Broker Check

Fee Schedule

FEE SCHEDULE FOR FUNDS MANAGED BY

MICHAEL PHILLIPS BLACK WEALTH MANAGEMENT (Including the costs of outside managers through the Private Access Platform)

Equity Manager (Stocks OR Stocks and Bonds)
BreakpointsMPBWM FeeEquity Manager Fee
$25,000 to $249,9991.00%1.00%
$249,000 to $499,999.95%95%
$500,000 to $999,999.90%.90%
$1,000,000 to $2,499,99985%.85%
$2,500,000 and over80%80%

 

Fixed Income Manger (Bonds)

BreakpointsMPBWM FeeFixed Manager Fee
$25,000 to $499,999.30%.650%
$500,000 to $999,999.255%.625%
$1,000,000 to $2,999,999.205%.575%
$3,000,000 to $4,999,999.155%.525%
$5,000,000 and over.10%.450%

Individual circumstances may affect the above fees. For instance, if you are converting an existing commission based portfolio to the fee-based portfolio, a credit for commissions paid during the last 3 years will be applied against the above fee schedule.

Fees:

The above fees are “Wrap” fees, meaning MPBWM covers all transaction costs, such as ticket- charges for trades placed in your account. The management fee is all inclusive.