Fees for Investment Services

The following tables serve as a guideline to help you estimate the fees for our investment services.

Core and Custom Management

  Core Management Custom Management
Portfolio Amount Annual Fee Annual Fee
First $500,000 0.60% 0.85%
Next $500,000 0.50% 0.75%
Next $1,000,000 0.35% 0.60%
Next $2,000,000 0.20% 0.40%
Next $4,000,000 0.20% 0.30%
Next $7,000,000 0.05% 0.20%
  Advisory fees are billed quarterly in arrears. The minimum fee is $200/quarter. Advisory fees are billed quarterly in arrears. The minimum fee is $350/quarter. Fees may be negotiable.

Blue Water does not take custody of any of your assets. We use TD Ameritrade as our independent custodian.

Accounts not held at TD Ameritrade, like 401(k) / 403(b) plans, are considered “held-away” accounts. We can include held-away accounts in Custom Management portfolios if desired. Advisory fees on held-away accounts are typically half of the regular annual fee since we do not have authority to trade or instruct the account in any manner (change contributions, purchases, reinvestment, etc.).

Other Fees

In addition to the Blue Water advisory fee (discussed above), there are two other investing fees to keep in mind:

Portfolio expenses:
There are no upfront or deferred sales charges. However, each fund charges an expense ratio. This is how the fund companies are paid. The expense ratios of the portfolios we construct typically range from 0.17% - 0.30% depending on the stock-to-bond ratio.
Custodian expenses:
Trades generally range from $7 to $15 depending on if they are stock/ETF or mutual fund trades. This is how the custodian is paid.

Note - These are fees you will incur regardless of who is managing your portfolio.

Small Business 401(k) Plans

Portfolio Amount Annual Fee
First $1,000,000 0.60%
Next $1,000,000 0.50%
Next $2,000,000 0.30%
Next $2,000,000 0.20%
Over $6,000,000 Negotiable
  Advisory fees are billed quarterly in arrears. No minimum.