Karpus Investment Management offers investment advice, primarily discretionary. They meet with clients to determine investment objectives and risk tolerance, then develop a tailored strategy. Karpus monitors portfolio performance and rebalances as needed. They also evaluate certain client assets held in discretionary accounts on a non-fee basis for overall asset and risk allocation purposes. Karpus also provides administrative support for accounts held with US Bank outside the advisory relationship.
Fee Structure
Karpus Investment Management's fees are based on a percentage of the assets they manage. They charge a minimum annual fee of $2,000, which can be reduced at their discretion. Fees can be negotiated based on account size, complexity, or other considerations. Clients can get a fee discount if they agree to a contract for a specified duration. Karpus also offers a Cash Investment Management Service and an Asset Management Service, each with its own fee schedule.
Cash Investment Management Service:
- 1% on the first $1,000,000
- 0.80% on the next $1,000,000
- 0.60% on the next $3,000,000
- 0.50% on the next $5,000,000
- 0.45% on the next $15,000,000
- 0.35% on the balance over $25,000,000
Asset Management Service:
- Fees vary based on whether the portfolio is fixed income, balanced, or equity management. See the fee schedule below.