QCM generally manages assets for advisory clients on a discretionary basis, but can also manage assets on a non-discretionary basis, both subject to a management fee. Quarterly fees for portfolio management are based on a percentage of the value of the investments under management or a fixed annual fee, payable quarterly in arrears. The standard fee is up to 50 basis points per quarter or two percent (2%) per year, including all sub-advisory fees. Total fees will not exceed three percent (3%) of assets. Exceptions to the established fee schedule can be negotiated. The minimum account size is $10,000 in assets under management. Clients with assets below the minimum account size can pay a higher percentage rate on their annual fees than the fees paid by clients with greater assets under management.