Our Services & Fees
ALTRUIST Portfolio Management Service
The ALTRUIST Portfolio Management Service provides clients with ongoing management of their investment portfolios. We generally provide this service in a non-discretionary fashion: any time we feel a change needs to be made in a client's portfolio (which typically is only every two or three months), we put our recommendation in writing, along with detailed rationale. Clients are then able to either approve, reject, or modify our recommendation before it is implemented. This precludes the possibility of unfortunate "surprises" after the fact. Clients are rarely surprised because they are well apprised of the likely (and less likely) effects of everything we do before we do it.
In addition to investments available to all retail investors (e.g., those of Vanguard), Altruist clients are able to invest in the sophisticated institutional mutual funds of Dimensional Fund Advisors (DFA). These funds are designed primarily for institutional investors and may be the best funds available in several asset classes.
For the ALTRUIST Portfolio Management Service, Altruist receives an annual fee based on percentage of assets under management as per the fee schedule below, paid quarterly in arrears, computed based on the value of the portfolio at the end of the quarter.
| 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.
In addition to the above fees which Altruist receives, clients will be responsible for mutual fund expenses and custodial fees.
For more information on the ALTRUIST Portfolio Management Service, click here.
For more information on why hiring an investment advisor might be beneficial, click here.