Clients pay a single wrap fee for investment advisory services and associated custodial transaction costs. The Wealth Management Fee is up to a maximum annual rate of 1.25% of the gross market value of assets under management, paid quarterly, in advance. The fee is determined based on the complexity of services, level of assets, and overall relationship with the Adviser. Clients may pay other fees and expenses, such as holdings charges, mutual fund expenses, and wire transfer fees. A pro-rata refund of unearned fees is provided upon termination.