The performance fee for balanced portfolios can also be waived. The performance fee is negotiable on portfolios of five million or larger. Clients who have more than one account can combine account values for purposes of applying the performance fee. If your combined accounts reach a higher threshold you are charged the lower fee. Companies and groups are also allowed to combine portfolio values to reach a higher threshold.
Clients can combine multiple accounts to reach the portfolio minimum.
Fred L. Dowd Co.