Dark Horse Advisors LLC

Item 5: Fees & Compensation
Compensation for Our Advisory Services
Portfolio Management Fees:
We provide portfolio management services for an annual fee based on a percentage of assets under
management. Fees are generally billed within the first few business days of the following month in
arrears, based on the average daily balance of the account during the billing period.
  Our standard tiered fee schedule is as follows:
                         Asset Under Management               Annual Advisory Fee
                                $0 to $1,000,000                    1.00%
                          $1,000,001 to $3,000,000                  0.80%
                          $3,000,001 to $5,000,000                  0.60%
                                $5,000,001 and up                   0.50%
  Note: This is a tiered schedule, meaning each rate applies only to the portion of assets within that
  tier. For example, a $2,000,000 account would pay 1% on the first million, 0.80% on the second
  million for a blended rate of .90%.
  Fees are negotiable at our discretion based on factors such as account size, complexity, and scope
  of services. In certain cases, fees may be structured as a fixed percentage or fixed fee, as agreed
  upon in writing.
  Fees are typically deducted directly from client accounts with client authorization. Clients may elect
  to be invoiced instead.
Financial Planning & Consulting:
We offer financial planning and consulting services for a fee based on the scope and complexity of
the engagement. Fees may be structured as:
  •    Hourly (not to exceed $350 per hour)
  •    Flat fee
  •    Ongoing or recurring fee
Flat and recurring fees generally range from $3,500. For more complex engagements, including multi-
family office or business advisory services, fees may be higher and can reach up to $100,000.
Payment terms are outlined in the client agreement and vary based on the type of service provided.
Hourly fees are billed in arrears as services are performed. Flat fees for financial planning services
are generally billed in advance and are based on the scope of the engagement, with services typically
delivered within 60 to 90 days. Ongoing financial planning services may be offered on a subscription
basis and are billed monthly in advance. The firm does not bill fees of $1,200 or more per client more
than six months in advance.

  ADV Part 2A – Firm Brochure                        Page 5                         Dark Horse Advisors, LLC

Clients may terminate planning engagements at any time. Unearned fees will be refunded on
a pro-rata basis based on the services performed through the date of termination.

Retirement Plan Consulting & Services Fees:
We provide retirement plan advisory and consulting services for employer-sponsored plans. Fees
may be structured as:
  •    A percentage of plan assets (generally ranging from 0.25% to 1.50% annually), or
  •    A flat fee (generally not to exceed $75,000 annually)
Fees are negotiable and depend on the scope and complexity of services. Fees are typically billed
quarterly in arrears and may be deducted from plan assets or invoiced, as agreed upon in writing.

Other Types of Fees & Expenses
Clients will incur additional fees and expenses charged by third parties, including:
   •    Custodian and brokerage fees
   •    Transaction charges
   •    Mutual fund and ETF expenses (expense ratios, management fees, etc.)
   •    Markups/markdowns, spreads, and other trading costs
   •    Wire transfer and account maintenance fees
These fees are separate from and in addition to our advisory fees. We do not receive any portion of
these fees.

Termination & Refunds
Either party may terminate an advisory agreement at any time with written notice.
Upon termination:
   •    Portfolio management fees are prorated through the termination date
   •    Unearned prepaid fees, if any, will be refunded promptly
   •    Any earned but unpaid fees will be due and payable
Financial planning and retirement plan engagements may also be terminated at any time, with fees
prorated based on services performed.
Important Disclosure: Lower fees for comparable services may be available from other advisers.

Item 7: Types of Clients & Account Requirements
Our firm offers advisory services to the following types of clients:
   •    Individuals and High Net Worth Individuals;
   •    Trusts, Estates or Charitable Organizations;
   •    Pension and Profit-Sharing Plans;
   •    Corporations, Limited Liability Companies and/or Other Business Types
The firm does not impose minimum account sizes for portfolio management; however, a minimum fee
of $3,500 is typically applied to financial planning services.

  ADV Part 2A – Firm Brochure                   Page 6                              Dark Horse Advisors, LLC