Download a PDF of Saturna's Investment Counsel Brochure for more details.
Form ADV Part 2 — Firm Brochure
Form ADV Part 2A — Appendix 1: Wrap Fee Program
Investment Management Accounts
All Investment Management Account clients complete the Saturna Capital Investment Management Agreement, which details the terms of our relationship.
The annual advisory fee for private Investment Management Accounts is $2,500 plus 0.5% of the first $5 million and 0.4% on amounts over $5 million; with a minimum quarterly fee of $1,250 (minimum $5,000 annually). Accounts with less than $1 million are limited to holding only equities and mutual funds. We believe this fee structure is most competitive, and is not negotiable. Extra fees or other arrangements may be mutually agreed depending upon the complexity of the services rendered. The following table illustrates the effective rate for accounts of varying value.
| Account Value | Annual Rate |
| $500,000 | 1.00% |
| $1,000,000 | 0.75% |
| $2,500,000 | 0.60% |
| $10,000,000 | 0.475% |
Clients have the option to use any broker of their choosing. There are no brokerage commissions when securities are traded through Saturna Brokerage Services, Inc. ("SBS"). When clients select SBS as their broker, the single asset-based advisory fee includes investment management, trading, and custody ("wrap fee").
The investment management fee is reduced for (1) multiple accounts, and (2) exclusion of those assets on which Saturna is paid a fee; for example, by a fund, distributor, or broker. The Advisory Agreement authorizes Saturna to deduct advisory fees directly from your account.
Fees are computed and deducted from accounts in arrears after the end of each quarter, based on account value at the end of the quarter. There is no fee for the initial (partial) quarter. Either party may cancel contracts at any time without penalty. Saturna Capital may change fees only after 60 days written notice.
Portfolio managers do not receive compensation related to the management of wrap fee accounts.
To avoid any "double-dipping" and to minimize potential conflicts of interest, Saturna excludes client assets invested in mutual funds that Saturna manages or for which Saturna receives a distribution fee or other payment from the amount on which advisory fees are computed. This can substantially reduce the net fee an advisory client pays.
Saturna does not provide compensation for Investment Management Account referrals nor does it receive cash or other economic benefit from a non-client in connection with giving advice to clients. Investment Management Accounts may involve certain conflicts of interest, described further in Saturna's Form ADV Part II, available upon request or on our Document & Forms page.
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