Investments: Fees
Managed Assets
Assets are held with our custodian, Charles Schwab, or "held away" and accessible via Pontera.
Prosperitas manages these assets and may have full discretion on these accounts.
The following annual fees are assessed quarterly.
The first $1,000,000 of assets = 1.00%
The next $1,500,000 of assets = 0.80%
The next $2,500,000 of assets = 0.70%
The next $5,000,000 of assets = 0.60%
The next $15,000,000 of assets = 0.50%
Assets over $25,000,000 = 0.40%
Unmanaged Assets
Assets may be held at any custodian.
Prosperitas includes these assets in account and performance reporting.
Prosperitas does not actively manage these assets and does not have discretion on these accounts.
The following annual fee is assessed quarterly.
All assets = 0.10%
General Information: Advisory fees (as shown above) are aggregated as per defined household of only managed accounts. Fees are assessed in advance, based on the average daily balance of the account. The initial fee is assessed and the amount is pro-rated based on the number of days until the quarter-end. Subsequent fees are assessed each quarter around the first day of January, April, July, and October. The minimum quarterly fee per household is $125.
Documentation: Clients will receive an Investment Management Agreement, Investment Advisory Fee Estimate, and Investment Policy Statement before a relationship is established, when changes are made, and also annually.
Pontera: This platform enables Prosperitas to manage assets in accounts that are "held away", such as client 401(k), 403(b), 457 plans, variable annuities, and 529 plans, without the client moving them from their current custodian. (See more details in our Form ADV.)
Fund Expenses: Underlying fund expenses apply to any mutual funds and exchange traded funds (ETFs) in client accounts. These are the standard expenses that all fund shareholders pay. Details of a fund’s expenses can be found in its prospectus. These expenses are not separately itemized or billed.
Redemption Fees: In order to protect the interests of long-term shareholders, some funds may impose redemption or other administrative fees if shares are not held for a minimum time period. Clients are responsible for any such fees.
Miscellaneous Fees: Advisory fees do not include charges resulting from custodian or platform fees, transfer taxes, exchange fees, regulatory fees, electronic fund and wire transfer fees, or any other charges imposed by law or otherwise agreed to with regard to client accounts. A Service Fee may be assessed on some transactions.