Item 5 – Fees and Compensation
A. Fee Schedule for Advisory Service
Investment Management Services
Apollon Wealth charges an annual advisory fee based upon the assets under management or a flat dollar
fee that is agreed upon with each Client and set forth in an agreement executed by Apollon Wealth and
the Client. Assets under management fees range up to 2.00% annually. Accounts invested with Sub-
Advisors and in certain investment strategies will be subject to additional costs, as described below.
Additionally, accounts may be subject to an account minimum, as described in the specific Client’s IMA
with Apollon Wealth. The account minimum can cause the total annual effective fee rate to be higher than
2.00%. When an account minimum has been disclosed and agreed to in the Client’s IMA, the account
minimums are typically reviewed quarterly, based on the anticipated annual fee rate expected to be
received by Apollon. If the Client’s assets under management are below the minimum expected one
quarter and subsequently increase in value throughout the year, the total fee collected could be above the
agreed upon fee rate and the annualized account minimum.
Apollon Wealth’s advisor fees are negotiable and are based on several factors as described below. The
advisory fee for the initial quarter (or part thereof) is payable on a pro rata basis based on the initial value
of assets deposited into an account managed by Apollon Wealth and the number of calendar days in the
partial quarter and is paid in the month following the establishment of the Client account. For subsequent
quarters, the advisory fee is typically payable in advance, based upon the market value of the assets being
managed by Apollon Wealth on the last day of the previous billing period. In certain instances, based on
the specific investment management program that a Client invests, the Client may be billed in arrears
rather than advance and/or monthly rather than quarterly. Apollon Wealth charges a pro-rated amount for
new assets added during a quarter and credits any pre-paid fees for account withdrawals during a quarter.
Notwithstanding the foregoing, Apollon Wealth and the Client may choose to negotiate an annual
advisory fee that varies from the schedule set forth above. Factors upon which a different annual advisory
fee may be based include, but are not limited to, the size and nature of the relationship, the services
rendered, the nature and complexity of the products and investments involved, the amount of time
anticipated to be spent servicing the client, local office precedent based on historical fees charged to other
similar Clients, the amount of assets under management and travel requirements. The advisory fee
charged by the Advisor will apply to all the Client’s assets under management, unless specifically
excluded in the Client agreement. The advisory fee may include financial planning services described
above, or the Client may be charged separately for financial planning services, as agreed to in a separate
Financial Based Planning Agreement.
The advisory fee rate agreed upon in the Client Agreement can be modified, under the terms and
conditions of the Agreement.
Clients have five (5) business days from the date of execution of the Client agreement to terminate
Apollon Wealth’s services. The investment management agreement between Apollon Wealth and the
Client may be terminated at will by either Apollon Wealth or the Client upon written notice. Apollon
Wealth does not impose termination fees when the Client terminates the investment advisory relationship,
except when agreed upon in advance.
Apollon Wealth’s advisory fee does not cover mark-ups or mark-downs for fixed income transactions.
Fixed income transactions usually are cleared net, without any commissions. However, the broker-dealers
executing fixed income transactions typically assess mark-ups or other trading related costs that are
embedded into the price of the security allocated to Client accounts. Apollon Wealth’s fee also does not
cover transaction fees or “trade away” fees imposed for trades placed away from the custodians. External
Managers (or Sub-Advisors) of fixed income securities may trade through other broker-dealers to obtain
best execution. Apollon Wealth does not receive any portion of transaction fees charged by broker-
dealers.
The advisory fees described herein generally do not include fees charged by Sub-Advisors (also
referred to as “Sub-Manager(s),” or “External Manager(s)”). When a Sub-Advisor is hired to manage
Client assets, the Client is assessed an additional Sub-Advisor fee. The Sub-Advisor fee typically ranges
from 0.05% to 2.25% of the Client’s assets under management and is generally billed quarterly. Sub-
Advisor fees do not typically include the cost of custody, trading, and reporting fees. The Sub-Advisor
fees are paid solely to the Sub-Manager, Apollon Wealth does not retain any portion of the additional
Sub-Advisor fee. Sub-Advisory fees are deducted from the Client’s custodial account and Clients can
verify the fees by reviewing the account activity in their Custodial statement for management fees
assessed. Clients will be deemed to have approved the Sub-Advisor fees, unless they object by sending
written notice to Apollon Wealth within thirty (30) days from the date of the custodian statement showing
the cost. For additional information about the Sub-Advisor fees, the Sub-Advisor’s Form ADV, fact sheets,
or other information about the strategy, Clients should contact their Apollon Wealth Advisor.
Apollon Wealth also offers models where Clients are assessed a supplemental cost that Apollon Wealth
retains and that is in addition to the fee rate agreed to in the Apollon Wealth Investment Management
Agreement (IMA), including Apollon Wealth’s Direct Indexing Strategy and accounts managed by its CJ
Lawrence division. Clients invested in Apollon Wealth’s Direct Indexing investment strategy are assessed
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