Consistent with our policy of independence, client fees are the firm’s only source of remuneration. We charge an annual fee for our portfolio management and consulting services. Fees are calculated quarterly, in arrears, on the assets under management. The fee structure gives the manager the incentive both to preserve capital and to increase the value of the portfolio.

MacNicol & Associates does not publicly disclose fee and performance information. For a free brochure outlining performance and fee figures, please contact the office.