Advisors participating in the Program pay a program fee to FAM. The Program Fee is negotiable and depends on the services selected by Advisor. The total Program Fee is no more than 100 basis points annually and is assessed against the Advisor’s client assets allocated to FAM. The Program Fee includes the following components: Investment management fee: 20 – 45 basis points annually, charged on all assets allocated to FAM’s investment management. Reporting and administrative fee: We pass through any fees FAM is charged related to platform reporting ( such as our use of Orion). Where FAM is providing consulting services or non -discretionary advice to an Advisor, it may charge a fixed fee, which is negotiable at the time of engagement and will be described in the Agreement.