Jonathan Underkofler

Wedbush Securities offers investment management through several programs. The fees are based on a percentage of the assets managed and are billed quarterly in advance. The minimum account size is generally $25,000, but exceptions can be made. Fees are negotiable.

Typical fees for the DMI-IC, SDI-IC, MMA, SMA, and UMA accounts are:

• Up to $250,000: 3.00% per year
• $250,001 to $500,000: 2.80% per year
• $500,001 to $1,000,000: 2.50% per year
• $1,000,001 to $3,000,000: 1.90% per year
• $3,000,001 to $5,000,000: 1.60% per year
• $5,000,001 and above: Negotiable

There is a minimum quarterly fee of $62.50 ($250 annually) for DMI-IC accounts and $125 ($500 annually) for SDI-IC accounts. For MMA, SMA, and UMA accounts, there is a minimum quarterly fee of $250 ($1,000 annually).