Fees are billed based either on a percentage of assets under management, hourly charges and/or fixed fees.
Assets under Management
|$0 - $500,000||1.00%||$200-$5,000|
|$500,001 - $1,000,000||0.80%||$4,000-$8,000|
$200 minimum annual fee The annual Advisory Service fee is based on a percentage of the investable assets.
|$150 PER HOUR||LIMITED SCOPE|
|$150 PER HOUR||FOLLOW-UP IMPLEMENTATION|
|FINANCIAL PLANNING SERVICE||STARTING AT $500|
|INVESTMENT MANAGEMENT SERVICE||$1200|
Investment management fees are billed quarterly, in ADVANCE, meaning that we invoice you BEFORE the three-month billing period has BEGUN.
Payment in full is expected upon invoice presentation. Fees are usually deducted from a designated client account to facilitate billing. The client must consent in advance to direct debiting of their investment account.
Fees for financial plans are billed 50% in advance, with the balance due upon delivery of the financial plan.
Transaction fee - Custodians may charge transaction fees on purchases or sales of certain mutual funds and exchange-traded funds. These transaction charges are usually small and incidental to the purchase or sale of a security. The selection of the security is more important than the nominal fee that the custodian charges to buy or sell the security.
Expense Ratios - Mutual funds generally charge a management fee for their services as investment managers. The management fee is called an expense ratio. For example, an expense ratio of 0.50 means that the mutual fund company charges 0.50% for their services. Performance figures quoted by mutual fund companies in various publicationsare after their fees have been deducted.
These OTHER fees are in addition to the fees paid by you to VIRTUOUS FINANCIAL GROUP, LLC.