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Description of Advisory Services and Fees
PAA offers full time, customized management of assets for individuals, business organizations, retirement plans, trusts, and endowments.
PAA also provides investment supervisory services in which case Separate Account managers (SAMs) are employed by PAA on behalf of the client.
Management Fees
Fees for portfolio management are calculated as a percentage of account asset value.
They are as follows:
Equity Portfolio
From $0 to $500,000 1.50%
From $500,000 to $1,000,000 1.00%
Amount in excess of $1,000,000 .75%
Balanced Portfolio
From $0 to $500,000 1.50%
Amount in excess of $500,000 .75%
Fees are negotiable based on the client expectations of PAA and the work required for each client.
The range of negotiated fees is based on assets under management ranging from 2% down to zero.
PAA accepts some deposits from clients where no management fee is charged. These zero rate
accounts require no ongoing and continuous management by PAA.
Fee schedules are included in the written agreement between the client and the adviser. Each party may rescind the agreement upon 30 days written notice.
PAA also offers business consulting services for a negotiated fee as to general financial trends. Any of these written opinions are for the client's use only and not for general circulation.
Generally fees are paid quarterly at the end of the period. Should the written agreement provide for fees in advance, pro rata refunds will be paid at the conclusion of the 30 day notice period.
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