Item 5 – Fees & Compensation
As a fee-only firm, Hamilton Capital’s only source of compensation is the fees it receives from clients,
which are generally based on a percentage of assets under management. Hamilton Capital has adopted
the following fee guidelines:
Wealth & Investment Management Fees
Market Value of Investment Assets Annual Fee %
First $2 Million 1.00%
Next $2 Million 0.75%
Above $4 Million 0.55%
For Wealth Management clients (where Hamilton Capital is providing both Planning & Advisory Services
and Investment Management Services) the suggested minimum portfolio is $500,000 and is subject to a
minimum quarterly fee of $1,250. Fees are negotiable and minimum fees may, at the discretion of
Hamilton Capital, be waived.
Clients engaging Hamilton Capital for Investment Management services only may also be subject to a
minimum quarterly fee. Fees are negotiable and minimum fees may, at the discretion of Hamilton Capital,
be waived.
Assets with totals below the suggested minimum referenced above and that are still subject to the
minimum fee may cause the annual rate to exceed 1.00%.
Fees for Planning and Advisory Services
Planning and Advisory Services may be provided on a fee basis, based on either an hourly charge or on a
pre-established fixed fee. Fees are based upon the expected complexity of the analysis and the resulting
recommendations, and the anticipated time to achieve the desired objectives. Hamilton Capital’s hourly
charges range from $60 to $500 per hour depending on the professional performing the services. Clients
may terminate its agreement with Hamilton Capital at any time and receive a refund of any funds not yet
earned. Depending on the expected complexity of hourly relationships, Hamilton Capital may request a
retainer. Hamilton Capital will apply client fees towards the retainer. Hamilton Capital will typically require
that the retainer be replenished when depleted below $300.
pg. 6
March 31, 2026
Co-Advisory Services
Clients engaging Hamilton Capital as co-advisor will pay an asset-based fee. This fee will be typically paid
to Hamilton Capital through direct debit of an investment account but can be paid by check. Hamilton
Capital is responsible for paying the co-advisor for their share of the client’s fee. Hamilton Capital’s fees
are exclusive of any planning, consulting or advisory fees paid to their other adviser.
For its services and not those of co-advisor, Hamilton Capital can charge advisory fees up to .75% of the
client’s assets under management. Fees are negotiable and there may be certain instances in which fees
are waived.
The Dynamic Alternative Fund Fees
Hamilton Capital serves as the investment manager to the DA Fund, a closed-end management investment
company. The DA Fund is non-diversified and operates as a tender offer fund. Hamilton Capital is entitled
to receive an annual management fee of 1.00% (the “Management Fee”) based on the average monthly
net assets of the DA Fund but may receive less due to waivers. The Management Fee is a fee paid out of
the assets of the DA Fund in the form of a DA Fund expense, rather than being billed directly to the DA
Fund investor.
Because Hamilton Capital is paid a Management Fee from the Dynamic Alternatives Fund, a client’s
investment in the Dynamic Alternatives Fund will be excluded from assets under management for the
purposes of calculating Hamilton Capital’s advisory fee. For additional information about the Dynamic
Alternatives Fund, please see the DA Fund’s Prospectus and Statement of Additional Information.
Affiliated Private Funds
A client’s investment in any Affiliated Private Funds will be excluded from assets under management for
the purpose of calculating Hamilton Capital’s Wealth & Investment Management Fees. For additional
information about the Affiliated Private Funds, please see the fund’s specific offering documents.
General Information on Fees
Fees are billed quarterly in advance and typically directly debited from client custodial accounts. However,
clients may pay Hamilton Capital directly by check. Quarterly fees are calculated by applying the annual
fee schedule to the value of the accounts at the end of each prior calendar quarter. Under no circumstance
does Hamilton Capital charge more than six months of fees in advance of services rendered.
Hamilton Capital considers cash and cash equivalents (e.g., money market funds, etc.) to be a material
component of an investor’s asset allocation. Therefore, Hamilton Capital may maintain cash and cash
equivalent positions for defensive, liquidity, or other purposes. Unless otherwise agreed in writing, all
cash positions are included as part of assets under management for purposes of calculating Hamilton
Capital’s Wealth & Investment Management Fees. Clients are advised that, at any particular time, the fee
charged by Hamilton Capital for advisory services may exceed the yield earned on cash and cash
equivalent positions.
Any agreement between Hamilton Capital and the client will continue in effect until terminated by either
party by written notice under the terms of the agreement. Upon termination, Hamilton Capital will refund
the pro-rated portion of the unearned fee, if any, based upon the number of days services were provided
during the quarterly billing cycle or until an agreed upon termination date.
pg. 7
March 31, 2026
Other Expenses
Hamilton Capital’s fees are exclusive of other related costs and expenses which shall be incurred by the
Client. Clients may incur certain charges imposed by custodians, brokers, third party investment and other
third parties such as fees charged by independent managers, record-keeping/custodial fees, sales charges,
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