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How and when do I pay the investment management fee?
Fees are deducted on a quarterly basis from each account, based on the account value at the previous quarter’s close. For instance, an account worth $100,000 on March 31st would have 0.25% (1% divided by 4) of that amount ($250) deducted in April for the second quarter’s management fees.
Withdrawals/additions above $50,000 in aggregate will be prorated for the period and reduce/increase the following quarter’s fees accordingly. Invoices detailing the fee calculation are available quarterly, and can be provided to your tax preparer for possible tax deduction under “Miscellaneous Itemized Deductions.”