James Rubinton

Clarfeld Financial Advisors' investment advisory fee is based on a percentage of the market value of your investments, the scope of services, and the type of assets managed. The fee schedule is negotiable and generally ranges between 0.10% and 2.0%. This can be a percentage of the total assets managed, a tiered percentage, or a flat fee.

For investments allocated only to the Taxable and/or Tax-Exempt bond strategies, a separate fee schedule applies:

• First $10 million — 0.40% per year
• Next $10 million — 0.35% per year
• Next $15 million — 0.25% per year
• Next $15 million — 0.20% per year
• Over $50 million — 0.10% per year

If a portion of your portfolio is managed within the Large Cap Strategy, there is an additional fee of 0.20% per year. For the Liquidity Management Strategy, the fee is between 0.05% and 0.25% per year.