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SCHEDULE OF FEES
At Mallard Advisors, Wealth Management, we offer three levels of Investment Advisory service to our clients: Gold, Platinum and RetirementGPS. Cost is usually not the deciding factor when choosing a level of service. The programs are differentiated by the needs they serve and the complexity of the portfolio.
Gold and Platinum both offer:
∙ High quality management of your investment accounts
∙ Tax- and cost-efficient investing
∙ Asset allocation to match return/risk goals
∙ Quarterly reporting, and quarterly newsletters including a Market
Review and Outlook
∙ Creation of an Investment Policy Statement customized to your
needs
∙ Access to any of the services we provide
Platinum Service
∙ Expert advice regarding individual stocks and bonds, options,
preferred stock, et al.
∙ In-depth reports each quarter, with as-needed face-to-face meetings
∙ Incorporation of accounts at multiple custodians
∙ Ad hoc specialized reviews, and work with clients’ other advisors
(attorneys, accountants, etc)
∙ Well-suited for a portfolio over $500,000
Gold Service
∙ 25% reduction in most Platinum fee rates
∙ More streamlined, quarterly reports
∙ Typically up to two face-to-face meetings per year
∙ Well-suited for a portfolio of $200,000 to $500,000
RetirementGPS
∙ High quality management of your investment account
∙ Annual reporting on portfolio performance
∙ Ability to consolidate retirement plans (including lump sum payouts)
∙ Low cost, low minimum balance, superior investment choices
∙ Well-suited for retirement accounts of $50,000 to $150,000
Platinum and Gold fees are calculated as a percentage of Assets Under Management (AUM). The fee is calculated at the end of the quarter, based on the AUM at the end of the quarter. Fees for Platinum accounts are reduced by 10% when the account is comprised exclusively of mutual funds and variable annuities. The minimum quarterly fee for a Platinum account is $750, and $250 for a Gold account.
Platinum Gold
First $ 500,000 1.00% 0.75%
Next $1,000,000 0.80% 0.60%
Next $3,500,000 0.60% 0.45%
Next $5,000,000 0.40% 0.40%
Next $990 million 0.25% 0.25%
Amount > $1 billion 0.05% 0.05%
Consider the following example: You have contracted with us to manage your investments at the Platinum level. At the end of the first full quarter of management (three months), the portfolio has reached $900,000 in value. Based on the fee schedule above, we would charge $2,050.
1.00% x $500,000 = $5,000
0.80% x $400,000 = $3,200
$900,000 = $8,200
$8,200 / 4 quarters = $2,050 / qtr
Since this is a Platinum account, if the assets are exclusively mutual funds and annuities, we would take an additional 10% discount off the fee to make the quarter’s charge $1,845.
RetirementGPS fees are calculated based upon the Average Daily Blance during the quarter. Mallard Advisors’ annual fee is 0.50%. The custodian’s annual fee is:
First $250,000 0.25%
Next $250,000 0.20%
Next $250,000 0.175%
Amount > $750,000 0.15%
Mallard Advisors has a minimum annual fee of $125 per client, and the custodian’s minimum annual fee is $125 per account.
This schedule of fees is subject to change, with advanced notice.
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