Management Fee

You pay us an annual management fee of 1.25% as our sole source of compensation for managing your money. We are not a broker dealer, however, so we cannot hold your assets, execute trades or provide you with the account insurance and services of a broker dealer. For that we use the services of a broker dealer - in this case Fidelity - and each client pays commissions directly to Fidelity.

We have negotiated an arrangement with Fidelity on the strength of the multiple millions of our client assets that are held with them. They have agreed to waive all account charges and trade fee minimums and have reduced their commission rate to 4 cents per share. To contrast, you were likely paying on average 50 cents per share at UBS for individual stock trades. So for instance, buying 100 shares at Fidelity will cost you $4, whereas that same trade at UBS would likely run you $50.

Charter doesn't earn anything on the commission so we never trade unless we truly believe that it will add value to your portfolio. Our fee structure is such that our interests are aligned with yours and we stand in your shoes in terms on not wanting you to pay a penny more than absolutely necessary.

Does that answer your concern?
Susan
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