Cibest Capital Advisory Services LLC

Item 5 – Fees and Compensation
Basic fee schedule:

The specific manner in which fees are charged by Adviser is established in each client’s written agreement
with Adviser. Generally, and pursuant to contract, fees for the management of Accounts will be based
upon a percentage of the total assets in the account (including margined assets). Adviser typically receives
an annual management fee for all advisory services, between 0.40% and 3.00% of the net asset value of
the Account, whether they are managed on a discretionary or non-discretionary basis. All fees are
negotiable. For accounts that maintain a sub-advisory arrangement, the client will not incur a separate fee
from the third party serving as sub-advisor. The Adviser will forward a percentage of the advisory fee
received as stated in the Investment Advisory Agreement to the sub-adviser, as applicable, and agreed
upon with the client. Specific fee exclusions and arrangements with the affiliated sub-advisor will be
outlined in their agreement with Cibest, however, the client will not be charged a separate fee if their
account maintains a sub-advisory agreement.

Calculation and Deduction of Advisory Fees

With respect to accounts that Adviser manages on a discretionary or non-discretionary basis, clients are
generally required to pre-authorize the Adviser and/or their custodian to directly debit management fees
from client accounts on a monthly or quarterly basis, depending on the custodian’s capacity, in arrears.
Should the calculation or payment structure related to advisory fees differ from the process outlined herein,
respective fee arrangements will be outlined in the Investment Advisory Agreement between the Adviser
and each client.

A client may pay more or less fees than similar clients depending on the particular circumstances of the
client, size, additional or differing levels of servicing or as otherwise agreed with specific clients. Clients
that negotiate fees, including a flat fee, may end up paying a higher fee than that set forth above as a result
of fluctuations in the client’s assets under management and account performance.

Clients may terminate their contracts without penalty, for full refund, within 30 business days of signing
the advisory contract. Advisory fees are withdrawn directly from the client’s accounts with client written
authorization.

Compensation for the Sale of Securities

Some of Adviser’s supervised or associated persons accept compensation for the sale of securities or other
investment products, including asset-based sales charges or service fees from the sale of mutual funds, in
their individual capacities as registered representatives of Adviser’s affiliated broker-dealer Cibest Capital
Securities, LLC (“CCS”). Supervised or associated persons of Adviser not registered or associated with
CCS do not receive such compensation in connection with accounts managed or advised by Adviser.

Rebates and/or Trailer Fees
Cibest’s IARs are also dually associated as registered representatives with our affiliate broker-dealer CCS
and in this capacity IARs receive additional compensation related to advisory assets in the form of
referrals fees and rebates/trailer (commonly referred to as 12b-1fees), from mutual funds companies in

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which the IARs invest your money. Although the funds where Cibest invest are institutional class funds,
there are some other funds where the trailer fees are received by CCS and shared in varying portions with
IARs of Cibest in their registered representative capacity. The receipt of trailer fees creates a conflict of
interest and material incentive for your IAR to recommend purchases of mutual funds with rebate
arrangements with the Adviser and its affiliates.

An IAR’s receipt of rebate or trailer fees in association with advisory activities is considered a material
conflict that requires clear disclosure to you since your IAR is permitted to select a share class of a mutual
fund that pays a rebate or trailer (which is passed on to the IAR by CCS when another less costly share
class that does not pay a trailer fee is available) provided related disclosures are made available
accordingly. It should be noted that certain mutual funds that do not pay rebates or trailers often maintain
a higher return than mutual funds that do pay rebates or trailers since mutual funds that do not pay rebates
or trailers have reduced additional cost of paying the rebates or trailers. This lower cost can equate or
lead to higher overall returns for such mutual funds although returns and performance cannot be
guaranteed.

Further disclosures in regard to your IAR and receipt of additional compensation are available via review
of each IAR’s Form ADV Part 2B, “Brochure Supplement”, which is available upon request. While
receipt of such trailer compensation by your IAR may be deemed acceptable by you based on negotiated
advisory fees, please note if you are not comfortable with this compensation structure and conflicts of
interests, please contact your IAR to discuss additional options and alternatives.

Additional Fee Information

Clients may authorize the Adviser to directly debit management fees from client accounts on a monthly
or quarterly basis. In such instances, management fees are prorated for each capital contribution and
withdrawal made during the applicable calendar month or quarter. Accounts initiated or terminated during
a calendar month, or quarter will be charged a prorated fee.

Alternatively, in some instances, clients may receive an invoice for fees, in which they may choose to pay
Cibest directly for its billed fees for the relevant period.

Except for wrap programs, Adviser’s fees are exclusive of brokerage commissions, transaction fees, and
other related costs and expenses which shall be incurred directly by the client. The impact of mark-ups
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Item 7 - Types of Clients

Cibest provides asset and/or portfolio management services to individuals, institutions and corporations.
The minimum dollar value for establishing an Account is generally $100,000. Initial investments of a
lesser amount may be accepted at Adviser’s discretion.