Alpine Hill Advisors LLC

Item 5 – Fees and Compensation

The following paragraphs detail the fee structure and compensation methodology for services provided by the
Advisor. Each Client engaging the Advisor for services described herein shall be required to enter into one or more
written agreements with the Advisor.

A. Fees for Advisory Services
Wealth Management Services
Wealth management fees are paid monthly in advance of each month, pursuant to the terms of the wealth
management agreement. Wealth management fees are based on the market value of assets under management at
the end of the prior month. Wealth management fees range up to 1.50% annually based on several factors, including:
the scope and complexity of the services to be provided; the level of assets to be managed; and the overall
relationship with the Advisor. Relationships with multiple objectives, specific reporting requirements, portfolio
restrictions and other complexities may be charged a higher fee.

The wealth management fee in the first month of service is prorated from the inception date of the account[s] to the
end of the first month. Fees may be negotiable at the sole discretion of the Advisor. The Client’s fees will take into
consideration the aggregate assets under management with the Advisor. All securities held in accounts managed by
Alpine Hill will be independently valued by the Custodian. The Advisor will conduct periodic reviews of the
Custodian’s valuation to ensure accurate billing. The Advisor’s fee is exclusive of, and in addition to any applicable
securities transaction and custody fees, and other related costs and expenses described in Item 5.C below, which
may be incurred by the Client. However, the Advisor shall not receive any portion of these commissions, fees, and
costs.

Lifestyle Management Services
Lifestyle management fees are paid monthly in advance of each month, pursuant to the terms of agreement. Fees
range from $50,000 to $500,000 annually based on the scope of services and the level of activity and staffing
required.

                                                     Alpine Hill Advisors LLC
                                      1 Turkey Hill Road South, Suite 204, Westport, CT 06880
                                    Phone: (203) 246-5592 | Website: https://alpinehilladvisors.com

B. Fee Billing
Wealth Management Services
Wealth management fees are calculated by the Advisor or its delegate and deducted from the Client’s account[s] at
the Custodian. The Advisor or its delegate shall send an invoice to the Custodian indicating the amount of the fees to
be deducted from the Client’s account[s] at the start of the monthly period. The amount due is calculated by applying
the monthly rate (annual rate divided by 12) to the total assets under management with Alpine Hill at the end of the
prior month. Clients will be provided with a statement, at least quarterly, from the Custodian reflecting deduction of the
wealth management fee. Clients are urged to also review the brokerage statement from the Custodian, as the
Custodian does not perform a verification of fees. Clients provide written authorization permitting advisory fees to be
deducted by Alpine Hill to be paid directly from their account[s] held by the Custodian as part of the wealth
management agreement and separate account forms provided by the Custodian.

Lifestyle Management Services
Lifestyle management fees are paid monthly in advance of each month and are either deducted from a designated
account at the Custodian or invoiced to the Client.

C. Other Fees and Expenses
Clients may incur certain fees or charges imposed by third parties, other than Alpine Hill, in connection with
investments made on behalf of the Client’s account[s]. The Client is responsible for all custody and securities
execution fees charged by the Custodian, as applicable. Fidelity, does not charge securities transaction fees for
ETF and equity trades in a Client's account, provided that the account meets the terms and conditions of the
Custodian's brokerage requirements. However, Fidelity typically charges for mutual funds and other types of
investments. LPL, charges securities transaction fees for ETFs and equity trades in a Client’s account. LPL also
typically charges on mutual funds and other types of investments. The fees charged by Alpine Hill are separate and
distinct from these custody and execution fees.

In addition, all fees paid to Alpine Hill for investment advisory services are separate and distinct from the expenses
charged by mutual funds and ETFs to their shareholders, if applicable. These fees and expenses are described in
each fund’s prospectus. These fees and expenses will generally be used to pay management fees for the funds,
other fund expenses, account administration (e.g., custody, brokerage and account reporting), and a possible
distribution fee. A Client may be able to invest in these products directly, without the services of Alpine Hill, but
would not receive the services provided by Alpine Hill which are designed, among other things, to assist the Client
in determining which products or services are most appropriate for each Client’s financial situation and objectives.
Accordingly, the Client should review both the fees charged by the fund[s] and the fees charged by Alpine Hill to
fully understand the total fees to be paid. Please refer to Item 12 – Brokerage Practices for additional information.

D. Advance Payment of Fees and Termination
Wealth Management Services
Alpine Hill may be compensated for its investment management services in advance of the month in which services
are rendered. Either party may terminate the wealth management agreement, at any time, by providing advance
written notice to the other party. The Client may also terminate the wealth management agreement within five (5)
business days of signing the Advisor’s agreement at no cost to the Client. After the five-day period, the Client will incur
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Item 7 – Types of Clients

Alpine Hill offers investment advisory services to individuals, high net worth individuals, trusts, estates, and
businesses. Alpine Hill generally requires a minimum relationship size of $1,000,000, which may be reduced at the
sole discretion of the Advisor.