Russell Robertson

J. Murphy Asset and Tax Management offers investment management through a wrap fee program (details in Appendix 1) or by recommending third-party managers. If using Integrated Capital Management (ICM), the combined annual fee for J. Murphy and ICM is based on a percentage of your portfolio, and it varies depending on whether your account is primarily invested in stocks or fixed income.

For equity accounts (30% or more in equities):

• $50,000 to $249,999: 1.50% per year
• $250,000 to $499,999: 1.50% per year
• $500,000 to $999,999: 1.25% per year
• $1,000,000 to $2,999,999: Negotiable
• $3,000,000 and over: Negotiable

For fixed income accounts (70% or more in fixed income):

• $50,000 to $249,000: 1.20% per year
• $250,000 to $499,999: 1.20% per year
• $500,000 to $999,999: 1.10% per year
• $1,000,000 to $2,999,999: Negotiable
• $3,000,000 and over: Negotiable

Fees are billed quarterly in advance. The annual fee may be negotiable based on various factors. Accounts within the same household may be combined for a reduced fee.