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River Road offers separate accounts to institutional and individual clients. The minimum account size accepted for separate accounts is $5,000,000. Fees for separate accounts are as follows:

Small Cap Value

  First $10 Million 1.0 of 1%
  Next $15 Million 0.95 of 1%
  Next $25 Million 0.90 of 1%
  Thereafter 0.80 of 1%

Smid Cap Value

  First $10 Million 1.0 of 1%
  Next $15 Million 0.90 of 1%
  Next $25 Million 0.85 of 1%
  Thereafter 0.75 of 1%

Dividend All-Cap Value

  First $10 Million 0.85 of 1%
  Next $15 Million 0.80 of 1%
  Next $25 Million 0.75 of 1%
  Thereafter 0.65 of 1%

Independent Value

  First $25 Million 1.0 of 1%
  Next $25 Million 0.95 of 1%
  Thereafter 0.90 of 1%