Calamos Advisors LLC charges fees based on a percentage of assets under management for separate accounts. The minimum account size generally ranges from $1 million to $25 million depending on the strategy selected. The minimum account size for wrap-fee and UMA programs is typically $75,000 to $100,000, depending on the strategy and plan Sponsor minimums. Fees are typically calculated and invoiced at the end of each calendar quarter and are normally payable quarterly in advance. Fees may also be payable in arrears. The firm retains the discretion to negotiate or waive fees on a client-by-client basis. Discounts are offered to the firm’s employees, their family members, and friends.