Fees and Compensation
Investment Management Fees
Pursuant to an investment management contract, the client will pay TrueNorth an annual
management fee, payable quarterly in arrears, based on the scope and complexity of the
relationship. Annual management fees are generally charged on a fixed fee basis up to $100,000
annually.
Investment management fees will be directly deducted from the client account on a quarterly basis
by the qualified custodian. The client will give written authorization permitting the Advisor to be
paid directly from their account held by the custodian. The custodian will send a statement at least
quarterly to the client and the Advisor will also send an invoice to the client outlining the fee
calculation and time period covered, and the amount withdrawn from the client account each time
the fee deduction invoice is sent to the qualified custodian.
TrueNorth will be compensated for its investment management services at the end of the quarter
after services are rendered. Either party may terminate the investment advisory agreement, at any
time, by providing advance written notice to the other party. The Client may also terminate the
investment advisory agreement within five (5) business days of signing the Advisor’s agreement
at no cost to the Client. After the five-day period, the Client will incur charges for bona fide
advisory services rendered to the point of termination and such fees will be due and payable by
the Client.
Financial Planning and Business Consulting Fees
TrueNorth offers financial planning and Business Consulting services either on an hourly basis or
through a retainer fee. Hourly fees are set at $249 per hour. Retainer fees range up to $5,000 per
year based on the scope and complexity of the relationship. Fees may be negotiable based on the
nature and complexity of the services to be provided and the overall relationship with the Advisor.
An estimate for total hours and/or total costs will be provided to the Client prior to engaging for
these services.
For hourly financial planning and business consulting services, fees are invoiced by the Advisor
and are due upon completion of the agreed upon deliverable[s].
For retainer fee financial planning and business consulting services, fees shall be billed quarterly
in arrears of the quarter in which services were provided.
Either party may terminate the financial planning and business consulting agreement, at any time,
by providing advance written notice to the other party. The Client may also terminate the financial
planning agreement within five (5) business days of signing the Advisor’s agreement at no cost to
the Client. After the five-day period, the Client will incur charges for bona fide advisory services
rendered to the point of termination and such fees will be due and payable by the Client. Upon
termination, the Client shall be billed for actual hours logged on the planning project times the
contractual hourly rate or in the case of a retainer fee engagement, the percentage of quarter that
had elapsed to the date of termination.
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For each of the Advisor’s services described above, the Client may terminate these services within
five business days of the effective date of an Agreement signed with the Advisor without any
payment of the Advisor’s fee.
At no time will TrueNorth accept or maintain custody of a client’s funds or securities except for
authorized fee deduction. Client is responsible for all custodial and securities execution fees
charged by the custodian and executing broker-dealer. The Advisor’s fee is separate and distinct
from the custodian and execution fees.
Performance-Based Fees and Side-by-Side Management
TrueNorth does not charge performance-based fees.