Tocqueville Asset Management offers investment advice to individuals, mutual funds, private investment vehicles, and institutions. They manage accounts based on client-specific investment goals. Tocqueville offers two main services for individuals: separately managed accounts for high-net-worth individuals (minimum $5 million) and asset allocation/fund selection for those investing less. They may also discuss estate planning, retirement, and other financial matters, recommending outside professionals as needed.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $5.0M | 1.25% |
| $5.0M - $15.0M | 1.00% |
| $15.0M - $25.0M | 0.75% |
| $25M+ | 0.75% |
Fees are negotiable. Clients transferring from an advisor who joined or merged with Tocqueville may continue to be charged fees in accordance with their prior billing arrangements for up to two years. For accounts with assets valued at less than $3 million, it is the basic investment philosophy and general recommendation of Tocqueville that a substantial percentage of the assets in such accounts be invested in shares of the Fund managed by TAM. Tocqueville receives from the Fund an advisory fee, which is set forth in the Fund’s prospectus. The investment management agreement of Tocqueville with respect to client assets being invested in the Fund provides that an advisory fee (at the rates set forth above) will not be charged on that portion of the account invested in the Fund.