What fees should I expect?

We charge you one, easy-to-understand fee. At the end of each quarter, we charge a percentage of your average portfolio value (the sum of the month-end portfolio values divided by three). Our fees are reduced as your portfolio grows. Even better, we use a cliff fee schedule, which means that when your portfolio qualifies for a lower rate, all your assets qualify for the lower rate.

Portfolio Value	Annual Fee
Up to $50,000	2.0%
$50,001 to $100,000	1.8%
$100,001 to $250,000	1.6%
$250,001 to $500,000	1.4%
$500,001 to $1,000,000	1.2%
$1,000,001 to $2,000,000	0.9%
$2,000,001 to $3,000,000	0.8%
Over $3,000,000	0.7%

For example, if your average portfolio value is $400,000, your annual fee percentage is 1.4% and your quarterly fee would be $400,000 x 1.4% / 4 = $1,400. We prorate the fee for deposits to and withdrawals from the account.