Item 5. Fees and Compensation
We are required to describe our brokerage, custody, fees and fund expenses so you will know how
much you are charged and by whom our advisory services provided to you. Our fees are not
negotiable. Lower fees for comparable services may be available from other sources.
A. Description of how we are compensated for our advisory services provided to you.
(i) Jasmijn Capital Wealth Management Platform – Advisor Managed Portfolio Program
We offer Advisor Managed Portfolios as an account where transactions charges apply but are
absorbed by the custodian. For the client, a single fee is paid for all advisory services and
transactions ("NTF Account").
The fee is calculated as the average daily value for the preceding number of days for the quarter
multiplied by 25% of the annual fee charged to the client. Under no circumstances will the fee
charged by the investment manager exceed 2% annually. (Sum of average daily
value/91x.0025) The illustration is assuming an annual fee of 1%.
Employees of the company include:
David A Melling, Managing Member CRD 2155672, Insurance Agent, Utah #992528
Jordan V Schwartz, Member CRD 6680759
Cheri Hawes, Market Manager
Jana Watkins, Social Media Director
Our Advisor Managed Portfolios account fee schedule is as follows:
All discretionary assets for NTF accounts will be calculated according to the maximum fee
schedule below:
Advisor Managed Portfolio NTF MAXIMUM Fees
Asset Level Client Fee %
From $0 to $750,000 1.25% annually, .3125% quarterly
$750,001 to $1,000,000 Up to 1.15% annually, .2875% quarterly
$1,250,001 + Up to 1.1% annually, .275% quarterly
For all non-discretionary accounts, our firm will charge a flat fee of 1.8% on all assets under
management.
We manage $71,004,440 on a discretionary basis and $0 on a non-discretionary basis as of
December 31, 2025.
B. Description of any other types of fees or expenses clients may pay in connection with our
advisory services, such as custodian fees or mutual fund expenses.
Clients will pay the following separately incurred expenses, which we do not receive any part
of: charges imposed directly by a mutual fund, index fund, or exchange traded fund which shall
be disclosed in the fund’s prospectus (i.e., fund management fees and other fund expenses).
Please refer to Item 12 of this brochure for more information about our firm’s brokerage
practices.
C. We must disclose if a client’s advisory fees are due quarterly in advance. Explain how a client
may obtain a refund of a pre-paid fee if the advisory contract is terminated before the end of
the billing period. Explain how you will determine the amount of the refund.
You will pay a quarterly account fee, in advance, based upon the average daily value of the
assets held in your account over the preceding calendar quarter. Your account fees are non-
negotiable and will be debited from your account by our custodian for all account types.
Advisory fees are paid through the custodian from your account on all accounts, discretionary,
and non-discretionary alike. If you terminate your account, the account fee will be credited back
to you by the custodian on a pro-rata basis for the unused portion of the quarter.
D.
E. Jasmijn , and its representatives, do not accept compensation for the sale of securities
Additional ancillary fees may apply and are charged directly to your account by Axos. These
may include IRA trustee fees, and account closure and transfer fees. All ancillary fee amounts
are included in the disclosure documents you receive when opening your account.
We charge our advisory fees quarterly in advance for the following services: Jasmijn Capital
Managed Portfolios. In the event that you wish to terminate our services, Axos will refund the
unearned portion of our advisory fee to you in the form of a credit upon termination. You need
to contact us in writing and state that you wish to terminate our services. Upon receipt of your
letter of termination, we will proceed to close out your account and Axos will process a pro-
rata refund of unearned advisory fees.
David Melling is a licensed insurance agent, and may recommend the purchase of investment
products to advisory clients. This represents a conflict of interest, in that the commission on the sale
of those products may be higher than the fees paid in an advisory relationship. Mr. Melling only
recommends the purchase of fixed annuities as an alternative to debt securities (bonds) as part of an
overall asset allocation strategy. The advisor charges no fees on any of those insurance products,
nor accepts any other forms of compensation from the insurance companies he represents. Clients
have the right to purchase those insurance products from other sources, and are under no obligation
to purchase them from Mr. Melling.