Wealth management fees are negotiable and can be up to 2.5% annually, billed quarterly or monthly. Clients invested in the Defined and Fairway Strategies will pay a performance fee of 20% based on capital appreciation, in addition to the annual management fee. Employer-sponsored retirement plan advisory fees can be up to 2.0% annually. Business succession planning is charged via a negotiable monthly retainer. There may be additional fees charged by third parties. AWM requires a minimum account size of $500,000, but may waive this requirement at its discretion.