Investment Management and Advisory Services
Clients who contract for investment management or advisory services generally are charged annual fees based on assets under management according to the following schedule:
Assets Under Management
First $1 Million
Over $1 Million
WMA generally bills fee quarterly (i.e. ¼ of the annual fee), with the fee based on the net asset value of active assets in the portfolio as of the last business day of the billing quarter. Clients may elect to have management fees deducted from their custodial assets, or may elect to be billed directly.
Below is a chart comparing WMA’s published fee to an average of fees charged by similar firms:
Either party may terminate the relationship by written notice to the other. In the event of termination, fees for the quarter will be prorated.
The fees charged by WMA are in addition to any fund management fees and expenses charged by investment companies where client funds are invested, or any transaction fees or commissions incurred in the buying or selling of the assets in the client’s portfolio.
Though no advisory firm or compensation structure can ever be entirely free from conflicts of interest, at WMA we are committed to avoiding conflicts and we will disclose conflicts of interest prior to entering into a contract with a client.
Financial Planning Services
Financial planning services are billed at an hourly rate of up to $150 per hour, payable when the work is completed.