The annual portfolio management fee is based on a percentage of assets managed, billed quarterly in advance. For equity and balanced portfolios, fees range from 1.65% on the first $250,000 to 0.80% for assets over $10,000,000. Fees are negotiable based on individual client circumstances. A minimum of $500,000 is generally required to open and maintain an advisory account, but this may be waived or altered at the firm's discretion. Persons providing investment advice on behalf of the firm are licensed as independent insurance agents and may earn commission-based compensation for selling insurance products.