Centurion Wealth Management LLC

Item 5            Fees and Compensation
 INDIVIDUAL INVESTMENT MANAGEMENT FEES

 Clients pay an asset based annual fee (“Annual Advisory Fee”) for Investment Management Services. The Annual Advisory
 Fee is calculated based upon a percentage of assets under management. The Annual Advisory Fee is billed monthly, in
 arrears, and is calculated using the average daily balance. The Standard Fee Schedule is tiered, whereby the advisory fee is
 calculated by applying each tiered fee rate to the corresponding range of account market value within the portfolio. Fees will be
 debited from the account in accordance with the client authorization in the IMA.

 In addition to our advisory fees, clients are also responsible for the fees and expenses charged by custodians and imposed by
 broker dealers used to execute trades. Please refer to the "Brokerage Practices" section (Item 12) of this brochure for additional
 information.

 The Annual Advisory Fee paid to Centurion for investment advisory services is separate and distinct from the fees and expenses
 charged by mutual funds and/or ETFs to their shareholders. These fees and expenses are described in each fund's prospectus.
 These fees will generally include a management fee, other fund expenses, and a possible distribution fee. If the fund also
 imposes sales charges, a client may pay an initial or deferred sales charge.

 Centurion primarily invests in “no-load”, or load waived mutual funds. When feasible, Centurion selects institutional mutual fund
 share classes that typically charge lower underlying fees and expenses. A client could invest in a mutual fund directly, without
 our services. In that case, the client would not receive the services provided by our firm which are designed, among other things,
 to assist the client in determining which mutual fund or funds are most appropriate to each client's financial condition and
 objectives. Accordingly, the client should review both the fees charged by the funds and our fees to fully understand the total
 amount of fees to be paid by the client and to thereby evaluate the advisory services being provided.
                                                                                             CWM FORM ADV 2A JUNE 2026            6

Centurion treats cash as an asset class. As such, all cash positions (i.e., money markets, etc.) shall be included as part of
assets under management for purposes of calculating the Annual Advisory Fee. At any specific point in time, depending upon
perceived or anticipated market conditions or events (there being no guarantee that such anticipated market conditions/events
will occur), Centurion may maintain cash positions as part of the investment strategy. In addition, while assets are maintained in
cash, such amounts could miss market advances. Further, depending upon current yields, at any point in time, our Annual
Advisory Fee could exceed the interest received from the client’s money market fund.

Expenses related to the ordinary servicing of the Private Alternative Investment Contract (executed between the client and
third-party manager), including but not limited to, fund fees, security transaction fees, and/or platform fees shall be paid by the
Client to the Manager under the Contract. Other non-ordinary fees or fees incurred at the direction of the Client shall be paid by
the Client. The fees will not exceed any limit imposed by any regulatory agency. Specifically, CWM may direct clients to Private
Fund Managers for engagement with them for private alternative investment opportunities.
Standard Tiered Management Fee Schedule

                             Account Market Value                       Annual Advisory Fee
                               From $0 to $500,000                               1.35%
                         From $500,001 to $1,000,000                             1.20%
                        From $1,000,001 to $3,000,000                            1.00%
                        From $3,000,001 to $5,000,000                            0.85%
                        From $5,000,001 to $10,000,000                           0.70%
                              $10,000,001 to Above                               0.55%

         Account Market Value is calculated based on the average daily balance of assets in the account. As the market value of the account
         reaches a higher tier breakpoint, as shown in the table above, the assets within each tiered level are charged the corresponding
         Annual Advisory Fee, sometimes referred to as a “blended fee schedule.”

A minimum of $1,000,000 of assets under management is required for individual investment management services. Centurion
reserves the right to waive account minimums at is sole discretion. If a client withdraws funds from the advisory account by a
material amount that causes the total assets in the account to significantly fall below the referenced or negotiated minimum,
Centurion reserves the right to terminate the Advisory Agreement.

A client agreement may be canceled at any time, by either party, for any reason upon receipt of 30 days written notice. Upon
termination of any account, any prepaid, unearned fees will be promptly refunded.

Although Centurion has established the standard tiered management fee schedule, we retain the discretion to negotiate
alternative fee schedules on a client-by-client basis. The Client’s specific facts, circumstances, and needs are considered in
determining the fee schedule, which include the complexity of the client, assets to be placed under management, anticipated
future additional assets, related accounts, portfolio style, account composition, reports, and other factors. The specific
management fee schedule is identified in each client’s IMA.

Centurion offers a discretionary householding advisory fee program, sometimes referred to as “accounts related for fee billing
...

Item 7             Types of Clients
 Centurion advisory services are generally available to the following types of clients: high net worth individuals; individuals;
 clients holding joint accounts; retirement investors; pensions and profit-sharing plans (other than plan participants); corporations
 or other business entities residing in the United States.

 As previously disclosed in Item 5, our firm has established certain initial minimum account requirements, based on the nature of
 the service(s) being provided. A minimum of $1,000,000 of assets under management is required for individual investment
 management. Centurion reserves the right to waive account minimums at its sole discretion.

 Client relationships vary in scope and length of service. Centurion reserves the right to decline any new account or resign as
 adviser to any account after initiation of an investment advisory relationship for any reason at is sole discretion.

We also serve as a sub-adviser to special-purpose vehicles (SPVs) pursuant to agreements with certain
SPVs and their managers.