Forte Asset Management LLC

Item 5 | Fees and Compensation
Advisory Fees
Forté is compensated solely by advisory fees paid by its clients. Forté does not receive commissions, referral
fees, or other compensation from third parties in connection with providing investment advice. Forté fees are
based on the overall assets under management, for both discretionary and non-discretionary relationships. All
fees are mutually agreed upon between the client and Forté. Our standard asset-based fee schedule typically
ranges from 0.15% to 0.90% annually, depending on assets under management, account complexity, and
services provided. Fees are negotiable at Forté’s discretion. Specific fee schedules applicable to each client are
detailed in the client’s Investment Advisory Agreement and may differ from the general ranges described in this
Brochure. The advisory fee described above covers both investment management services and any financial
planning and consulting services provided as part of the ongoing advisory relationship. Forté does not charge a
separate fee for financial planning services, and such services are not available independently of investment
management services.

Advisory fees are calculated quarterly in advance based on the market value of assets under management as of
the last business day of the preceding quarter. For material intra-quarter deposits, Forté may assess a prorated
fee consistent with the terms of the Investment Advisory Agreement. Fees may include uninvested cash. Clients
receive custodial statements at least quarterly that reflect the deduction of advisory fees. Clients are
encouraged to review these custodial statements and compare them with any advisory invoices provided by
Forté. The custodian does not verify the accuracy of Forté’s fee calculations.

All fees paid to Forté for its services are separate and distinct from the fees and expenses charged directly by the
custodian(s) of the client’s account(s), transaction charges imposed by the broker-dealer executing securities
transactions for the client’s account(s), applicable fees charged by qualified custodians associated with
account maintenance/transfers, fees and expenses embedded in ETFs and mutual funds held in or for the
client’s account(s) and/or charged to the client’s account(s) by investment managers, such as hedge funds and
private equity partnerships, independent managers, and by the client’s other advisors. For further discussion
concerning Forté’s brokerage practices, please see Item 12 below.

Forté treats cash as an asset class. As such, unless determined to the contrary by Forté, all cash positions
(money markets, etc.) are included as part of assets under management for purposes of calculating Forté’s
management fee. At any specific point in time, depending upon perceived or anticipated market
conditions/events (there being no guarantee that such anticipated market conditions/events will occur), Forté
may maintain cash positions for defensive purposes. In addition, while assets are maintained in cash, such
amounts could miss market advances. As a result, clients may pay advisory fees on cash balances, including
money market positions, that generate little or no investment return during certain periods.

   6                                                                         FORTÉ ASSET MANAGEMENT, LLC

Forté may price its services based upon various objectives and subjective factors. Forté in its discretion, may
charge a lesser investment management fee, charge a flat fee, waive its fee entirely, or charge a fee on a
different interval, based upon certain criteria (i.e., anticipated future earning capacity, anticipated future
additional assets, dollar amount of assets to be managed, related accounts, account composition, complexity
of the engagement, anticipated services to be rendered, grandfathered fee schedules, employee and family
members, courtesy accounts, competition, negotiations with client, etc.). Forté’s clients could pay diverse fees
based upon the market value of their assets, the complexity of the engagement, and the level and scope of the
overall investment management services to be rendered. As a result of these factors, similarly situated clients
could pay diverse fees, and the services provided by Forté to any particular client could be available from other
advisers at lower fees. All clients and prospective clients should be guided accordingly.

Clients may make additions to and withdrawals from their account[s] at any time, subject to Forté’s right to
terminate an account. Additions may be in cash or securities provided that Forté reserves the right to liquidate any
transferred securities or decline to accept particular securities into a client’s account[s]. Clients may withdraw
account assets on notice to Forté, subject to the usual and customary securities settlement procedures.

Forté designs its portfolios as long-term investments, and the withdrawal of assets may impair the achievement of
a client’s investment objectives. Forté may consult with its clients about the options and ramifications of
transferring securities. However, clients are advised that when transferred securities are liquidated, they may be
subject to transaction fees, fees assessed at the mutual fund level (i.e., contingent deferred sales charge),
and/or tax ramifications. Advisory fees are generally not adjusted intra-quarter for contributions or withdrawals
unless such contribution or withdrawal is material in relation to the account size. In such cases, Forté may, in its
discretion, prorate fees based on the number of days remaining in the billing period.

Forté is compensated for its investment advisory services in advance of the quarter in which services are
rendered. Either party may terminate the Investment Advisory Agreement, at any time, by providing advance
written notice to the other party. The client may also terminate the Investment Advisory Agreement within five (5)
...

Item 7 | Types of Clients
Forté offers investment management services to individuals, high net worth individuals, families, trusts, estates,
corporations, and other types of business entities. Forté generally seeks to work with clients who have
approximately $1,000,000 or more in investable assets; however, this is not a strict minimum and may be
waived at Forté’s discretion based on the client’s circumstances and service needs. Each client signs an
advisory agreement that sets forth the terms and conditions of the relationship between the client and Forté as
well as the fees.