Churchill Management Group

Management fees are calculated based on the value of the account(s) under management. Thus, this conflict free arrangement provides for an increase of fees only if the size of the account appreciates, and a decrease of fees if the account lessens.

Management service fees for accounts exceeding $ 2.5 million are normally billed on a quarterly basis.

The management service fee for Balanced Accounts is computed quarterly in advance based on the total value of the account at the beginning of each quarterly computation period. In the instance additions are made to an account during a given quarter, management fees on the incremental additions are pro-rated and are payable at the beginning of the next period. Management service fees are payable on the first day of the first, fourth, seventh and tenth month of the management year.

Management service fees for accounts of $ 2.5 million or less are normally billed on a semi-annual basis.

The management service fee shall be computed semi-annually in advance, based on the total value of the accounts at the beginning of each semi-annual computation period (pro-rated for any semi-annual period in which additions are made to the account). This management service fee shall be payable on the last day of the first month and on the last day of the seventh month of the management year respectively. In the event the client terminates, prepaid fees shall be refunded for the time remaining between the date of termination and the end of the period for which the fee was prepaid.

To inquire about fees specific to your account, please contact Churchill Management Group at: 877.937.7110.