Caldwell's advisory fee is negotiable, but will not exceed 1.5%. The annual portfolio management fee is billed and payable quarterly in advance. The fee for CS Value strategy varies based on asset class: 0.5% for fixed income and limited partnerships, 1% for ETFs and closed-end funds, and 1.5% for individually researched equities. The fee for CS Strategic Diversified ranges from 0.15% to 1.5% annually. Existing client accounts may have a different fee schedule. There is no hard minimum to opening an account.