Generally, you won't be charged separately for financial planning or wealth strategy. These services are included in the portfolio management fees. However, an additional fee may be charged for financial planning services or for consulting on wealth strategy and family governance matters based on the scope of work required. The annual portfolio management fee is based on a percentage of your assets under management. For portfolios of less than $5,000,000, the fee is 1.25% on the first $1,000,000, 1.00% on the next $1,000,000, and 0.80% on the remaining balance. For portfolios of $5,000,000 or more, the fee is 0.80% on the first $5,000,000, 0.60% on the next $5,000,000, and 0.50% on the remaining balance. Fees are negotiable for portfolios greater than $20,000,000. For portfolios managed consisting solely of various fixed income strategies, the annual fee is 0.60% for $0-$2,500,000, 0.55% for $2,500,001-$5,000,000, 0.50% for $5,000,001-$10,000,000, and 0.45% for more than $10,000,000. The firm requires a minimum account size of $1 million for participation in the wrap program, though we may permit smaller accounts in our sole discretion.