Beacon Pointe Advisors LLC

ITEM 5 - FEES AND COMPENSATION

Fee Schedule

Wealth Advisory Services

Beacon Pointe charges an annualized asset-based fee for our advisory services. Our fees will vary
by client based on the services provided and other relevant considerations. Fees are negotiable
and generally are charged based on a percentage of the market value of the portfolio under man-
agement. The specific fees and way fees are charged and calculated are described in the Advisory
Agreement between Beacon Pointe and the client.

The advisory fee for private clients generally ranges from 0.50% to a maximum of 1.50% of
assets under management, subject to a minimum quarterly fee of $1,250, and can be waived at
our discretion.

Generally, Beacon Pointe requires clients to maintain a minimum account size of $1 million but
reserves the right to reduce or waive the minimum account requirement at our discretion. The
advisory fees noted above do not include the investment management fees charged by Independ-
ent Managers. In some cases, the fees charged by the Independent Manager may be greater than
those charged by Beacon Pointe. Solely with respect to certain private fund investments made in
the past, clients have negotiated to pay a percentage of profits from such investments in lieu of a
management fee.

Many client relationships predate the implementation of Beacon Pointe's current fee schedule.
For this reason, clients' fees are sometimes higher or lower than those reflected in the previous

Beacon Pointe Advisors, LLC                                       March 2026

schedule or are subject to additional or differing terms. Moreover, legacy clients originating from
firms acquired by Beacon Pointe have fee schedules that differ from Beacon Pointe's standard fee
schedule, as most clients maintain their previous fee schedule. In some cases, a post-acquisition
/new Beacon Pointe client may be so connected to an acquired/legacy client that for asset house-
holding/billing purposes, it makes sense that both the new client and legacy client's fee schedule
reflects that of the legacy client. Once the clients sign Beacon Pointe’s Advisory Agreement, we
will work with the client to transition the fees to our standard procedure.

                                        Envestnet UMA

Beacon Pointe charges advisory fees to clients in the Envestnet UMA program. The advisory fees
are negotiable and charged based on a percentage of the market value of the portfolio under man-
agement, per a tiered fee schedule set forth in the agreement between Beacon Pointe and the
client.

Envestnet charges a tiered platform fee ranging from 0.02% to a maximum of 0.04% per account
per year. As assets on the Envestnet platform increase, the program fee decreases. However, there
is a minimum annual fee of $50 per account.

The Envestnet fees noted above do not include the investment management fees charged by In-
dependent Managers.

                                       Wrap Fee Program

As noted above in Item 4 Advisory Business Certain legacy clients of firms acquired by Beacon
Pointe participate in the Wrap Fee Program. The Wrap Fee Program is not offered to any new or
prospective clients of Beacon Pointe.

Beacon Pointe charges advisory fees to clients in the Wrap Fee Program. The advisory fees are
negotiable and are charged based on a percentage of the market value of the portfolio under man-
agement, per a tiered fee schedule set forth in the Advisory Agreement between Beacon Pointe
and the client. The Wrap Fee Program fee ranges from 0.50% to a maximum of 2.0% of assets
under management.

Client participation in the Wrap Fee Program will generally cost less than the same services would
for an account outside of the Wrap Fee Program, although the amount of savings will depend on
the volume of trading in the client’s account, advisory fees for unbundled services, and the cus-
todian transaction and execution fees charged for a non-wrap fee program account. Under the
terms of the Wrap Fee Program, Beacon Pointe will pay trading and execution costs imposed by
the custodian for transactions in the client’s account directly managed by Beacon Pointe. This
arrangement may present a potential conflict of interest for us, as we have a financial disincentive
to engage in active trading. However, transaction fees are not a material consideration for Beacon
Pointe in deciding whether to engage in any trading or the level of trading activity through the
custodian.

                              Participant Account Management (Dis-
                                           cretionary)

Beacon Pointe charges our standard advisory fee as described above under “Wealth Advisory
Services”.

Beacon Pointe Advisors, LLC                                       March 2026

                              American Funds F-2 Direct-at-Fund
                                         Program

Beacon Pointe charges an advisory fee to clients that ranges from 0.25% to 1.0% of value of the
assets invested in the American Funds F-2 Direct Program.

                                              SEI

Clients in the sub-advisory program through SEI pay a 0.08% fee, which is in addition to the
advisory fee paid to Beacon Pointe. This fee typically covers trading and transaction costs and
custodial fees. Clients on the SIMC platform will also incur other fees related to the investments
on the platform such as but not limited to mutual fund and ETF fees.

Consulting Services

Beacon Pointe charges either an annual retainer fee, project fee, or hourly fee, depending on
which types of consulting services are being provided. For ongoing consulting services, Beacon
Pointe charges an annual retainer fee. A tiered fee schedule is charged to each client based on a
percentage of the client’s assets under supervision.

For discretionary portfolios, the annual retainer fee generally ranges from 0.20% to 0.50% of
assets under supervision.
...

ITEM 7 - TYPES OF CLIENTS

Beacon Pointe generally provides investment advisory and consulting services to individual and
institutional clients. Institutional clients include trusts, estates, charitable organizations, corpora-
tions, pension and profit-sharing plans, state or municipal organizations, other business entities,
a proprietary closed-end interval fund, and Private Funds.

Account Requirements

Generally, Beacon Pointe requires clients to maintain a minimum account size of $1 million.
Significant fund withdrawals will result in a request for additional fund deposits, if necessary, to
continue with management of accounts. We generally combine family accounts to meet the ac-
count size minimum. Beacon Pointe reserves the right to reduce or waive the account minimum
requirements at our discretion.