Prospect
Thomas Park
Long-term capital appreciation, equity-heavy allocation. Meridian will use the standard advisory packet to turn this household into an active client.
Estimated annual advisory fee
$8,900
Effective rate 1.00% on $890K AUM
Assets under management
$890K
Current household asset base
Risk profile
Aggressive Growth
Used to align the advisory mandate
Packet progress
Not started
Three documents required before activation
Relationship overview
- Advisory relationship
- Discretionary investment management for long-term household planning.
- Investment goals
- Long-term capital appreciation, equity-heavy allocation
- 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 $890K
1.00%
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)
Can be launched when the packet starts
Ready
Document 2
Fee Acknowledgment
Can be launched when the packet starts
Ready
Document 3
ADV Part 2 Disclosure
Can be launched when the packet starts
Ready
Packet not started
Launch the packet when the household is ready. Meridian will generate all three documents and hand the client into the signing flow.