Fortis Capital Advisors LLC

Item 5 - Fees and Compensation

   A.​ How is Fortis compensated?
       ​
       Fees charged are negotiable and may differ from client to client based upon services provided,
       investment strategies utilized, the amount of assets to be managed, portfolio composition, the scope
       and complexity of the engagement, the anticipated number of meetings and servicing needs, related
       accounts, anticipated future additional assets, the professional(s) rendering the service(s), prior

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      relationships with Fortis and/or your Advisor. Consequently, fee structures may vary among clients with
      similar profiles. While Fortis believes its fees are competitive and reflect the value of the services
      provided, they may be higher than those charged by other firms for comparable offerings.​

          a.​ Assets Under Management Fees
              ​
              Advisory fees and the timing of assessment are negotiated between you and your Advisor. Fees
              can be charged as a flat fee, fixed rate percentage, a linear fee percentage, or a tiered fee
              percentage structure but cannot exceed 2.5% annually. Such advisory fees are based upon
              assets under management, generally including cash balances and margin balances, if
              applicable (“AUM Fee”).

             A new client will be charged a prorated fee for the initial quarter in which services are rendered.
             No AUM Fee adjustment will be made during any quarter for appreciation or depreciation in the
             value of your assets.

             You should discuss with your Advisor the exact fee schedule and timing as documented and
             agreed to by you in your advisory agreement. You will receive a (30) day notice in writing of any
             changes to your fee schedule if your fee will be increasing, but we have discretion for reducing
             fees without notice.

             You should understand that the fee you negotiate with your Advisor can be higher than the fees
             charged by other investment adviser representatives for similar services. This is the case, in
             particular, if the fee is at or near the maximum fees rate set out above. Your Advisor is
             responsible for determining your fee based on many factors, such as the total amount of assets
             in the relationship, the complexity of the services, and the number and range of supplementary
             advisory and client-related services to be provided. You should consider the level and
             complexity of the consulting and/or advisory services to be provided when negotiating the fee
             with your Advisor.​
             ​
             Please Note: Cash Positions. 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), Fortis may maintain cash positions for defensive purposes. All
             cash positions (money markets, etc.) shall be included as part of assets under management for
             purposes of calculating Fortis' fee.​
             ​
             Clients typically elect to have Fortis' fees deducted from their custodial account(s). Both Fortis'
             Investment Advisory Agreement and the custodial/clearing agreement may authorize the
             custodian to debit the account for the amount of Fortis' investment advisory fee and to directly
             remit that management fee to Fortis in compliance with regulatory procedures. In the limited
             event that Fortis bills the client directly, payment is due upon receipt of Fortis' invoice. If Fortis is
             deducting fees and/or billing clients quarterly in arrears, the fee will be based upon the market
             value of the assets on the last business day of the preceding quarter, with the exception of the

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             initial month of engagement for which Fortis may charge in arrears.​
             ​
             The Investment Agreement between Fortis and the client will continue in effect until terminated
             by either party by written notice in accordance with the terms of the Investment Agreement.
             Upon termination, Fortis shall refund the unearned prorated portion of the advanced fee paid
             based upon the number of days remaining in the billing quarter.

          b.​ Fixed Fees

             Fixed Fees are negotiable, agreed upon in advance between you and your Advisor, and shall
             vary based on the nature and extent of the services agreed to be rendered as between you and
             your Advisor. You may authorize us to debit Fixed Fees directly from your custodial account
             quarterly.

          c.​ Financial Planning and Consulting Services​
              ​
              Fees for Financial Planning are determined at the time of engagement based upon the
              estimated time and effort required and/or the nature and complexity of services and may be
              charged on an hourly or fixed fee basis. Your Advisor may require prepaid fees equal to ½ the
              proposed fee. However, Fortis will not collect fees in excess of $1,200 for services to be
              performed six months or more in advance. Either party may terminate the Financial Planning
              Agreement by written notice to the other. In the event you terminate Fortis’ services, the balance
              of unearned fees (if any) will be refunded to you. Since Financial Planning services are a
              separate offering from investment management, you may terminate one type of services you
              receive while retaining Fortis’ services for the other. You may authorize us to debit Financial
              Planning Fees directly from a non-qualified custodian account. ​
...

Item 7 - Types of Clients

   A.​ What type of clients do you service?​
       ​
       We serve the investment needs of individual investors (including high net worth individuals), trusts,
       corporations, retirement plans, institutional clients, and other investment advisers.​

   B.​ Do you have requirements for becoming a client?​
       ​
       We do not have a minimum account size. We do charge a minimum Assets Under Management Fee. In
       some cases we may elect not to take on a client if we determine we are not best suited to meet their
       investment needs. Also, we may terminate a client relationship if we feel we can no longer meet their
       investment needs. We try to accommodate a wide range of custodians; however, we retain the right to
       refuse a client who does not use a suggested/recommended custodian.