Fees for investment management are negotiated and typically range from 0.60% to 1.50% annually, depending on account size and service complexity. Some qualified investors may also have a performance fee of up to 20%. Execution charges for advisory accounts at Pershing executed through our affiliate broker-dealer generally range from $30.00 to $60.00 per transaction. Family office service fees range from $500 to $15,000 per month, based on the services requested. A minimum account value of $300,000 is generally required.