44 North Capital LLC

ITEM 5 - FEES AND COMPENSATION
Fee Schedule & Billing Method
44 North offers services on a fee basis, which may include fixed fees, as well as fees based on assets under
management or advisement.

Investment Management Services
The annual management fee for our Investment Management Services, including Financial Planning, is
based on the total dollar value of the assets maintained in the client account. The fee assessed and/or
charged is based on what is stipulated in the Investment Advisory Agreement signed by each client. This
may include a minimum annual fee.

Our annual fee ranges up to 1.25% annually and is assessed and/or charged monthly in advance, based on
the value at the end of the billing period. Inflows and outflows of cash are considered on a prorated basis
in this calculation. Fees can be structured as a fixed flat percentage fee on total assets in the account, a
fixed flat dollar amount, or a tiered fee schedule whereby the fee is calculated by applying different rates
to different levels of assets.

Financial Institution Consulting Services

The Firm receives a consulting fee based on the Assets Under Management from Brokerage Customers
who have provided written consent to a broker/dealer to receive the investment consulting services from
44 North Capital and have entered into a written advisory contract with 44 North Capital. The consulting
fee is calculated from the Assets Under Management as of the end of a calendar quarter period, multiplied
by the annualized rate described in the agreement.

Financial Planning and Consulting Fees
In addition to the advisory fees paid, we may provide financial planning and/or consulting services to clients
regarding the management of their financial resources, which is based upon an analysis of their current
personal and financial situations, goals, and objectives. The fee assessed and/or charged is based on what
is stipulated in the Investment Advisory Agreement signed by each client. This may include a minimum
annual fee. The Firm offers services on a fee basis, which may include fixed fees, as well as fees based on
assets under management or advisement.

Other Fees and Expenses
In addition to the advisory fees paid to the Firm, clients may incur certain charges imposed by other third
parties, such as broker-dealers, custodians, trust companies, platform service providers, banks, and other
financial institutions (collectively “Financial Institutions”). These additional charges may include securities
brokerage commissions, transaction fees, custodial fees, fees attributable to alternative assets, reporting
charges, margin costs, 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. In addition, fees charged by the Independent
Managers/Sub-Advisors are charged to the clients separately. In these relationships with third-party and/or
Sub-Advisors, these fees would be in addition to the fees charged by the Firm, paid directly to the third-

 44 North Capital, LLC - Disclosure Brochure                                                  January 1, 2026 – v3

party and/or Independent Manager/Sub-Advisor, and the Firm will not receive any portion of those fees or
share in those fees.

Direct Fee Debit
Clients generally provide the Firm and/or the Independent Managers/Sub-Advisors with the authority to
directly debit their accounts for payment of the investment advisory fees. The Financial Institutions that
act as the qualified custodian for client accounts, from which the Firm retains the authority to directly
deduct fees, are required to send statements to clients not less than quarterly detailing account
transactions, including any amounts paid to the Firm.

Account Additions and Withdrawals
As stated above, clients may make additions to and withdrawals from their accounts at any time, subject
to the Firm’s right to terminate an account. Additions may be in cash or securities, provided that the Firm
reserves the right to liquidate any transferred securities or declines to accept particular securities into a
client’s account. Clients may withdraw account assets on notice to the Firm, subject to the usual and
customary securities settlement procedures. However, the Firm generally designs its portfolios as long-
term investments, and the withdrawal of assets may impair the achievement of a client’s investment
objectives. The Firm may consult with its clients about the options and implications of transferring
securities. Clients are advised that when transferred securities are liquidated, they may be subject to
transaction fees, short-term redemption fees, fees assessed at the mutual fund level (e.g., contingent
deferred sales charges), and/or tax ramifications.

Commissions and Sales Charges for Recommendations of Securities
44 North does not charge commission or sales charges for recommendations of securities.

Termination
Either party may terminate the advisory agreement at any time by providing written notice to the other
party. The client may terminate the agreement at any time by writing or phoning the Firm at our office. The
Firm will refund any prepaid, unearned advisory fees.

Terminations will not affect liabilities or obligations from transactions initiated in client accounts prior to
termination. In the event the client terminates the investment advisory agreement. The Firm will not
liquidate any securities in the account unless instructed by the client to do so. In the event of the client’s
death or disability, the Firm will continue management of the account until we are notified of the client’s
death or disability and given alternative instructions by an authorized party.

ITEM 7 - TYPES OF CLIENTS
44 North provides asset management, financial planning, ERISA plan advisory & consulting, investment
advisory, and selection of third-party Independent Managers and/or Sub-Advisors. Our services are
provided on a discretionary basis to a variety of clients, such as institutional investors, individuals, high-

 44 North Capital, LLC - Disclosure Brochure                                                  January 1, 2026 – v3

net-worth individuals, trusts and estates, qualified purchasers, and individual participants of retirement
plans. In addition, we may also provide advisory services to entities such as pension and profit-sharing
plans, businesses, and other investment advisors.

Account Requirements
The Firm does not impose a stated minimum fee or minimum portfolio value for starting and maintaining an
investment management relationship. Certain Independent Managers may, however, impose more restrictive
account requirements and billing practices on the Firm. In these instances, the Firm may alter its corresponding
account requirements and/or billing practices to accommodate those of the Independent Managers.