Over long periods of time, the level of expenses associated with investment management can have a significant impact on wealth creation. As such, a highly competitive fee structure driven by lean but efficient operations is a cornerstone of LIMC's business model.
Fees for LIMC investment services are based on the market value of assets under management, payable quarterly in advance. For clients with multiple accounts, all funds are aggregated for fee calculation purposes. The implied annual fee is based on the following:
- $5,000 annual minimum
- 1% of the first $500,000 under management
- .75% of funds between $500,000 and $1 million
- .50% of funds over $1 million
Either LIMC or its client may terminate the advisory relationship by providing written notice, which shall be effective upon receipt. Fees will be prorated to the date of termination and an appropriate refund made. LIMC’s management fee is exclusive of any commissions, fees or expenses explicitly or implicitly charged by the custodian of the client’s account or by any investment product owned in the account (e.g. mutual- and exchange-traded funds). LIMC’s approach to investment management does focus on minimizing any such costs, however.