 All of our fees are
disclosed
and explained in advance and are easy to understand.
IRA holders are charged an asset base fee for the following
services:
●
Investment Management
●
Trust, Custody & Clearing
● Administration
Fees
In addition, IRA holders may be charged individual
service fee when requesting a particular IRA service.
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total Asset Base Fee That You Will Be Charged: 60 Basis
Points (BPS)...
Although Slavic Managed IRA
fee is relatively low, it may be higher than you are
currently paying in your current 401(K) or other individual
retirement accounts.
Asset Base Fee is
charged as a percentage of the assets you have in your
Slavic Managed IRA account. The fee is very low — fractions
of a percent — so it is calculated using a basis point
system. A basis point is 1/100 of a percent, meaning it
takes one hundred basis points to equal one percent. To
figure out the fee you would pay, simply multiply the total
amount of your account asset by the 60 basis point,
remembering to convert the basis points into hundredths of a
percentage point.
Here’s an example: A
Slavic Managed IRA account with a $10,000 balance at 60
basis points (bps) would translate to
a $60.00 annualized
fee ($10,000 X .0060 = 60). All asset base fees are
calculated quarterly and automatically
deducted from your
Slavic Managed IRA account. All fees are disclosed upfront
and will be reflected on your
account statement.
|
Breakdown of the 60 basis points (bps)
Investment Management Fees
– Slavic Mutual Funds Management Corporation
............................................................................................(50pbs)
Each portfolio offered through the Slavic Managed IRA
platform is managed by investment professionals who buy
and sell securities and oversee the portfolio’s
investments.
Trust, Custody & Clearing – Counsel Trust Company, (a
Mid Atlantic Capital Group, Inc. company)
...............................................................(4pbs)
Personal Retirement Accounts require a custodian to hold
the funds and to ensure that the rules created by the
Internal Revenue Service are adhered to. The custodian
also takes care of documentation and tax reporting.
Administration – Slavic Integrated Administration, Inc.
..........................................................................................................................................(6pbs)
Administration fee covers the cost of providing services
through Slavic Managed IRA website, customer service,
the toll-free information line, as well as some of the
Plan communications.
|
Individual Service Fees
Individual service fees are one-time fees that cover
optional features and services offered with your Slavic
Managed IRA.
Individual service fees may be charged separately to
the accounts of those who choose to take advantage of a
particular account feature.
Miscellaneous Service Fees
|
Fee Description |
Amount |
Fee Paid
To |
|
Stop Payment |
$ 10.00 |
Counsel
Trust Company - Custodian |
|
Overnight Delivery |
$ 15.00 |
Counsel
Trust Company - Custodian |
|
Distribution Fee |
$ 12.00 |
Counsel
Trust Company - Custodian |
Low Investment Fee means more money in your pocket...
The managed fees for the Slavic Managed IRA are low when
compared to other managed mutual fund products. Other
managed mutual funds products can charge between 1% to 2% of
assets. |
