Item 5 – Fees and Compensation
The following paragraphs detail the fee structure and compensation methodology for services provided by the
Advisor. Each Client engaging the Advisor for services described herein will be required to enter into a written
advisory agreement with the Advisor.
A. Fees for Advisory Services
Stand-Alone Investment Management Services
Advisory fees for stand-alone investment management services are paid quarterly, in advance of each calendar
Concurrent Asset Management, LLC
100 S. Ashley Drive, Suite 830, Tampa, FL 33602
Phone: (813) 575-2652
quarter, pursuant to the terms of the advisory agreement or the sub-advisory agreement with an Other Advisor.
Investment advisory fees are based on the market value of assets under management at the end of the prior quarter.
Investment advisory fees range from 0.05% to 1.50% annually based on several factors, including: the scope and
complexity of the services to be provided; the level of assets to be managed; and the overall relationship with the
Advisor. Relationships with multiple objectives, specific reporting requirements, portfolio restrictions and other
complexities may be charged a higher fee.
The advisory fee in the first quarter of service is prorated from the inception date of the account[s] to the end of the
first quarter and is based on the market value of assets under management on the inception date. Fees may be
negotiable at the sole discretion of the Advisor. The Advisor typically offers a fixed annual rate fee schedule (as
detailed above). In certain circumstances, the Advisor may charge a fixed quarterly fee for its services. The Other
Advisor’s fees will take into consideration the aggregate assets under management with the Advisor across all Client
accounts, unless otherwise agreed in writing. It is expected that all securities held in accounts managed by CAM
will be independently valued by the Custodian. In the event market quotations are not readily available for certain
assets, CAM will determine the fair market value of such assets in good faith.
Clients may make additions to and withdrawals from their account[s] at any time, subject to CAM’s right to terminate
an account. Additions may be in cash or securities provided that CAM reserves the right to liquidate any transferred
securities or decline to accept particular securities into a Client’s account[s]. Clients may withdraw account assets
on notice to CAM, subject to the usual and customary securities settlement procedures. However, CAM designs its
portfolios as long-term investments, and the withdrawal of assets may impair the achievement of a Client’s
investment objectives. CAM may consult with the Other Advisors and/or Clients about the options and ramifications
of transferring securities. However, Clients are advised that when transferred securities are liquidated, they may be
subject to transaction fees, fees assessed at the mutual fund level (i.e., contingent deferred sales charge) and/or
tax ramifications.
Wealth Management Services – Given that the situation of each Other Advisor and level of discretionary authority
to be granted is different, the fees CAM charge for such services can vary and are customized based on Client
scope and circumstances.
CAM Configured TAMP
Fees for access to the Platform are charged quarterly ranging from 0.05% to 1.50% based on the size of the UMA
and scope of services to be provided. Fees are typically billed in advance of each calendar quarter, pursuant to the
terms of the applicable agreement. Fees for access to the Platform are based on the market value of assets under
management in the UMA at the end of the prior calendar quarter. Fees may be negotiable depending on the size
and complexity of the UMA.
OCIO Services
Fees for OCIO services range from 0.05% to 1.50% annually based on the scope of services to be provided;
alternatively, fixed fees may be charged. Fees are typically billed in advance of each calendar quarter, pursuant to
the terms of the applicable agreement.
Concurrent Series Feeder
Each Concurrent Series will pay a management fee to Proteus, a portion of which will then be paid to the Advisor
for its investment advisory services to the Concurrent Series. Advisor Clients who have invested in a Concurrent
Series will pay such management fees through their investments in the Concurrent Series in addition to the
advisory fees charged by the Advisor on their assets. This creates a conflict of interest, because the Advisor will
be incentivized to invest client assets in, or recommend for investment, one or more Concurrent Series in order to
generate additional fees for itself. No management fees are charged at the master fund level (such as the
Concurrent Private Markets Fund).
The applicable management fees will be set forth in each executed Series Investment Advisory Agreement.
Management fees for each Concurrent Series will be calculated on the amount of invested capital, as of the close
of business on the last business day of each month (or on the last day Proteus manages the Concurrent Series’
assets). Notwithstanding the foregoing, the management fees may be calculated less frequently than monthly, in
the discretion of Proteus. The management fees will be prorated for any units that are held by an investor for less
Concurrent Asset Management, LLC
100 S. Ashley Drive, Suite 830, Tampa, FL 33602
Phone: (813) 575-2652
than a full month, based on the actual number of calendar days remaining in such partial month divided by the
actual number of days in the month. Management fees will be paid on a monthly basis, or less frequently as
determined by Proteus.
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