Investment Management Fees are payable quarterly in advance at a rate equal to one fourth of the annual percentage multiplied by the billable balance on the last day of the preceding calendar quarter. New account will have a pro-rated fee charged as funds arrive at the custodian. Accounts in the custody of Millennium Trust Company, a 403(b) plan, a mutual fund company or an annuity company are billed quarterly in advance at a rate equal to one fourth of the annual percentage (See Table 1) multiplied by the billable balance on the last day of the preceding quarter.

New accounts are billed on a pro-rata basis calculated on the time left until the end of the calendar quarter multiplied by the beginning balance. Terminating accounts may be refunded any unearned fee on a pro-rata basis calculated on the time left until the end of the quarter multiplied by the fee actually charged. Our fees for Investment Management Services are as follows: