Broker Check

Canopy charges a fee for the services we offer. In most cases, we charge an asset-based fee which covers investment advisory, planning, and portfolio management. Unlike traditional brokers, we act as a fiduciary, so there are no commissions and we sell no products or separate financial instruments as investments.

Our standard fee schedule is as follows:

Assets Under ManagementAnnual Fee
First $500,0001.20%
Next $1,000,000 ($500,001 to $1,500,000)0.80%
Next $1,500,000 ($1,500,001 to $3,000,000)0.60%
Next $2,000,000 ($3,000,001 to $5,000,000)0.50%
Over $5,000,0000.40%

This is a blended fee schedule. For example, a $1,000,000 account will be charged 1.00%, as the first $500,000 is charged at the rate of 1.20%, while the second $500,000 is charged at a rate of 0.80%. Also, all accounts within the same household are aggregated and applied together to reduce the overall fee. Generally, a minimum of $250,000 of assets under management is required for this service. The account size may be negotiable under certain circumstances. At our discretion, Canopy may negotiate other fee arrangements depending on the size of the account, type of account, services required, etc. The specific annual fee being charged to the client will be set forth and identified in an agreement between Canopy and that client. Also, this fee schedule is not applicable to institutional accounts such as 401(k), Deferred Comp, etc.

For complete details, please view our form ADV here.

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