(04) Fees
Fees in basis points.
On one page, with a cap.
You pay on the assets we manage, in tiers that get cheaper as you grow. The total never goes above $12,400 a year, whatever the market does.
Billed quarterly in arrears · minimum household $180,000
Household:
$750,000
$2,500,000
$4,861,240
$10,000,000
First $2M at 35 bps
$7,000.00
$2M to $5M at 25 bps
$7,153.10
Above $5M at 12 bps
—
Annual cap
−$1,753.10
Your fee this year
Effective rate 0.26%
Cap reached
$12,400.00
Fund costs (average 0.07%) are paid to the fund managers, not to us. Trading, harvesting, planning and incoming transfers: $0.
(01) What we don’t charge
Five things cost nothing. They’re part of the fee.
Trading
No commissions from us on any trade the AI drafts and your advisor signs.
$0
Tax-loss harvesting
Every harvest, every lot, every year.
$0
Planning
Your policy, its yearly review, and every plan check.
$0
Transfers in
We cover the transfer fees your old firm charges, up to $500.
$0
Closing your account
Your holdings move to you or your next firm, in kind, at no charge.
$0
(02) Fund costs
0.07% on average. Paid to the fund managers, not to us.
Every fund’s expense ratio is shown on the holding in your account. We don’t receive any part of it.
US equity
US total-market index fund
0.03%
International
Developed and emerging markets index
0.07%
Bonds
Treasury ladder and aggregate bond fund
0.04%
REITs
Real estate investment trust index
0.12%
Cash
4-week T-bills
0.00%
(03) The same household at 1.00%
$48,612.40 a year, or $12,400.00.
The Avery household’s $4,861,240 at a flat 1.00% of assets, next to our schedule with its cap. Illustrative arithmetic, not a market average.
At 1.00% of assets
$48,612.40
Tranche, capped
$12,400.00
Difference: $36,212.40 a year. Illustrative arithmetic, not a market average.
(04) Questions