Do clients pay Abacus directly? How does Abacus collect fees?
As a fee-only investment advisory firm, the only fees we are paid come directly from our clients. We do not accept any commissions, kick-backs, extravagant gifts or any other compensation from anyone other than our clients. Fees are deducted from your account on a quarterly basis. Your fees are paid in advance for the quarter based on the market value of your account on the last day of the prior quarter. Example; on 12/31/09, the balance in your account is $1,000,000. Your fees are calculated using that amount, and are deducted in January 2010 from your account to pay for our services from January 2010 to March 2010. If you decide to terminate our services prior to 3/31/10, any unearned fees will be refunded to you on a prorated basis.
