Fee Schedule for Separately Managed Portfolios

For Equity Portfolios

Market Value of Assets Managed
Annually on first $5 million asset basis   –    Annual Fee: .75%
Annually on next $20 million asset basis   –    Annual Fee: .50%
Annually on assets in excess of $25 million   –    Annual Fee: .40%

For Fixed Income Portfolios

Market Value of Assets Managed
Annually on asset basis   –    Annual Fee: .35%

Fees are negotiable for large portfolios. Please contact us for additional information.