Overview
Fee Schedule
The maximum annual fee charged for this service will not exceed 2.00%. Fees are outlined in the
separate, written advisory agreement between MWAM and the Wrap Client. Annualized fees are
billed on a pro-rata basis, quarterly, in advance, based on the account(s) values on the last day
of the previous quarter. Accordingly, fees will be deducted from client account(s) in January, April,
July, and October. New accounts are billed for partial quarters. Adjustments will be made for
deposits and withdrawals during the quarter. At its sole discretion, management reserves the right
to negotiate fees. In rare cases, our firm will agree to directly invoice a client’s account. As part of this
process, clients understand the following:
a) The client’s independent custodian sends statements at least quarterly showing the
market values for each security included in the assets and all account disbursements,
including the amount of the advisory fees paid to our firm; and
b) The fees are shown on the custodial statements. In addition, upon request, reporting of
management fees will be provided by MWAM directly to the client. The client is encouraged to
reconcile the custodial statement and information provided by MWAM for accuracy.
Either party may terminate the advisory agreement signed with our firm for Comprehensive Wrap
Portfolio Management
service in writing at any time. Upon notice of termination, our firm will
process a pro-rata refund of the unearned portion of the advisory fees charged in advance at the
beginning of the quarter.
Other Types of Fees & Expenses
The fees not included in our fee are charges imposed directly by a mutual fund, index fund, or exchange
traded fund, which are disclosed in the fund’s prospectus (i.e., fund management fees and other fund
expenses), mark-ups and mark-downs, spreads paid to market makers, wire transfer fees and other
fees and taxes on brokerage accounts and securities transactions. As such, you are responsible
for those fees and such fees will be reflected on your custodian provided account statements. Our firm
does not receive a portion of these fees.
Wrap Fee Program Recommendations
Our firm does not recommend or offer the wrap program services of other providers.
Our firm has the following types of wrap fee program clients:
• Individuals
• High Net Worth Individuals;
• Trusts, Estates or Charitable Organizations;
• Endowments and Foundations;
• Public and Private Pensions;
• Profit Sharing Plans;
• Corporations, Limited Liability Companies and/or other business entities.
Form ADV Part 2A, Appendix 1 – Wrap Fee Brochure Page 5 Manhattan West Asset Management, LLC