LRP charges an annual investment management fee based on assets under management: 1.00% on the first $3 million, 0.75% on amounts between $3 million and $8 million, and 0.50% on amounts exceeding $8 million. Fees are charged quarterly in arrears. LRP may waive or negotiate lower fees for employees, employees’ family members, and certain clients. The minimum account size is generally $2,000,000, but this is negotiable.