1.00% Per Year
of the Investment Assets
Managed by Alphamint
Just to Clarify: Assets under Management includes investable accounts only, and does not include real estate properties, or other assets that factor into your net worth.
The 1% Asset Based Fee is reduced on new assets that exceed the breakpoints listed below.
1.00% on the first $1,000,000 under management
0.90% on the next $500,000 under management
0.85% on amount above $1,500,000 under management
Calculating the Fee
The asset based fee is calculated on the amount of investment assets that Alphamint manages for you.
This fee is assessed (in the arrears) at the end of each quarter at 1/4 the fee percentage.
A $1,000,000 portfolio, assuming the balance was the same at the end of each quarter, would equate to a fee of:
$2,500 per quarter ($1,000,000 x .25%), which would in total amount to an annual fee of 1% or $10,000.
Fiduciaries + Fee Only
As a fiduciary, we must place our clients interests ahead of our own. We are not compensated for recommending Product A over Product B, we are paid solely by you. It's called Fee-Only and we prefer it that way as it helps to remove many conflicts of Interest.
Paying the Fee
The most common method is for the fee to be deducted directly from the investment account(s) manage by Alphamint, however you have other options as well.