Wealth Under Management definition
Wealth Under Management is defined to include: all investments and securities (including both taxable and tax-deferred), trusts, stock options, retirement plans, IRA’s, custodial accounts, investment real estate, limited partnerships, LLCs, and variable insurance products. “Wealth under management” does not include: Client’s personal use assets (such as residences and vehicles), collectibles (such as artwork and coins), defined benefit retirement plans, social security benefits, certain real estate, and closely held business interests. Client’s fee will be determined by combining the fair market value (measured on the last business day of the prior calendar quarter) of all of Client’s wealth under management. As Client's assets actually get transferred over to our control, or whenever Client makes a deposit in excess of $100,000, partial time periods will be billed proportionally. Clients who choose to have multiple investment strategies (including multiple portfolio designs, multiple implementations and multiple reviews, rebalancings, reports, revisions, and reallocations) will pay multiple quarterly fees, and will not have their assets under management combined to determine their fees. Client agrees to authorize custodian(s) of Client’s money, to withdraw fees from Client’s account(s) and then electronically transfer these fees to Advisor, unless otherwise agreed.