The annual fee for portfolio management is based on a percentage of assets managed (see table). Some clients with established relationships, institutional accounts, and family office accounts may be subject to a different fee schedule. The fee is billed semi-annually in arrears. Account values of family members can be combined to determine the applicable advisory fee. Johnson Mutual Funds held in portfolios will never be subject to both an advisory fee and the expense ratio of the fund. Financial planning fees are due upon completion of services rendered.