Aperture Advisors LLC

Item 5: Fees and Compensation
A. Fee Schedule
Portfolio Management Fees
 Total Assets Under Management                                  Annual Fee
 $100,000 – $1,000,000                                          1.50%
 $1,000,001 – $5,000,000                                        1.25%
 $5,000,001 – $10,000,000                                       1.00%
 $10,000,000 and up                                             0.80%

AAL uses an average of the daily balance in the client's account throughout the billing period, after taking into
account deposits and withdrawals, for purposes of determining the market value of the assets upon which the
advisory fee is based.
These fees are generally negotiable and the final fee schedule will be memorialized in the client's advisory
agreement. Clients may terminate the agreement without penalty for a full refund of AAL's fees within five business
days of signing the Investment Advisory Contract. Thereafter, clients may terminate generally with 30 days' written
notice.

B. Payment of Fees
Asset-based portfolio management fees are withdrawn directly from the client's accounts with client's written
authorization on a monthly basis. Fees are paid in arrears.

C. Client Responsibility For Third Party Fees
Clients are responsible for the payment of all third-party fees (i.e. custodian fees, brokerage fees, mutual fund fees,
transaction fees, etc.). Please see Item 12 regarding broker-dealer/custodian.

D. Prepayment of Fees
AAL collects its fees in arrears. It does not collect fees in advance.

E. Outside Compensation For the Sale of Securities to Clients
Neither AAL nor its supervised persons accept any compensation for the sale of securities or other investment
products, including asset-based sales charges or service fees from the sale of mutual funds.

Item 7: Types of Clients
AAL generally provides advisory services to the following types of clients: ❖ Individuals ❖ High-Net-Worth
Individuals ❖ Charitable Organizations ❖ Corporations or Business Entities
There is an account minimum of $500,000, which may be waived by AAL in its discretion.