Sure! Let’s say, for simplicity’s sake, that you have $100,000 in your account. Our annual fee is 0.75% for this size of account. We bill quarterly based on the quarterly value of your account. So let’s say you sign up with us on January 1st. On March 31st, we will record the value of your account which is now worth $104,000 for example.
Our billing would look like this:
- March 31st value: $104,000
- Provizr annual fee: 0.75%
- Quarterly fee billed: $195 ($104,000 X 0.75% / 4)