engaged to manage the Assets; and
(d) No portion of ADVISER’s compensation shall be based on capital gains or capital appreciation of the
(e) In the event you maintain your account with Pave Securities, LLC, an affiliate of the ADVISER, which is a fully disclosed introducing broker dealer with Interactive Brokers, Inc. acting as the clearing and custodial broker dealer, the ADVISER’s recommended custodian, you approve of the ADVISER debiting the account any management fee due and payable under Exhibit “A".
Adviser Compensation. (a) Unless otherwise set forth on the annexed Exhibit “A”, the ADVISER’s annual fee for investment management services provided under this Agreement shall be based upon a percentage (%) of the market value of the Assets under management in accordance with the fee schedule enclosed herewith as Exhibit “A”. This annual fee shall be prorated and paid quarterly, in advance, based upon the market value of the Assets on the last business day of the previous quarter. No increase in the annual fee percentage shall be effective without prior written notification to the CLIENT;
(b) CLIENT authorizes the Custodian of the Assets to charge the Account for the amount of ADVISER’s fee and to remit such fee to ADVISER in compliance with regulatory procedures.
Adviser Compensation. For the services to be rendered hereunder, the Fund shall pay to the Adviser the fees set forth on Schedule A attached hereto, which Schedule A may be amended from time to time by mutual agreement of the Board of Directors of the Corporation (acting on behalf of the Fund) and the Adviser.
Adviser Compensation. On an annualized basis, our firm’s fee for continuous portfolio management services is as follows: 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) Your independent custodian sends statements at least quarterly to you showing the market values for each security included in the Assets and all disbursements in your account including the amount of the advisory fees paid to us;
b) You provide authorization permitting us to be directly paid by these terms;
c) We send a copy of our invoice to the independent custodian at the same time we send the invoice to you;
d) Our invoice includes a legend that urges the client to compare information provided in their statements with those from the independent custodian. *In rare cases, we will agree to directly xxxx clients.
Adviser Compensation. The Adviser’s fee for non-discretionary investment advisory and management services provided under this Agreement shall be based on the value of the Account according to the following schedule: up to $100,000 1.00% 1.00% From $100,001 to $250,000 .90% .96% From $250,001 to $500,000 .80% .89% From $500,001 to $1,000,000 .70% .81% From $1,000,001 to $2,500,000 .60% .71% From $2,500,001 to $5,000,000 .50% .62% From $5,000,001 and over .25% .42% at $10m The Account balance shall include those Adviser managed assets held at any custodian (including assets allocated to discretionary third party advisers and or sub-advisers). Fees will be calculated and due quarterly based on the Account value as of the last business day of the quarter. Account value will include accrued interest and dividends, and the value for fee calculation purposes may differ from the market value reported by the custodian. Partial quarters will be prorated. Payments not received within thirty days from billing will incur a finance charge equal to eighteen (18%) percent per year. Fees may be payable directly from Client, or may be debited from the Account upon written authorization from Client. No portion of Adviser Compensation shall be based on capital gains or capital appreciation of the Account except as provided for by applicable securities laws.
