Bfinance US Ltd

Item 5: Fees and Compensation

Manager Search and Selection Services
No fees are typically charged to our clients for the Firm’s manager search and selection process.
The fee to us is paid by the winning manager upon the funding. The fee paid by the winning
manager to the Firm is a fixed fee expressed in basis points and is applied to new inflows of
cash over the first three years. We believe that having a fixed fee reduces potential conflicts of
interest in the search process since the Firm will receive the same fee regardless of which
manager is chosen. The fee to be paid by the winning manager is disclosed to the client and to
all participating managers, prior to bfinance undertaking the search.

Other Services
Other services provided to the Firm’s clients, such as one-off advisory projects, are typically
charged on a flat one-off fee basis, whereas ongoing performance and risk monitoring services
are charged on a quarterly fee basis. The level and timing of the fees depend on the nature of
the work done and the service provided.

Types of Clients
We provide customized investment research and advice to institutional investors, including, but
not limited to, insurance companies, pension plans, sovereign wealth funds, endowments,
foundations, and family offices. Clients are typically limited to institutions and other
professional investors.

Account Minimum
As we do not manage client accounts, we have no minimum account size.