Our Fee Structure
We will only take you on as a new client when we feel confident that the value of the services we provide will exceed the financial commitment you make to us.
Investment Advisory Services
Our Investment Advisory Service is designed for clients looking for professional portfolio management with at least $500,000 in manageable assets. However, this asset requirement is only a guideline, not a managed account minimum. Clients are accepted at trueNorth's discretion.
The annual fee is calculated on the market value of your Assets Under Managed (AUM) based on the following schedule:
|
Managed Assets (AUM) |
Annual Fee * |
|
From $0 to $1,000,000 |
0.8% of Portfolio Value |
|
Over $1,000,000 |
$8,000 + 0.5% of Portfolio Value over $1,000,000 |
For example, the annual fee for $1,500,000 in AUM will be $10,500 ($2,625 per quarter) or 0.70% of your AUM. Our fee is based on the AUM balance at the start of the quarter; initial fees for partial quarters are prorated. Investment Advisory Service fees are billed quarterly in advance and are non-negotiable.
*Financial Planning
Hourly financial planning is available if you have engaged trueNorth for Investment Advisory Services.
Hourly Fees: Limited scope planning engagements are billed on an hourly basis. Hourly financial planning fees are determined on a per engagement basis and are based on our standard hourly rates in effect at the time the Investment Advisory Agreement is signed. Our current hourly rates are $200 for a principal and $100 for planning support.
Wealth Advisory Services
Wealth Advisory Services are for clients looking for both comprehensive financial planning and professional portfolio management and is designed for clients with at least $1,000,000 in manageable assets. However, this asset requirement is only a guideline, not a managed account minimum. Clients are accepted at trueNorth's discretion.
The annual fee is calculated on the market value of your Assets Under Managed (AUM) based on the following schedule:
|
Managed Assets (AUM) |
Annual Fee* |
|
From $ 0 to $1,000,000 |
1.0% of Portfolio Value |
|
Over $1,000,000 |
$10,000 + 0.5% of Portfolio Value over $1,000,000 |
* $8,000 Annual Fee Minimum
For example, the annual fee for $1,500,000 in AUM will be $12,500 ($3,125 per quarter) or 0.83% of your AUM. Our fee is based on the AUM balance at the start of the quarter; initial fees for partial quarters are prorated. Wealth Advisory Service fees are billed quarterly in advance and are non-negotiable.
