Effective July 1st, 2019 for new client households
Management fees are determined by individual household through the proposal process at the initial point of engagement with All Season Financial Advisors and are dependent on assets under management. Our management fees are as follows:
- $100k-$500k 1.5%
- $500k - $1M 1.4%
- $1M - $2M 1.3%
- $2M - $5M 1.2%
- $5M - $10M 1.0%
- $10M+ Negotiable
This is a linear fee schedule designed to provide an incentive for our clients to aggregate their investments with our firm. As household Assets Under Management exceed each new fee level, all assets under management will then receive the lower fee rate.
Our value proposition is greatest for households with more than $1M in assets under management. Our preferred households fall into the category of mass affluent with investable assets of $2M - $10M.
Fees are charged quarterly, in advance, (1/4 of annual rate) and are based on the household's assets under management at the beginning of each quarter. Fees may be paid directly by the client or may be liquidated from the account(s) per client authorization. Copies of invoices and calculations are included in the household's quarterly reporting statement. New accounts, additions or partial withdrawals, greater than $10,000, and refunds for client cancellations will be calculated on a pro–rata basis. Management fees are negotiable at the advisor's discretion; but we are confident you will find our rates competitive and attractive considering our value proposition.
OTHER POSSIBLE EXPENSES
Periodically, under rare and involuntary circumstances like those surrounding bear market declines, accounts may incur a redemption fee imposed by either the custodian or mutual funds directly. Redemption fees of 1-2% of principle, imposed on the sale of mutual funds within a certain time frame like 30, 60 or 90 days, are largely avoidable as we tend NOT to invest in mutual funds, especially those with such holding restrictions. However, it can happen. Redemption fees can also be imposed from custodians for holding periods less than 60 days for certain mutual funds (0.5% of principle). ETF trading is free for $1M+ clients and e-delivery clients. Again, we are very cost conscious and make every attempt to invest in securities that carry little or no transaction fees. We also track the internal expenses of our various strategies against an average account size. This report is updated twice annually and is available upon request.