Client Relationship Summary

Fees and Costs:

In addition, you may incur other fees and costs including:

  • Fees charged when certain investments are sold (e.g. surrender charges for selling mutual funds or variable annuities).

  • Custodian fees paid to the bank or other financial institution that holds the assets in your account.

  • Fees related to mutual funds and variable annuities purchased and sold in your account; and

  • Other transactional fees and product-level fees.

 

The Firm may invest in closed-end funds, open-end funds, exchange traded funds (ETFs), exchange traded notes (ETNs), and other pooled investment vehicles on behalf of certain of its clients.  When the Firm invests client assets in such vehicles, unless otherwise agreed and where permitted by law, the client will bear its proportionate share of fees and expenses as an investor in such vehicles in addition to the Firm’s investment advisory fees.

In addition, the Firm has the authority to invest some clients’ assets in the Registered Funds to which TJH provides investment advisory services and receives advisory or other fees.  It is the policy of the Firm to adjust fees paid by clients in such circumstances so that the total fees paid by such clients do not exceed the fees agreed to be paid under the applicable agreements relating to such clients. 

The Firm’s clients generally will incur brokerage and other transaction costs (which, in the case of wrap fee program clients, may be included in total costs charged to clients by wrap fee program sponsors). For additional information about brokerage practices and brokerage costs, please refer to Item 12 of the Firm’s Form ADV Part 2 Brochure.

 

Neither the Firm nor any of its supervised persons accepts compensation for the sale of securities or other investment products (other than indirectly through the management fees charged for the Firm’s advisory services generally).

In addition, you may incur other fees and costs including:

  • Fees charged when certain investments are sold (e.g. surrender charges for selling mutual funds or variable annuities).

  • Custodian fees paid to the bank or other financial institution that holds the assets in your account.

  • Fees related to mutual funds and variable annuities purchased and sold in your account; and

  • Other transactional fees and product-level fees.

 

The Firm may invest in closed-end funds, open-end funds, exchange traded funds (ETFs), exchange traded notes (ETNs), and other pooled investment vehicles on behalf of certain of its clients.  When the Firm invests client assets in such vehicles, unless otherwise agreed and where permitted by law, the client will bear its proportionate share of fees and expenses as an investor in such vehicles in addition to the Firm’s investment advisory fees.

In addition, the Firm has the authority to invest some clients’ assets in the Registered Funds to which TJH provides investment advisory services and receives advisory or other fees.  It is the policy of the Firm to adjust fees paid by clients in such circumstances so that the total fees paid by such clients do not exceed the fees agreed to be paid under the applicable agreements relating to such clients. 

The Firm’s clients generally will incur brokerage and other transaction costs (which, in the case of wrap fee program clients, may be included in total costs charged to clients by wrap fee program sponsors). For additional information about brokerage practices and brokerage costs, please refer to Item 12 of the Firm’s Form ADV Part 2 Brochure available at Link to Form ADV.

 

Neither the Firm nor any of its supervised persons accepts compensation for the sale of securities or other investment products (other than indirectly through the management fees charged for the Firm’s advisory services generally).