Ariadne Wealth Management LP

Item 5: Fees & Compensation
    How We Are Compensated for Our Advisory Services

    Comprehensive Wealth Management:

    Fees for our Comprehensive Wealth Management service will be based on an individual fee schedule
    for cost efficiency. All applicable fee schedules listed in the client agreement will be applied. The
    maximum annual fee charged for this service will not exceed 1.00%. Our Qualified Plan Asset
    Management fee, for our Pension Consulting Service, will be billed under the same fee schedules and
    will not exceed 1.00% for any Plan.

    Our firm’s fees are billed on a pro-rata annualized basis quarterly in arrears based on the time-
    weighted daily average value of client account during the previous quarter. Fees may be negotiable
    depending on the scope of the engagement. Unless otherwise agreed to in writing, fees will be
    applicable on cash and cash equivalents. Fees will generally be automatically deducted from client’s
    managed account, clients may elect invoice billing. As part of this process, the client is made aware of
    the following:

         a) The client’s independent custodian sends statements at least quarterly showing the market
            values for each security included in the Assets and all account disbursements, including the
            amount of the advisory fees paid to our firm;
         b) Clients will provide authorization permitting our firm to be directly paid by these terms. Our
            firm will send an invoice directly to the custodian; and
         c) If our firm sends a copy of our invoice to the client, legend urging the comparison of
            information provided in our statement with those from the qualified custodian will be
            included.

    Fees for third party management services will be separate and in addition to our firm’s advisory fee.
    These fees will be outlined in a separate agreement between client and the chosen manager.

    1Please note that our method for computing the amount of “client assets we manage” can be different from the method for computing “assets
    under management” required for Item 5.F in Part 1A of Form ADV. We have chosen to follow the method outlined for Item 5.F in Part 1A of
    Form ADV. If we decide to use a different method at a later date to compute “client assets we manage,” we must keep documentation
    describing the method we use and inform you of the change. The amount of assets we manage may be disclosed by rounding to the nearest
    $100,000. Our “as of” date must not be more than three months before the date we last updated our Brochure in response to Item 4.E of Form
    ADV Part 2A.

ADV Part 2A – Firm Brochure                                       Page 6                                        Ariadne Wealth Management, LP

    When Portfolio Monitoring is applicable, those fees will be billed on a pro-rata annualized basis
    quarterly in arrears based on the value of client account on the last day of the quarter. We will directly
    bill clients for this service, which is due and payable within thirty (30) days.

    Financial Planning & Consulting:

    Financial planning and consulting services are included in Wealth Management Fees for all clients.
    Clients must opt into these services. Additionally, we may provide ancillary Financial Planning or
    Consulting services for a flat, hourly, or asset-based fee. The exact terms and conditions of these
    arrangements shall be spelled out in the executed advisory agreement.

    Qualified Plan Asset Management:

    Fees for this service are billed as a fee based on the percentage of Plan assets under management. The
    total estimated fee, as well as the ultimate fee charged, is based on the scope and complexity of our
    engagement with the client. Fees based on a percentage of managed Plan assets will be billed quarterly
    in arrears and shall not exceed 1.00%.

    Account Monitoring & Reporting

    Where available, we will link outside account with our data aggregation software to provide clients
    with a wholistic picture of their financial portfolio. For this service we will charge a supplementary fee
    of 10 basis points of the outside account value.

    Bill Pay Services

    Service fees are $10,000 per year for the first entity and $5,000 per year for each additional entity
    within the client household. Costs include up to two authorized users per entity and 15 bill payment
    transactions per month. Transaction volume will be reviewed periodically; Ariadne reserves the right
    to modify service agreement with client approval due to high transaction volumes.

    Fees will be billed quarterly, in arrears, submitted for client approval through bill payment service.

    Other Types of Fees & Expenses

    Clients will incur transaction charges for trades executed in their accounts. These transaction fees are
    separate from our fees and will be disclosed by the firm executing the trades. Charles Schwab & Co.,
    Inc. (“Schwab”) and Interactive Brokers do not charge transaction fees for U.S. listed equities and
    exchange traded funds. Also, clients will pay the following separately incurred expenses, which we do
    not receive any part of: charges imposed directly by a mutual fund, index fund, or exchange traded
    fund which shall be disclosed in the fund’s prospectus (i.e., fund management fees and other fund
    expenses).

    Termination & Refunds

    We charge our advisory fees quarterly in arrears. If client wishes to terminate our services, they are to
    submit a letter stating their intention to cancel the advisory agreement. Upon receipt of client letter of
    termination, we will proceed to close out client accounts and charge a pro-rata advisory fee(s) for
    services rendered up to the point of termination.

ADV Part 2A – Firm Brochure                        Page 7                              Ariadne Wealth Management, LP
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Item 7: Types of Clients & Account Requirements
    We have the following types of clients:
       • Individuals and High Net Worth Individuals;
       • Trusts, Estates or Charitable Organizations;
       • Pension and Profit Sharing Plans; and
       • Corporations, Limited Liability Companies and/or Other Business Types

    Our requirements for opening and maintaining accounts or otherwise engaging us:
       • We require a minimum household balance of $10,000,000 for our Comprehensive Wealth
           Management service. This requirement may be waived on a case-by-case basis.

                               Item 8: Method of Analysis, Investment Strategies & Risk of Loss
    Our investment process integrates both quantitative and qualitative elements.

    The quantitative process is data-driven. We analyze current performance, back-tested performance,
    out-of-sample data, regression models, volatility, skew, kurtosis and more to understand how a
    strategy performs on its own as well as in a portfolio of different assets. We analyze the data to ensure
    a strategy is fulfilling its mandate and to keep our managers and ourselves accountable. We also look
    to quantitative research in trade and academic journals to ensure we are on the cutting edge of
    investing.

    The qualitative element of our investing process uses our expert judgment to remain skeptical. We
    always ask ourselves, “Why did this strategy have success?” and “Will that success persist in the
    future?” Occasionally we will encounter a strategy whose performance and data is strong, but its
    rationale is weak. Our qualitative judgment based on our many years of experience helps us parse
    through conflicting information.

    Once strategies have passed our quantitative and qualitative screens, we analyze the investment
    options available e.g. individual securities, institutional mutual funds, ETFs etc. We carefully weigh
    the various pros and cons of the of the investment solution. We also analyze the tax costs of the product
    to identify whether it is more appropriate in taxable or tax-deferred accounts. Identifying every client’s
    unique tax situation and by strategically placing suitable investments in their accounts helps increase
    after-tax investment returns.

    Risk of Loss

    Investors should be aware that all investing involves risk at some level. There is a myriad of investment
    risk levels ranging from conservative short-term highly rated U.S. Treasury bonds to volatile emerging-
    market stocks. Even when diversified portfolios are built using well-thought-out combinations,

ADV Part 2A – Firm Brochure                        Page 8                              Ariadne Wealth Management, LP

    investment risk persists. Below are specific risks pertinent to some types of securities or strategies
    that we recommend in client portfolios:

    Interval funds can expose investors to liquidity risk, and that risk is greater in funds that invest in
    securities of companies with smaller market capitalizations, derivatives or securities with substantial
    market and/or credit risk. Even though interval funds make periodic offers to repurchase a portion of
    outstanding shares, investors should consider interval fund shares to be an illiquid investment. There
    is no guarantee that investors will be able to sell interval fund shares at any given time or in the
    quantity that they desire. The price that shareholders will receive on a repurchase will be based on the
    per share NAV determined as of a specified date. This date will occur sometime after the close of
    business on the date that shareholders must submit their acceptances of the repurchase offer so
    investor may not know the exact price they will receive for their redemption when effecting the
    transaction. Additionally, this price may be subject to a redemption fee that further erodes the value
    of the position upon redemption.

    Hedge funds, commodity pools, Real Estate Investment Trusts (“REITs”), Business Development
    Companies (“BDCs”), and other alternative investments involve a high degree of risk and can be illiquid
    due to restrictions on transfer and lack of a secondary trading market. They can be highly leveraged,
    speculative and volatile, and an investor could lose all or a substantial amount of an investment.
    Alternative investments may lack transparency as to share price, valuation and portfolio holdings.
    Complex tax structures often result in delayed tax reporting. Compared to mutual funds, hedge funds
    and commodity pools are subject to less regulation and often charge higher fees and may require
    “capital calls” which would require additional investment. Alternative investment managers typically
    exercise broad investment discretion and may apply similar strategies across multiple investment
    vehicles, resulting in less diversification.

    Private Funds pool capital from a number of investors and invest in securities and other instruments.
    In almost all cases, a private fund is a private investment vehicle that is typically not registered under
    federal or state securities laws. So that private funds do not have to register under these laws, issuers
    make the funds available only to certain sophisticated or accredited investors and cannot be offered
    or sold to the general public. Private funds are generally smaller than mutual funds because they are
    often limited to a small number of investors and have a more limited number of eligible investors.
    Many but not all private funds use leverage as part of their investment strategies. Private funds
    management fees typically include a base management fee along with a performance component. In
    many cases, the fund’s managers may become “partners” with their clients by making personal
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