Example 1 - Client has $1,700,000 under management, they would use the following calculation:

First $500,000 x 1.25% = $6,250

Next $1,200,000 x 0.75% = $9,000

Total = $15,250 annual fee

Actual Blended Rate = 0.89%

Example 2 - Client has $5,500,000 under management with VWM they would use the following calculation and arrive at our maximum fee:

First $500,000 x 1.25% = $6,250

Next $1,500,000 x 0.75% = $11,250

Next $3,500,000 x 0.40% = $14,000

Total = $31,500 annual fee - Our fee caps at $25,000.

Actual Blended Rate = 0.45%