What fees will I pay?
For services related to managing or advising on your investments, we generally charge you fees based on the amount of assets we manage or advise on your behalf. We charge those fees either each month or quarter, before or after services are rendered for the month or quarter. We will generally deduct our fees directly from your account. The more assets there are in your advisory account, the more you will pay in fees, and we may therefore have an incentive to encourage you to increase the assets we manage or advise on your behalf.
In addition to the fees we charge, other firms will also charge you fees and expenses in connection with the services we provide to you, which include brokerage commissions and other transaction costs; custodial fees; fees charged by independent managers (including any platform fees, manager fees, etc.); reporting charges; charges imposed directly by a mutual fund or ETF in a client’s account, as disclosed in the fund’s prospectus (e.g., fund management fees, distribution expenses, and other fund expenses); deferred sales charges; odd-lot differentials; transfer taxes; wire transfer and electronic fund fees; and other fees and taxes on brokerage accounts and securities transactions. You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time.
For financial planning advice, there is no additional fee when we are managing or advising on your investments.
Please make sure you understand what fees and costs you are paying. For more information about the fees and expenses you could pay in connection with our services, please review Item 5 of our disclosure brochure, which can be found at www.adviserinfo.sec.gov.
Conversation Starters: Here are some additional questions you can ask us about our fees:
- Help me understand how your fees and costs might affect my investments. If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me?
What are your legal obligations to me when acting as my investment adviser? How else does your firm make money, and what conflicts of interest do you have?
When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the investment advice we provide you. For instance, certain services or investments we recommend generate more income for us or our employees, which creates an incentive to recommend such services or investments to you. For example, the Firm’s principal, Dan Mason, is a licensed insurance agent who sells licensed insurance products for a commission, so he has an incentive to recommend insurance products to you to increase his compensation.
Conversation Starters: Here are some additional questions you can ask us about the conflicts of interest we face:
- How might your conflicts of interest affect me, and how will you address them?
For more information about the conflicts of interest we face when rendering services to you, please visit www.adviserinfo.sec.gov.
How do your financial professionals make money?
Dan Mason, who is the sole advisory professional, is compensated based on the revenues generated by the Firm.