Fees and Compensation
The Advisory Fee shall be payable quarterly in advance, as of the beginning of each calendar quarter and
shall be based on the total value of the assets listed on Schedule B of the Advisory Services Agreement on
the last day of the previous quarter. The initial Advisory Fee shall be based on the total value of the assets as
of the contract date. The Advisory Fee for any period that is less than a full calendar quarter, either at the
inception or termination of this Agreement, shall be prorated on a per-diem basis. The Advisory Fee does
not include brokerage commissions or other transactional charges, or any fees or charges of any affiliated or
unaffiliated advisor retained by Client or CapWealth. The Advisory Fee also does not cover certain costs
or charges that may be imposed by custodians or other third parties, including costs associated with
exchanging foreign currencies, odd-lot differentials, transfer taxes, exchange fees, wire transfer fees,
postage fees, and other fees or taxes required by law.
Clients will be assessed fees indicated on the table set forth below for the investment advisory services offered by
CapWealth. The Advisory Fee is payable each quarter in advance and is expressed as an annual rate on the fee
schedules set forth below. The quarterly rate will be approximately one-fourth of the annual rate. CapWealth will
provide an invoice to the client for all Advisory Fees.
Fee Schedule:
Investment Advisory Accounts
Assets Under Advisement Advisory Fee
Up to and including $100,000,000 .10%
$100,000,001 to $250,000,000 .09%
$250,000,001 to $500,000,000 .07%
500,000,001 to $750,000,000 .05%
$750,000,000 to $1,000,000,000 .04%
Over $1,000,000,000 .03%
CapWealth may increase or decrease the standard Advisory Fee, which is set forth in the schedule above,
in appropriate circumstances. The fee increase or decrease is based on a number of factors including, but
not limited to the following:
1) The anticipated services required by the client
2) The type and size of client assets
3) Services provided to the client assets
4) The client's other assets with CapWealth
5) The assets of the client’s family with CapWealth
6) CapWealth’s assessment of the potential future business the client may generate
The Advisory Fee may be higher or lower than the fees that CapWealth charges other clients. The fee may vary by
relationship and can be individually negotiated. Any increase in the Advisory Fee must be approved by the
CEO or President.
Termination of Agreement:
This Agreement shall remain in effect until terminated in writing. The client may terminate the Agreement
within five business days of its signing and receive a full refund of the initial Advisory Fee paid to
CapWealth. Thereafter, this Agreement may be terminated by either party upon 30 days written notice to the
other party. A pro-rata refund of the Advisory Fee will be made if the Agreement is terminated within a
billing period. However, termination will not affect the Client responsibilities under this Agreement for
Advisory Fees owed as a result of services rendered or costs incurred by Adviser. Upon termination, the
Adviser will have no further obligation under this Agreement to act for or advise the Client with respect to
Client’s assets.
Form ADV - Part 2A
CapWealth Insights, LLC (SEC No. 801-78769)
Performance-Based Fees and Side-By-Side Management
Neither CapWealth nor any of its investment professionals accept any performance-based fees.
Performance-based fees refer to fees that are based on a share of capital gains on or capital appreciation
of the assets of a client.
Form ADV - Part 2A
CapWealth Insights, LLC (SEC No. 801-78769)