Item 5 Fees and Compensation
Americana Partners offers services on a fee basis, which includes fixed fees, as well as fees based upon
assets under management or advisement. Additionally, certain of the Firm's Supervised Persons, in their
individual capacities, offer securities brokerage services and/or insurance products under a separate
commission-based arrangement.
Financial Planning and Consulting Fees
Americana Partners can charge a fixed fee or an asset-based fee for providing financial planning and
consulting services under a stand-alone engagement. These fees are negotiable, but either range from $2,500
for projects and financial planning and up to $250,000 per year or from 5 to 50 basis points (0.05% - 0.50%) for
ongoing investment consulting. The fixed fee or asset-based fee will depend upon the scope and complexity of
the services and the representative rendering the financial planning and/or the consulting services. If the client
engages the Firm for additional investment advisory services, Americana Partners may offset all or a portion of
its fees for those services based upon the amount paid for the financial planning and/or consulting services.
You may terminate the financial planning or consulting services agreement upon written notice to our firm. If
you have pre-paid financial planning and/or consulting fees that we have not yet earned, you will receive a
prorated refund of those fees. If financial planning and/or consulting fees are payable in arrears, you will be
responsible for a prorated fee based on services performed prior to termination of the financial planning and/or
consulting agreement.
The terms and conditions of the financial planning and/or consulting engagement are set forth in the Advisory
Agreement and Americana Partners requires the fixed fee will be due and payable upon delivery of the
financial plan or completion of the agreed upon services. The asset-based fee will be due quarterly in
advance based on the value of the assets on which consulting is provided. The Firm does not, however, take
receipt of $1,200 or more in prepaid fees in excess of six months in advance of services rendered.
Investment Management Fees
Americana Partners offers investment management services for an annual fee based on the amount of assets
under the Firm's management. This management fee, which does not include the additional fees discussed
below, varies up to 200 basis points (2.00%), depending upon the size and composition of a client's portfolio
and the type of services rendered. Americana Partners' annual fee is billed and payable on a pro-rata basis,
quarterly in advance, based upon the market value of the assets being managed by the Firm on the last day of
the previous quarter. Adjustments will be made for deposits and withdrawals in excess of $50,000 during the
quarter. If the portfolio management agreement is executed at any time other than the first day of a calendar
quarter, Americana Partners' fees will apply on a pro rata basis, which means that the management fee is
payable in proportion to the number of days in the quarter for which you are a client. In the event the portfolio
management agreement is terminated, the fee for the final billing period will be prorated through the effective
date of termination, and the outstanding or unearned portion of the fee will be charged or refunded to the client,
as appropriate. The Firm's management fee is negotiable, depending on individual client circumstances.
Additionally, for asset management services the Firm provides with respect to certain client holdings (e.g.,
held-away assets, accommodation accounts, alternative investments, etc.), Americana Partners may negotiate
a fee rate that differs from the range set forth above.
Held Away Assets
For assets held at a custodian that is not directly accessible by our firm ("Held Away Accounts"), we may, but
are not required to, manage these Held Away Accounts using the Pontera Order Management System
("Pontera") that allows our firm to view and manage assets. Our annual fee for investment management
services for held away accounts will follow our portfolio management fee schedule and termination instructions
as noted above.
Our advisory fees will not be deducted directly from the accounts managed through the Pontera Order
Management System. The client does not pay an additional fee for Pontera. Fees will be based upon your
negotiated fee in accordance to our portfolio management fee schedule and your Agreement. Clients will give
written authorization to deduct the fee from an account managed by our firm, in which case, the advisory fee
would be deducted from the account each quarter. Further, the qualified custodian will deliver an account
statement to you at least quarterly. These account statements will show all disbursements from your account.
You should review all statements and invoices for accuracy.
We pay 0.25% from our advisory fee to Pontera. Due to the use of Pontera, you will not pay our firm a higher
advisory fee other than what is listed above.
Management Services to Pooled Investment Vehicles
Americana Partners, LLC serves as the Investment Manager or Investment Adviser to the Funds. Typically, the
Investment Manager or Investment Adviser is responsible for the management, operation and control of the
investment activities of the Funds, to the extent provided in the Partnership Agreement and Management
Agreement. The Investment Manager's primary functions will be to identify, analyze and select potential
Portfolio Investments.
Americana Partners, LLC charges a management fee or administration fee in accordance with the terms of
each Fund. You should refer to the offering documents for a complete description of the fees and other
relevant information associated with investing in the Funds. Generally, the management fees and
administration fees are between 0% and 0.65% of the investors' capital or capital commitment. The fees are
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