Q: What are your fees? What are they based on? What size portfolio is necessary to use your services?
A: Our annual fee is scaled and based on assets under management (AUM) as follows:
· 1.0% Fee: $0 – $1,000,000
· 0.9% Fee: $1,000,000 – $3,000,000
· 0.8% Fee: $3,000,000 – $5,000,000
· 0.7% Fee: Over $5,000,000
Our fees are billed quarterly in arrears.
While we don’t have a prescribed minimum portfolio size requirement for our services, the majority of our clients from $0 to $250,000 use our Wela Strategies company which offers model portfolios with pre-set allocations based on age and risk tolerance.