Accounts managed by Provizr are assessed an annualized fee (“Advisory Fee”) for services rendered. The Advisory Fee is based on the value of assets in each account and is payable quarterly. Advisory Fees are calculated as of the account value on the last day of each billing quarter (March 31st, June 30th, September 30th, December 31st) and assessed in the following month. Initial quarterly Advisory Fees will be prorated. Assessed fees are paid directly from the account. No additional deposits or direct payments will be required from the client.
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 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 annualized fee: 0.75%
Quarterly fee billed: $195 ($104,000 X 0.75% / 4)
- Standard Savings Plan (utilizing employer plan assets only): Free to those with a Managed Account
- Detailed Retirement Savings Plan (utilizing employer plan and outside assets): $350
- Standard Retirement Income Plan (utilizing employer plan assets only): Free to those with a Managed Account
- Detailed Retirement Income Plan (utilizing employer plan and outside assets): $350