Nurturing wealth so you can live a longer, better life in retirement
An important part of our commitment to transparency in all our actions is sharing our fee schedule with our clients. We offer a broad range of financial planning and asset management fees so that each client only pays for the level of service they need or desire.
Advisory Fee Schedule
Fees are incremental. The fee schedule breakpoints and rates may not be modified. Any modifications to the schedule will not be accepted by RJFS, except when noted in the Additional Instructions section below
|Fee-Based Relationship Value||Annualized Fee|
|Up to $1 million||2.25%|
|$1 million up to $2 million||2.00%|
|$2 million up to $5 million||1.75%|
|$5 million up to $10 million||1.50%|
|$10 million and up||1.25%|
*The minimum Account Value or Fee Investment is $25,000
Advisory fees are in addition to the internal expenses charged by mutual funds and other investment company securities. To the extent that clients intend to hold these securities, the internal expenses should be included when evaluating the costs of a fee-based account. Clients should periodically re-evaluate whether the use of an asset-based fee continues to be appropriate in servicing their needs. A list of additional considerations, as well as the fee schedule, is available in the firm's Form ADV Part II as well as the client agreement.
In an asset-based fee relationship, you pay an annual fee for the advice and services provided by your financial advisor as part of the advisory relationship. This fee is based on the level of assets in your account, independent of the level of trading activity. By deciding to pay a fee based on services provided rather than transactions, you should understand that the fee may be higher than the cost of a commission alternative during periods of lower trading activity. You should understand that the annual advisory fee charged in the Passport Investment Account program is in addition to the management fees and operating expenses charged by the open-end, closed-end and exchange traded funds. To the extent that you intend to hold fund shares for an extended period of time, these internal fund expenses should be added to the annual advisory fee when evaluating the costs of a Passport Account. In addition, certain mutual fund families impose short-term trading charges (typically 1 to 2% of the original amount invested) which are generally NOT waived for fee-based accounts. You should also consider whether it would be better for you to pay separately for each trade you execute and each product and service you use. Since these factors may change, you should periodically re-evaluate whether the ongoing use of a particular asset based fee program continues to be appropriate in servicing your needs. Please ask your financial advisor for a complete schedule of charges associated with the Passport Account, available in the Form ADV Part II or the Passport Client Agreement.