Fees for portfolio management, financial planning, and employee benefit plan advisory services are negotiable. The maximum annual fee rate for portfolio management is 2.5%. Financial planning fees range from $500 to $20,000 annually or up to $250 per hour. Clients are responsible for third-party fees like custodian, brokerage, and mutual fund fees. APIA collects fees in advance, but no more than six months. Refunds are provided if the advisory agreement is terminated early.