Advisory Fee Schedule
Overview
ANNUAL ADVISORY FEES
FPLCM operates on a flat annual advisory fee structure designed to provide comprehensive wealth management without the complexity of traditional asset-based pricing.
The standard advisory fee is $15,000 per year per household, billed quarterly. For households with less than $5 million in managed assets, the annual advisory fee is reduced to $10,000 per year.
For households with more than $30 million in assets, FPLCM may assess an additional fee of 0.05% annually on assets exceeding $30 million, depending on the scope and complexity of the engagement.
Advisory fees are typically billed quarterly and debited directly from the client’s managed account. Clients who prefer an alternative payment method may arrange to pay their annual fee separately, including payment by check.
In addition to advisory fees, clients may incur custodial or transaction-related costs, including fees associated with the purchase or sale of securities. These fees are charged by the custodian and are separate from FPLCM’s advisory fees.
Households with $5 million or more in assets may have portfolios that incorporate individual stock models as part of the investment strategy.
For certain client engagements, FPLCM may utilize an asset-based fee of 0.70% (70 basis points) of assets under management. Under this structure, the fee is calculated at 0.70% annually until the calculated fee reaches $10,000, at which point the $10,000 flat annual fee applies.
For clients seeking expanded investment opportunities, we offer access to proprietary individual stock models and Separately Managed Account (SMA) strategies available through Schwab and Fidelity. The reduced $10,000 annual fee is not applicable for these strategies.
Please note that Level 3 service is no longer available to new clients as of July 1, 2025. Existing Level 3 clients may maintain up to two evergreen private fund holdings.
CONCIERGE SERVICES
From time to time, clients may request assistance with matters that fall outside the standard scope of portfolio management and financial planning. These concierge services may include requests such as:
• Establishing brokerage accounts for charitable organizations
• Facilitating donations of appreciated securities
• Reviewing outside private investments
• Coordinating specialized financial or administrative requests
Depending on the scope of the request, additional fees may apply. Any applicable fees will be discussed in advance.
COMMUNICATIONS (REVIEWS & CALLS)
FPLCM conducts semiannual portfolio reviews with clients. These meetings are scheduled based on the client’s anniversary date and occur twice each year.
Clients scheduled for reviews in an upcoming quarter will receive an email near the end of the prior quarter with a link to schedule their meeting.
For example: A client whose anniversary date is March 1 will typically schedule review meetings during Q1 and Q3.
Clients may also request additional calls or meetings at their convenience. Routine client service requests and portfolio matters are handled throughout the year as they arise.