Inlet Private Wealth LLC

Item 5 Fees and Compensation
Portfolio Management Services
Our annual fee for portfolio management services is equal to 1.00% of the market value of your assets
under our management. Assets in each of your account(s) are included in the fee assessment unless
specifically identified in writing for exclusion.

Our annual portfolio management fee is billed and payable, monthly in advance, based on the trade
date balance on the last day of the previous month and includes accrued interest. The fee is not
adjusted to account for any deposits or withdrawal of assets during the month.

If the portfolio management agreement is executed at any time other than the first day of a calendar
month, the initial fee billing period will begin on the first day of the month after which the agreement
was executed. Our advisory fee is negotiable, at our discretion, depending on individual client
circumstances, the market value of your assets under our management, the type and complexity of the
asset management services provided, as well as the level of administration requested either directly or
assumed by the client.

For trust accounts, we manage through National Advisors Trust Company, our annual portfolio
management fee for these trust accounts is billed and payable, monthly in arrears, based on the trade
settlement date balance on the last day of the billing period and does not include accrued interest. The
fee is not adjusted to account for any deposits or withdrawal of assets during the month. The annual
portfolio management fee for trust accounts, managed through National Advisors Trust Company, is
based on 360 calendar days rather than a 365 day period. As a result each month's billing represents
1/12 of the annual fee. Thus this works out to an average 30 day billing period for each month.

If the investment management agreement for accounts we manage through National Advisors Trust
Company is executed at any time other than the first day of a calendar month, our fees will apply on a
pro rata basis, which means the fee is prorated for the initial month, and thereafter paid monthly in
arrears based upon the balance at end of the billing period. Our advisory fee is negotiable, at our
discretion, depending on individual client circumstances, the market value of your assets under our
management, the type and complexity of the asset management services provided, as well as the level
of administration requested either directly or assumed by the client. For more information about our
relationship with National Advisors Trust Company see item 10 Other Financial Industry Activities and
Affiliations.

At our discretion, we may combine the account values of family members living in the same household
to determine the applicable advisory fee. For example, we may combine account values for you and
your minor children, joint accounts with your spouse, and other types of related accounts.

We will deduct our fee directly from your account through the qualified custodian holding your funds
and securities. We will deduct our advisory fee only when you have given our firm written authorization
permitting the fees to be paid directly from your account. Further, the qualified custodian will deliver an
account statement to you at least quarterly. These account statements will show all disbursements
from your account. You should review all statements for accuracy.

You may terminate the portfolio management agreement upon 7 days written notice. You will incur a
pro rata charge for services rendered prior to the termination of the portfolio management agreement,
which means you will incur advisory fees only in proportion to the number of days in the month for
which you are a client. If you have pre-paid advisory fees that we have not yet earned, you will receive
a prorated refund of those fees.

Sub-Advisory Services for Registered Investment Advisers
Fees and payment arrangements are negotiable and will vary on a case-by-case basis.

Additional Fees and Expenses
As part of our investment advisory services to you, we may invest, or recommend that you invest, in
mutual funds, private equity real estate funds, and exchange traded funds. The fees that you pay to
our firm for investment advisory services are separate and distinct from the fees and expenses
charged by mutual funds, private equity real estate funds, or exchange traded funds (described in each
fund's prospectus) to their shareholders. These fees will generally include a management fee and
other fund expenses. You will also incur transaction charges and/or brokerage fees when purchasing
or selling securities. These charges and fees are typically imposed by the broker-dealer or custodian
through whom your account transactions are executed. We do not share in any portion of the
brokerage fees/transaction charges imposed by the broker-dealer or custodian. To fully understand the
total cost you will incur, you should review all the fees charged by mutual funds, exchange traded
funds, private equity, private real estate, our firm, and others. For information on our brokerage
practices, refer to the Brokerage Practices section of this brochure.

We may trade client accounts on margin. Each client must sign a separate margin agreement before
margin is extended to that client account. Fees for advice and execution on these securities are based
on the total asset value of the account, which includes the value of the securities purchased on margin.
While a negative amount may show on a client's statement for the margined security as the result of a
lower net market value, the amount of the fee is based on the absolute market value. This creates a
conflict of interest where we have an incentive to encourage the use of margin to create a higher
market value and therefore receive a higher fee. The use of margin may also result in interest charges
in addition to all other fees and expenses associated with the security involved.

Account Additions and Withdrawals
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Item 7 Types of Clients
We offer investment advisory services to individuals (other than high net worth individuals), high net
worth individuals, trusts, estates and charitable organizations.

We do not have an individual minimum account size; however, we require a minimum of $1 million for
a combined household relationship that wishes to open and maintain advisory accounts with our Firm.
At our discretion, we may waive this minimum account size. For example, we may waive the minimum
if you appear to have significant potential for increasing your assets under our management.

We may also combine account values for you and your minor children, joint accounts with your
spouse, and other types of related accounts to meet the stated minimum.