Active client
Susan Kim
Retirement income, dividend strategy, tax-loss harvesting. Meridian will use the standard advisory packet to turn this household into an active client.
Estimated annual advisory fee
$16,000
Effective rate 0.89% on $1,800,000 AUM
Assets under management
$1,800,000
Current household asset base
Risk profile
Moderate
Used to align the advisory mandate
Packet progress
3/3 signed
Packet complete and relationship active
Relationship overview
- Advisory relationship
- Discretionary investment management for long-term household planning.
- Investment goals
- Retirement income, dividend strategy, tax-loss harvesting
- Fee structure
- 1.00% on the first $1M, then 0.75% above that threshold.
Fee schedule
First $1,000,000
1.00%
Over $1,000,000
0.75%
Effective rate on $1,800,000
0.89%
Onboarding packet
The household becomes active only after the packet is sent and every document is signed in sequence.
Document 1
Investment Management Agreement (IMA)
Completed and stored in the packet
Signed
Document 2
Fee Acknowledgment
Completed and stored in the packet
Signed
Document 3
ADV Part 2 Disclosure
Completed and stored in the packet
Signed
Packet complete
All three documents are signed. This household is now active and ready for ongoing advisory service.