FEES

Cáritas‘s total annual asset-based fees: 

0.40% on accounts up to $2 million.

0.30% on accounts $2 million to $5 million. 

0.20% on accounts over $5 million.  

(This annual fee is less than half the cost of your typical actively managed equity mutual fund, and includes all trading for equity, fixed income, options, mutual funds, and other packaged products, quarterly performance reporting and quarterly Zoom or in-person meetings, as well as all custody and cash-management needs provided by Charles Schwab & Co.  The underlying Exchange-Traded Fund (“ETF”) fees range from 0.02% to 0.20% per year and are paid to the individual ETF issuers themselves.  Exchange-Traded Fund (“ETF”) paid to issuing companies (i.e., Vanguard Fund Group, BlackRock iShares, PIMCO, Goldman Sachs, State Street SPDRs, Schwab Institutional ETFs, etc.), average between 0.02% and 0.20% per year, depending on the asset mix and investment strategy (e.g., equity, fixed income, real estate, cash, commodity, ESG/SRI alternatives, etc.). 

Cáritas does better when your portfolio return does better … Our fees are structured so that the client and advisor both benefit when portfolio performance increases. We keep it simple, transparent, and low fee. All ETF, all asset classes, with covered-call options strategies to help reduce risk. 

The covered-call option overlay helps safeguard against protracted down markets, and can increase the annual income of your portfolio by as much as 3% – 5%. This added income strategy is not implemented with all separately managed portfolios, but it can create a more conservative structure for your assets, increasing total return vs. typical “long-only” portfolios which do not employ a covered-call option component within the portfolio.

Call (415) 235-8000 for more information.