Our Fees:

Management: For portfolio management, we charge a flat initial amount (minimum $1,800) to review and design your portfolio, and then charge flat monthly fees for the next 12 months (fee levels are based on the time we expect to spend on your portfolio, not the size of our account).

The minimum monthly fee is $600, for uncomplicated accounts with a limited number of positions, and without unusual design, research, monitoring, reporting or other handling requirements. Most accounts have higher fees. In any event, our flat fees are typically highly cost competitive with those of advisors who base their fees on a percentage of assets.

Coaching: For investment coaching, we charge by the hour, subject to a 12 hour minimum retainer at the current rate of $255 per hour ($3,060 retainer).

Alignment of Interests: We do not sell any products, and are not affiliated with any product sponsor or dealer. We do not receive any compensation of any kind from any source other than our fees as described above. Fees are paid directly by you -- we do not take fees from your account -- you send us our fee by separate check.

Advice and Consent: We do not accept fully discretionary accounts, and instead work collaboratively with you in the design of a suitable investment plan, in selection of appropriate securities to implement that plan, in setting the sensitivity of stop loss protection, and in changes or modifications to the plan, securities or risk control measure.

Fee Determination: The amount of the flat monthly fee for management is dependent on the nature and scope of the work you request. We design and manage unique portfolios for each client and do not put you into generic model portfolios. We would make more money if we did that, but that would not be in your best interests.

The greater the complexity of your investments and the management of them (number of institutions holding assets, number of accounts, number of positions, frequency of reporting, scope of reporting, visitation and travel requirements, extent of market and security discussion, etc.) are factors that go into our fixed flat monthly fee determination.

Renewal Fees: Our monthly fee is re-examined each year, or upon material change in the nature or scope of work required.

Billing: Management fees are paid monthly in advance. We do not invoice. You self-administer payment of the same amount each month.

Termination: The management relationship may be terminated at any time without further obligation for additional payments, however, all amounts previously paid are earned and non-refundable as received.