MWM charges an annual fee based on the market value of assets managed, ranging from 0.50% to 1.10% for discretionary accounts. Non-discretionary accounts are charged 0.50% on the balance. There is a minimum relationship size of $300,000 and an annual administrative minimum fee of $3,000 for both discretionary and non-discretionary relationships. Fees are billed quarterly in arrears. Pre-existing advisory clients are subject to advisory fees in effect at the time the client entered into the advisory relationship.