Everest Private Wealth

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
Investment Management Services
Investment advisory fees are paid quarterly, at the end of each calendar quarter, pursuant to the terms of the investment
advisory agreement. Ongoing investment advisory fees are based on the fair market value of portfolio assets under
management on the last day of the calendar quarter. Investment advisory fees range up to 0.95% annually based on
several factors, including: the scope and complexity of the services to be provided; the Client’s investment
goals/objectives, 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. Additional services, at the request of the Client, would be billed at an hourly rate of $300 per hour or other negotiated
fixed fee. Examples of this include transition assistance during life events such as divorce or death. Everest will notify
the Client prior to when this fee would apply.

Basic Package– Annual investment advisory fee of up to 0.85% of assets under management with minimum quarterly
fee of up to $4,250. Assets used for billing will include those directly under the Advisor’s influence at the Custodian as
well as additional assets not held at the Custodian, such as 401k accounts, variable annuities, which are also under the
Advisor’s oversight.

Concierge Package– For high-net-worth clients, assets directly under the Advisor’s influence at the Custodian, as
well as additional non-discretionary assets that are not held at the Custodian but under the advisor's oversight, an
AUM-based fee will be charged. Depending on the needs of the client, the Advisor will also provide ongoing estate
planning, tax strategy, and investment consulting for assets that are not under the advisor's oversight and are not
included in the AUM calculation. For such relationships, a quarterly minimum fee that ranges from $10,625 up to
$50,000 will apply. The fee charged will be either the AUM-based fee or the minimum quarterly fee. The services
takes into account information collected from the Client, such as financial status, investment objectives, and tax
status, among other data. The minimum quarterly fee is negotiable and will be commensurate with the complexity of
the advice being delivered and the time commitment this entails for the advisor.

In addition, both the ‘Accumulation Phase Portfolio Solution’ and the ‘Concierge Service’ entail a one-time financial
planning and transition fee of $3,000 will be due upon signing the contract. This includes one or more of the following
services, depending on the needs of the client – Tax Sensitive transition guidance, Risk Tolerance Assessment, Cash
Flow Assessment, Financial Goals Assessment, establishment of account[s] at the custodian, and Investment Policy
Statement (“IPS”) Development. The Client will incur charges for bona fide advisory services rendered to the point of
termination, and such fees will be due and payable by the Client. Upon termination, the Client shall be billed for the
percentage of the engagement scope completed by the Advisor.

Fee Calculation – The investment advisory fee in the first quarter of service is prorated from the inception date of the
account[s] to the end of the first quarter. 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 Everest will be independently valued by the Custodian. The Advisor will conduct periodic reviews of the
Custodian’s valuation to ensure accurate billing.

The Advisor’s fee is exclusive of, and in addition to any applicable securities transaction and custody fees, and other
related costs and expenses described in Item 5.C below, which may be incurred by the Client. However, the Advisor
shall not receive any portion of these commissions, fees, and costs.

As noted in Item 4, the Advisor may 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 reduce the fee with an
                                                    Everest Private Wealth
                                    10080 N. Wolfe Road, Suite SW3-200, Cupertino, CA 95014
                                     Phone: (408) 502-6015 | https://everestprivatewealth.com

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.

Financial Planning and Retainer Services
Financial planning and consulting services may be included in an overal investment advisory engagement or billed
under a separate agreement and fee. The following services are billed as one-time planning fee under a separate
agreement with the Advisor:

Retirement Scenario Analysis – Available for a $2,000 planning fee or included as part of the Accumulation Phase
portfolio.

Educational Funding Analysis – Available for a $2,000 planning fee.

Custom Analysis – Available for a planning fee that ranges from $500 to $5,000 based on the scope and complexity
...

Item 7 – Types of Clients

Everest provides personalized confidential financial planning and investment management services to individuals,
high-net-worth individuals, trusts, estates, and small businesses. Client relationships vary in scope and length of
service. A minimum of $2,000,000 of assets is recommended for the ‘Basic Package’. When a relationship falls below
the minimum, the minimum quarterly fee of up to $4,250 is charged. A minimum of $5,000,000 of assets is
recommended for the ‘Concierge Package’. When a relationship falls below the minimum, the minimum quarterly fee
of $10,625 is charged. Everest, at its sole discretion, may waive or reduce these minimums. Accounts of less than
$2,000,000 may be set up when the Client and the Advisor anticipate the Client will add additional funds to the
account[s], bringing the total to $2,000,000 within a reasonable time. Other exceptions will apply to employees of
Everest and their relatives, or relatives of existing Clients. Clients with assets below the minimum account size may
pay a higher percentage rate [or fixed fee] on their annual fees than the fees paid by Clients with greater assets under
management.