Rufus Hayes Asset Management (RHAM) offers investment advice and portfolio management to high-net-worth individuals. RHAM focuses on helping clients preserve and protect their wealth through customized solutions. RHAM manages investments on a discretionary basis, selecting securities and determining amounts without needing client consent for each trade. RHAM requires clients to use Charles Schwab as their custodian.
Fee Structure
Rufus Hayes Asset Management charges a percentage of the value of your portfolio annually. The exact fee is negotiable but will not exceed 2.50% or be less than 1.00% per year. Fees are charged quarterly, in advance, based on the ending balance of the previous quarter. The minimum account size to open an account is $500,000, but this may be negotiable.