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Portfolio Management Fee
Your management fee is calculated by multiplying your account balance by the corresponding annual percentage fee rate. The fee is paid quarterly and will be one-fourth of the annual percentage multiplied by the fair market value of the assets in your account(s) on the last business day of the previous calendar quarter.
Management fees may be negotiated within each tier on a client-to-client basis depending on the size, complexity, and nature of the portfolio(s) managed. Generally, fee breaks occur as assets in the portfolio(s) increase past the following account balance tiers:
Please note when comparing fees, NRW Asset Management, Inc. does not charge any loads, custodian or set up fees. Make sure you understand charges incurred by other investments such as mutual funds which may have high expense ratios, loads, 12b-1 fees and high turnover/transactions costs.
The above fees for our management services are exclusive of any charges imposed by Charles Schwab such as transaction commissions and any Exchange/SEC fees.
In addition, it is possible that we may use an occasional mutual fund if appropriate. Our management services are separate from any fees and expenses charged to shareholders of mutual funds by the investment company or by a fund of funds investment advisor managing mutual fund portfolios. These expenses generally include additional management fees and various fund expenses, such as: 12b-1 fees and contingent deferred sales charges. A complete explanation of these expenses charged by the mutual funds is contained in each mutual fund’s prospectus. While you are encouraged to carefully read the fund prospectus, we will discuss any such potential arrangement that may affect your fees prior to purchasing such securities.