Invictus Private Wealth LLC

Item 5: Fees & Compensation

Compensation for Our Advisory Services

Comprehensive Portfolio 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. Annualized fees are billed on a pro-
rata basis quarterly in advance based on the time weighted daily average value of the account(s) of
the previous quarter. Fees are negotiable and will be deducted from client account(s). Unless
otherwise agreed to in writing, our advisory fees will be assessed on cash and cash equivalents. Our
firm does not offer direct invoicing. As part of this process, Clients understand the following:

    a) The client’s independent custodian sends statements at least quarterly showing the market
       values for each security included in the Assets and all account disbursements, including the
       amount of the advisory fees paid to our firm;
    b) Clients will provide authorization permitting our firm to be directly paid by these terms. Our
       firm will send an invoice directly to the custodian; and
    c) If our firm sends a copy of our invoice to the client, a legend urging the comparison of
       information provided in our statement with those from the qualified custodian will be
       included.

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. Flat fees will not exceed $10,000. Our firm generally requires that fees
for Financial Planning and Consulting services be paid in advance via check made out to our firm. 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.

Retirement Plan Consulting:

The maximum annual fee charged for this service will not exceed 0.50%. The ultimate fee charged is
based on the scope and complexity of our engagement with the client. The fee-paying arrangements
will be determined on a case-by-case basis and will be detailed in the signed consulting agreement.

Other Types of Fees & Expenses

Clients may incur transaction fees for trades executed by their chosen custodian. These transaction
fees are separate from our firm’s advisory fees and will be disclosed by the chosen custodian. Charles

ADV Part 2A – Firm Brochure                    Page 6                         Invictus Private Wealth, LLC

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 chosen 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.

Termination & Refunds

Either party may terminate the advisory agreement signed with our firm for Comprehensive
Portfolio Management services in writing at any time. Upon notice of termination our firm will
process a pro-rata refund of the unearned portion of the advisory fees charged in advance.

Either party to a Retirement Plan Consulting Agreement may terminate at any time by providing
written notice to the other party. Full refunds will only be made in cases where cancellation occurs
within 5 business days of signing an agreement. After 5 business days from initial signing, either
party must provide the other party 30 days written notice to terminate billing. Billing will terminate
30 days after receipt of termination notice. Clients will be charged on a pro-rata basis, which takes
into account work completed by our firm on behalf of the client. Clients will incur charges for bona
fide advisory services rendered up to the point of termination (determined as 30 days from receipt
of said written notice) and such fees will be due and payable.

Commissionable Securities Sales

Representatives of our firm are registered representatives of Purshe Kaplan Sterling Investments,
Inc. (“PKS”), member FINRA/SIPC. As such they can accept compensation for the sale of securities or
other investment products, including distribution or service (“trail”) fees. Clients should be aware
that the practice of accepting commissions for the sale of securities presents a conflict of interest and
gives our firm and/or our representatives an incentive to recommend investment products based on
the compensation received. Our firm generally addresses commissionable sales conflicts that arise
when explaining to clients these sales create an incentive to recommend based on the compensation
to be earned and/or when recommending commissionable mutual funds, explaining that “no-load”
funds are also available. Our firm does not prohibit clients from purchasing recommended
investment products through other unaffiliated brokers or agents.

Item 7: Types of Clients & Account Requirements

Client Types:

Individuals and High Net Worth Individuals; Trusts, Estates or Pension and Profit-Sharing Plans;
Corporations, Limited Liability Companies and/or Other Business Types

Account Requirements:

Our firm requires a minimum household account balance of $1,000,000 for our Comprehensive
Portfolio Management service. Generally, this minimum account balance requirement is not
negotiable and would be required throughout the course of the client’s relationship with our firm.
Exceptions may be made on a case-by-case basis at our firm’s discretion.