Columbia River Advisors LLC

Item 5: Fees & Compensation

Portfolio Management Fees
The following information applies to all of our portfolio management services. Clients who came to CRA from advisory
firms we acquired may have previously established fee schedules that are "grandfathered" in — those aren't available to
new clients. For new CRA clients, we offer an asset-based fee arrangement as described below. Fees are charged in
advance of the service and are pro-rated for accounts opened or closed during a calendar quarter (upon request, CRA
may agree to charge fees in arrears). CRA doesn't independently value securities held in the accounts we advise.

Asset-Based Fee on All Household Account Assets
Each Client agrees to pay CRA an annual fee, billed quarterly, in advance of the service. Fees are calculated based on the
daily average value of your account(s) over the previous calendar quarter, as calculated by our back-office system,
Orion.
If the value on your custodial statements looks different from your CRA fee invoice, that's expected — it's because we're
billing you on the average daily value over the most recent quarter, not a single end-of-month or end-of-quarter
snapshot like the broker/custodian typically shows on their statements.
Fees are negotiated between you and your IAR and documented in your PMA. The factors we consider when negotiating
include: (a) the number of accounts in your household; (b) the size of the overall relationship; (c) the opportunity for
additional contributions; (d) any investment restrictions you've placed; and (e) meeting and reporting requirements,
among others.

Fee Schedule
CRA charges an asset-based fee of up to 1.50% annually on all household account assets, which is negotiable between
the client and the IAR. While CRA no longer offers tiered fee schedules to new clients, certain legacy clients—primarily
from prior firm acquisitions—continue under previously established tiered arrangements.
Financial Planning / Consulting Fees
Clients who have signed a Portfolio Management Agreement with CRA can receive a Limited or Comprehensive Financial
Plan at no additional fee. If you haven't signed a PMA and want a financial plan, we'll enter into a separate Financial
Planning Agreement. Most financial planning and consulting engagements are billed as a fixed fee. Because fees are
negotiable, an hourly arrangement is also available if you and your IAR agree to it. Fees for those services are as follows:
    •   Fixed Fees: Range from $1,500.00 to $10,000.00, though fees outside this range may be agreed to in writing.
        These are negotiated between you and your IAR. There is a minimum fixed fee of $1,500.00, with 50% due at
        execution of the planning agreement and 50% due upon delivery of the completed plan.
    •   Hourly Fees: If you and your IAR agree to an hourly arrangement instead, hourly rates range from $150.00 to
        $500.00 per hour, billed in 15-minute increments. If your arrangement is hourly only, we'll bill you monthly
        showing the time spent.
401(k) and Retirement Service Fees
Fees for retirement plan services are based on the aggregated assets of the plan and are determined on an asset-based
fee basis as described above. Some clients from EAM prior to our acquisition have fee schedules that differ from the
above. Fees are charged in advance and are pro-rated for relationships established or closed during a quarter. Specific
fees are identified in the agreement we enter into with you.
Direct Debit
We prefer that you authorize us to deduct our advisory fees directly from your custodial account(s). If you do, we send a
debit request to your broker/custodian, who then sends the fees to CRA. We provide you with a statement reflecting: (a)
the assets on which the fee is based; (b) the annual fee charged; (c) the calculation method (pro-rated for the days the
service was provided); and (d) the total amount due for the period. Some legacy CRA clients elect to pay by check; these

Columbia River Advisors, LLC | SEC CRD #154571

clients are grandfathered into this payment method, which is no longer generally offered.

Valuations
For securities that trade on an exchange or are actively traded, your broker/custodian provides account values for
performance and fee calculation purposes. All valuations are provided by Charles Schwab & Co., Inc., or in the case of
Private Funds, directly from the Fund itself. CRA doesn't independently value securities held in your account. See Item
12 for more details.
Illiquid Securities
Certain alternative investments — such as non-traded REITs, Delaware Statutory Trusts (DSTs), private equity funds, and
other investments not traded on public markets — are called "Illiquid Securities." Examples of such investments may
include private funds or other structured alternative investments held by certain clients. As of this filing, Ashbridge
Transformation Secondaries Fund II and Apollo AAA are among the Illiquid Securities that some of our clients hold.
Illiquid Securities may be appropriate for your account based on your risk tolerance, but they are not easily converted to
cash and are difficult to value; redemptions may not be allowed by the issuer. When redemptions are available, the
dollar amount is determined by the issuer or underwriter. These securities may not be held at your broker/custodian but
can be included in reporting through Orion. Values are only updated when the issuer provides updated balances or
statements. Unless the subscription documents state otherwise, Illiquid Securities are part of your overall portfolio with
CRA and are included in the portfolio management fee calculation under your PMA.
CRA doesn't review or approve valuations of Illiquid Securities provided to clients or Orion, and does not independently
value securities in your accounts.
Other Compensation — Insurance
If your IAR sells an insurance product sponsored by an insurance company, that company will pay your IAR a commission
...

Item 7: Types of Clients & Account Requirements

CRA generally provides investment advisory services to individuals, including high-net-worth individuals (assets
exceeding $2.7 million). To a lesser extent, we also work with pension and profit-sharing plans, private funds,
corporations, and other business entities.
For Portfolio Management Services, we have a minimum account requirement of $250,000.00, which may be reduced at
our discretion.