The annual investment advisory fee is a percentage of the market value of assets managed, generally between 0.80% and 2.50%. The specific fee percentage is determined by the referring broker-dealer or investment adviser, and clients can negotiate this fee. The firm generally requires a minimum asset level of $20,000, but this may be waived at their discretion. Custodian charges are separate, currently at 0.15% annually. Fees are deducted quarterly in advance, and are prorated upon termination.