Jackson Hole Capital Partners LLC

Item 5 – Fees and Compensation

Adviser Compensation

JHCP charges fees for investment management and investment consulting services that are based on
a percentage of assets under management as well as fixed consulting fees. For accounts that are
charged based on a percentage of assets under management, these accounts are billed quarterly in
arrears based on the account’s billable value as of the last day of each calendar quarter. Our billing
methodology accounts for any cash flows (additions or withdrawals) that occur during the period.
For example, if an account is opened at the beginning of a quarter but funded partway through the
period, our billing will be prorated to reflect the timing of the inflow. The advisory fee will then be

Jackson Hole Capital Partners, LLC                                                     Disclosure Brochure

calculated on the adjusted account balance at quarter-end, based on the number of billable days the
assets were under management.
JHCP’s investment management fee schedule ranges from 0.0.20% to 1.00% of the market value of
the account, depending upon the services and investment mandate for that individual client. Clients
are responsible for any commissions or transaction costs charged by the custodian in association
with implementing and maintaining this strategy.

Financial planning services for an existing management client are generally included in the advisory
fee described above, but we reserve the right to charge separately for investment consulting and
financial planning services.

JHCP may negotiate the fee charged in certain circumstances, such as the account having a
substantially larger than average value or other factors impacting the relationship of the account. In
all cases, JHCP discloses the fee charged prior to services being provided and includes the fee
schedule in the client’s investment management agreement.

For accounts opened mid-billing period, fees are prorated based on the number of days’ services are
provided during the initial billing period.

Private Investment Funds

Private Investment Fund investors bear their proportionate share of the applicable investment
management fee charged to such Private Investment Fund. Compensation earned by JHIP for
providing investment advisory services to the Private Investment Funds is generally comprised of an
asset-based management fee, which does not exceed 1.25% and is generally payable quarterly in
advance. In the event that an advisory agreement is terminated prior to the conclusion of a billing
period, JHIP and JHCP will refund a pro rata portion of any pre-paid management fees. The
management fee is generally deducted directly from the Private Investment Fund. Private
Investment Funds that hold private equity, real estate or other illiquid investments are typically
charged fees based upon the capital commitments made by investors rather than the market value of
the relevant Private Investment Fund.

In addition, as described in Item 6 – Performance-Based Fees and Side-by-Side Management, JHCP or
its affiliates has the potential to earn performance-based compensation from the Private Investment
Funds in the form of a carried interest in profits. Details about a particular Private Investment Fund’s
specific fee structure can be found in the relevant Private Investment Fund’s offering documents.

Deduction of Fees

Clients can elect to have the fee deducted from their account or billed directly and due upon receipt
of the billing notice. If clients elect to have the fee automatically deducted from an existing account,
they are required to provide the custodian with written authorization to deduct the fees from the
account and pay the fees to JHCP. JHCP provides the custodian with a fee notification statement.

The custodian will send account statements to clients at least quarterly showing all disbursements
from the account, including advisory fees. Clients should review account statements received from
their account custodian and verify that appropriate advisory fees are being deducted.

Other Non-Advisory Fees

Clients should be aware that they can invest in some mutual funds and exchange traded funds
(“ETFs”) directly, without the services of JHCP. But in this case, they would not receive the services
provided by JHCP that are designed to, among other things, assist them in determining which mutual

Jackson Hole Capital Partners, LLC                                                     Disclosure Brochure

funds or ETFs, and level of allocation, are more appropriate to their financial condition and
objectives. Accordingly, clients should review both the fees charged by the mutual fund(s), ETFs and
JHCP to fully understand the total fees that they will pay.

Clients may be charged fees by other parties in connection with the investment advice provided by
JHCP. These other fees may include brokerage commissions and/or transaction fees charged by the
client’s custodian. In addition, clients may incur certain charges imposed by third parties other than
JHCP in connection with investments made through the account including, but not limited to, mutual
fund sales loads, 12(b)-1 fees, contingent deferred sales charges and surrender charges, and IRA and
qualified retirement plan fees. Management fees charged by JHCP are separate and distinct from the
fees and expenses charged by investment company securities that may be recommended to the client.
A description of these fees and expenses are available in each security prospectus.

JHCP may assist the client in establishing a managed account(s) through a qualified custodian. Clients
can direct JHCP to use a specific custodian or can allow JHCP to recommend a custodian based on
currently established relationships. When clients direct the use of a particular custodian, JHCP may
not be able to obtain the best prices and execution for the transaction. Clients who direct the use of
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Item 7 – Types of Clients

JHCP generally provides investment advice to individuals, including high net worth, family offices,
trusts, estates charitable organizations, corporations, private funds, including special purpose
vehicles and other business entities. JHCP has a minimum investment amount of $2 million for
clients. This amount can be waived at the discretion of the JHCP.

JHIP and JHCP provide portfolio management services to private pooled investment vehicles. The
minimum investment in a Private Investment Fund can be found in the relevant Private Investment
Fund’s offering documents.