PWA charges a fee based on a tiered percentage of assets under management. For example, a client with $3,000,000 in assets would pay an effective annual fee of 1.0%. Fees are directly debited from client accounts quarterly in advance. Fees and account minimums are negotiable. Clients may terminate the agreement with written or oral notice and receive a refund of unearned fees. A minimum account size of $1,000,000 is normally imposed.