HighRock charges for its investment research, portfolio construction and management, and financial planning services in accordance with a published fee schedule.
HighRock 就其投资研究、投资组合构建与管理及财务规划服务按照既定收费标准收取费用。
Company research, published on a subscription basis以订阅方式发布的公司研究
$300 / quarter/ 季度
Billed quarterly in advance ($1,200 annualized)按季预收（$1,200 年化）
For medium- to long-term investors who want HighRock's company research on its own.适合希望独立获取 HighRock 深度公司研究的中长期投资者。
Includes:包括：
Everything above, plus timing上述全部内容，另加时点判断
$129 / month/ 月
Billed monthly in advance ($1,548 annualized)按月预收 · $1,548 年化
For shorter-horizon investors who care not only about what to invest in, but about when to act.适合不仅关注「投资什么」，同时重视「什么时候行动」的短期投资者。
Includes everything in Deep Research, and in addition:包括 Deep Research 的全部内容，并额外提供：
A Research Alert is impersonal investment research. Every applicable subscriber receives the same research content at the same time. Research Alert 为非个性化投资研究。所有适用订阅者同时收到相同研究内容。
Source: HighRock Capital Management. Research subscription fees are those disclosed in HighRock's Form ADV Part 2A, Item 5, as then in effect.来源：HighRock Capital Management。研究订阅费用应与 HighRock 当前有效的 Form ADV Part 2A Item 5 所披露费用保持一致。
Charged on assets under management.
按管理资产规模收费。
HighRock provides non-discretionary portfolio construction and management. We provide personalized investment recommendations based on a client's investment objectives, risk tolerance, existing holdings and overall asset allocation, and the client approves every transaction.
HighRock 为客户提供非全权委托投资组合构建与管理。我们根据客户的投资目标、风险承受能力、现有持仓和整体资产配置提供个性化投资建议，每笔交易由客户批准。
The schedule is tiered: a single rate is not applied to the whole account.
收费采用分层计算（tiered fee schedule），而不是整个账户统一适用一个费率。
Example — a $1.5 million portfolio:
First $500,000 × 1.50%
Second $500,000 × 1.25%
The $500,000 above $1 million × 1.00%
例如，一个 $1.5 million 的投资组合：
首 $500,000 × 1.50%
第二个 $500,000 × 1.25%
超过 $1 million 的 $500,000 × 1.00%
Advisory fees are billed quarterly in advance, calculated on the market value of the account on the last business day of the prior calendar quarter.
投顾费按季度预收，以账户在上一日历季度最后一个营业日的市值计算。
The fee that applies is the fee set out in the client's signed Investment Management Agreement. Fees are negotiable at HighRock's discretion.
具体收费以客户签署的 Investment Management Agreement 为准。费用可由 HighRock 酌情协商。
| Assets under management管理资产 | Annual fee年度管理费 |
|---|---|
| First $500,000首 $500,000 | 1.50% |
| $500,000 – $1,000,000$500,000 – $1,000,000 部分 | 1.25% |
| Over $1,000,000超过 $1,000,000 部分 | 1.00% |
Source: HighRock Capital Management, Form ADV Part 2A, Item 5.A.来源：HighRock Capital Management，Form ADV Part 2A Item 5.A。
$1,500 – $5,000
A fixed fee, set by the scope and complexity of the planning work.
采用固定收费方式，具体费用取决于规划工作的范围与复杂程度。
Financial planning may include:
财务规划可能包括：
HighRock provides a written fee estimate before the engagement begins.
HighRock 会在服务开始前提供书面费用估算。
Payment: 50% on execution of the financial planning agreement, 50% on delivery of the plan.
付款方式：50% 在签署财务规划协议时支付，50% 在规划方案交付时支付。
For 401(k), 403(b) and other employer-sponsored retirement plans.针对 401(k)、403(b) 等雇主退休计划。
| Service服务 | Fee费用 | Billing收费方式 |
|---|---|---|
| Initial allocation analysis初始资产配置分析 | $800 | 50% on execution, 50% on delivery签约时 50%，交付时 50% |
| Annual review (optional)年度 Review（可选） | $400 / year/ 年 | Billed on completion of each review每次复核完成后收费 |
Source: HighRock Capital Management, Form ADV Part 2A, Item 5.A.来源：HighRock Capital Management，Form ADV Part 2A Item 5.A。
The initial analysis covers the funds available inside the plan, the client's overall asset position, retirement objectives, time horizon and risk tolerance, and delivers a written allocation recommendation.
初始分析包括分析计划内可选基金、客户整体资产、退休目标、投资期限及风险承受能力，并提供书面资产配置建议。
HighRock does not charge performance-based fees — that is, fees calculated on a share of capital gains or capital appreciation of a client's assets.
HighRock 不收取基于投资收益或资本增值计算的业绩提成。
Research subscription fees and financial planning fees are not deducted from any brokerage account or investment management account. HighRock neither requires nor accepts prepayment of subscription fees for any period longer than one calendar quarter.
研究订阅费与财务规划费不会从任何券商账户或投资管理账户中扣取。HighRock 不要求或接受超过一个日历季度的预付订阅费用。
All fees stated on this page are those disclosed in HighRock's Form ADV Part 2A, Item 5, as then in effect. Where this page and that brochure differ, the brochure governs.
本页所列全部费用应与 HighRock 当前有效的 Form ADV Part 2A Item 5 所披露费用保持一致。如本页与该手册存在不一致，以手册为准。