CGPCS clients pay an advisory fee based on total managed assets. In addition to the advisory fee, clients are assessed a Separately Managed Service Fee on assets invested in the SMA program. There is a minimum managed relationship size of $5 million. For relationships below $5 million, advisory fees will be assessed based on the following schedule: 1.00% up to $1 million; 0.90% from $1 million up to $3 million; and 0.80% from $3 million up to $5 million. Clients may be able to select certain discretionary cash management services whereby the assets are invested, and proceeds are reinvested, in short-duration fixed income securities and cash equivalent investments. For these services, a flat advisory fee of 0.10% annually will apply. For non-advisory services, CGPCS will generally charge an administrative service fee of 0.10% annually; or 0.05% annually for clients with a standard advisory fee arrangement and at least $20 million of managed assets.