Fee Schedule
Equity and Balanced Portfolios: 1% to first $1,000,000;
0.5% thereafter (ERISA accounts 1% to the first $2,000,000; 0.5% thereafter)
Mutual Fund portfolios: 0.5%
Municipal Bond portfolios: 0.4% to first $ 1,000,000;
0.25% thereafter
Fixed Income portfolios: 0.5% to first $500,000;
0.1% thereafter ( ERISA accounts 0.5% to first 1,000,000; 0.25 % to
next $500,000; 0.1 % thereafter.)
Managed Futures Programs: Negotiated
Hedge Fund Portfolios: Negotiated
Minimum Account Size: $250,000. Family accounts
can be amalgamated in this regard. All Brae Head managed accounts
are individually managed portfolios (not pooled). All are managed
on a fully discretionary basis. Fees are billed quarterly in advance.
Where a cash balance is specified in a portfolio at the request of
the client it will be maintained at a fee of 0.1%. Cash will include
money market funds unless otherwise specified. Other cash/money market
positions occurring as a result of portfolio management are subject
to the full portfolio fee schedule.
Family office services are negotiated on a fee-for-service
basis.
