At a Glance
Fees
Investors today should be wary of how they pay for financial services. Too many investors believe they are paying for a service, when in fact they wind up paying commissions on a product. Understanding an advisor’s fee structure provides insight into that advisor’s motive, and commissions are most commonly associated with the sale of a product. So don’t be sold. Providing investment advice and managing a portfolio are services, and should be paid for based on results.
William Allan is a Fee Only advisor. Fees for investment advisory services are based on the total market value of Client’s assets under management (“AUM”) and are billed quarterly in arrears at one-fourth of the annual rate of 1.25%. The total market value used for fee computation is based on Client’s average monthly AUM during the quarter. Most William Allan clients pay their fees directly from the investment accounts managed for them (a direct debit), but you have the option of receiving an invoice.
If you terminate the investment adviser agreement during the quarter, Portfolio Management fees will be pro-rated over the time the portfolio was managed during the quarter. The valuation period upon termination will be from the latest valuation date through the termination date.
The minimum fee for Portfolio Management services is $200 per year.
Fees are negotiable.
