The annual advisory fee is based on a percentage of assets under management, billed quarterly in advance. The minimum annual account fee is $10,000, billed as $2,500 quarterly, but this minimum may be waived. Some clients have older agreements with different fees. Fixed fees range from $75,000 to $80,000 annually, billed quarterly in advance. Project-based fees range from $100 to $500 per hour, depending on the staff member.