What are the costs?
We are permitted to charge a performance-based fee or allocation to clients that are “qualified clients”. Management fee is 3/4% quarterly. Performance fee is 24% of annual gains with high water mark.
For accounts between $1,000,000 < $4,999,999
Management fee (1.7%) Performance fee (17%)
Negotiated fees are available for accounts over $5,000,000.
A qualified client is:
(i) any person or entity that immediately after entering into the advisory contract has $1,000,000 under management with PCG;
(ii) any person or entity that we reasonably believe, immediately prior to entering into the advisory contract, either has a net worth of more than $2,000,000 or is a “qualified purchaser” .