Firm Information
Compensation
Number of Advisors
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $30.0M | 0.60% |
| $30.0M - $50.0M | 0.40% |
| $50.0M - $100.0M | 0.30% |
| $100.0M - $200.0M | 0.25% |
| $200.0M - $300.0M | 0.20% |
| $300.0M - $400.0M | 0.15% |
| $400.0M - $500.0M | 0.10% |
| $500.0M - $750.0M | 0.05% |
| $750.0M - $1000.0M | 0.03% |
| $1000M+ | 0.03% |
Fees are negotiable.
Fee Estimator
Discretionary investment management fees are based on the market value of assets under management, invoiced either as a retainer (negotiated monthly or quarterly) or as a percentage of assets (paid quarterly in arrears). The minimum discretionary investment management account size is $30 million, with a corresponding annual minimum fee of $150,000, though this may be waived. Non-discretionary advisory fees are also invoiced either as a retainer or percentage of assets, with the percentage typically not exceeding 1.5% of assets under advisement. The minimum non-discretionary investment advisory account size is $100 million with a corresponding annual minimum fee of $250,000, though this may be waived. Fees are negotiable.
Areas of Practice
Advisor Information
Office location
111 W Monroest, 10E, Chicago, IL, 60603
Get directionsRegulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
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Michael serves as a trustee for Harris N.A. Personal Trust and Investment. This activity is not investment-related and the time commitment is not specified.