For investment management, clients are generally charged 1% per year on assets up to $1 million. Accounts holding $1 million or more are assessed a lower, negotiated fee. Fees are calculated quarterly based on the net asset value of the account. Fees for non-discretionary accounts are also negotiated. Because the fee structure is negotiable, clients with the same amount of assets may pay different fees. A minimum $50 fee/quarter is required of each account or household except for employees or employee family members.