Fees for portfolio management services range from 0.25% to 2.00% annually, depending on the assets under management, the complexity of services, and the level of administration. Fees are billed monthly in arrears based on the asset value at the end of each month. Fees may be negotiable. Clients also pay custodial and brokerage fees. Fund management fees for mutual funds or ETFs are paid out of fund assets. The firm does not state a minimum annual fee.