Item 5: Fees and Compensation
Investment Management Services
Advisory fees are set forth in the relevant client agreements. As described above in Item 4, We
primarily provide discretionary investment management services to our managed account clients on
a wrap fee basis. Clients in the Program pay a single specified annual fee, inclusive of execution,
custody, performance reporting, and our investment management fees. Wealthspire also offers
clients participation in a non- discretionary wrap fee program. Wealthspire also offers to its clients
nondiscretionary investment advisory services, on a non-wrap fee basis as well as financial planning
and consulting services on a stand- alone basis. Fees for such services are primarily offered on a flat
fee basis. To the extent offered, the Advisors flat fee will be based upon various factors.
The firm charges an annual “wrap-fee” for participation in the Program. The wrap-fee generally will be
charged as a percentage of assets under management, as follows:
Assets Under Annual %
Management Fee
Initial $500,000 2.00%
Next $500,000 1.75%
Next $1,000,000 1.25%
Next $2,000,000 1.00%
Next $4,000,000 0.75%
All Additional 0.50%
Fee Differentials
In certain circumstances, Wealthspire, in its sole discretion, charges its clients a different wrap-fee
(higher or lower) or flat fee based upon certain criteria (i.e., complexity of the engagement, anticipated
future earning capacity, anticipated future additional assets, dollar amount of assets to be managed,
related accounts, account composition, negotiations with client, etc.). Certain Program clients are
subject to a different fee schedule that was previously established.
Fee Payment
Clients will be charged in advance, at the beginning of each calendar quarter, based upon the value
(market value or fair market value in the absence of market value, plus any credit balance or minus
any debit balance), of the client's account at the end of the previous quarter. Fees are prorated for
accounts opened during the quarter. An additional fee for the current quarter will be assessed if assets
are deposited after the beginning of the quarter. This fee is also prorated based on the number of
calendar days remaining in the quarter during which the service will be in effect. No portion of the fee
will be credited to the client for the current calendar quarter should any withdrawals from the portfolio
occur in the same calendar quarter.
Termination of Advisory Relationship
A client agreement may be canceled at any time, by either party, for any reason upon receipt of prior
written notice. Upon termination of any account, any prepaid, unearned fees will be promptly
refunded, and any earned, unpaid fees will be due and payable.
Mutual Fund Fees and Exchange Traded Fees and Expenses
If a client invests in mutual funds or ETFs, they generally will be charged fees and expenses by such
funds that are separate and distinct from the Program fee or other Wealthspire advisory fees, as
specified in the pertinent Investment Management Agreement. These fees will generally include a
management fee, other fund expenses, and a possible distribution fee. Wealthspire selects mutual
funds and ETFs with varying fee structures. Pershing, Schwab and/or Fidelity may elect to offer no-
transaction-fee mutual funds or ETFs a, as such certain fees associated with the mutual funds or ETFs
selected from the no- transaction fee offerings are waived. However, Wealthspire selects mutual funds
and ETFs that have transaction fees, and that do not have transaction fees. Our investment team
selects mutual funds and ETFs based upon investment need and selection criteria, which includes
various quantitative factors, such as performance, internal expense ratio, exposure, and market
outlook.
Clients are not restricted from investing in mutual funds or ETFs directly, without the services of
Wealthspire, however in that event clients will not receive the services provided by Wealthspire, which
are designed, among other things, to assist the client in determining which mutual funds or ETFs are
most appropriate to each client’s financial condition and objectives. Clients should compare the fees
charged by the funds (available in each fund’s prospectus) and the fees charged by Wealthspire to
fully understand the total amount of fees to be paid by the client.
Miscellaneous Fees
The Program fee does not include transaction costs and other fees charged by broker-dealers other
than Pershing, Fidelity, and Schwab. The Program Fee also does not include certain transaction costs
and other fees charged by Pershing, Fidelity, Schwab, and third-party managers including, but not
limited to, mark-ups and mark- downs on fixed-income transactions. Such fees and expenses are in
addition to the Program’s wrap-fee. Clients who do not participate in the Program will be subject to
costs and expenses charged by broker- dealers and custodians which include, but are not limited to,
brokerage commissions, mark-ups and mark-downs on fixed-income transactions, other transaction
costs, transfer taxes, odd lot differentials, exchange fees, interest charges, American Depository
Receipt agency processing fees, and any charges, taxes or other fees mandated by any federal, state
or other applicable law or otherwise agreed to with regard to client accounts.
Purchasing Services Separately
Execution, reporting, and custodial services for the Program are generally provided by Pershing,
Fidelity, and Schwab. Additionally, Program accounts are generally maintained at Pershing, Fidelity,
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