Berman McAleer (BMc) offers financial planning and investment management services. The firm starts with a financial planning process to understand each client's needs and goals, covering retirement, education, insurance, and investments. Once a plan is agreed upon, BMc manages the client's investment assets through a separate brokerage/custodial account. BMc manages assets on a discretionary basis, making changes without prior permission. Clients can place reasonable restrictions on their accounts and make deposits or withdrawals at any time.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $2.5M | 1.00% |
| $2.5M - $7.5M | 0.75% |
| $7.5M - $15.0M | 0.50% |
| $15.0M - $25.0M | 0.30% |
| $25M+ | 0.20% |
A supplemental fee of 0.40% will be added for clients onboarded after January 1, 2025 with total assets under management less than our $1,500,000 minimum. This can be waived in the sole discretion of BMc. 529 plans and Fidelity Charitable asset accounts are charged 0.50% annually for an asset management fee regardless of the size of the account(s) or other portfolio assets. BMc also has an alternative tiered fee schedule with a starting point of 1.22% that was applied to legacy clients.