SFSI's wrap program charges an annual asset-based Portfolio Management Fee and a separate Program Fee, billed quarterly in advance. The Program Fee ranges from 0.10% to 0.08% of assets under management. The Portfolio Management Fee is based on household assets under management (see table above). A one-time initial personal portfolio development fee may be charged for complex portfolios, ranging up to $2,500. SFSI also offers investment discretionary services on direct packaged products such as mutual funds, including 529 accounts and variable insurance products. A flat annual fee of 0.50% of the assets under management will be charged quarterly in arrears for mutual funds. For variable insurance products a flat annual fee of 0.75% of the assets under management will be charged quarterly in arrears. Fees are negotiable.