Fees and Compensation — Form ADV Part 2A (3/22/2018)
[Brochure]
Item 5. Fees and Compensation
Edge is paid for advice and on-going due diligence to achieve client objectives, not transactions.
As is noted in the investment advisory contract signed by each client, the client will pay Edge a
quarterly management fee, payable in arrears, based on the average quarterly balance in the
client account(s) managed by the advisor based on most recently available pricing at the time of
billing. In unusual situations, at the request of a client, Edge may be paid by the client in
advance. For situations where the client pays the management fee to Edge in advance but
chooses to terminate their relationship prior to the completion of the quarter, the prepaid fee will
be prorated and the client will be entitled to any unearned portion of the fee. Any deviation from
Edge’s normal compensation arrangement will be clearly noted in the client’s investment
advisory contract or limited partnership subscription document (which will be signed by both
Edge and the client). These fees may be negotiated by Edge depending on the circumstances
surrounding the client’s account (i.e. the asset allocation). Any deviation from the stated fee
schedule will be at the sole discretion of Edge. The quarterly management fee will be
automatically deducted from the client account on a quarterly basis unless otherwise agreed
upon by the client and Edge.
All fees paid to Edge for investment advisory services are separate and distinct from the
expenses charged by any funds to the shareholders. These fees are described in each fund’s
prospectus or offering document. Fees charged by a fund typically will include a management
fee as well as other fund expenses, possibly to include a distribution fee or a fee related to the
performance of the underlying fund. In addition to fees paid for investing with independent third-
party managers, clients may also pay fees charged by their brokerage firm or custodian. These
fees may include commission charges for transactions and custody fees. [See Item 12.
Account Minimums and Types of Clients — Form ADV Part 2A (3/22/2018)
[Brochure]
Item 7. Types of Clients
Edge’s client base currently consists of high net-worth individuals (who may use trust or other
complex structures to hold their assets), corporations, defined benefit plans (both private and
governmental), profit sharing plans, endowments, and charitable foundations. Edge also acts
as an investment manager for investment funds that are registered under the Investment
Company Act of 1940 and funds that are exempt from such registration. Although Edge
reserves the right to make exceptions, Edge normally requires an initial account value of a
minimum of $3,000,000.