Overview
Assets under Management
We utilize a limited power of attorney to perform investment management services on behalf of our clients. We may
provide on-going advice and guidance to clients on either a discretionary or non-discretionary basis. This includes
assets in qualified retirement plans that are self-directed by participants, as well as private equity investments held by
select clients. As of December 31, 2023, the allocation between discretionary and non-discretionary AUM was as
follows:
Discretionary $4,894,301,627
Non-discretionary $41,296,414
Fee Description
As a fee-only firm, fees directly from clients are the sole source of Truepoint’s compensation. The fee is calculated as a
percentage of assets according to the schedule below:
Asset totals below the suggested minimum of $3,000,000 are subject to a minimum quarterly fee of $7,500 which may
result in an annual rate in excess of 1.00%.
Truepoint, in its sole discretion, may reduce its minimum fee and/or charge a reduced advisory fee based upon
specific circumstances. The agreement for services may be terminated at any time upon written notice of either
Truepoint or the client.
Fee Invoice
For all types of ongoing advisory services, the client will be charged at the end of each calendar quarter for advisory
services rendered. The fee is calculated on a percentage basis by multiplying one-fourth of the applicable annual rate
against the asset value under management on the last day of the quarter. Truepoint will deduct the quarterly fee from
the client’s investment portfolio, however, clients may elect to remit payment via check. In either instance, the client
has access to an invoice
with the fee calculation.
Other Portfolio Expenses
Transaction Costs
Truepoint recommends a qualified third-party custodian to hold assets for clients. Clients are charged for all for
custodial expenses (brokerage commissions or transaction fees) incurred on their behalf. These fees are levied by
the custodian and charged directly to the client’s account. Truepoint does not receive any income from custodial
fees. Fees charged for buying and selling mutual funds and exchange-traded funds (ETF) generally range between
no cost and $25 per trade, but may be higher.
Expense Ratios
All mutual funds and ETFs include a management fee paid to the investment manager of the fund. These fees and
expenses are described in each fund’s prospectus and generally include a management fee, other fund expenses
and a possible distribution fee. Truepoint exclusively recommends low-cost, no-load funds. The current average-
weighted expense ratio for a typical Truepoint portfolio approximates 0.15%.
Additional Administrative Services
Estate Administration – services may include, but not limited to, consultation regarding the distribution of assets and
probate court process, review of income or estate tax returns, and participation in meetings with attorneys and/or
beneficiaries. A one-time fee of $2,500 shall be charged to cover these services. For more complex cases, additional
fees may apply. In these cases, a separate Agreement will be executed that details the fee.
Portfolio Value Annual Advisory Fee Quarterly Advisory Fee
First $3,000,000 1.00% 0.25%
Next $2,000,000 0.75% 0.1875%
Next $5,000,000 0.60% 0.15%
Above $10,000,000 0.45% 0.1125%