Aspire Private Capital LLC

Item 5. Fees and Compensation

Investment Management and Third-Party Managed Programs
Aspire’s annual investment advisory fee (“Advisory Fee”) for discretionary and/or non-
discretionary investment advisory services is negotiable and does not usually exceed 1.90% of the
total assets placed under Aspire’s management. The Advisory Fee applicable to each Client is
disclosed on the Advisory Agreement between the Client and Aspire.

Aspire may at times utilize the services of Sub-advisers to manage Clients’ accounts directly.
Aspire currently uses sub-advisers made available to Aspire and its clients under the GeoWealth
platform. On the GeoWealth Platform, Sub-advisers are referred to in the GeoWealth ADV Part
2A as “Third-Party Manager Models”.

On the GeoWealth platform, fees for GeoWealth’s services will be paid in the form of a “Platform
Fee” to be paid by Aspire from the Advisory Fee. The GeoWealth Platform Fee is a flat annual
amount that Aspire must pay plus an asset-based fee of 0.05% per year (i.e., 5 basis points).
GeoWealth charges a minimum Platform Fee of $50,000 per year. The Platform Fee is covered by
and paid from the Advisory Fee the Client pays Aspire. If the amount of accounts on the
GeoWealth platform exceeds 2000, Aspire must pay additional flat fees per account to GeoWealth.
This presents a conflict of interest in that Aspire has an incentive to reduce accounts on the

GeoWealth platform to minimize additional fees that Aspire may need to pay. Aspire mitigates
this conflict by ensuring that any account recommendations are in the best interest of the client.
Aspire also has a conflict of interest in that it has an incentive to recommend GeoWealth’s services
to its clients in order to achieve additional discounts on GeoWealth services. If Aspire manages
$500 million in assets on the GeoWealth platform, the asset-based fee due to GeoWealth reduces
to 0.04% per year (i.e., 4 basis points). Aspire ameliorates this conflict by reviewing GeoWealth
services and fees on an ongoing basis to ensure the recommendation to use GeoWealth is in the
best interest of the client.

If no platform provider or third-party adviser is used, Aspire pays no Platform Fee and therefore
retains the entire Advisory Fee. Some Third-Party Managers on the GeoWealth platform charge
Aspire additional fees for the use of their services. Fees and compensation for using the GeoWealth
platform and the Sub-advisers available on that platform are described in more detail in the
GeoWealth ADV Part 2A. Clients are also encouraged to review the document titled “GeoWealth
Model Marketplace” which identifies any special Platform Fees or other terms that Aspire has
negotiated with GeoWealth for the benefit of Our clients. The total fee charged to Aspire will vary
depending on the Sub-adviser used. As further described below, Aspire has an incentive to increase
the amount of client assets managed by GeoWealth to receive better pricing.

The client can terminate GeoWealth’s services at any time.

For accounts managed on the GeoWealth platform, Advisory Fees will be billed quarterly, in
advance, at the beginning of each quarter, based upon the agreed annual percentage rate. For
purposes of determining the client’s assets under management, any accounts owned by members
of a client’s household may, at the option of Aspire, be aggregated. Please note that some client
assets may be considered assets under management for purposes of calculating our fee even though
they would not be considered assets under management for purposes of regulatory reporting, as
referenced in Item 4 of this Brochure.

The Advisory Fee shall be based on the fair market value of the assets under management on the
last business day of the previous quarter (e.g., January through March billing statements are
transmitted approximately January 1 based on balance on December 31). Fees for services during
the initial quarter in which the account is opened shall be a prorated fee calculated according to
the days remaining in the quarter when the account is opened. If a client’s account is managed on
the GeoWealth platform, Advisory Fees charged for the quarter in which the deposit was made or
credits granted for the quarter in which the withdrawal was made shall apply to aggregate
transactions in the amount of $5,000 or more per business day, per account. The Advisory Fee on
amounts deposited during a quarter shall be prorated based upon the number of days remaining in
the quarter after the deposit and are assessed in arrears for the quarter in which the deposit was
made. Credits for withdrawals made during a quarter will be calculated and issued in the same
manner.

Because the Advisory Fee we charge is based on a client’s assets, a client should be aware that the
more assets that are in a client’s retail account, the more the client will pay in advisory fees. This
presents a conflict of interest in that we are incentivized to encourage clients to increase the assets

in their account. We address this conflict of interest by reviewing any such recommendation to
ensure it is in the best interest of the client.

Aspire retains the difference between the total Advisory Fee and the amounts, if any, paid to Sub-
advisers, platform providers or third-party managers. Assuming all other costs to Aspire for
providing advisory services are equal, Aspire has a conflict of interest in the form of an incentive
to minimize or eliminate those third-party costs. Detailed information regarding how these
conflicts arise is discussed in detail below.

For example, assuming Advisory Fees are equal, Aspire has an incentive to recommend that a
client’s account be managed directly by Aspire as opposed to by use of a Sub-adviser available via
one of the platform providers because, as described above, the Platform Fee for directly managed
accounts is generally lower than Platform Fees for accounts managed via a Sub-adviser. Aspire
...

Item 7. Types of Clients

Aspire generally provides services to the following types of clients:
       •   Individuals;
       •   High net worth individuals; and
       •   Corporations or other businesses.

Certain sub-advisers recommended by Aspire may have different account minimums, as
described in those sub-adviser’s respective disclosure brochures. If there is a conflict between
minimum investments shown in the Sub-adviser’s brochure and Exhibit, the latter should be
presumed accurate.