Description of Services and Fees
Reynolds Consulting Services, LLC is a registered investment adviser based in Hicksville, New York.
We are organized as a limited liability company under the laws of the State of New York. We have
been providing investment advisory services since 2006. Thomas Scott Reynolds is our principal
owner. Currently, we offer the following investment advisory services, which are personalized to each
individual client:
The following paragraphs describe our services and fees. Please refer to the description of each
investment advisory service listed below for information on how we tailor our advisory services to your
individual needs. As used in this brochure, the words "we", "our" and "us" refer to Reynolds Consulting
Services, LLC and the words "you", "your" and "client" refer to you as either a client or prospective
client of our firm. Also, you may see the term Associated Person throughout this brochure. As used in
this brochure, our Associated Persons are our firm's officers, employees, and all individuals providing
investment advice on behalf of our firm. The use of these terms is not intended to imply that there is
more than one individual associated with this firm.
Pension Consulting Services
We will provide pension-consulting services to benefits plans and their fiduciaries based upon an
analysis of the needs of the plan. Such consulting services will consist of general or specific advice to
plan fiduciaries as to the selection or retention of investment advisers to manage the assets of the
plan. Upon the plan's selection of an independent investment adviser, we will monitor the advisers'
performance to ensure their performance and investment style remains aligned with the investment
goals and objectives of the plan. Advice may be given on non-securities matters and any
implementation of RCS' recommendations is entirely at the client's discretion.
Consulting fees are payable quarterly in arrears and are based on the following fee schedule:
Account Size Annualized Fee
$10 million $30,000
$11,000,000 to $50,000,000 $50,000
$50,000,001 to $75,000,000 $60,000
$75,000,001 to $100,000,000 $75,000
Over $100,000,000 Negotiable
Hourly - Fixed fees for limited consulting, provided by a senior consultant of our firm, are based on our
hourly rate of $240. The hourly fee is negotiable; the complexity of the material and the scope
of the
requested services will influence the final fee. The hourly consulting fee is payable at the conclusion of
each session.
The foregoing represents the fees the firm generally charges. However, fees are negotiable and
arrangements with any particular client may differ from those described above. Fees are payable at the
end of each calendar quarter; the fee is prorated for a partial quarter.
All client accounts are regulated under the Employee Retirement Income Securities Act ("ERISA"). We
will provide consulting services, as an investment manager, to the plan fiduciaries as described above.
We will not maintain discretionary authority or control, whatsoever, with respect to client accounts. The
named plan fiduciary must make the ultimate decision as to retaining the services of such investment
advisers that we recommend. The plan fiduciary is free to seek independent advice about the
appropriateness of any recommended services for the plan.
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To be an investment manager to qualified plans governed by ERISA, two requirements must be
satisfied. First, the investment manager must be registered under the Investment Advisers Act or under
applicable state law. Second, the investment manager must acknowledge in writing that it is a fiduciary
with respect to the plan. The Department of Labor in Regulation 3-21 clarified the scope of the
applicability of ERISA to investment managers. This regulation provides that such a person becomes a
fiduciary if advice is given on a regular basis and pursuant to an agreement or undertaking that such
services will serve as a primary basis for investment decisions by the plan.
The client agreement may not be modified or amended except in writing and signed by both our firm
and the client. Either party may terminate the agreement within five days of the date of acceptance
without any penalty, after the five-day period, either party may terminate the agreement on written
notice to the other party. We will be entitled to payment of all fees and reimbursement of expenses
incurred through the effective date of termination.
Types of Investments
We may advise you on any type of investment that we deem appropriate based on your stated goals
and objectives. We may also provide advice on any type of investment held in your portfolio at the
inception of our advisory relationship.
Assets Under Management
We do not manage assets on a continuous basis and; therefore, we do not have any discretionary or
non-discretionary assets under management.