Endeavor Advisors LLC

Item 5 – Fees and Compensation

The following paragraphs detail the fee structure and compensation methodology for services provided by the
Advisor. Each Client engaging the Advisor for services described herein shall be required to enter into one or more
written agreements with the Advisor.

A. Fees for Advisory Services
Family Office and Wealth Management Services
Family office and wealth management fees are paid monthly, at the end of each month, pursuant to the terms of the
family office and wealth management agreement. Family office and wealth management fees are based on the
market value of assets under management at the end of the month. Family office and wealth management fees range
from 0.30% to 1.50% annually based on several factors, including: the scope and complexity of the services to be
provided; the level of assets to be managed; and the overall relationship with the Advisor. Relationships with multiple
objectives, specific reporting requirements, portfolio restrictions and other complexities may be charged a higher fee.
Certain Clients may be billed according to legacy fee arrangements and methodologies. Additionally, in certain
instances, family office and wealth management Clients will be required to execute a separate standalone financial
planning agreement depending on the scope and complexity of financial planning services to be provided.

The family office and wealth management fee in the first month of service is prorated from the inception date of the
account[s] to the end of the first month. Fees may be negotiable at the sole discretion of the Advisor. The Client’s
fees will take into consideration the aggregate assets under management with the Advisor. All securities held in
accounts managed by The Advisor will be independently valued by the Custodian. The Advisor will conduct periodic
reviews of the Custodian’s valuations to ensure accurate billing.

Independent Managers – As noted in Item 4, the Advisor will implement all or a portion of a Client’s investment
portfolio utilizing one or more Independent Managers. To eliminate any conflict of interest, the Advisor does not earn
any compensation from an Independent Manager. The Advisor will only earn its investment advisory fee as described
above. Independent Managers typically do not offer any fee discounts but may have a breakpoint schedule which will

                                                     Endeavor Advisors, LLC
                                    2001 Timberloch Place, Suite 500, The Woodlands, TX 77380
                                                       Phone: 281-326-9902
                                                  https://endeavor-advisors.com/

reduce the fee with an increased level of assets placed under management with an Independent Manager. The terms
of such fee arrangements are included in the Independent Manager’s disclosure brochure and applicable contract[s]
with the Independent Manager. The total blended fee, including the Advisor’s fee and the Independent Manager’s
fee, will not exceed 2.00% annually.

Third-Party Options Manager– For Client assets managed by a third-party options manager, the third-party options
manager charges an annual fee of 0.50%, payable monthly in arrears. This fee may be lowered or waived by the
third-party options manager at its sole discretion.

Financial Planning Services
Endeavor typically offers financial planning services as a part of its family office and wealth management services.
Endeavor also offers standalone financial planning services for a fixed project-based fee ranging up to $50,000.
Financial planning fees may also be charged at an hourly rate ranging up to $350 per hour. Fees may be negotiable
based on the nature and complexity of the services to be provided and the overall relationship with the Advisor. An
estimate for total hours and overall costs will be provided to the Client prior to engaging for these services.

B. Fee Billing
Family Office and Wealth Management Services
Family office and wealth Management fees are calculated by the Advisor or its delegate and deducted from the
Client’s account[s] at the Custodian. The Advisor shall send an invoice to the Custodian indicating the amount of the
fees to be deducted from the Client’s account[s] at the respective month end date. The amount due is calculated by
applying the monthly rate (annual rate divided by 12) to the total assets under management with Endeavor at the end
of each month. Clients will be provided with a statement, at least quarterly, from the Custodian reflecting deduction of
the family office and wealth management fee. Clients provide written authorization permitting advisory fees to be
deducted by Endeavor to be paid directly from their account[s] held by the Custodian as part of the family office and
wealth management agreement and separate account forms provided by the Custodian.

Independent Managers – For Client accounts implemented through an Independent Manager, the Client’s overall
fees may include Endeavor’s investment advisory fee (as noted above) plus investment management fees and/or
platform fees charged by the Independent Manager[s], as applicable. In certain instances, the Independent
Manager or the Advisor may assume responsibility for calculating the Client’s fees and deduct all fees from the
Client’s account[s].

Financial Planning Services
Financial planning fees for standalone services may be invoiced up to fifty percent (50%) of the expected total fee
upon execution of the financial planning agreement. The balance shall be invoiced upon completion of the agreed
upon deliverable[s].

C. Other Fees and Expenses
Clients may incur certain fees or charges imposed by third parties, other than Endeavor, in connection with
investments made on behalf of the Client’s account[s]. The Client is responsible for all custody and securities
execution fees charged by the Custodian, as applicable. The Advisor's recommended Custodian does not charge
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Item 7 – Types of Clients

Endeavor offers investment advisory services to individuals, high net worth individuals, trusts, estates, businesses,
and retirement plans. Endeavor generally requires a minimum relationship size of $1,000,000 to effectively
implement its investment process, which may be waived or reduced at the Advisor’s sole discretion.