Angeles Family Office LLC

Item 5. Fees and Compensation
AFO offers services on a fee basis, which includes fixed fees, hourly fees, fees based upon assets under
management or advisement and performance-based fees.

Financial Planning and Consulting Fees

AFO charges either a fixed fee or hourly fee for providing financial planning and consulting services under a
stand-alone engagement. These fees are negotiable, but range from $150,000 to $1,000,000, depending upon
the scope and complexity of the services and the professional rendering the financial planning and/or the
consulting services. The fee can be for a defined project, such as the delivery of a plan, or for ongoing services.
If the client engages the Firm for additional investment advisory services, AFO can offset all or a portion of
its fees for those services based upon the amount paid for the financial planning and/or consulting services.
These services and fees will often include services and fees to an affiliated entity of the Firm where the services
are not investment advisory.

Investment Management Fees

AFO offers investment management services for an annual fee based on the amount of assets under the Firm’s
management. This management fee varies between 25 and 100 basis points (0.25% – 1.00%). Alternatively
or additionally, the Firm may charge a fixed fee for the investment management services. The fees will be
individually negotiated and will depend upon the size and composition of a client’s portfolio, the type and
amount of services rendered and the individual(s) providing the services.

The annual fee is prorated and charged quarterly, in advance. Asset-based fees will be based upon the market
value of the assets being managed or advised on by AFO as of the beginning of the quarter. If assets are
deposited into or withdrawn from an account after the inception of a billing period, the fee payable with
respect to such assets are adjusted to reflect the interim change in portfolio value for flows that are over $100
and 25% on regulatory assets. For the initial period of an engagement, the fee is calculated on a pro rata
basis. Upon termination, any unearned fees paid in advance will be refunded pro rata.

Additionally, for asset management services the Firm provides with respect to certain client holdings (e.g.,
held-away assets, accommodation accounts, alternative investments, etc.), AFO can 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 AFO 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.

Item 7. Types of Clients
AFO offers services to individuals, trusts, estates, philanthropic organizations, corporations and other
business entities, and pension and profit sharing plans.

Minimum Account Value

As a condition for starting and maintaining an investment management relationship, AFO imposes a minimum
portfolio value of $15,000,000. The minimum is based on relationships so the Firm will factor in related
accounts and clients. AFO may, in its sole discretion, accept clients with smaller portfolios based upon certain
criteria, including anticipated future earning capacity, anticipated future additional assets, dollar amount of
assets to be managed, related accounts, account composition, pre-existing client, account retention, and pro
bono activities. AFO only accepts clients with less than the minimum portfolio size if the Firm determines
the smaller portfolio size will not cause a substantial increase of investment risk beyond the client’s identified
risk tolerance. AFO may, in its sole discretion, aggregate the portfolios of family members to meet the
minimum portfolio size.