You'll typically pay an annual fee based on the market value of your assets under management. The fee is 1% on the first $1,000,000, 0.75% on the next $4,000,000, and 0.50% on assets above $5,000,000. Fees are billed quarterly in advance. The amount of your fee may be negotiable depending on circumstances. The minimum account size is generally $500,000, but this may be waived.