Prium Fees
How are Prium’s Fees Calculated?
Prium has adopted a “follow the competition” pricing strategy. Research revealed that 1% of assets under management is an average charge for fee only investment firms. Prium charges a quarterly fee based on the client assets under management with a minimum fee of $100 per year.
The fee is charged quarterly in arrears based on the market value of the client assets at the end of each calendar quarter. This ensures that clients are not charged until they are fully invested for the full calendar quarter. The fees are withdrawn from each client’s account on the 15th of the month at the start of a new calendar quarter.
Client A who has $100,000 assets under management at the end of Q2 will be charged ($100,000 X .01)/4 = $250 on 10/15/07.
Client B who has $500,000 assets under management at the end of Q2 will be charged ($250,000 X .01)/4 = $625 + ($250,000 X .009)/4 = $562.50 for a total of $1,187.50 on 10/15/07.
| Total Invested | Fee Percentage |
|---|---|
| 0-250K | 1.00% |
| 250K-1mil | 0.90% |
| 1mil-5mil | 0.70% |
| 5mil+ | 0.50% |
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