Item 5 - Fees and Compensation
A. How is Belpointe compensated?
Fees charged are negotiable and may differ from client to client based upon services provided, investment strategies
utilized, the amount of assets to be managed, portfolio composition, the scope and complexity of the engagement, the
anticipated number of meetings and servicing needs, related accounts anticipated future additional assets, the
professional(s) rendering the service(s), prior relationships with Belpointe and/or your Advisor. Consequently, fee
structures may vary among clients with similar profiles. While Belpointe believes its fees are competitive and reflect the
value of the services provided, they may be higher than those charged by other firms for comparable offerings.
SEC NO. 801-69329
Belpointe and its Advisors are compensated in the following ways:
● Assets Under Management Fees
Advisory fees and the timing of assessment are negotiated between you and your Advisor. Fees can be charged as a
flat fee, fixed rate percentage, a linear fee percentage, or a tiered fee percentage structure but cannot exceed 2.5%
annually. Such advisory fees are based upon assets under management, generally including cash balances and
margin balances, if applicable (“AUM Fee”).
A new client will be charged a prorated fee for the initial quarter in which services are rendered. No AUM Fee
adjustment will be made during any quarter for appreciation or depreciation in the value of your assets.
You should discuss with your Advisor the exact fee schedule and timing as documented and agreed to by you in
your advisory agreement. You will receive a thirty (30) day notice in writing of any change to your fee schedule if
your fee will be increasing, but we have discretion for reducing fees without notice.
You should understand that the fee you negotiate with your Advisor can be higher than the fees charged by other
investment adviser representatives for similar services. This is the case, in particular, if the fee is at or near the
maximum fees rate set out above. Your Advisor is responsible for determining your fee based on factors, such as
the total amount of assets in the relationship, the complexity of the services, and the number and range of
supplementary advisory and client-related services to be provided. You should consider the level and complexity of
the consulting and/or advisory services to be provided when negotiating the fee with your Advisor.
● Hourly Fees
Hourly Fees are negotiable, agreed upon in advance between you and your Advisor and shall not exceed $500.00
per hour. Time is accrued in 15-minute intervals. Hourly Fees are invoiced and due within 30 days. You may
authorize us to debit Hourly Fees directly from your custodial account quarterly.
● Fixed Fees
Fixed Fees are negotiable, agreed upon in advance between you and your Advisor, and shall vary based on the
nature and extent of the services agreed to be rendered as between you and your Advisor. You may authorize us to
debit Fixed Fees directly from your custodial account quarterly.
● Financial Planning Fees
Fees for Financial Planning are determined at the time of engagement based upon the estimated time and effort
required and/or the nature and complexity of services and may be charged on an hourly or fixed fee basis. Your
Advisor may require prepaid fees equal to ½ the proposed fee. However, Belpointe will not collect fees in excess of
$1,200 for services to be performed six months or more in advance. Either party may terminate the Financial
Planning Agreement by written notice to the other. In the event you terminate Belpointe’s services, the balance of
Belpointe’s unearned fees (if any) will be refunded to you. Since Financial Planning services are a separate offering
from investment management, you may terminate one type of services you receive while retaining Belpointe’s
services for the other. You may authorize us to debit Financial Planning Fees directly from a non-qualified custodian
account.
● Retirement Plan Fees
ERISA and Non-ERISA Employer Retirement Plan Consulting and Managed Account Fees are subject to
SEC NO. 801-69329
negotiation and are charged on an AUM, fixed, or hourly basis. Belpointe provides plan-level consulting and
managed account services to retirement plans covered under ERISA. Fees may be charged quarterly or monthly in
arrears or in advance based on the assets as calculated by the custodian or record keeper of the plan’s assets (without
adjustments for anticipated withdrawals by plan participants or other anticipated or scheduled transfers or
distribution of assets). If the services to be provided start any time other than the first day of a quarter or month, the
fee will be prorated based on the number of days remaining in the quarter or month. If an agreement is terminated
prior to the end of the billing cycle, your fee will be prorated based on the number of days during the fee period
services were provided (if your fees are calculated in arrears) or you will receive a prorated refund of fees for days
services were not provided in the billing cycle (if your fees are calculated in advance). The fee schedule is described
in detail in Schedule A of your agreement. While the plan is ultimately obligated to pay the fees, the plan sponsor
may elect to pay the fees on the plan’s behalf. You may elect to be billed directly or have fees deducted from plan
assets.
● Educational Seminars/Workshops
Advisors provide educational seminars and workshops covering various financial and investment topics. These
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