Calamos Wealth Management LLC

Item 5: Fees and Compensation
PRIVATE WEALTH ADVISORY SERVICES
WEALTH ADVISORY PROGRAM
CWM shall have overall responsibility for the general supervision and management of accounts and shall
oversee any sub‐advisers. CWM will charge the following annual fees for accounts participating in the
Wealth Advisory Program:
            Up to $2,000,000 in assets under management             1.25%
            Next $3,000,000 in assets under management              1.00%
            Next $5,000,000 in assets under management              0.75%
            Over $10,000,000 in assets under management             0.50%

As described more fully above in Item 4 under the heading “Calamos Funds and The Use of Affiliated Sub-
Adviser”, CWM will waive its advisory fee with respect to any client assets invested in Calamos Funds.
Fees are based upon a percentage of assets under management, typically calculated at the end of each
calendar quarter and are normally payable quarterly in advance, based upon the market value of the
assets on the last business day of the previous quarter. We generally do not make any adjustments for
contributions or withdrawals from your account that occur during a quarter. Generally, some portion of
your account balance will be held in cash (i.e., money market funds), and that cash balance is included in
your fee calculation. At times, in a low yield environment, your fee will exceed your money market yield.
In addition, for clients utilizing margin or pledging assets for collateralized loans, CWM will include the
entire market value of the margined/pledged assets when computing its advisory fee. Fees will be
automatically deducted from your account, or you will be invoiced, depending upon your election. For
accounts that are billed in advance, upon termination any unearned fees for the quarter will be refunded
by CWM. For invoiced clients, a failure to remit payment within 90 days will result in an automatic
deduction from your account.
We utilize vendor supplied pricing that will, at times, differ from custodial pricing. You should review
your CWM statements and valuations and compare them to your custodian statements and call us with
any concerns.
Please review the disclosures below under the heading “Other Fees and Expenses Relating to Investing
with CWM” for more information about other fees and expenses that you may incur.

Calamos Wealth Management LLC
Form ADV Part 2A – Disclosure Brochure           PAGE 15                                      March 26, 2026

Please review Item 8 below for more information about our security selection practices as it relates to
transaction fees.
CALAMOS MANAGED MUTUAL FUND PROGRAM
CWM shall have overall responsibility for the general supervision and management of accounts and shall
oversee any sub‐advisers (sub-advisers applies only to CAL) for clients who, as of April 30, 2015, maintain
a sub-advised account. CWM will charge the following annual fees for accounts participating in the
Calamos Managed Mutual Fund Program:

            Up to $2,000,000 in assets under management                   0.50%
            Next $3,000,000 in assets under management                    0.35%
            Next $5,000,000 in assets under management                    0.25%
            Over $10,000,000 in assets under management                   0.20%

Certain legacy clients who engaged CWM’s services are grandfathered under a prior fee schedule. Fees
are based upon a percentage of assets under management, typically calculated at the end of each
calendar quarter and are normally payable quarterly in advance, based upon the market value of the
assets on the last business day of the previous quarter. We generally do not make any adjustments for
contributions or withdrawals from your account that occur during a quarter. Generally, some portion of
your account balance will be held in cash (i.e., money market funds), and that cash balance is included in
your fee calculation. At times, in a low yield environment, your fee will exceed your money market yield.
In addition, for clients utilizing margin or pledging assets for collateralized loans, CWM will include the
entire market value of the margined/pledged assets when computing its advisory fee. Fees will be
automatically deducted from your account, or you will be invoiced, depending upon your election. For
accounts that are billed in advance, upon termination any unearned fees for the quarter shall be
refunded by CWM. For invoiced clients, a failure to remit payment within 90 days will result in an
automatic deduction from your account.
We utilize vendor supplied pricing that will, at times, differ from custodial pricing. You should review
your CWM statements and valuations compared to your custodian statements and call us with any
concerns.
Please review the disclosures below under the heading “Other Fees and Expenses Relating to Investing
with CWM” for more information about other fees and expenses that you may incur.
Please review Item 8 below for more information about our security selection practices as it relates to
transaction fees.
CWM has set the pricing for the Calamos Managed Mutual Fund Program based partially on its affiliates
receipt of management fees from managing the Calamos Funds, which currently ranges from 0.30% to
1.25%. These are outlined in the prospectus that you receive, and are subject to change. As described
more fully above in Item 4 under the heading “Calamos Funds and The Use of Affiliated Sub-Adviser”,
CWM provides a waiver of its advisory fee on any Calamos Funds held in an IRA or a portfolio that is
subject to ERISA.

Calamos Wealth Management LLC
Form ADV Part 2A – Disclosure Brochure           PAGE 16                                      March 26, 2026

INSTITUTIONAL ADVISORY SERVICES
CWM shall have overall responsibility for the general supervision and management of accounts and
...

Item 7: Types of Clients
We provide wealth management services, including asset allocation, to high-net-worth individuals, family
offices, private foundations, guardians of persons and estates, custodians for individuals, retirement
plans for self‐employed persons and institutional plans such as defined benefit plans and those of
corporations. The minimum account sizes for our Private Wealth Advisory and Institutional Services
Programs are typically $1 million and $5 million, respectively, subject to our discretion to group certain
related accounts as described in Item 5. CWM, in its sole discretion, reserves the right to reduce or waive
its minimum account size.

Calamos Wealth Management LLC
Form ADV Part 2A – Disclosure Brochure            PAGE 19                                      March 26, 2026