Ellevest Inc

Item 5 Fees and Compensation

Fees for Non-Sub-Advised Account Arrangements
Ellevest requires a minimum aggregate account balance of $1,000,000 for Private Wealth
Management services, and $500,000 for Personal Wealth Management services. There is no fee for
Ellevest’s financial planning consulting service so long as the minimum account balance is maintained.
However, more complex investment plans or financial planning service requests may incur a planning
fee. Such a fee will be negotiated in advance with the client.

There is no minimum account balance for clients to purchase financial planning services. Pricing for
financial planning services only can be found on our website at www.ellevest.com.

Advisory Fees for Ellevest’s advisory services vary depending on the particular investment services
requested but are generally as set forth below. Clients decide whether and how to retain Ellevest
based on their unique needs and circumstances. Ellevest reserves the right to negotiate different fees
for certain clients than what is specified below. Negotiated fees may differ based on factors, including
but not limited to, the type and size of the account, the historical and/or expected size and number of
investments for the account and the related services to be provided to the client.

Ellevest’s advisory fees are:
   Aggregate Account Balance                       Annual Fee
$500,000 to $1,000,000                125 basis points (1.25%) per year
$1,000,001 to $2,000,000              100 basis points (1.00%) per year
$2,000,001 to $3,000,000              95 basis points (0.95%) per year
$3,000,001 to $5,000,000              90 basis points (0.90%) per year
$5,000,001 to $7,000,000              80 basis points (0.80%) per year
$7,000,001 to $10,000,000             70 basis points (0.70%) per year
$10,000,001 to $15,000,000            65 basis points (0.65%) per year
$15,000,001 to $25,000,000            60 basis points (0.60%) per year
$25,000,001 to $50,000,000            55 basis points (0.55%) per year
$50,000,001 to $75,000,000            50 basis points (0.50%) per year
$75,000,001 to $100,000,000           40 basis points (0.40%) per year
$100,000,001 and above                35 basis points (0.35%) per year

The Advisory Fee will be prorated and billed quarterly in arrears, based upon the average daily
balance of the account at quarter end. In the event the written advisory agreement is terminated, the
Advisory Fee for the final billing period is prorated through the effective date of the termination and the
outstanding portion of the Advisory Fee is charged to the client.
Clients participating in Ellevest's Private Wealth Management and Personal Wealth Management
programs will be charged fees by Schwab as broker-dealer or custodian including but not limited to
asset-based fees, transaction fees, and custody fees. Charges for brokerage fees and custodial
services are detailed in the brokerage agreement that clients enter into separately with Schwab.
Ellevest may at its sole discretion, however, compensate clients for certain brokerage or third-party
fees.

Clients generally authorize Ellevest to have Schwab deduct the Advisory Fee, as specified by Ellevest,

directly from a client account, in accordance with applicable custody rules. It is the client’s
responsibility to review all statements received concerning her account and verify the accuracy of the
calculation of the Advisory Fee. In the event an account does not include a cash balance adequate to
pay the Advisory Fee, clients authorize Ellevest to determine which assets in the account will be sold,
and to liquidate these assets, without notice to the client, to pay the Advisory Fee and any other fees
due under the written advisory agreement. Payment of fees generally will be made first from client
assets in cash, next from the liquidation of cash equivalents, including shares of money market funds,
and finally from the liquidation of other investments in the account.

Fees for Sub-Advised Account Arrangements

Ethic, Inc.
Ethic, Inc., a Sub-Adviser recommended by Ellevest, requires a minimum account size of $250,000 for
the use of its sub-advised services, unless Sub-Adviser, in its sole discretion, agrees to a lesser
amount. Ethic charges their own advisory fees for managing client assets allocated. Such fees will not
exceed 0.30% per annum (the “Management Fee”). The Management Fee assessed for each Client
will be based on the Adviser Aggregate Value (defined below) unless an individual Client’s Client
Account Value (defined below) provides for a lower Management Fee for that Client. The Management
Fee is in addition to Ellevest’s fee described above.

The Adviser Aggregate Value will be calculated at the end of the calendar quarter and will be based on
the combined Client Account Values for all Clients for that quarter, as set forth on account records
maintained by the applicable Custodians.

The Client Account Value will be calculated at the end of the calendar quarter and will be based on the
average daily value of a Client’s account value for that quarter, as set forth on account records
maintained by the applicable Custodians. For the avoidance of doubt, the Client Account Value is
based on the value of a single account for each Client and is not an aggregate value of all accounts
held by a Client (e.g. not calculated at the household level).

The Management Fee shall be calculated by applying the annualized Management Fee pro rata to the
Client Account Value. The Management Fee will be automatically debited by the custodian from each
Client Account and remitted to the Sub-Adviser on a quarterly basis. Upon request, the Sub-Adviser
shall provide the Adviser with such further information as is reasonably requested regarding the
calculation of the Management Fee.

Breakpoint Table – Based on Adviser Aggregate Value
Adviser Aggregate Value                             Management Fee
...

Item 7 Types of Clients

Ellevest’s investment advisory services are generally offered to individuals, pension and profit-sharing
plans and charitable organizations. For Ellevest Private Wealth Management clients, there is a
minimum account size of $1,000,000, subject to reduction at Ellevest’s sole discretion. For Ellevest
Personal Wealth Management clients, there is a minimum account size of $500,000, subject to
reduction at Ellevest’s sole discretion.

Ellevest requires a minimum account size of $250,000 for a sub-advised account, unless Sub-Adviser,
in its sole discretion, agrees to a lesser amount.

Ellevest participates as an investment adviser in the Schwab Charitable program for donor-advised
fund accounts. Individuals with an account size of $250,000 or more may designate Ellevest to
manage their donor-advised fund account. However, should the asset level of the donor-advised fund
fall below $200,000 and remain below $200,000 for more than one year, the donor-advised account
will no longer be eligible for management by Ellevest and must be reinvested according to Schwab
Charitable program requirements.