Item 5: Fees & Compensation
Compensation for Our Advisory Services
Comprehensive Wealth Management:
The maximum annual advisory fee charged for this service will not exceed1.00%. Fees to be assessed
will be outlined in the advisory agreement to be signed by the client. Our firm bills on cash unless
indicated otherwise in writing. Annualized fees are billed on a pro-rata basis quarterly in arrears
based on the time-weighted daily average of the quarter. Fees are negotiable and will be deducted
from client account(s). Our firm does not offer direct invoicing. Third party manager fees are in
addition to our advisory fees. Our firm will debit fees for this service as disclosed in the executed
advisory agreement between the client and our firm. This fee shall be in addition to any fees assessed
by the chosen third-party money manager. The third-party money managers we recommend will not
directly charge you a higher fee than they would have charged without us introducing you to them.
Third-party money managers establish and maintain their own separate billing processes over which
we have no control. They will directly bill you and describe how this works in their separate written
disclosure documents.
Special Purpose Vehicle Fees
When Elyxium acts as a managing member of a Special Purpose Vehicle (SPV), a flat fee may be more
appropriate. Such fees will be determined based on the facts and circumstances of the services
provided and must be agreed upon in writing by both parties.
Because our firm receives compensation for managing the SPV, the Firm has a financial incentive to
recommend that clients invest in the SPV. This creates a conflict of interest. Our firm addresses this
conflict by disclosing it to clients and making recommendations only when it believes the investment
is appropriate for the client.
Other Types of Fees & Expenses
Clients will incur transaction fees for trades executed by their chosen custodian, either based on a
percentage of the dollar amount of assets in the account(s) or via individual transaction charges.
These transaction fees are separate from our firm’s advisory fees and will be disclosed by the chosen
custodian.
Clients may also pay holdings charges imposed by the chosen custodian for certain investments,
charges imposed directly by a mutual fund, index fund, or exchange traded fund, which shall be
disclosed in the fund’s prospectus (e.g., fund management fees and other fund expenses), distribution
fees, surrender charges, variable annuity fees, IRA and qualified retirement plan fees, mark-ups and
mark-downs, spreads paid to market makers, fees for trades executed away from custodian, wire
transfer fees and other fees and taxes on brokerage accounts and securities transactions. Our firm
does not receive a portion of these fees.
ADV Part 2A – Firm Brochure Page 6 Elyxium Wealth, LLC
Termination & Refunds
Either party may terminate the advisory agreement signed with our firm for Asset Management
and/or Comprehensive Wealth Management services in writing at any time. Upon notice of
termination pro-rata advisory fees for services rendered to the point of termination will be charged.
If advisory fees cannot be deducted, our firm will send an invoice for due advisory fees to the client.
Commissionable Securities Sales
Representatives of our firm are insurance agents/brokers and they are licensed to accept
compensation for the sale of investment products to Elyxium Wealth, LLC clients. This presents a
conflict of interest and gives the supervised person an incentive to recommend products based on
the compensation received rather than on the client’s needs. When recommending the sale of
securities or investment products for which the supervised persons receives compensation, Elyxium
Wealth, LLC will document the conflict of interest in the client file and inform the client of the conflict
of interest. Clients always have the right to decide whether to purchase Elyxium Wealth, LLC -
recommended products and, if purchasing, have the right to purchase those products through other
brokers or agents that are not affiliated with Elyxium Wealth, LLC.
Commissions are not Elyxium Wealth, LLC’s primary source of compensation for advisory services.
Advisory fees that are charged to clients are not reduced to offset the commissions or markups on
securities or investment products recommended to clients.