Investment Management & Financial Planning
Bernstein Financial Advisory offers discretionary direct asset management services to advisory clients. We charge an annual investment advisory fee based on the total assets under management as follows:
|Assets Under Management||Annual Fee||Quarterly Fee|
|Up to $500,000||1.50%||.375%|
|$500,001 to $1,000,000||1.25%||.313%|
|$1,000,001 to $10,000,000||1.00%||250%|
Assets Under Management: Up to $500,000 for 1.50% Annual Fee/ .375% Quarterly Fee
Assets Under Management: $500,001 to $1,000,000 for 1.25% Annual Fee/ .313% Quarterly Fee
Assets Under Management: $1,000,001 to $10,000,000 for 1.00% Annual Fee/ .250% Quarterly Fee
Assets Under Management: Over $10,000,000 for .75% Annual Fee/ .188% Quarterly Fee
This is a tiered or breakpoint fee schedule, the entire portfolio is charged the same asset management fee. For example, a Client with $750,000 under management would pay $9,375 on an annual basis. $750,000 x 1.25% = $9,375.
Financial Planning Only
Bernstein Financial charges an hourly fee of $250 for financial planning. Prior to the planning process the client will be provided an estimated plan fee. Fees are billed 50% in advance with the balance due upon plan delivery.