Highland Capital calculates fees based on the market value of assets under management. Fees are negotiable and payable quarterly. The brochure lists different fee schedules for various investment strategies, including traditional fixed income, traditional equity, institutional equity, institutional balanced, institutional short-term fixed income, SMID Cap Core Alpha, and Core Plus. There is a minimum annual fee of $10,000 for Institutional Short-Term Fixed Income. The Core Plus strategy includes a performance fee. Account minimums apply to some strategies. Clients also incur brokerage commissions and potential custody fees. Fees are negotiable.