Principals and associated persons of Phoenix Portfolio Management Services pay referral fees for certain client referred for STAR services. Fees are paid at the rate of 20-50% of the investment advisory fees charged each client (based on a case-by-case basis). A disclosure notice is provided to each STAR client as to compensation arrangements between the referring party and Phoenix Portfolio Management Services. Each referral fee is paid based on the nature of the referral and is agreed on in writing.Under special circumstances special arrangements are made that provide for the payment of higher or lower referral fees. In any case, a separate disclosure, pursuant to Rule 204 (4)-3 of the Investment Adviser Act of 1940 is provided to each referral.

Phoenix Portfolio Management Service offers a “Strategic Timetable Asset Return” program (STAR) to clients as an investment and management service. The fee for the services is on an hourly or project basis. The fee for the STAR service is an annual investment advisory fee equal to three percent (3%) or less of the market value of the assets in the clients’ accounts. The minimum annual fee is 1,800.00, prorated quarterly. When the portfolio’s assets are below the minimum, a minimum quarterly fee of 200.00 will be charged. The fees are due and payable upon execution of the “Strategic Timetable Asset Return” agreement. Subsequent quarterly fees are computed based on the chart below and may be deducted quarterly from the clients’ accounts. Some fees may be negotiated.

Per Annum
Per Quarternnum
First $250, 000 to 500,000
Next $2,000,000 to 4,000,000
Next $4,000,000 to 5,000,000
Amounts above 5,000,000

Each client signing an agreement will receive a copy of the STAR brochure, Form ADV Part ll, and shall be given five business days to unconditionally rescind the agreement. The “Strategic Timetable Asset Return” agreement may be terminated by either party upon thirty (30) days prior written notice to the other party. Clients wishing to terminate the agreement during any quarter will receive a prorated refund based on the number of days of service received.

Any fees collected in advance by Phoenix Portfolio Management Service, Inc. for financial planning services are refunded unconditionally to clients on a prorate basis, considering the percentage of services rendered up to the time of the refund. When fees are collected in advance, clients have an unconditional right of rescission for five business days from receipt of fees.

The fee for the STAR service is a quarterly investment advisory fee equal to one-half of one percent (0.5%) or less, of the market value of the asset in the clients account, billed quarterly. The minimum quarterly fee is $450. When fees are collected in advance, clients have an unconditional right of rescission for five business days from receipt of their fees. The STAR service may be terminated by either party upon thirty (30) days prior written notice. The fees for the quarter in which termination occurs are prorated from the date of termination and refunded to the client. Because implementation of the service involves investment in mutual funds, clients are advised that additional management fees are incurred through the use of such mutual funds. Comparable services may be available elsewhere for more or less.

Review of Client Account

Clients’ accounts are reviewed quarterly and annually, utilizing the investment policy statement and the portfolio design and performance as the parameters. The reviews, at the clients’ option, may be done in at the advisor’s office, the client’s home, library, restaurant, computer media or telephone.


The basic objectives of the “Strategic Timetable Asset Return” service are to (1) preserve capital and 2) obtain capital growth or income, Each portfolio is developed based on the client’s risk tolerance. Phoenix Portfolio Managementmanages the investments of the clients’ accounts in accordance with the investment objectives of each client. Phoenix Portfolio Management is not and will not act as a custodian for clients’ accounts, but may issue instructions to custodians, as agent and attorney-fact, with respect to clients’ accounts, to exchange or otherwise trade in specific investment products selected by Phoenix Portfolio Management Service and/or the clients. The clients agree and understand that the risks of the investment program are borne solely by the clients.

Unmanaged Accounts

Clients may hold accounts that are not a part of the Phoenix Portfolio Management Service STAR program and list Phoenix Portfolio Management Service as the advisor, in such cases those accounts are classified as “unmanaged.” No fees or commission are earned on these account balances, but the balances and records are kept.

Disciplinary Information

Phoenix Portfolio Management Service  has never been the subject of any civil and/or criminal disciplinary actions. Any controversy or claim, includingbut not limited to errors and omissions arising out of or relating to this agreement or thereof shall be settled by arbitration in accordance with the Commercial Arbitration Rules of the American Arbitration Association then applying. The award of the arbitrators or the majority of them shall be final and binding and not subject to review or appeal. Judgment upon any arbitration award rendered may be entered in any court having appropriate jurisdiction. The clause does not constitute a waiver of any right provided by the Investment Adviser Act of 1940, includingthe right to choose the forum, whether arbitration or adjudication, in which to seek resolution of disputes.

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