Granite Islands Private Wealth LLC

ITEM 5 - FEES AND COMPENSATION
Fee Schedule & Billing Method
Granite Islands offers services on a fee basis, which may include fixed fees, hourly fees, as well as fees based
upon assets under management or advisement.
Investment Management Services
The annual management fee for our Investment Management Services is based on the total dollar value of
the assets maintained in the client account. The fee assessed and/or charged is based on what is stipulated
in the Investment Advisory Agreement signed by each client. This may include a minimum annual fee.
Our annual fee ranges up to 1.75% annually and is assessed and/or charged quarterly in arrears based on
the value at the end of the billing period. Inflows and outflows of cash are considered on a prorated basis
in this calculation. Fees can be structured as a fixed flat percentage fee on total assets in the account, a
fixed flat dollar amount, or a tiered fee schedule whereby the fee is calculated by applying different rates
to different levels of assets. Some services are assessed via hourly rates.
Financial Planning and Consulting Fees
In addition to the advisory fees paid, we may provide financial planning and/or consulting services to clients
regarding the management of their financial resources, which is based upon an analysis of their current
personal and financial situations, goals, and objectives. The fee assessed and/or charged is based on what
is stipulated in the Investment Advisory Agreement signed by each client. This may include a minimum
annual fee. The Firm offers these services on a fee basis, which may include hourly or fixed fees.
Other Fees and Expenses
In addition to the advisory fees paid to the Firm, clients may incur certain charges imposed by other third
parties, such as broker-dealers, custodians, trust companies, platform service providers, banks, and other
financial institutions (collectively “Financial Institutions”). These additional charges may include securities
brokerage commissions, transaction fees, custodial fees, fees attributable to alternative assets, reporting
charges, margin costs, charges imposed directly by a mutual fund or ETF in a client’s account, as disclosed
in the fund’s prospectus (e.g., fund management fees and other fund expenses), 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.
Direct Fee Debit
Clients generally provide the Firm with the authority to directly debit their accounts for payment of the
investment advisory fees. The Financial Institutions that act as the qualified custodian for client accounts,
from which the Firm retains the authority to directly deduct fees, are required to send statements to clients
not less than quarterly detailing account transactions, including any amounts paid to the Firm.

Account Additions and Withdrawals
As stated above, clients may make additions to and withdrawals from their accounts at any time, subject
to the Firm’s right to terminate an account. Additions may be in cash or securities, provided that the Firm
reserves the right to liquidate any transferred securities or declines to accept particular securities into a
client’s account. Clients may withdraw account assets on notice to the Firm, subject to the usual and
customary securities settlement procedures. However, the Firm generally designs its portfolios as long-
term investments, and the withdrawal of assets may impair the achievement of a client’s investment
objectives. The Firm may consult with its clients about the options and implications of transferring
securities. Clients are advised that when transferred securities are liquidated, they may be subject to
transaction fees, short-term redemption fees, fees assessed at the mutual fund level (e.g., contingent
deferred sales charges), and/or tax ramifications.
Commissions and Sales Charges for Recommendations of Securities
Clients can engage certain persons associated with Granite Islands (but not the Firm directly) to render
securities brokerage services under a separate commission-based arrangement. Clients are under no
obligation to engage such persons and may choose brokers or agents not affiliated with Granite Islands.
Under this arrangement, the Firm’s Supervised Persons, in their individual capacities, are registered
representatives of Sanctuary Securities, Inc. (“Sanctuary”) and may provide securities brokerage services
and implement securities transactions under a separate commission-based arrangement. Supervised
Persons may be entitled to a portion of the brokerage commissions paid to Sanctuary, as well as a share of
any ongoing distribution or service (trail) fees from the sale of mutual funds. The Firm may also recommend
no-load or load-waived funds, where no sales charges are assessed. Prior to effecting any transactions,
clients are required to enter into a separate account agreement with Sanctuary.
A conflict of interest exists to the extent that the Firm recommends the purchase or sale of securities where
Supervised Persons receive commissions or other additional compensation as a result of the Firm’s
recommendation. The Firm has procedures in place to ensure that any recommendations made by such
Supervised Persons are in the best interest of clients. For certain accounts covered by the Employee
Retirement Income Security Act of 1974 (“ERISA”) and such others that the Firm, in its sole discretion,
deems appropriate, the Firm may provide its investment advisory services on a fee-offset basis. In this
scenario, the Firm may offset its fees by an amount equal to the aggregate commissions and 12b-1 fees
earned by the Firm’s Supervised Persons in their individual capacities as registered representatives of
Sanctuary.
Termination
Either party may terminate the advisory agreement at any time by providing written notice to the other
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ITEM 7 - TYPES OF CLIENTS
Granite Islands provides asset management, financial planning, ERISA plan advisory & consulting,
investment advisory, and consulting. Our services are provided on a discretionary basis to a variety of
clients, such as institutional investors, individuals, high-net-worth individuals, trusts and estates, qualified
purchasers, and individual participants of retirement plans. In addition, we may also provide advisory
services to entities such as state or municipal government entities, offshore/non-U.S. residents, pension and
profit-sharing plans, businesses, and other investment advisors.
Account Requirements
Granite Islands does not impose a stated minimum fee or minimum portfolio value for starting and maintaining
an investment management relationship.