The annual advisory fee is based on the amount of assets managed, as outlined in the provided fee schedule. Fees are subject to negotiation and may be adjusted based on the depth and complexity of services offered. For example, bond or ETF portfolios may be charged a lower fee than portfolios consisting of individual equity securities. Clients using CWMI’s tax preparation service may pay a higher fee than those not using the service. Some clients may have a fee schedule that predates the current fee schedule and as a result will pay CWMI a higher or lower fee than reflected on this schedule. CWMI reserves the right to charge a flat, non-adjustable fee that does not change based on assets under management for the client.