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Held-Away Account Services Pricing
If you have investments held at another financial institution or want final discretion. In that case, we provide advisory services through our Held-Away Services (indirect portfolio management). In addition, we provide analysis and recommendations, especially if limited funds are available, for example, in 401(k)'s, for your Held-Away assets to ensure they align with your overall investment strategy and goals.
Our advisory costs are tiered and paid in arrears. The cost is calculated by assessing percentage rates based on predefined asset levels, as shown in the chart below. The percentage rate is then applied to the assets under management (AUM) as of the last day of the previous quarter.
AUM Charge: 0.25% - 0.45%
AUM | Annual Charge |
|---|---|
$2.5M - $5M | 0.35% |
Over $5M | 0.25% |
$0 - $2.5M | 0.45% |
(M = Million)
For example, for assets under management of $155,000, a client would pay 0.45%.
The following calculation determines the quarterly charge:
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Value of client's account(s) as of the last day of the billing period: $155,000
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Calculation: (0.45% ÷ 4) x $155,000 = $174.38
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