Evolve Private Wealth 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
Wealth Management Services
Wealth management fees are paid monthly, in advance of each month pursuant to the terms of the wealth
management agreement. Wealth management fees are based on the market value of assets under management at
the end of the prior month. Wealth management fees range up 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.

The 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
Evolve 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.

The Advisor may provide investment advice with respect to private funds, private placements, alternative investments,
and other securities or assets for which market quotations or updated valuations are not readily available. These
investments are generally valued based on information provided by the applicable fund sponsor, general partner,
manager, administrator, custodian, or other third-party source. The Advisor does not independently value these
investments and generally relies on the most recently available valuation information provided by such third parties.

Due to the nature of private funds and other alternative investments, updated valuations may be provided on a
delayed basis and may not be available as of the date the Advisor calculates advisory fees. In instances where the
valuation of an alternative investment is delayed, the Advisor will calculate and debit its advisory fee based on the
most recently available valuation. Any necessary adjustments, including additional fee debits or fee credits/refunds,
will generally be reflected in the fee calculation for the next billing period. As a result, advisory fees charged with
respect to these investments may be based on valuations that are not current as of the billing date and may be
subject to later adjustment.
                                                   Evolve Private Wealth, LLC
                                   10877 Wilshire Boulevard, Suite 1406, Los Angeles, CA 90024
                                                     Phone: (424) 500-4601

                                                      https://evolvepw.com/

Use of Independent Managers – As noted in Item 4, the Advisor may allocate all or a portion of a Client’s investment
portfolio to one or more Independent Managers. To eliminate any conflict of interest, the Advisor does not receive
any compensation from an Independent Manager and earns only its wealth management fee as described above.
For dual contract arrangements, the Independent Manager’s fee is disclosed in its brochure and applicable agreement
with the Client. In single contract engagements, the fee terms are outlined in the executed agreement between the
Advisor and the Independent Manager. Clients will receive an addendum specifying the Independent Manager’s fee.
The total blended fee, including both the Advisor’s and the Independent Manager’s fees, will not exceed 3.00%
annually

Private Fund Services
The Advisor will charge the Fund an annual fee ranging up to 0.70% depending on the Investor Class and pursuant to
the terms of the Fund’s Offering Documents. Non advisory client Investors will also be subject to carried interest as
outlined in Item 6 below.

The investment management fee shall accrue beginning on the initial closing date and will be payable quarterly in
advance, calculated as of the commencement of such quarter (or as of the initial closing date in the event of the first
period) on the last business day preceding each investment management fee payment date, with the first such
payment due and payable as of the initial closing date. Investors should refer the respective Fund’s Offering
Documents for more detailed information on advisory fees.

Financial Institution Consulting Services
Evolve receives a consulting fee based on the assets under MSI’s management from Brokerage Customers who
have provided written consent to MSI to receive the consulting service from the Advisor. The consulting fee is
calculated from the assets under MSI’s management as of the end of a calendar quarter period multiplied by the
annualized rate of 0.65%. The initial fee is paid only after the completion of one full calendar quarter period following
the date of the executed agreement with MSI.

Retirement Plan Advisory Services
Retirement plan advisory fees are charged an annual asset-based fee of up to 1.50%. Fees may be billed monthly
or quarterly (“Billing Period”) in advance or arrears pursuant to the terms of the retirement plan advisory agreement.
Retirement plan fees are based on the market value of assets under management at the end of the Billing Period.
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Item 7 – Types of Clients
Evolve offers investment advisory services to individuals, high net worth individuals, trusts, estates, charitable
organizations, financial institutions and pooled investment vehicles. Evolve generally does not impose a minimum
relationship size.

Private Fund Services
The Funds require that all investors meet the definition of “accredited investors”, and also require investors to be
“qualified purchasers” within the meaning of Section 2(a)(51) of the Investment Company Act of 1940 Act. The Funds
generally require a minimum investment in the amount of $100,000.