How We Charge
We charge based on assets under management. Every quarter, at the end of the last day of the quarter, we measure the balances of all the accounts in your portfolio. About three weeks later, we charge your portfolio one quarter of your annual fee for the services that we delivered during the quarter just ended. We report portfolio returns to you net of the fees we charge.
Investment management
annual fee schedule
| Assets Under Management | Annual Fee | |
| Up to $1,000,000 | 1.25% | |
| Next $2 million | 1.00% | |
| Next $2 million | 0.50% | |
| Each Additional $1,000,000 | 0.15% | |
The minimum annual management fee at North Berkeley is $6,250, so it makes sense to have $500,000 of assets under management at North Berkeley in order to receive the best value at what we believe to be a competitive rate.
Getting started only: Initial flat fee
When clients first come to North Berkeley, there is a period of time that includes financial planning work when assets are not being managed by North Berkeley. For this period and for this period only, North Berkeley charges a flat planning fee. This fee is charged only until $500,000 or the sum total of assets to be managed, whichever is lower, comes under management by North Berkeley, and is not ever charged in addition to the investment management fee described above. This fee is pro-rated for periods of less than a quarter or for partial quarters, and will always be explained in writing to the client when the client is coming on board:
| Assets being Analyzed | Flat Initial Fee | |
| Up to $500,000: | $1,500 | |
| $500,001 - $1,000,000 | $3,000 | |
| $1,000,001 - $2,000,000 | $4,000 | |
| $2,000,001 - $3,000,000 | $6,000 | |
| $3,000,001 - $4,000,000 | $8,000 | |
| $4,000,001 - $5,000,000 | $9,000 | |
| $5,000,000+ | will quote | |
Once a client's assets are under management, this quarterly financial planning fee is stopped and is not charged again.