Four Points Advisors LLC

Item 5 – Fees and Compensation

Fees for the Accounts are typically assessed as an annual, fixed management fee equal to a
percentage of assets under management for each client. Four Points does not receive
performance- or incentive-based compensation from its clients. Four Points’ fee schedule as
of the date of this Brochure is as follows:

Four Points Fee Schedule

  Market Value of Client Assets                   Annual Fee (%) of Assets*
  $0 - $2,000,000                                 1.75% (Negotiable)
  $2,000,001 - $5,000,000                         1.25% (Negotiable)
  Over $5,000,000                                 Negotiable

*Fees are capped at these percentages. Four Points' fees are negotiable and Four Points

may waive, reduce or rebate fees with respect to specific clients in its sole discretion.

The specific manner in which fees are charged by Four Points is set forth in a client’s
Managed Account Agreement with Four Points (the “Agreement”). Four Points will generally
deduct its fees on a quarterly basis, in advance, usually based upon the value of the Account
on the first day of the quarter. Fees are deducted based on the client’s authorization to
directly debit such fees from such Accounts in accordance with the terms of the Agreement.
Accounts initiated or terminated during any month will be charged a prorated fee. Upon
termination of any Account, any prepaid, unearned fees will be promptly refunded, and any
earned, unpaid fees will be due and payable.

A client will receive refunds of any pre-paid fees if the Agreement is terminated prior to the
end of the quarterly billing period. In the event that a client terminates our services, Four
Points will refund the unearned portion of its advisory fees to that client. Clients must contact
Four Points in writing and state their intent to terminate Four Points’ services. Upon receipt of
the termination notice, Four Points will proceed to close out the relevant Account and
process a pro-rata refund of any unearned advisory fees. Typically, the refund amount will be
prorated based on the quarterly fee paid and the number of days remaining in the billing
period.

Consulting Fees

Based on individual facts and circumstances, as outlined in Item 4, Four Points Advisors has
the ability to provide consulting on a stand-alone basis and negotiate a payment arrangement
with the client. Four Points does not have a set fee schedule.

Adhesion UMA Platform

Should Four Points recommend client assets be placed with an Independent Manager
available through the Adhesion platform, a separate, additional fee of up to 0.08% annually
will be charged to the client. This fee covers the services of the independent manager as well
as the Adhesion platform fee for management of the program, including facilitating and
communicating trades to TradePMR. The Adhesion fee is not charged in addition to Four
Points’ advisory fee; rather, it is deducted from the total fee agreed upon with Four Points.

Independent Managers

Four Points can also recommend client’s assets be managed by Independent Managers.
Fees for assets managed by an Independent Manager will vary based on the Independent
Manager’s fee schedule and will generally range from 0.20 - 0.50% annually. The
Independent Manager fee is not charged in addition to Four Points’ advisory fee; rather, it is
deducted from the total fee agreed upon with Four Points. Clients can refer to the
Independent Manager’s Form ADV Part 2A Brochure for information on their fees and
compensation.

Other Fees and Expenses

Four Points’ fees are separate and distinct from fees and expenses that may be imposed by
any broker dealers, including Four Points Capital Partners, LLC (“FPCP”), an affiliated
broker/dealer registered with the SEC and the Financial Industry Regulatory Authority
(“FINRA”) where the account may be held or transactions executed, as well as by other third
parties. Such charges may include, but are not limited to, custodial fees, brokerage
commissions, transaction fees, markups/markdowns, charges imposed directly by a mutual
fund, index fund, or exchange traded fund purchased for the Account which shall be
disclosed in the fund’s prospectus (e.g., fund management fees and other fund expenses),
fees imposed by variable annuity providers and disclosed in the annuity contract, certain
deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund
fees, and other fees and taxes on brokerage accounts and securities transactions exclusive
of brokerage commissions, transaction fees, and other related costs and expenses which are
incurred by the client.

Such charges, fees and commissions are exclusive of and in addition to Four Points’
management fee, and Four Points does not receive any portion of these commissions, fees,
and costs.

Item 12 further describes the factors that Four Points considers in selecting or recommending
broker-dealers for client transactions and determining the reasonableness of their
compensation (e.g., commissions).

Compensation for the Sale of Securities or Other Investment Products

Investment advisory representatives (each, an “IAR”) who provide investment advice on
behalf of Four Points may also be registered representatives of Four Points’ affiliated broker-
dealer FPCP. However, FPCP will not compensate Four Points or Four Points’ IARs for the
purchase or sale of any securities or other investment products to Accounts of Four Points.
As a result, no conflict of interest exists because there is no pecuniary incentive for an IAR to
recommend investment products for any reason other than a client’s individual needs and
objectives. Four Points may recommend that clients use the execution services offered by
FPCP. For the avoidance of doubt, Four Points places client trades with FPCP, which
executes such trades on behalf of clients. Trades are cleared and settled by StoneX Group,
...

Item 7 – Types of Clients

Four Points will offer portfolio management services to individuals, business entities, trusts,
estates, foundations, charitable organizations, pensions and profit-sharing plans. These
services are currently offered to clients solely through the Accounts, although in the future
Four Points may also advise one or more privately offered investment funds. If Four Points
were to advise one or more privately offered investment funds, it will adopt procedures in
accordance with the investment objectives and guidelines set forth in the respective
governing documents of such privately offered investment funds.

Four Points generally requires a minimum investment of $50,000 to open an account,
although this minimum may be waived or reduced in Four Points’ sole discretion based on
individualized negotiations with a client or potential client.