Jamar check-in on the Zakir fee baseline — 2026-09-03

Teams 1:1, 5:15 to 5:22 PM ET, an hour after the JT and Derek weekly. Six messages; Jamar opened it.

Summary

• Jamar asked whether JT met Derek that afternoon and whether Derek addressed the complaint; he wanted to be sure "we were staying on top of it" and offered help.
• JT: he and Derek talked briefly and looked at reports; the history is nuanced. The accounts were charged 2% as a group while the DB plan was in effect; after the distribution into the 401(k)s JT believes Derek dropped the fees "down to 1%" (in the 3 PM meeting Derek said 1.25% was what he told the clients he would honor; the two figures are not yet reconciled).
• JT admitted the analysis he had shared earlier in the day did not account for a 2% fee already being in place, and that he does not have the full picture yet; he will look again in the morning or that evening, and Derek was going to spend time on it too.
• JT asked Jamar to find a MAP or Client Agreement showing the 2%, and warned the 2% itself is unconfirmed until Derek confirms it or a document shows it. Jamar: "Let me see what I can do."

Decisions

• JT: the 2% is treated as unconfirmed until it is on paper.

They asked me for

• Jamar: whether JT needs anything on the Zakir matter (answered with the MAP request).

I asked them for

• Jamar: find a MAP or Client Agreement that documents the 2% fee. Status: open, he is looking.

Concerns and frustrations raised

• JT: the fee structure "is a little complicated how that was all set up"; his own earlier analysis missed the 2%.

What they are focused on

• Jamar: staying ahead of the complaint.
• JT: pinning the baseline before doing any math.

Doable / not doable / needs a decision

• Finding the 2% MAP or agreement → doable if it exists in Box under the client's files or the legacy-firm paperwork; Jamar is searching.
• JT's 1% figure here versus Derek's 1.25% in the meeting → needs Derek to confirm which rate followed the decant, and from what date.

Action items

Mine

• Deeper look at the Zakir fee history with the 2% baseline in mind — target 2026-09-04 — (Notion: not pushed)
• Reconcile the post-decant rate: 1% (JT here) versus 1.25% (Derek in the meeting) — target 2026-09-04 — (Notion: not pushed)

Theirs

• Jamar: find a MAP or Client Agreement showing the 2% fee — no date; "Let me see what I can do"

Suggestions for me

• Jamar is closest to Derek's paperwork; the 2% document search is the right thing to hand him, and it keeps him in the loop without exposing the memo.
• Correct the shared Zakir Record analysis (group chat, 2:34 PM) once the baseline is confirmed; JT already told Jamar it did not account for the 2%.

Notable quotes

"Yeah, just wanted to make sure we were staying on top of it and if you needed anything" — Jamar Anderson "I could be completely wrong on that 2% though so I would take that with a grain of salt until Derek confirms or we find the MAP or Agreement that has that on paper." — JT "Let me see what I can do" — Jamar Anderson