The specific manner in which fees are charged by Myrmidon Private Capital LLC is established in a client’s written agreement with Myrmidon Private Capital LLC. Myrmidon Private Capital LLC generally will bill its fees monthly on a pro-rata basis. Clients may also elect to be billed directly for fees or to authorize Myrmidon Private Capital LLC to directly debit fees from client accounts.
Assets Under management
Flat percentage fees range as follows for assets under management, depending on the value of assets managed by Myrmidon Private Capital LLC 1.40% annually for $0.00 - $500,000.00 1.15% annually for $500,000.01 - $1,000,000.00 0.95% annually for $1,000,000.01 - $2,000,000.00 0.85% annually for $2,000,000.01 - $4,000,000.00 0.70% annually for $4,000,000.01 - $6,000,000.00 0.45% annually for $6,000,000.01 - $10,000,000.00 Negotiable $10,000,000.01 -
Percentage fees are negotiable according to the complexity of the portfolio and could be higher or lower than the above fees. Services include selection of investments, monitoring and adjusting as needed. Clients are advised to hold cash balances intended for non-investment purposes in alternate accounts if they wish to avoid fees.
$250/hour for business clients for non-investment advice or consultation $250/hour for individual clients for investment advice or other financial planning consultation $250/hour for business clients for investment advice
Clients working with us under the hourly arrangement should be aware that we take no responsibility for implementing what we advise and do not monitor the investment portfolios or decisions on an ongoing basis. The advice we give may only be appropriate at the time we give it and we do not take responsibility for advising hourly clients if that advice changes with time. This is true whether or not we are sent duplicate statements. Billing for hourly charges usually occurs ½ paid upfront and the balance at the completion of the work. For smaller hourly projects, billing may be paid at the completion of work.
Fixed fees / other
Retainer agreements for which a fixed annual fee is stipulated are based on estimated hourly involvement. Billing is quarterly in arrears.
All fees are subject to negotiation.