Echelons Capital LLC

Item 5 Fees and Compensation
Portfolio Management Services
Our annual fee for portfolio management services varies between .35% to 1.25% depending upon the
market value of your assets under our management, the type and complexity of the asset management
services provided, as well as the level of administration requested either directly or assumed by the
client. Assets in each of your account(s) are included in the fee assessment unless specifically
identified in writing for exclusion.
Our annual portfolio management fee is billed and payable, monthly in arrears, based on the average
daily balance during the billing period.
Fees on alternative investments held away will be billed separately and are charged in arrears based
on the value at the end of the quarterly billing period. Due to the delay in the receipt of certain
alternative investment statements, fees billed on some of the alternative investments will be billed later
in the quarter.
Due to certain alternative fund year-end statements which are not required to be delivered for 120 days
after the quarter, clients invested in alternative investments fourth quarter fee may be billed in the
second quarter of the new year.
If the portfolio management agreement is executed at any time other than the first day of a calendar
quarter, our fees will apply on a pro rata basis, which means that the advisory fee is payable in
proportion to the number of days in the quarter for which you are a client. Our advisory fee is
negotiable, depending on individual client circumstances.
At our discretion, we may combine the account values of family members living in the same household
to determine the applicable advisory fee. For example, we may combine account values for you and
your minor children, joint accounts with your spouse, and other types of related accounts. Combining
account values may increase the asset total, which may result in your paying a reduced advisory fee
based on the available breakpoints in our fee schedule stated above.
We will deduct our fee directly from your account through the qualified custodian holding your funds
and securities. We will deduct our advisory fee only when you have given our firm written authorization
permitting the fees to be paid directly from your account. Further, the qualified custodian will deliver an
account statement to you at least quarterly. These account statements will show all disbursements from
your account. You should review all statements for accuracy.
You may terminate the portfolio management agreement upon 30 days written notice. You will incur a
pro rata charge for services rendered prior to the termination of the portfolio management agreement,
which means you will incur advisory fees only in proportion to the number of days in the quarter for
which you are a client. If you have pre-paid advisory fees that we have not yet earned, you will receive
a prorated refund of those fees.
Certain clients may utilize margin in their investment portfolio. The Firm’s fees are determined based
upon the value of the assets being managed gross of any margin or borrowing.
Sub-advisor Fees
As discussed above, sub-advisor fees will be outlined in the investment advisory agreement. Clients
utilizing Quantinno’s strategies will be subject to Quantinno’s separate investment management fee,

generally 0.40% annually, payable quarterly in advance, as described in Quantinno’s Form ADV Part
2A. Certain strategies with higher leverage or customization may be subject to higher fees. In addition,
clients bear brokerage, custodial, margin, and other account expenses. Quantinno’s fees are in addition
to any advisory fees paid to our firm. We do not receive any portion of Quantinno’s fees.
Financial Planning Services
We charge a fixed fee for financial planning services, which generally ranges between $3,000 and
$10,000. The fee is negotiable depending upon the complexity and scope of the plan, your financial
situation, and your objectives. We do not require you to pay fees six or more months in advance.
Should the engagement last longer than six months between acceptance of financial planning
agreement and delivery of the financial plan, any prepaid unearned fees will be promptly returned to
you less a pro rata charge for bona fide financial planning services rendered to date.
We will not require prepayment of a fee more than six months in advance and in excess of $1,200.
At our discretion, we may offset our financial planning fees to the extent you implement the financial
plan through our Portfolio Management Service.
You may terminate the financial planning agreement upon 30 days written notice to our firm. If you have
pre-paid financial planning fees that we have not yet earned, you will receive a prorated refund of those
fees. If financial planning fees are payable in arrears, you will be responsible for a prorated fee based
on services performed prior to termination of the financial planning agreement.
Consulting Services
We charge a fixed fee for consulting services. The fee is negotiable depending upon the complexity and
scope of the service and will be agreed upon and stated in the Consulting Service contract and are
payable either in advance or arrears based on the agreement with the client. We do not require you to
pay fees six or more months in advance. Any prepaid unearned fees will be promptly returned to you
less a pro rata charge for bona fide consulting services rendered to date.
Selection of Other Advisers
You may be required to sign an agreement directly with recommended Third Party Money Manager(s)
(“TPMM”). You may terminate your advisory relationship with the TPMM according to the terms of your
agreement with the TPMM. You should review each TPMM's brochure for specific information on how
you may terminate your advisory relationship with the TPMM and how you may receive a refund, if
applicable. You should contact the TPMM directly for questions regarding your advisory agreement with
the TPMM.
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Item 7 Types of Clients
We offer investment advisory services to individuals, including high net worth individuals, trusts,
charitable organizations, corporations and other businesses.
In general, we require a minimum of $5,000,000 to open and maintain an advisory account; however, at
our discretion, we may waive the minimums. We may also combine account values for you and your
minor children, joint accounts with your spouse, and other types of related accounts to meet the stated
minimum.