Item 5 - Fees and Compensation
Our annual fees for separately managed accounts are based upon a percentage of assets under
management and generally range from 1% to 1.5% depending on the complexity and level of service
provided, the number of different accounts and the total assets under management for a client and related
persons, or other circumstances the Company deems relevant. GeoCapital LLC retains the discretion to
negotiate alternative fees on a client-by-client basis. Client facts, circumstances and needs are
considered in determining the fee schedule. These include the complexity of the client, assets to be
placed under management, anticipated future additional assets; related accounts; portfolio style, account
composition, reports, among other factors. The specific annual fee schedule is identified in the contract
between the adviser and each client.
Fees are generally deducted from client accounts quarterly in arrears, subject to the terms and conditions
that are detailed in each client’s investment management agreement. Alternative frequency of payments
and/or methods of calculation may be available at GeoCapital LLC’s discretion, where appropriate and
upon client request. If the investment management agreement is executed at any time other than the first
day of a fee calculation period or terminated prior to the end of a fee calculation period, the advisory fees
will apply on a pro rata basis. The investment management agreements typically contain written
authorization permitting the advisory fees to be paid directly from each client’s account. In such cases, the
Company will send the client an invoice showing the amount of fees due along with the account value on
which the fee is based and how the fee was calculated. The qualified custodian holding the client’s assets
will deduct the advisory fee directly from such account to pay GeoCapital LLC.
We may group certain related client accounts for the purposes of achieving the minimum account size
requirements and determining the annualized fee.
Discounts, not generally available to our advisory clients, may be offered to family members and friends of
associated persons of our firm.
Termination of the Advisory Relationship: A client agreement may be canceled at any time, by either
party, for any reason upon receipt of 30 days written notice, without payment of any penalty. Termination
by either the client or the Company will not have the effect of canceling orders to deposit or invest cash or
to purchase or sell the securities or other property placed prior to the receipt of the notice of termination.
In the event of termination, fees paid in advance, if any, will be pro-rated to the termination date and
unearned portion of such fees shall be refunded to the client; fees due and payable for services rendered
by the Company, if any will be paid by the client.
Additional Fees and Expenses: In addition to our advisory fees, clients are also responsible for the fees
and expenses charged by custodians and imposed by broker dealers, including, but not limited to, any
transaction charges imposed by a broker dealer with which an independent investment manager effects
transactions for the client's account(s). Please refer to the "Brokerage Practices" section (Item 12) of this
Form ADV for additional information.
ERISA Accounts: GeoCapital LLC is deemed to be a fiduciary to advisory clients that are employee
benefit plans or individual retirement accounts (IRAs) pursuant to the Employee Retirement Income and
Securities Act ("ERISA"), and regulations under the Internal Revenue Code of 1986 (the "Code"),
respectively. As such, our firm is subject to specific duties and obligations under ERISA and the Internal
Revenue Code that include among other things, restrictions concerning certain forms of compensation. To
avoid engaging in prohibited transactions, GeoCapital LLC may only charge fees for investment advice
about products for which our firm and/or our related persons do not receive any commissions or 12b-1
fees, or conversely, investment advice about products for which our firm and/or our related persons
receive commissions or 12b-1 fees, however, only when such fees are used to offset GeoCapital LLC's
advisory fees.
Advisory Fees in General: Clients should note that similar advisory services may (or may not) be
available from other registered (or unregistered) investment advisers for similar or lower fees.
With respect to the Partnerships, the Company does not receive cash compensation, only common
access to the research performed on behalf of the Partnerships. Nevertheless, in an effort to avoid even
the appearance of a conflict of interest, where advisory clients have historically invested in the
Partnerships, such investments are not charged advisory fees by GeoCapital LLC.