Fee Comparison
We are so confident that you will be satisfied with our service that we guarantee it. If you are not absolutely pleased with the value we have provided, we will refund your fees.1
Commission-based investment advisors tend to charge little or no fees initially, but may charge commissions of as high as 50% or more for each subsequent investment. At Altruist, you won’t be paying exorbitant commissions either now or on an ongoing basis. By avoiding commissions, we believe that you will end up with better, more objective advice at a lower overall cost.
The cost of investment management can vary considerably, so it is important to compare. Here’s an example of what you can expect from Altruist and from a theoretical competitor for managing a portfolio of $6,000,000.2
ALTRUIST Portfolio Management Service prices (subject to change)
| Fee Schedule for ALTRUIST Portfolio Management Service | |
|---|---|
| First $10,000,000 | 0.235% per year (i.e., 0.05875% per quarter) |
| Next $10,000,000 | 0.11% per year (i.e., 0.0275% per quarter) |
| Next $30,000,000 | 0.055% per year (i.e., 0.01375% per quarter) |
| Next $50,000,000 | 0.03% per year (i.e., 0.0075% per quarter) |
| Subsequent amounts | 0.02% per year (i.e., 0.005% per quarter) |
There is a minimum annual fee of $30,000 per year (i.e., $7,500 per quarter) for the ALTRUIST Portfolio Management Service. Generally, Altruist will not accept accounts of less than $3,000,000, but exceptions may be made on a case-by-case basis.
1 Offer good for the six previous months of fees for the ALTRUIST Portfolio Management Service.
2 Assume portfolio grows by 7% per year.
3 Fee-only financial advisors generally charge a percentage of assets under management to manage a portfolio.
4 Annual investment advisory fee ranges.
5 As shown, a person seeking investment advice will typically pay either a mutual fund sales commission (a.k.a., “load”) or an annual investment advisory fee for portfolio management.
6 Front-end load ranges.
7 As shown, a person paying a mutual fund sales commission may also typically pay an annual 12b-1 fee.
8 12b-1 fee ranges.