Flatrock Wealth Partners 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 a wealth
management agreement with the Advisor.

A. Fees for Advisory Services
Wealth management fees are paid quarterly, at the end of each calendar quarter, pursuant to the terms of the
wealth management agreement. Wealth management fees are based on the average daily market value of assets
under management during the quarter. Wealth management fees include investment management and financial
planning services as detailed in item 4.B. Wealth management fees are based on the following schedule:

                             Assets Under Management ($)                 Annual Rate (%)
                             Up to $1,000,000                                 1.00%
                             $1,000,001 to $5,000,000                         0.80%
                             $5,000,001 to $10,000,000                        0.65%
                             $10,000,001 to $15,000,000                       0.50%
                             $15,000,001 to $20,000,000                       0.45%
                             $20,000,001 to $35,000,000                       0.35%
                             Over $35,000,000                               Negotiable

The wealth management 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 Flatrock 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.

Use of Independent Managers – Fees paid by the Client to an Independent Manager are separate and in addition
to the Advisor’s fee and range between 0.10% and 1.50% annually. Flatrock does not receive any compensation or
fees from the Independent Manager. The Client’s overall fee will not exceed 2.50%.

Insurance Consulting - Fees for insurance consulting services are charged in accordance with the Client’s wealth
management services tiered fee schedule on a quarterly basis pursuant to the terms of the client agreement.
Insurance consulting fees are based on the market value of assets under management in the contract.

B. Fee Billing
Wealth management fees are calculated by the Advisor or its delegate and deducted from the Client’s account[s] at
the Custodian. The Advisor shall send an invoice to the Custodian indicating the amount of the fees to be deducted
from the Client’s account[s] at the end of the respective quarter. The amount due is calculated by applying the
quarterly rate (annual rate divided by 4) to the average daily market value of assets under management with
Flatrock during the quarter. Clients will be provided with a statement, at least quarterly, from the Custodian
reflecting deduction of the wealth management fee. In addition, the Advisor will provide the Client a report itemizing
the fee, including the calculation period covered by the fee, the account value and the methodology used to
calculate the fee. Clients are urged to also review and compare the statement provided by the Advisor to the
brokerage statement from the Custodian, as the Custodian does not perform a verification of fees. Clients provide
written authorization permitting advisory fees to be deducted by Flatrock to be paid directly from their account[s]
held by the Custodian as part of the wealth management agreement and separate account forms provided by the
Custodian.

                                                Flatrock Wealth Partners LLC
                                     1301 Dove Street, Suite 910, Newport Beach CA 92660
                                       Phone: (949) 687-2615 | https://flatrockwealth.com

Use of Independent Managers – For Clients with account[s] allocated to an Independent Manager, the Client’s fee
may be separately billed or deducted from the Client’s account[s] with the respective manager.

C. Other Fees and Expenses
Clients may incur certain fees or charges imposed by third parties, other than Flatrock, in connection with
investments made on behalf of the Client’s account[s]. The Client is responsible for all custody and securities
execution fees charged by the Custodian, as applicable. The Advisor's recommended Custodian may not charge
securities transaction fees for ETF and equity trades in a Client's account[s], provided that the account meets the
terms and conditions of the Custodian's brokerage requirements. However, the Custodian typically charges for
mutual funds and other types of investments. The fees charged by Flatrock are separate and distinct from these
custody and execution fees. Clients are also responsible for fees charged by Independent Managers.

In addition, all fees paid to Flatrock for wealth management services are separate and distinct from the expenses
charged by mutual funds, ETFs, and private funds to their shareholders, if applicable. These fees and expenses are
described in each fund’s prospectus or offering documents. These fees and expenses will generally be used to pay
management fees for the funds, other fund expenses, account administration (e.g., custody, brokerage and account
reporting), and a possible distribution fee. A Client may be able to invest in these products directly, without the
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Item 7 – Types of Clients
Flatrock offers wealth management services to individuals, high net worth individuals, trusts, estates, foundations,
and businesses. Flatrock generally imposes a minimum relationship size of $5,000,000 to effectively implement its
investment process. The minimum may be waived at the sole discretion of the Advisor.