PCM charges management fees for value equity and wealth advisory accounts based on the account value. Value Focus Strategy has two fee options: 1% per year or a base fee of 0.75% plus a 5% performance fee. Wealth advisory fees generally do not exceed 1.25% per year and may vary. PCM's minimum account size for separately managed Value Focus or Value Equity Strategy portfolios is $1 million. Wealth advisory accounts are evaluated on an account-specific basis.