FEE SCHEDULE
All costs including trading, tax & performance reporting, registered account fees, and advisory are detailed below. The scale is a sliding schedule such that as total assets under CastleMoore administration cross each new category the overall management cost is reduced by the "new" blended rate. There's no extra fees or anything hidden. There are a couple nuisance charges which are flow through costs to us and they are listed at the bottom of the page.
For example an account size of $750,000 would allow for 2.00% on the first $500,000 and 1.60% on the next $250,000, for a total blended rate of 1.87%.
All accounts under management are combined into one for the purpose of fees, including registered accounts, and so that clients can take advantage of tax strategies fees may be assigned to a taxable account.
|
TOTAL ASSETS UNDER MANAGEMENT |
Fee (%) |
|
Under $500,000 |
2.00 |
|
$500,000 to under $1 million |
1.60 |
|
$1 million to under $2 million |
1.40 |
|
$2 million + |
1.00 |
Clients preferring to continue a particular relationship with a discount brokerage or investment dealer CastleMoore will provide managerial service at a rate of 1.25% of assets under management. Accordingly, investors are responsible for separate commission and account fees with the third party.
If any client chooses to have a particular manager provide portfolio advice and strategies there is a fee of 0.50% in addition to the scale above.
Additional costs for clients who custody their accounts with NBCN:
|
NSF Cheques |
.......... |
$25.00 |
|
Transfers Out |
.......... |
$75.00 |
|
Private Shares (one time) |
.......... |
$200.00 |
|
Certificate Issuance |
.......... |
$200.00 |
Please ensure that you check with your custodial broker, if not NBCN, for the costs of similar charges.
|
