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Bluestone's fees are based on the amount under
management in each client relationship. The
standard fee is 1% of the total market value of each
managed account. The standard minimum
account size is $3 million. Reduced fee rates are
offered on accounts larger than $3 million. Fees
are payable in advance and billed at the end of each
quarter. Fees are negotiable.
A detailed report is sent to each client at the end
of every quarter. This report shows the current
value of the client's account, the asset allocation,
the current security positions, and, for each
security held, the cost, current market value,
estimated annual interest and dividend income, if
any. Additionally, performance reports are generated
to show the time-weighted rate of return on the
client's portfolio over specified time periods.
Clients receive monthly statements from the
brokerage firm or bank where their securities are
held. We review for accuracy all confirmations and
monthly statements received from our clients'
custodians.
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