Are fees deducted from my account?
Quarterly, in arrears (after the period ends), from your custodian — usually a money-market account so we don't need to liquidate holdings. The fee shows on your custodian statement; you see it.
ACCOUNT 0001FOLIO IVFEE SCHEDULE · POSTED
ALL-IN · NO LAYERED FEES · FORM ADVOne fee.
All-in.
Asset-based, tiered. Same fee on every engagement letter as on this page. No load funds, no transaction commissions, no platform charges, no referral kickbacks. Bundled across all four service lines. Form ADV publicly filed; same numbers there.
ACCOUNT 0001FOLIO IV.ITIERS · AUM-INDEXED
EXAMPLE: $5M = ~0.91% BLENDED
Four
tiers.
Tiered, not flat. A $5M portfolio pays 1.00% on the first $2M + 0.85% on the next $3M — effective blended rate ~0.91%. Same all-in coverage at every tier; the rate schedule reflects that larger accounts cost less per dollar to service.
- T-01Up to $2M AUMEntry tier · most new engagements start here1.00%
- T-02$2M — $5M AUMMost clients · effective blended rate ~0.91% at $5M0.85%
- T-03$5M — $15M AUMEstablished · multi-account family · concentrated-stock situations0.65%
- T-04Above $15M AUMUltra-high-net-worth · family-office coordination · custom alternativesNegotiated
i Tiered means each band is charged at its own rate. Example: $5M portfolio = $2M × 1.00% + $3M × 0.85% = $20K + $25.5K = $45.5K annual fee (effective rate 0.91%). Custom schedules apply to clients with substantial concentrated stock or complex situations.
ACCOUNT 0001FOLIO IV.IIWHAT'S INCLUDED · WHAT WE DON'T CHARGE
ONE FEE · ALL-IN
BUNDLED IN AUM · 8 ITEMSWhat's
What's
included.
- Comprehensive financial planning· Refreshed annually with the spring meeting
- Investment management + rebalancing· Tolerance-band; tax-aware
- Tax-coordinated trading· Coordinated with your CPA
- Retirement-income planning· Monte Carlo + sequence-risk modeling
- Estate-coordination support· With your existing or referred attorney
- Concentrated-stock unwinding· Tax-aware diversification roadmap
- Quarterly reviews· By Zoom or in person
- Annual offsite· Half-day, in person, includes CPA + attorney by Zoom
NEVER CHARGED · 6 ITEMSWhat we
What we
don't charge.
- Load funds· We don't use them. Period.
- Transaction commissions· Trades execute at zero on Schwab/Fidelity for most assets.
- Platform / service fees· Bundled into the AUM fee.
- Initial planning fees· No setup fee, no plan fee. The plan is the engagement.
- Cancellation fees· None. Cancel any time; we pro-rate the quarter.
- Referral kickbacks· We don't pay or receive them. Referrals are referrals.
ACCOUNT 0001FOLIO IV.IIIFREQUENTLY ASKED · FEES
6 QUESTIONS · WE ANSWER
The
questions.
Six questions clients ask about fees. Same answers we'd give in the introduction — we don't have a different version for the website. Form ADV is publicly filed at SEC.gov; we'll point you to it during the introduction.
Are fees tax-deductible?
For most individuals, no — TCJA suspended the deduction. For trusts + entities, often yes. Discuss with your CPA; we coordinate with them in the spring meeting.
Are there other costs?
Custodial fees from Schwab/Fidelity (typically zero on most accounts), expense ratios on the underlying funds (we average 0.18%), and trading costs (effectively zero on the platforms we use). All disclosed in our Form ADV; nothing hidden.
Why no flat-fee or hourly?
We've considered both. The asset-based model aligns our incentive with growing your wealth and works for the comprehensive ongoing relationship. For one-time advice without ongoing implementation, we have referrals to flat-fee specialists.
What if my portfolio drops in value?
Our fee drops with it. The 1% fee on $2M is $20K/yr; on $1.6M it's $16K/yr. We're aligned with you in the math.
Can I see exactly what I'm paying?
Yes — the quarterly statement shows the fee in dollars, the period, and the assets it was billed on. Annual statements aggregate the year. Form ADV (publicly filed) shows the schedule we charge.
ACCOUNT 0001FOLIO IV.IVINTRODUCTION · DISCUSS YOUR TIER
