IPW's model portfolio solutions and direct asset management services are provided on a wrap-fee basis, meaning you'll pay a fee based on assets under management. Each IAR can set IPW’s annual investment advisory fee up to a maximum of 1.65%. The fee includes compensation for IPW and potentially the model portfolio manager. Certain custodian fees, like alternative investment fees, are not covered. Financial planning and consulting services are offered separately under hourly- and fixed-fee arrangements. Lower fees may be available elsewhere.