Fees & Reporting
Transparent fees,
structured reporting.
Fee terms are agreed at mandate level and confirmed in writing before anything is signed. Reporting is structured, periodic, and measured against the brief the client has agreed – not a generic benchmark.
Fee Models
How we structure fees.
Management Fee
A recurring fee, charged as a percentage of assets under management. Calculated and deducted on the cadence we agree at mandate setup.
Performance Fee
Where it applies, a performance-linked fee tied to a documented high-water mark and benchmark. Structure and thresholds are written into the mandate agreement.
Flat / Fixed Fee
For advisory engagements and some bespoke mandates, a fixed fee may apply instead of, or alongside, a percentage-based fee.
Advisory Fee
Project-based advisory engagements are scoped and priced separately, typically as a project fee or a retainer. See Advisory.
Third-Party Costs
Transaction costs, custody fees, administrator fees, and other third-party expenses are borne by the portfolio at cost and disclosed transparently.
Note on ranges: Specific fee levels depend on mandate size, strategy, and vehicle. They are confirmed in writing before any agreement is signed. Indicative ranges are available on request during an initial conversation.
Reporting
What you'll see, and how often.
Reporting runs on an agreed schedule. Standard is quarterly, with an annual review meeting and ad-hoc notes when something material changes.
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Quarterly reports. Performance against the mandate, attribution, and portfolio commentary.
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Annual review. A structured meeting to revisit objectives, constraints, and strategy fit.
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Risk & exposure updates. Portfolio-level limits, liquidity posture, and any significant concentrations.
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Ad-hoc notes. Sent when there's a material change, a significant event, or a policy update worth flagging.
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Custom cadence available. Where larger or institutional mandates need monthly reporting or a tailored format, we accommodate.