Carl Lee

TFS charges a fee based on the amount of assets they manage. The fees are negotiable and can depend on the types of investments, complexity of the portfolio, reporting frequency, and other services provided. Here's a breakdown of the fees for different programs:

• Vanguard/Ascensus: 1% of the account value
• Thoroughbred Program (discretionary or nondiscretionary): 1.75% on the first $1,000,000 of assets, 1.25% on amounts exceeding $1,000,000
• Bond-Timing: 1.75% on accounts up to $500,000, 1.50% on accounts between $500,000 and $1 million, 1.15% on accounts between $1 million and $5 million. Fees are negotiated for accounts over $5 million.
• Cambridge Account (discretionary or nondiscretionary): 1.75% on the first $1,000,000 of assets, 1.25% on amounts exceeding $1,000,000
• Identified Portfolio: Never more than 2.00% of the account
• Identified Manager: Never more than 2.00% of the account
• Envestnet: Never more than 2.50% of the account
• Identified Portfolio (account data not available in electronic format): 1.25% on the first $1,500,000 of assets, 1.00% on amounts exceeding $1,500,000