Item 5: Fees & Compensation
Compensation for Our Advisory Services
Asset Management:
The maximum annual fee charged for this service will not exceed 2.00%. Fees to be assessed will be
outlined in the advisory agreement to be signed by the Client. Our firm bills on cash unless indicated
otherwise in writing. Annualized fees are billed on a pro-rata basis quarterly in advance or arrears
based on the value of the account(s) on the last day of the previous quarter. Fees are negotiable and
will be deducted from client account(s). In rare cases, our firm will agree to directly invoice. As part
of this process, Clients understand the following:
a) Clients must provide our firm with written authorization permitting direct payment of
advisory fees from their account(s) maintained by a custodian who is independent of our
firm;
b) Our firm sends quarterly statements to the client showing the fee amount, the value of the
assets upon which the fee is based, and the specific manner in which the fee is calculated as
ADV Part 2A – Firm Brochure Page 6 Ignite Planners LLC
well as disclosing that it is the client’s responsibility to verify the accuracy of fee calculation,
and that the custodian does not determine its accuracy; and
c) The account custodian sends a statement to the client, at least quarterly, showing all account
disbursements, including advisory fees.
Financial Planning & Consulting:
Our firm charges on an hourly or flat fee basis for financial planning and consulting services. The total
estimated fee, as well as the ultimate fee charged, is based on the scope and complexity of our
engagement with the client. The maximum hourly fee to be charged will not exceed $500. Flat fees
will not exceed $50,000. The fee-paying arrangements will be determined on a case-by-case basis
and will be detailed in the signed consulting agreement. Our firm will not require a retainer exceeding
$1,200 when services cannot be rendered within 6 months.
Pontera:
Our firm does not charge an additional fee for held away assets such as defined contribution plan
participant accounts. Pontera charges a 0.25% fee for those assets. Our firm will not charge clients
the 0.25% Pontera fee and will cover the additional cost of this service.
Referrals to Third Party Money Managers:
The total annual advisory fee for this service shall not exceed 2.50%. A portion of this fee will be paid
to our firm and will be outlined in the third-party money manager’s advisory agreement to be signed
by the client. Clients will be provided with a copy of the chosen third party money manager’s Form
ADV Part 2, all relevant Brochures, a solicitation disclosure statement detailing the fees to be paid to
both firms and the third-party money manager’s privacy policy. All fees that our firm receives from
the third-party money managers and the written separate disclosures made to clients regarding
these fees comply with applicable state statutes and rules. The billing procedures for this service vary
based on the chosen third-party money manager. The total fee to be charged, as well as the billing
cycle, will be detailed in the third-party money manager’s ADV Part 2A and separate advisory
agreement to be signed by the client.
Other Types of Fees & Expenses
Clients will incur transaction charges for trades executed by their custodian via individual
transaction charges. These transaction fees are separate from our firm’s advisory fees and will be
disclosed by the custodian. Charles Schwab & Co., Inc. (“Schwab”) does not charge transaction fees
for U.S. listed equities and exchange traded funds.
Clients may also pay holdings charges imposed by the custodian for certain investments, charges
imposed directly by a mutual fund, index fund, or exchange traded fund, which shall be disclosed in
the fund’s prospectus (e.g., fund management fees and other fund expenses), distribution fees,
surrender charges, variable annuity fees, IRA and qualified retirement plan fees, mark-ups and mark-
downs, spreads paid to market makers, fees for trades executed away from custodian, wire transfer
fees and other fees and taxes on brokerage accounts and securities transactions. Our firm does not
receive a portion of these fees.
ADV Part 2A – Firm Brochure Page 7 Ignite Planners LLC
Private Fund Fees
Subject to disclosures in the Ignite Planners Private Funds respective Offering Documents, investors
will pay a management fee and an annual performance-based allocation (the “Performance
Allocation”)- as further described in Item 6 below.
For the services it renders to the Funds, the Adviser shall receive a quarterly management fee equal
to 0.50% (2.00% annually) of each Investor’s capital account (the “Management Fee”). The
Management Fee is accrued as of the first business day of each calendar quarter. The Management
Fee is payable quarterly in advance. A pro rata Management Fee will be charged to Investors on any
amounts permitted to be invested during any quarter, but will not be refunded on any amounts
permitted to be withdrawn during any quarter. The Adviser, in its sole and absolute discretion, may
waive any or all of the Management Fee in respect of any Investor without notice to or the consent of
other Investors.
Administrator fees: NAV Consulting Inc, the funds administrator, charges fees based on the size of
the fund, subject to a monthly minimum. The fees are paid out of the fund’s assets.
Fees are billed separately on a quarterly billing cycle through the clients Schwab account.
These fees are subject to the terms outlined in the funds’ Offering Documents and the manager has
discretion to adjust certain fees for specific investors. See Item 10 for more information.
Termination & Refunds
Either party may terminate the advisory agreement signed with our firm for Asset Management
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