The advisory fees are negotiable and based on the value and type of assets managed. The annual fee is 2.00% for the first $1,000,000, 1.75% for assets between $1,000,001 and $5,000,000, and 1.50% for assets over $5,000,000. Fees are charged quarterly in advance, subject to a $300 minimum quarterly fee. Clients may also pay a $50 annual custodial fee for IRA accounts. Transaction fees of $20.00 - $40.00 per trade may apply. Due to the quarterly minimum fee, a client's annual fee may exceed 2%.