FEES

Our revenues come exclusively from advisory fees that are calculated as a percentage of clients’ assets (please see the fee schedule below). Our advisory fees cover both portfolio management and financial planning services. The fees are paid quarterly in arears based on the value of clients’ assets on the last business day of each quarter. We have no minimum advisory fees.

Direct investing in public equities allows us to avoid mutual fund and exchange-traded fund fees. That said, we may use low-cost funds to build fixed income allocations in balanced portfolios.

Charles Schwab, our principal custodian, may also charge its own transaction and processing fees.

Our policy is to stay away from any questionable arrangements or situations that may involve conflicts of interest. To that end, we do not sell any third-party products, be it from brokers, insurance companies, or otherwise. Our interests are aligned with those of our clients, i.e., our earnings grow only when our clients’ assets grow.

Annual Fee Asset Level

1.00% First $1,000,000

0.75% Next $2,000,000

0.50% Next $2,000,000

0.30% Any assets above $5,000,000