Item 5: Fees and Compensation
A. Fees for Wealth Management (Discretionary) or Consulting Services
1. Wealth Management Services
Annual fees are billed quarterly in arrears and are based upon the value (“asset-based fees”) of Client assets
under management (“AUM”) at the end of the quarter, as stipulated in the written Agreement HCM has with
each Client. The Firm’s standard tiered fee schedules based on AUM are as follows:
Assets Under Management Tiered Annual Fee
Clients With Balanced, Equity, or Other Portfolios
On the first $3,000,000 1.50% (one hundred fifty basis points)
On the assets from $3,000,001 to $5,000,000 1.25% (one hundred twenty-five basis points)
On the assets from $5,000,001 to $10,000,000 1.00% (one hundred basis points)
On the assets from $10,000,001 to $20,000,000 0.85% (eighty-five basis points)
On the assets from $20,000,001 and above 0.75% (seventy-five basis points)
Assets Under Management Annual Fee Rate
Accounts Designated Cash Management Only
On All Assets in the Account 0.20% (twenty basis points)
In accordance with the fee schedule for a portfolio that includes both non-cash investments and cash and cash
equivalent investments, a Client with $25 million in assets managed by HCM would pay 1.50% on the first $3
million, 1.25% on the next $2 million, 1.00% on the next $5 million, 0.85% on the next $10 million, and 0.75%
on the remaining $5 million. A Client with $25 million in assets managed by HCM in an account designated as
a Cash Management Account would pay 0.20% on the entire $25 million.
Although HCM has established the above standard fee schedules, the Firm retains the discretion to negotiate
management fees on a client-by-client basis, which include asset-based and fixed fee schedules. Client facts,
Hollencrest Capital Management dated March 30, 2026
Form ADV Part 2A Brochure Annual Update December 31, 2025
circumstances, and needs are considered in determining the fee schedule. These include account size,
investment strategy, type of client, and/or the nature of the relationship between the Client and HCM. HCM’s
wealth management fees do not include service charges or other transaction costs which are borne solely by
the Client. The specific annual fee schedule is identified in the Agreement between HCM and each Client. For
those Clients who have assets in accounts or portfolios which are reported on but not covered by an
Agreement with HCM, such assets would not be included in the fee calculation; the reporting would be
provided as a complimentary service at the request of the Client. Annual fees are billed quarterly in arrears;
partial quarters will be prorated based on the number of days in a calendar quarter that services are provided.
In addition, at the sole discretion of HCM, wealth management fee arrangements for the Firm’s senior
management, employees, employee family members, and/or Friends of the Firm are negotiated, waived, or
reduced, which is not made available to other Clients.
2. Consulting Service Fees
Consulting fees are assessed based upon one of the following methodologies:
Tiered Annual Fee (based on the value of the assets2 to which HCM provides consulting services) -
such fees are billed on a quarterly basis based on the value of the assets as of quarter-end.
Consulting Assets Under Management Tiered Annual Fee
On the first $50,000,000 0.35% (thirty-five basis points)
On the assets from $50,000,001 and above 0.25% (twenty-five basis points)
Annual Fixed Fee – the fee can be any amount, typically ranging from $100 to $250 or more per year.
Consulting Client specific requests, such as unique/manual asset reporting or monthly reports,
increase the applicable fee which will be set forth in the Consulting Client’s written Agreement.
Although HCM has established the above standard fee schedules, the Firm retains the discretion to negotiate
management fees on a client-by-client basis, which include asset-based and fixed fee schedules. Client facts,
circumstances, and needs are considered in determining the fee schedule. These include account size,
investment strategy, type of client, and/or the nature of the relationship between the Client and HCM. HCM’s
consulting fees do not include service charges or other transaction costs which are borne solely by the Client.
The specific annual fee schedule is identified in the Agreement between HCM and each Client. For those
Clients who have assets in accounts or portfolios which are reported on but not covered by an Agreement
with HCM, such assets would not be included in the fee calculation; the reporting would be provided as a
complimentary service at the request of the Client.
Each type of consulting fee arrangement is customized to the Consulting Client. Tiered and fixed consulting
fees are negotiated and differ from the fee descriptions presented, per specific circumstances and attributes
of the Consulting Client and his/her relationship with the Firm. Annual consulting fees are billed quarterly in
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