Because Interlake is a fee-only advisory firm that does not accept commissions of any kind, the only revenue we have ever generated, or ever will generate, flows from the contractual fees our clients pay for our services. For private clients, we calculate those fees as a percentage of the assets you place under Interlake's management. Fees are assessed quarterly and deducted from client accounts at Alruist.
We're pleased to share economies of scale with our clients by maintaining a tiered fee schedule. Those fees begin at 1.00% annually for household assets up to $250,000. An advisory fee of 0.75% applies to assets between $250,000 and $500,000. Assets over $500,000 are billed at 0.50% annually, with an annual maximum household fee of $10,000 (which would apply at and above $1,625,000 in household assets).
Thanks to Altruist’s ability to manage portfolio allocations with fractional shares, Interlake does not impose formal asset minimums.