FEE SCHEDULE AND ACCOUNT MINIMUMS

Stock Portfolios Asset Allocation Portfolios High Dividend Portfolios Fixed Income Portfolios
Minimum Account: Minimum Account: Minimum Account: Minimum Account:
$100,000 $100,000 $100,000 $100,000
Fees: Fees: Fees: Fees:

1% per year

.80% per year

1.0% per year

0.4% per year

 


LOWER MANAGEMENT FEES THAN MANY FINANCIAL ADVISORS

All three of my stock portfolios will have significantly lower total management fees compared to a financial advisor who buys mutual funds exclusively for his clients. The mutual funds will have a management fee of 1% to 1.5% and the advisor will charge an additional fee of 1% or more. This results in a management fee of 2% to 2.5%. My stock portfolios range from 1% to 1.2% in management fees.

Hiring a money manager to buy mutual funds or exchange traded funds (ETFs) is less cost effective than hiring the money manager directly. This is why my management fees are lower for my Asset Allocation portfolio which uses ETFs and mutual funds.

 

NO HIDDEN FEES OR COSTS

The only fees and costs will be my management fee and the commissions charged by Scottrade for each trade which is where I recommend that my clients have their assets held. To protect my clients, I do not take custody of any client assets.