Our management fee is payable quarterly and is calculated on the average of the daily balance during the quarter for each account. Fees are deducted automatically from the client's investment account. For Canadian clients, our fees (except for fees in registered accounts) are deductible from income under the Income Tax Act (Canada).
The fee schedule is 1.00% per annum up to $3 million of portfolio value, 0.75% per annum on the value in excess of $3 million, 0.50% per annum on the value in excess of $5 million. For portfolios in excess of $10 million the fee would be by negotiation.
We cannot accept portfolios (i) where the market value is less than $1,000,000 and (ii) where the investment objectives are incompatible with our conservative approach.