Fidelis IM LLC

Fees and Compensation
Description
For our investment management, financial planning, and retirement planning services, we charge a
maximum of 1.00% on the client’s total assets under management.

A minimum annual fee of $3,000 applies to qualified plans, SIMPLE IRAs, and SEP IRAs. Fees may be
negotiated if deemed necessary.

Fee Billing
Our investment management and financial planning fees are charged and payable quarterly in arrears.
The fee is based on the monthly closing average value of the assets under management for each “Client
Relationship” during the quarter. The formula used for the calculation is as follows: (Monthly Ending
Average Value of Assets Under Management During The Quarter) x (Annual Fee Rate/4). For ERISA
accounts (retirement planning), the management fee is based on the quarter end closing value of assets
under management. We will aggregate client accounts that have family or business relationships with
each other for purposes of calculating the investment management fees. For purposes of calculating fees,
a "Client Relationship" means an individual and: (a) his or her spouse or domestic partner; (b) his or her
minor children; (c) a business or non‐profit entity over which the individual and/or other person defined in
(a) above exercises exclusive control; and (d) trust as to which the individual and/or other person defined
in (a) above is the sole trustee. FIDELIS iM reserves the right to limit this Client Relationship account
aggregation policy where the circumstances, in our sole discretion, warrant. For new and terminating
client accounts, the investment management fee payment is a prorated calculation. The calculation is
based on the actual number of days assets were in a clients’ account during the calendar quarter.

For investment management fee calculation purposes, a calendar quarter is a period beginning on the
first day of the month during a new calendar quarter (January, April, July, and October) and ending on the
last day of the month of a calendar quarter (March, June, September, and December). A day is any
calendar day including weekends and holidays. We will automatically withdraw our investment
management fee from each client’s account unless the client wishes to be billed directly. The custodian
withdraws investment management fees from the client’s account based on our instruction. The custodial
statement will show the deduction of the investment management fee withdrawn directly from their
account. We do not require or accept investment management fees in advance.

In the event that a client wishes to be billed directly for investment management services, FIDELIS iM will
mail the invoice via U.S. Postal service to the address of record or send via email. The quarterly invoice is
due upon receipt.

Either the client or FIDELIS iM may terminate the Investment Management Agreement upon written
notice to the other party. If the Investment Management Agreement is terminated, the current investment
management fee will be pro‐rated to the written notice date. FIDELIS iM will not liquidate any securities in
the client’s account. All securities in the client’s account on the date of written notice will remain in the
client’s account at the custodian. A client can contact the custodian directly and self‐manage their
account. In the event of a client’s death or disability, we will continue management of the account until an
authorized party notifies us of client’s death or disability and provides alternate instructions.

Other Fees
Our investment management fees do not include custodial fees. Clients pay all brokerage fees
(transaction fees), and/or other similar charges incurred in connection with transactions from the assets in
the account. Custodial fees may also apply to certain accounts. In addition, any mutual fund shares
and/or ETFs held in a client’s account may be subject to fund‐related fees and expenses that are
described in the prospectus of the mutual fund or ETF. All fees paid to FIDELIS iM for investment
management services are separate and distinct from the fees and expenses charged by mutual funds
and ETFs. Please refer to the section Brokerage Practices for more information.

Lower fees for comparable services may be available from other sources.

Performance-Based Fees & Side-by-
Side Management
Sharing of Capital Gains or Capital Appreciation
FIDELIS iM does not accept performance-based fee accounts (e.g., fees based on a share of capital gains
or capital appreciation of assets in a client’s account).

Types of Clients
Description
FIDELIS iM offers discretionary investment management services to individuals, trusts, estates,
endowments, institutions, and retirement plans.

Account Minimums
We suggest an initial minimum account size of $500,000. FIDELIS iM reserves the right to waive the
minimum account size or impose a higher minimum account size for certain investment strategies. For
defined contribution and defined benefit plans, the initial minimum suggested account size is $2,000,000.

Methods of Analysis, Investment
Strategies and Risk of Loss
Methods of Analysis & Investment Strategies