Our compensation for services is calculated and paid according to a schedule of fees agreed upon between M&C and the Client. Generally, an account’s schedule of fees is based upon a percentage of assets under management. We generally invoice fees for payment quarterly in advance (for the upcoming quarter), although Clients have the option to request to pay fees quarterly in arrears (for the past quarter). Although we generally require a minimum annual fee and adhere to a schedule of fees, we may, in our sole discretion, agree to a fee different from the annual minimum or standard schedule of fees.