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Servant Financial's asset-based management fees are based on a
percentage of your assets under management at the beginning of the
calendar quarter. Compensation for our services, which includes
developing and implementing an individualized investment policy and
objectives, asset allocation and portfolio construction, portfolio
monitoring and rebalancing, and reporting to you on a quarterly
basis, is as follows:
The advisory fees noted are separate and distinct from fees and
expenses charged by exchange traded funds (ETFs) and mutual funds
which may be recommended to clients. Servant Financial's core
investment strategy, as more fully described in Investment Process,
will generally be focused on the use of ETFs.
As a frame of reference, according to Morningstar, the expense ratio
of the average domestic equity ETF is about 0.36% compared to 0.99%
for the average equity index fund and 1.52% for the average actively
managed equity mutual fund. Additionally, the advisory fees are
exclusive of all custodial and transaction costs paid to custodians,
brokers or any other third parties. Upon your request, we can
review with you all fees charged by us, custodians and brokers and
others so that you are fully aware of the total amount of investment
expenses incurred.
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The expense ratio of the average domestic equity ETF is about 0.36% compared
to 0.99% for the average equity index fund and 1.52% for the average actively
managed equity mutual fund.
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