Management fees and performance-based compensation are charged as outlined in each client's agreement. Fees are generally deducted monthly in advance and are non-refundable. Performance-based fees are typically received annually in arrears. Fees for sub-advisory and model provider services are agreed upon with unaffiliated financial services firms and can vary. Clients also incur third-party brokerage commissions and other transaction costs. The firm may negotiate alternative fee arrangements.
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