Fees for direct clients are negotiable and can vary. The general range is 1.00% - 2.00% annualized for Model Portfolios, Model Portfolios with Risk Assist®, and Real Spend®. The maximum management fee retained by Horizon is 1.00%, with the remainder paid to the Introducing Firm. For HCP accounts, the maximum annualized management fee is 0.75%. The minimum account size is $25,000 for Model Portfolios and $50,000 for accounts with Risk Assist® or Real Spend®. Fees for retirement plan assets range from 0.50% - 0.70%.