What are the fees?
Vision Investment Advisors’ compensation is based on a combination of a one time asset-based start-up fee and a quarterly asset-based management fee. Vision Advisors offers the option of a wrap fee program to new clients, other than those with Short Put accounts, who opened their accounts on or after May 8, 2003. The start-up fee is payable on the date of the deposit with the client’s broker pursuant to Vision Advisors investment advisory agreement. The management fee is payable at the end of each calendar quarter based on the total value of the account (including new unrealized appreciation or depreciation of investments and cash, cash equivalents and accrued interest) on the last trading day of the quarter. If the account starts in the middle of a quarter, the management fee is prorated for the number of days remaining in the quarter.
There are several out-of-pocket fees, components of our program that are not reimbursed by ANY insurance company. These will be explained to you in detail during your office visit. The main role of the financial counselor is to provide you with exactly what your out-of-pocket expense may be. Initially, there is a program fee of $1600. In addition to this is a $120 nutrition assessment. You will also be subject to physician co-pays on your visits, as per your insurance policy. Many of our patients will be required to take Optifast preoperatively as part of the presurgical requirement. This will also be explained to you in more detail at the time of your office visit. However, the financial counselor will work with you to identify your pay requirements, as well as common insurance requirements and limitations.
The fee for filing an initial prospectus is: $750, thereafter, a franchisor’s filing fee is $150 for an amendment/renewal of the prospectus, which must be submitted within 120 days of the franchisor’s fiscal year. Checks must be drawn on U.S. Banks, and must be payable to the New York State Department of Law. The fee for filing a Consent to Service of Process (UFRA-D) is: $35 to be filed with the NYS Department of State, Division of Corporation, Second Floor, 41 State Street, Albany, NY 11231.
