Spectrum charges an annual fee based on a percentage of the assets they manage. The specific percentage varies depending on the type of account (Equity & Balanced, Fixed Income, or Cash Management) and the asset level. Emerging Wealth Management accounts (below $750,000) have a maximum fee of 1.65%. Fees are prorated and paid quarterly in advance. Financial planning fees are determined based on the nature and complexity of the services provided and are agreed upon beforehand. Spectrum generally encourages a minimum asset level of $1 million to commence an engagement.