Halbert Wealth Management Inc

Item 5 – Fees and Compensation

Discretionary Strategies

The fee Halbert Wealth charges for discretionary strategies is a percentage of assets under
management as outlined below.

Market Value                        Annual Fee
0-$500,000                          1.25%
Next $500,000 to $2,000,000         1.00%
Next $2,000,000+                    Negotiable

In some cases, different fees may be negotiated for certain client accounts.

Fees for any underlying money manager(s) may be added to the Halbert Wealth fee. These
fees range from 0.20% to 1.0% and will be deducted from the client account on a quarterly
basis. More details on the fees charged by each money manager can be found in the Sub-
Advisory Agreement and Fee Disclosure for applicable programs. There are also additional
fees associated with limited partnerships, BDCs, REITs and Interval Funds that are outlined
in the Private Placement Memorandums or Prospectuses and are charged to partners or
investors on a pro-rata basis, generally monthly.

In most cases, the Halbert Wealth client fees and any underlying money manager fees are
deducted directly from the client accounts. The fees are computed on a quarterly basis, in
arrears, and based on market values provided by the custodian. Adjustments will be made
during the quarter to reflect the number of days the account was opened. Accounts that are
closed during the quarter will be pro-rated based on the number of days the account was
open during the quarter. Adjustments will also be made for additions or redemptions made
during the quarter.

Clients who invest may also incur transaction costs, annual holding fees and/or
commissions related to the purchase and sale of those securities. The terms and
transaction costs related to investments will be described by the brokerage agreement.

Clients also pay the investment advisory and other fees and commissions (including any
“Rule 12b-1 fees”) paid by these funds to their managers and other service providers (such
as brokers). The relevant Offering Memorandum or prospectus will describe all the various
fees, commissions and other expenses.

HWM Alpha Advantage Strategy

Because of its complexity, Halbert Wealth maintains a different fee structure for the HWM
Alpha Advantage Strategy as outlined below.

Market Value                        Annual Fee
0-$1,000,000                        2.50%
Next $1,000,000 to $2,500,000       2.25%
Next $2,500,000 to $5,000,000       2.00%
Next $5,000,000                     Negotiable

In some cases, different fees may be negotiated for certain client accounts.

In most cases, the Halbert Wealth client fees are deducted directly from the client accounts.
The fees are deducted or billed on a quarterly basis, in arrears, and based on market values
provided by the custodian. Adjustments will be made for accounts that open during the
quarter to reflect the number of days the account was opened. Accounts that are closed
during the quarter will be pro-rated based on the number of days the account was open
during the quarter. Adjustments will also be made for additions or redemptions made
during the quarter.

Non-discretionary Strategies

For our non-discretionary strategies, we are paid as a promoter by sharing in a negotiated
portion of the management fee charged by the actual Investment Advisors. (See the
Promoter Disclosure Statement for each program invested in to get more details about this
fee sharing arrangement for each particular program.) The annual management fees are
0.99% to 2.50% of the assets under management. We refer and recommend to clients
Investment Advisors that have been vetted by Halbert Wealth. The fees are generally non-
negotiable, except in the case of large accounts or related accounts.

In most cases, the fees are deducted directly from client accounts. The fees are deducted (or
billed) on a quarterly basis. More details on the fees charged, how they are deducted and
issues related to additions and redemptions, partial quarters, how fees are calculated when
you open and close your account and other fee related information can be found in the
information for each Investment Advisor.

Clients who invest in programs that invest assets directly in stocks, bonds, ETFs and other
securities may also incur transaction costs and commissions related to the purchase and
sale of those securities. Clients whose assets are invested directly in stocks, bonds, ETFs
and other securities will establish an account at a brokerage firm designated by the
Investment Advisor or Halbert Wealth. The terms and transaction costs related to
investments made will be described by the brokerage agreement. With programs that
invest in mutual funds, clients may also pay the investment advisory and other fees and
commissions (including any “Rule 12b-1 fees”) paid by these funds to their managers and
other service providers (such as brokers). The fund's prospectus will describe all of the
various fees, commissions and other expenses paid by the fund. (See Item 12 and the
specific information for each Investment Advisor for more details.) Any of these fees and
expenses are in addition to the management fee charged by the Advisors.

Some Investment Advisors charge fees in advance and some in arrears. To the extent that a
client has paid any fees in advance and the account is subsequently terminated, the client
will generally be entitled to a pro rata refund of the amount paid. The exact details of how
this works, and how to get a refund of fees pre-paid for each program will be detailed in the
client agreement with the Investment Advisor for that program.

Since each program and Advisor is different, the way they calculate and charge fees will
likely be different. It is important that you look at the agreements and disclosures for each
program you invest in. This will provide additional details about their methodology for
calculating fees.

Item 7 – Types of Clients

Halbert Wealth continues to provide investment management services primarily to
individuals, high net worth individuals, IRAs and trusts. Halbert Wealth also may provide
services to corporate pension and profit-sharing plans, charitable institutions, foundations
and endowments. Minimum account sizes or eligibility criteria may apply depending on the
specific investment program. Minimum investments vary, depending on the program in
which the client wants to invest. The account minimums are often imposed by the
Investment Advisor or other money manager and in some cases are negotiable.