Evolution Wealth Advisors LLC

Item 5 – Fees and Compensation

Portfolio Management Services
We generally work with clients who will invest with EWA over $1,000,000 in investable
assets which can be reached within the first twelve (12) months of entering into the IAA.
Fees for our services are as follows:

Non-Wrap Fee Program Fees
Fees for clients in the non-wrap fee program are negotiable and can be up to 0.80%.
Fee calculations are based on factors that include, but are not limited to, the total value
of assets managed under the client relationship with EWA. The fees are payable
quarterly in arrears on the last day of the quarter and are charged as a fixed fee or a
percentage of assets under management, as determined by the terms agreed upon in
the IAA. Quarterly fees that are charged as a percentage of assets under management
are calculated as the sum of fees computed at the end of each month by EWA, based
on the month end market value, during the calendar quarter. Please note that the balance
your fee is based on may not match the statement you receive from the custodian due
to dividends, incoming contributions, outgoing withdrawals, settlement issues, etc.

The first quarterly payment will be prorated to cover the period from the date the account
is opened through the end of the calendar quarter. Thereafter, the fee will be calculated
based upon the market value of the account as of the close of business on the last
business day of each month of the calendar quarter and will be due and payable on the
last business day of each calendar quarter.

Wrap Fee Program Fees
Fees for clients in our wrap fee program will be a percentage of assets managed up to
1.25% for international clients and 0.95% for US clients. Such fees are negotiable for
clients whose assets managed under the client relationship with EWA exceed
$10,000,000. Please refer to the Evolution Wealth Advisors Wrap Brochure for further
details about the wrap fee program fees.

Private Funds Fees
When EWA recommends or invests client assets into Private Funds, EWA will charge a
management fee that will be calculated as a percentage of the value of the invested
capital, or the most current valuation available, and will be billed quarterly. Clients who
participate in the wrap fee program will be billed in advance or in arrears and clients who
participate in the non-wrap fee program will be billed in arrears. For fees paid in arrears,
the initial fee will be prorated to cover the period from the date of the investment through
the end of the calendar quarter. We bill you based on the original investment, or the
valuation indicated in the last statement as of the end of the billing period. The maximum
fee is 1.25% for international clients and 1.00% for US clients. Fees paid in advance are
computed based on the total market value of the portfolio at the end of the previous
quarter.

Due to the illiquid nature of these investments, sometimes we do not receive quarterly
valuations; therefore, whenever we receive an updated investment value, your fee will

be calculated accordingly. The amount of the fee will depend on considerations such as
the transaction’s complexity, the work performed by EWA, the expected return, and third-
party costs.

In addition to quarterly management fees, at the discretion of the Fund Manager, EWA
can also receive a portion of the performance fee (also called carried interest for Private
Equity Funds) charged by the Fund Manager. Our receipt of such carried interest is a
result of negotiation with the Fund Manager. We, at our discretion, distribute none, part
or the whole, carried interest to you, our client. These fees and their specific calculations
are disclosed in the Private Equity Fund’s Offering Documents and will be explained by
your EWA representative.

Limited Negotiability of Advisory Fees

Although EWA has established the fee schedules disclosed above, we reserve the option
to negotiate the fees on a client-by-client basis. In determining the fees, we will consider
the facts, circumstances, and needs of the clients. We will also consider the complexity
of the client, assets to be managed, anticipated future additional assets, related
accounts, portfolio style, account composition, and reports to be provided, among other
factors. We will provide the specific annual fee schedule in the contract between the
adviser and each client. Certain related client accounts will be grouped for the purpose
of reaching the minimum account size requirements and determining the annual fee.

Contracts may be terminated by either party with thirty days written notice. A pro-rata
refund will be made of all fees paid in advance of the accepted termination date. EWA
can invoice the client directly or have their fees directly debited from the custodian under
client authorization.

Non-Discretionary Consulting Services
In a non-discretionary consulting arrangement, the client will pay a fee which can be a
flat fee, or a fee computed on the total market value of the portfolio. Fees are negotiable
and payable monthly or quarterly in advance or in arrears based on the IAA for such non-
discretionary consulting services. Fees will be based and computed on the value of the
portfolio at the end of each month or quarter, or by dividing the annual flat fee over 12
months or four quarters.

Other Fees

The advisory fee does not cover charges imposed by third parties for investments held
in the account, such as contingent deferred sales charges or 12b-1 trails on mutual
funds, or performance/carried interest fees charged by private equity funds. In addition,
each mutual fund and private equity fund also charges asset management fees, which

are in addition to our advisory fees. Other fees charged by a mutual fund may also
include, but are not limited to, upfront sales charges and other fund expenses. The
advisory fee described above does not cover debit balances or related margin interest
...

Item 7 – Types of Clients

We provide advisory services to high-net-worth individuals, family offices, corporations
or other business entities, and foundations. For wrap accounts, we generally work with
clients who have $1,000,000 or more in investable assets with EWA which can be
reached within the first twelve (12) months of entering into the IAA. If after the first year
the account is below our minimum amount, we will assess a minimum yearly fee of
$12,500 (for non-US clients) and $9,500 (for US accounts) paid quarterly in advance or
in arrears based on the IAA. EWA has (and reserves the right to) waived its minimum
advisory fee for certain clients’ 401K Plans, children’s 529 Plans, clients with a long
history with the firm, etc. However, the decision to waive the minimum fee is ours and
will not be a uniform decision in each case. As noted, factors such as the client’s history
with the firm, as well as the time we feel we will need to be devoted to the client are
considered, among other factors.

Fees are negotiable for accounts over $10 million.