Billing Practices
Billing Practices
R.W. Mann & Company recognizes
that clients look for value and efficiency from their advisors, and we
are responsive to that demand.
While our normal billing arrangement
is based on hourly fees for advisory services and is prepared monthly,
we are prepared to explore
other fee arrangements that may
be more suitable to a particular client’s needs.
Hourly Fee Arrangements
Under Mann & Company's standard
hourly fee arrangement, the fees for our professional services are based
upon the firm’s hourly rates
for those advisors and other firm
personnel who will perform services on your behalf. When feasible and efficient,
services may be
performed by affiliated firms or
other staff members operating under the supervision of the engagement leader.
In addition to our fees, we expect
to be paid for disbursements and other charges incurred on a client's behalf.
Such items may include
data acquisition fees, telecommunications
charges, online research, report preparation, messenger and delivery services,
travel (airfare,
lodging, meals and ground transportation,
including mileage), and if appropriate, business meals and conferences.
Alternative Fee Arrangements
In today’s competitive and economic
environment, situations requiring advisory services may not be justify
traditional fee arrangements.
We will work with clients to develop
alternative financial arrangements to meet their individual needs. Mann
& Company has developed
a number of innovative strategies
for clients, including fixed retainers, task billing, success fees and
others.
Your Bill
We encourage client questions on
all matters, and we welcome and encourage your feedback. If you have specific
billing requirements,
policies and procedures, we will
work with you to accommodate your needs. Our billing function is flexible
and enables us to meet
individual billing objectives as
well as provide you will a clear and timely record of the services undertaken
and costs incurred on your behalf.