17 Capital Partners LLC

Item 5. Fees and Compensation
Pearl Capital Management offers services on a fee-only basis, which include fees based upon assets under
management, and a flat fee for financial planning services.

Investment Management Fees

Pearl Capital Management offers investment management services for an annual fee based on the amount of assets
under the Firm’s management. This management fee is negotiable and varies between zero and 200 basis points
(0.00 % – 2.00 %), depending upon the size and composition of a client’s portfolio and the type of services
rendered. The fee, which is determined and agreed to at the time of engagement, is set forth in the Advisory
Agreement and is periodically reevaluated.

The annual fee is prorated and charged quarterly, either in advance or in arrears, based upon the market value of
the assets being managed by Pearl Capital Management on the last day of the previous billing period.

17 Capital Partners, LLC
DBA Pearl Capital Management                                                          March 31, 2026
For the initial period of an engagement, the fee is calculated on a pro rata basis. In the event the Advisory
Agreement is terminated, the fee for the final billing period is prorated through the effective date of the termination
and the outstanding or unearned portion of the fee is charged or refunded to the client, as appropriate.
Notwithstanding the foregoing, clients may terminate the Advisory Agreement without penalty for a full refund
of Pearl Capital Management’s fees within five business days of signing the Advisory Agreement.

Additionally, for asset management services the Firm provides with respect to certain client holdings (e.g., held-
away assets, accommodation accounts, alternative investments, etc.), Pearl Capital Management may negotiate a
fee rate that differs from the range set forth above. Clients are advised that a conflict of interest exists for the
Firm to recommend that clients engage Pearl Capital Management for additional services for compensation,
including rolling over retirement accounts or moving other assets to the Firm’s management. Clients retain
absolute discretion over all decisions regarding engaging the Firm and are under no obligation to act upon any of
the recommendations.

Retirement Plan Management Fees

For its retirement plan management services, Pearl Capital Management charges an asset-based fee that is tiered
based on the total of assets managed within the plan in accordance with the fee schedule described in the ERISA
Fiduciary Investment Advisory Contract. The fee schedule for each plan is negotiable.
The annual fee is prorated and charged quarterly, either in advance or in arrears, based upon the market value of
the assets being managed by Pearl Capital Management on the last day of the previous billing period.

For the initial period of an engagement, the fee is calculated on a pro rata basis. In the event the ERISA Fiduciary
Investment Advisory Contract is terminated, the fee for the final billing period is prorated through the effective
date of the termination and the outstanding or unearned portion of the fee is charged or refunded to the client, as
appropriate. Notwithstanding the foregoing, clients may terminate the ERISA Fiduciary Investment Advisory
Contract without penalty for a full refund of Pearl Capital Management’s fees within five business days of signing
the Advisory Agreement.

Financial Planning Fees

For its financial planning services, Pearl Capital Management charges a flat fee, which vary depending on the
level of service required from a client’s needs.

Our service levels and corresponding annual fees vary based on service level. The four levels of service we provide
are Foundational Planning, Advanced Planning, Elite Planning, and Family Office – Personal CFO. Each level
starting with Foundational Planning bring more service and benefits than the prior level and fees are adjusted
accordingly.

Fees are paid in four quarterly payments due at the start of each quarter (January, April, July, & October), with
the first full payment due at the beginning of the subsequent quarter after client onboards. Fixed fees are
commensurate with asset-based fees and may be negotiated for our financial planning services.. Fixed fees may
be deducted and invoiced in the same fashion as asset-based fees, described above, or we may directly invoice
you for the financial planning services.

All fixed fees for services offered by the firm will be determined in advance based on the agreement between the
client and the firm and based on the information provided by the client at that time.

Our fixed fees are typically billed in arrears. Any fixed fees paid in advance will be prorated to the date of
termination and the excess refunded to the client by check as soon as practicable.

Additional Fees and Expenses

17 Capital Partners, LLC
DBA Pearl Capital Management                                                         March 31, 2026
In addition to the advisory fees paid to Pearl Capital Management, clients also incur certain charges imposed by
other third parties, such as independent money managers, broker-dealers, custodians, trust companies, banks and
other financial institutions (collectively “Financial Institutions”). These additional charges include securities
brokerage commissions, transaction fees, custodial fees, margin costs, fees attributable to alternative assets,
reporting charges, fees charged by the Independent Managers (as further detailed below), charges imposed directly
by a mutual fund or ETF in a client’s account, as disclosed in the fund’s prospectus (e.g., fund management fees
and other fund expenses), deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and electronic
fund fees, and other fees and taxes on brokerage accounts and securities transactions. The Firm’s brokerage
practices are described at length in Item 12, below.
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Item 7. Types of Clients
Pearl Capital Management offers services to individuals (including high-net- worth individuals), pension and
profit-sharing plans, trusts, estates, charitable organizations, corporations, and business entities.

Minimum Account Requirements

Pearl Capital Management imposes a minimum AUM of $250,000 for our Investment Management Services.
However, this AUM minimum may be waived at the firm’s discretion. Certain Independent Managers may,
however, impose more restrictive account requirements and billing practices from the Firm. In these instances,
Pearl Capital Management may alter its corresponding account requirements and/or billing practices to
accommodate those of the Independent Managers.