ASBCM's advisory fees are based on a percentage of assets under management, as detailed in the client's investment management agreement. Fees are invoiced monthly or quarterly in arrears. Clients invested in certain funds or with custody at CCTC may have fees deducted from their account or be invoiced directly. The fee schedule may be subject to negotiation. Smaller accounts may be subject to a minimum annual fee. ASBIM clients will also pay brokerage expenses. Real estate expenses are borne by the ASBREI Funds or the client.