The firm is compensated for investment advisory services on a percentage of assets under management basis. Fixed fee services are no longer available to new clients. The annual fee is determined quarterly, in advance, based upon the market value of assets on the last day of the previous quarter. Clients will also incur transaction fees charged by their custodian. Educational seminars cost $49 per household. Financial Planning & Consulting clients may terminate their agreement at any time before the delivery of a financial plan by providing written notice. For purposes of calculating refunds, all work performed by us up to the point of termination shall be calculated at the hourly fee currently in effect.