ETF Portfolio Partners charges an annual investment management fee based on a percentage of the market value of the assets being managed. The fee is prorated and paid quarterly, in advance, based on the market value of the assets on the last day of the previous quarter. Fees are negotiable for special circumstances. The annual fee schedule is 1.00% on the first $1,000,000, 0.75% on the next $4,000,000, and 0.50% thereafter. The Investment Advisory Agreement may be canceled at any time with 30 days’ written notice, and a prorated refund of unearned fees will be provided.