Iconoclastic Capital Management LLC

Item 5 — Fees and Compensation
Unless you have received this brochure at least 48 hours prior to signing an Advisory Contract, you
may terminate the Advisory Contract within five (5) business days of signing without penalty or
incurring any fees.
How we are paid depends on the type of advisory services we perform. Fees are negotiable and
some fees may vary by Client for similar services. No increase to the agreed-upon advisory fees shall
occur without prior Client consent.
IMPORTANT: Lower fees for comparable services may be available from other sources. At no time do
we require prepayment of $1,200 or more six months or more in advance of rendering services.

Wealth Management Fees
Our ongoing wealth management services combine an annual advisory fee based on assets under
management with a separate planning retainer fee.
Advisory Fee
The annual advisory fee for all ongoing wealth management tiers is 0.90% of assets under
management for accounts up to $2,000,000. For clients whose household assets under management
reach $2,000,001 or more, the annual advisory fee is reduced to 0.65% on all assets.
Up to $2,000,000: 0.90%
$2,000,001 and above: 0.65%

The advisory fee is paid monthly in arrears based on the average daily balance of assets held in
custodial accounts. We may allow accounts of members of the same household to be aggregated for
purposes of determining the applicable fee rate.

Planning Retainer Fees
In addition to the advisory fee, clients in ongoing wealth management tiers pay a separate planning
retainer that reflects the scope and complexity of financial planning services provided. Planning
retainers are billed separately, typically on a quarterly basis. The retainer is higher in the first year of
the engagement to account for the initial planning and onboarding process, and is reduced in
subsequent years.
Guided Wealth Management (GWM) Essentials: Year 1 — $6,000 / Year 2+ — $4,500
Guided Wealth Management (GWM) Premier: Year 1 — $9,000 / Year 2+ — $7,000
Comprehensive Wealth Management (CWM): Year 1 — $18,000 / Year 2+ — $15,000
Business Wealth Management (BWM): Year 1 — $12,000 / Year 2+ — $9,000
Planning retainer fees are negotiable and may vary based on the complexity of a client's situation.
The specific planning retainer is established at the time of engagement and documented in the
client's Advisory Agreement.

Tax Preparation Credit
Clients enrolled in certain ongoing service tiers receive an annual credit toward tax preparation costs
coordinated through our firm:
Guided Wealth Management (GWM) Essentials: $275
GWM Premier: $450
Comprehensive Wealth Management (CWM): $450
Business Wealth Management (BWM): $450
This credit is applied toward the cost of tax preparation services coordinated through our firm and is
not redeemable for cash or applicable to other services.

Investment Management Only
For clients seeking discretionary investment management without ongoing financial planning
services, our annual advisory fee is 0.65% of assets under management. This service requires a
minimum of $100,000 in investable assets. The advisory fee is paid monthly in arrears based on the
average daily balance of assets held in custodial accounts.

Project-Based Financial Planning
We offer distinct project-based planning options, each designed for a specific client profile and
scope of services. Project fees range from $500 to $10,000 depending on complexity.
$500 – $1,500: Portfolio Snapshot, focused single-issue analysis

$1,500 – $3,500: Early-Career Foundations, Household Coordination
$3,500 – $7,500: Retirement Readiness, comprehensive multi-area planning
$7,500 – $10,000: Complex situations with business, estate, or cross-border elements

Legacy Client Fee Schedule
For legacy clients under prior agreements, the following tiered fee schedule applies:
$0 – $200,000: 1.50%
$200,001 – $500,000: 1.35%
$500,001 – $1,000,000: 1.15%
$1,000,001 – $2,000,000: 1.00%
$2,000,001 – $5,000,000: 0.80%
$5,000,001 and Above: 0.65%
Termination and Refund Policy
Clients may terminate their advisory agreement at any time upon 30 days’ written notice to the firm.
For ongoing wealth management services, advisory fees paid in advance will be prorated and
refunded for the portion of the billing period following the termination date. For project-based
financial planning engagements, if the engagement is terminated prior to completion, the client may
receive a prorated refund based on the portion of services not yet rendered. No refund applies to
services already delivered.

Other Fees and Expenses
Our fees are exclusive of brokerage commissions, transaction fees, and other related costs and
expenses which may be incurred by the Client. These may include:
    • Custodial fees and transfer taxes
    • Wire transfer and electronic fund fees
    • Mutual fund and ETF internal management fees
Clients engaged with Anchorage Digital for cryptocurrency custody will be charged a maximum
annual asset-based fee of 20 basis points for custody services, plus 20 basis points per trade. These
fees are charged by Anchorage Digital in addition to our advisory fee and are not deducted from or
offset against our advisory fee.

Item 7 — Types of Clients
We provide financial planning and investment management services to:

    • Individuals
    • High net-worth individuals
    • Corporations and other businesses
    • Trusts
    • Families and households
We generally do not impose minimum account size requirements. Our Investment Management
Only service requires a minimum of $100,000 in investable assets. No minimum applies to our
wealth management or project-based planning services. Certain custodial platforms or portfolio
model strategies may impose their own minimums; clients will be informed of any such
requirements at the time of engagement.