Conscientious cost control and an equitable fee structure help boost the net return to clients. Fees, calculated and billed quarterly, are entirely negotiable. Terril does not bill in advance. An advisory contract can be cancelled at any time without penalty.
The firm derives 100% of its revenue from disclosed client fees. They do not charge or accept any other form of compensation related to a client’s account.
| Market value of managed assets | Annual fee as a percentage of managed assets |
|---|---|
| Up to $1 million | 1.0% |
| $1 million to $3 million | 0.75% |
| $3 million to $5 million | 0.6% |
| $5 million and above | 0.5% |
*Illustration: Presuming the negotiated fee to manage a $1 million portfolio is 0.75%, the cost to the client is $7,500 on an annual basis. If a client can earn 5% self-managing a portfolio, Terril & Co. needs to earn 5.75% to justify its involvement.