Noyes Capital Management

 

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Investment Management Fees

Noyes Capital Management, LLC (“Noyes Capital”) provides investment management or investment advisor services on a fee-only basis. This fee is charged quarterly based upon a percentage of the market value of the assets being managed. For billing purposes, a client’s portfolio value is computed based upon a family’s total assets being managed by Noyes Capital at the end of the prior quarter. Fees are prorated and charged quarterly in advance. Effective March 31, 2017:

Discretionary Equity & Balanced Portfolios:

PORTFOLIO VALUE
Quarterly Fee
Effective Annual Fee
up to $499,999
0.25%
1.00%
$500,000-$4,999,999
0.20%
0.80%
$5,000,000-$9,999,999
0.15%
0.60%
greater than $9,999,999
negotiable
 

Fixed Income Accounts & Passive Accounts [401(K), Annuities]:

PORTFOLIO VALUE
Quarterly Fee
Effective Annual Fee
up to $499,999
0.15%
0.60%
$500,000-$1,999,999
  0.125%
0.50%
$2,000,000-$4,999,999
0.10%
0.40%
$5,000,000-$9,999,999
0.08%
0.32%
greater than $9,999,999
negotiable

Custodian and Mutual Fund Fees

Noyes Capital’s management fee is exclusive of, and in addition to, brokerage commissions, transaction fees and other related costs and expenses from the custodian or mutual funds. These costs are incurred by the client. However, Noyes Capital shall not receive any portion of these custodian or mutual fund commissions, fees and costs for its compensation. Noyes Capital does receive research and technology products from Fidelity Investments and various mutual funds on a non-fee basis which may be construed as a conflict of interest. 

Billing

Fees are billed on a quarterly basis, in advance. The fees are calculated based upon the total market value of your assets as reported on your quarter-ending custodian statement (Fidelity Investments). Noyes Capital deducts the investment management fee directly from your accounts. Management fees for your annuities and 401K’s are typically billed to your taxable account. From time to time we make exceptions to this rule at management’s discretion.

Minimum Asset Requirement

Noyes Capital seeks families that have a minimum of $500,000 in investable assets. However, we will work with families with a slightly lower or higher asset range if there is a good fit. We have a responsibility to our existing clients not to dilute our efforts.

Other

The Registrant, in its sole discretion, may negotiate to waive its stated account minimum or charge a lesser management fee based upon certain criteria (i.e., anticipated future earning capacity, anticipated future additional assets, dollar amount of assets to be managed, related accounts, account composition, pre-existing client, account retention, pro bono activities, etc.). The Registrant, in its sole discretion, may also charge a lesser management fee to the firm’s employees and their families.