Fees and Compensation — Form ADV Part 2A (3/25/2026)
[Brochure]
Item 5 Fees and Compensation
Fees for Investors in the FWCG Opportunity Fund, LP
Clients invested in the Alternative Investment Funds pay an annual management expense fee of up to
1.5%. In addition, the Manager of the Funds currently charges on all net earned profits a 10%
incentive fee. Additionally, the Private Partnerships in which the Funds will invest may have a contract
that they get paid (and indirectly the Limited Partners) performance fees, which are expected to range
from 15% to 20% of any Private Partnership profits with the net earned amount paid to the Fund
investors. See Item 6 (Performance-Based Fees and Side-By-Side Management) below for more
information.
Fees for Investors in the FWCG Diversified Alternative Income Fund, LP (DAIF)
Investors will pay a flat annual fee of 1.25%.
To fully understand the total cost you will incur, you should review all the fees charged by mutual
funds, exchange traded funds, private funds, and our firm. For information on our brokerage practices,
please refer to the "Brokerage Practices" section of this brochure.
For California Residents: Subsection (j) of Rule 260.238, California Code of Regulations requires that
all investment advisers disclose to their advisory clients that lower fees for comparable services may
be available from other sources.
Compensation for the Sale of Other Investment Products
Some of our Investment Advisor Representatives who provide investment advice on behalf of our firm
are licensed as independent insurance agents. These persons will earn commission-based
compensation for selling insurance products, including insurance products they sell to you. Insurance
commissions earned by these persons are separate and in addition to our advisory fees. As such,
persons licensed as insurance agents have a financial incentive to recommend insurance products.
However, you are under no obligation, contractually or otherwise, to purchase insurance products
through any person affiliated with our firm.
See Item 10 for more information regarding fees associated with certain Associated Persons’ activities
at independent investment advisors.
Account Minimums and Types of Clients — Form ADV Part 2A (3/25/2026)
[Brochure]
Item 7 Types of Clients
The Firm acts as an investment adviser to the FWCG Opportunity Fund, LP, and Craig Martin serves
as the manager of the FWCG Diversified Alternative Income Fund, LP. Investments in the Funds are
offered only to accredited investors within the meaning of SEC Rule 501 of Regulation D of the
Securities Act of 1933. Investors in the Funds are also required to be qualified purchasers as defined
by Section 2(a)(51) under the Investment Company Act. Investors that purchase interests in the
Fund(s) will be admitted to such funds as partners. The minimum initial capital contribution required to
become a Limited Partner of either Fund is typically $100,000. In its sole discretion, from time to time,
the General Partner may raise or lower such requirements.
Filed 2026-03-03 (D/A) · Exemption 506(b), 3(c), 3(c)(1) · Minimum $100,000 · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
Filed 2026-02-12 (D/A) · Exemption 506(b), 3(c), 3(c)(1) · Minimum $50,000 · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
AUM Breakdown
Accounts
AUM ($M)
By Client Type
(a) Individuals (other than high net worth individuals)
74
19.9
(b) Individuals (high net worth individuals)
38
83.1
(c) Banking or thrift institutions
0
0.0
(d) Investment companies
0
0.0
(e) Business development companies
0
0.0
(f) Pooled investment vehicles
2
12.3
(g) Pension and profit sharing plans
0
0.0
(h) Charitable organizations
0
0.0
(i) State or municipal government entities
0
0.0
(j) Other investment advisers
0
0.0
(k) Insurance companies
0
0.0
(l) Sovereign wealth funds and foreign official institutions
0
0.0
(m) Corporations or other businesses not listed above