BBVA Global Wealth Advisors Inc

ITEM 5: Fees & Compensation

Advisory Services Fees & Compensation
GWA’s advisory clients agree to pay an asset-based advisory fee calculated according to the schedules indicated herein.
(Note: Wrap Fee Program clients should review GWA's Form ADV Part 2A Appendix 1 - Wrap Fee Brochure for information
about the fees associated with that advisory service.)

Fee Negotiation Availability
Advisory fees are negotiable up to the maximum annual rates listed herein, subject to certain limitations and approval by
GWA. The Adviser, in its sole discretion, can charge lesser fees or choose to reduce or waive fees for services based upon
specific criteria such as pre-existing client relationships, the number of related investment accounts, inception date, total
account assets under management, expected additional assets, anticipated future earning capacity, account composition, and
client negotiations, among others.

At GWA’s discretion, certain employee accounts or those for members of a client's family or otherwise can be assessed fees
based on the total balance of all accounts.

While GWA seeks to facilitate advantageous agreements for clients, to the extent fees are negotiable, some clients can pay
higher (more) or lower (less) fees than other clients for services than if they had contracted directly with another provider.
According to the selected advisory services, the final fee structures will be reflected in each client's written Client Agreement.
Lower fees for comparable services can sometimes be available from other sources. In all cases, clients are responsible for
any tax liabilities that result from any transactions.

    Regardless of fee negotiation availability, under no circumstances will a client be required to pre-pay a GWA advisory
                                 fee more than six months in advance, in excess of $1,200.

Non-Discretionary Portfolio Advisory Services Fees
Schedule of fees
GWA’s Non-Discretionary Portfolio Advisory Services fees are generally assessed using a tiered annual fee calculation.
The schedule of fees below identifies rates for various account value ranges based on the account size (i.e., the “assets under
management”):
                                           Schedule of Non-Discretionary Advisory Fees
                           Total Assets Under Management                                 Annual Fees
                                    $0 - $1,000,000                                      Up to 2.00%
                                $1,000,001 - $7,500,000                                  Up to 1.50%
                                     $7,500,001 +                                        Up to 0.90%
                          Note: Lower fees for comparable services can sometimes be available from other sources

Discretionary Portfolio Advisory Services Fees
Schedule of fees
GWA’s Discretionary Portfolio Advisory Services fees are also generally assessed using a tiered annual fee calculation.
The schedule of fees below identifies rates for various account value ranges based on the account size (i.e., the “assets under
management”):
                                              Schedule of Discretionary Advisory Fees
                           Total Assets Under Management                                 Annual Fees
                                    $0 - $1,000,000                                      Up to 2.30%
                                $1,000,001 - $7,500,000                                  Up to 1.80%
                                     $7,500,001 +                                        Up to 1.20%
                           Note: Lower fees for comparable services can sometimes be available from other sources

Use of Model Portfolios
For certain Discretionary Portfolio Advisory Services, GWA utilizes model portfolios provided by third-party Model Providers .
In these arrangements, the Model Provider provides a set of investment recommendations (a “Model”) which are then
implemented for your account.

Compensation to Model Providers and Custodians

As part of our Discretionary Portfolio Advisory Services, GWA may pay Model Providers for the use of their Models and
ongoing management of the Models, and GWA pays Custodians for platform services as follows:

    -​   A portion of the Discretionary Portfolio Advisory Fee charged by GWA may be paid to a Model Provider if the Model
         Provider’s Model is implemented for your account.
    -​   A portion of the Discretionary Portfolio Advisory Fee charged by GWA is paid to the Custodian as a platform fee for
         access to the Custodians platform and custody of your portfolio(s). This fee does not include other applicable
         custodial fees (see “Fees Charged by Other Financial Institutions” below.)

Additional details regarding fees for your account are available to you in your Client Agreement.

Conflicts of Interest
The use of third-party Model Providers creates several inherent conflicts of interest such as but not limited to:

    -​   Cost Minimization: Because GWA pays the Model Provider a portion of your Discretionary Portfolio Advisory Services
         fee, we have a financial incentive to select Model Providers with lower costs rather than those that may be most
         appropriate for your specific financial needs. We mitigate this conflict of interest by adhering to a strict fiduciary
         standard, utilizing an investment committee to select Model Providers based solely on objective performance metrics
         and client suitability rather than our internal cost structure.

    -​   Other Benefits & Support: Certain Model Providers may provide GWA with additional benefits, such as marketing
         support, technology subsidies, or complimentary attendance at conferences sponsored by the Model Provider. This
         creates an incentive for us to recommend a Model Provider based on the benefits we receive rather than the
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Types of Clients
GWA generally provides advisory services to individuals, high-net-worth individuals, businesses, and family offices.

Minimum Investment
We generally require a minimum investment size of $500,000 to open and maintain account(s) with us. We will charge 2% for
Non-Discretionary Advisory Services accounts if any account's average daily balance for the quarter falls below $500,000.
However, we reserve the right to reduce, increase, or waive the minimum investment size, terminate relationships that fall
below the minimum established requirements, require additional funds be deposited to bring a client relationship value up to
the required minimum or waive advisory fees and account minimums for employee, employee-related, or affiliate employee
accounts.

Certain investment products can require annual minimum fees or minimum asset levels for participation. We can also waive
account advisory fees or account minimums for employee, employee-related, and affiliate employee accounts. There are no
ongoing contribution requirements for client accounts. Clients should thoroughly review disclosure materials or brochures and
consult with their Financial Advisor about the implications of such minimum requirements before investing in such products.