Minimums
Direct clients: We’ve found we’re best able to serve clients with an account balance of $50,000 or more. Below that level, sudden personal expenses can force liquidation decisions that fall outside our area of expertise — we’re investment managers, not financial planners, and we want to make sure you’re in a position where the money you invest with us can stay invested. If you’re close to that threshold, talk through your situation during a consultation.
Through a financial adviser: Sub-advisory accounts are custodied at Schwab, which has a practical minimum of approximately $25,000. Beyond that, per-account minimums are up to the adviser.
Our Fee
Direct clients: 1% annually on assets under management, deducted quarterly from your account based on prior quarter-end value.
Through a financial adviser: 0.5% annually, applied to the portion of your adviser’s client accounts managed under our strategies.
Our advisory fee is our primary source of revenue. We don’t earn commissions or referral fees.
Third-Party Costs
The vast majority of our trading incurs no transaction fees. In some cases we trade securities — certain mutual funds, for example — that carry a small transaction cost. These pass through to your account; we don’t receive them.
Custodians (Altruist, Schwab) may also charge fees for certain account actions like outgoing transfers. We do not receive any portion of custodian fees. Their policies vary and change over time.
Questions about fit? Book a call →
For a complete description of our fee arrangements, see our Form ADV Part 2A. Ethical Capital LLC (CRD #316032), a state-registered investment adviser in Utah. Registration does not imply a certain level of skill or training.