Why is there an administrative fee?
The administrative fee is used to pay our investor relations, marketing and technology costs associated with onboarding new investors. The administrative fee is 1.5%. We show every fee upfront because we want you to know what you are paying and believe the value we provide far exceeds the cost. We don’t pay third-party marketers because we believe it’s important to have a direct line of communication with our investment partners, and it’s another example of how we keep fees to a minimum while also controlling the quality of the experience. Note that the administrative fee is taken off the front end of your investment. For example, if your investment is $100,000 with a 1.5% administrative fee, then the preferred return and dividend will be based on an investment value of $98,500.