The annual investment advisory fee is based on a percentage of assets managed (see table). For clients who engaged the firm after July 1, 2021, and maintain less than $1 million in assets, a higher percentage advisory fee than 1.00% will apply. The firm generally requires a $1,000,000 portfolio minimum, but this may be reduced or waived at the firm's discretion. Fees are deducted quarterly in advance. Fee amounts may vary based on several factors, potentially resulting in different fees for similarly situated clients.