• Can you give examples of how the investment management percentage fee works?

    Fee tiers are applied marginally. For example,

    1. A household with $937,500 under management would pay $4,500 on the first $500,000 and 0.8% on the remaining $437,500 for a total of $4,500 + $3,500 = $8,000.
    2. A household with $2 million total in all their accounts under management would pay $4,500 on the first $500,000, 0.8% on the next $500,000, and 0.7% on the next $1 million for a total of $4,500 + $4,000 + $7,000 = $15,500.