JP Morgan Private Wealth Advisors LLC

Item 5 – Fees and Compensation
Investment Management Fee
JPMPWA offers its advisory services on a fee basis, which can include an annual percentage rate charged
on the total assets managed (i.e., not on a tiered basis), an annual fee charged on a percentage of the
market value of the assets subject to the fee within incremental fee tiers or tranches (i.e., on a tiered or
tranche basis), or a flat fee; it can also include an annual percentage rate charged on capital commitments
or net invested capital, when there is an investment in a pooled investment vehicle. Effective October 1,
2023, investment management accounts for new Clients will be opened under a flat percentage rate or fee
as detailed below (i.e., not on a tiered or tranche basis).
Fees will generally be charged on any accrued dividends and interest. For certain option accounts,
JPMPWA’s fee is charged on a percentage of the notional value of the assets. JPMPWA’s annual fee is
prorated and generally billed quarterly in advance, based upon the market value of the assets subject to the
fee on the last business day of the previous quarter (or, in the absence of a then-current known market value,
the last known market value). The annual fee varies depending upon the market value of the assets,
including cash balances, subject to the fee and the type of investment advisory services to be rendered. The
fees are deducted from Clients’ assets or paid directly by the Client. At the end of 2020, a billing
methodology was introduced for pooled investment vehicles which allowed for the billing of fees outside
the vehicle and according to the terms of the investor’s investment management agreement with JPMPWA.

Effective October 1, 2023, for new Clients
Standard Investment Management Flat Fee Schedule
                  Equity/Balanced Portfolios
     Assets Under Management                        Total Fee
 $0-$2 million                                       1.50%
 $2-$5 million                                       1.40%
 $5-$10 million                                      1.15%
 $10-$25 million                                     0.85%
 Over $25 million                                    0.70%

                Fixed Income Portfolios(1)
     Assets Under Management             Total Fee
           < $10 million                   0.40%
         $10 - $25 million                 0.35%
       $25 million or greater              0.30%
(1) Generally, applies to accounts with 90% or more of the aggregate investments under management are held in cash, cash alternatives, bonds,
fixed income funds (mutual funds, ETFs), and fixed income separately managed accounts.

Cash Management Fee Schedule
            Cash Management Portfolios (1)
     Assets Under Management         Total Fee                             Total Fee for U.S. Treasury Only
           < $10 million               0.20%                                            0.15%
         $10 - $25 million             0.18%                                            0.13%
         $25 – $50 million             0.15%                                            0.10%
         $50 - $75 million             0.13%                                            0.08%
        $75 - $100 million             0.10%                                            0.06%
      $100 million or greater          0.08%                                            0.05%
 (1) Cash management accounts generally invest in individual securities with a maximum maturity of 24 months per security.

 Nonprofits, Endowments, and Foundations Fee Schedule
                    Equity/Balanced Portfolios
      Assets Under Management                         Total Fee
   $0 - $10 million                                    0.70%
   $10 - $25 million                                   0.45%
   $25 - $50 million                                   0.40%
   $50 - $100 million                                  0.35%
   $100 million or greater                             0.30%

                  Fixed Income Portfolios
       Assets Under Management            Total Fee
             < $10 million                 0.30%
           $10 - $25 million               0.25%
         $25 million or greater            0.20%

The maximum annual advisory fee rate charged by JPMPWA’s is 2.00% of the total assets managed.

Prior to October 1, 2023
Standard Investment Management Fee Schedule:
                  Equity/Balanced Portfolios
    Assets Under Management                      Incremental Fee
 First $2 million                                     1.50%
 $2 - $5 million                                      1.25%
 $5 - $10 million                                     0.75%
 $10 - $25 million                                    0.60%
 $25 million or greater                               0.45%

               Fixed Income Portfolios(1)
    Assets Under Management            Total Fee(2)
          < $10 million                   0.40%
        $10 - $25 million                 0.35%
      $25 million or greater              0.30%
 (1) Generally applies to accounts with 90% or more of the aggregate investments under management are held in cash, cash alternatives,
 bonds, fixed income funds (mutual funds, ETFs), and fixed income separately managed accounts.
 (2) All fixed income assets are charged a fee based on total fixed income assets managed (not on a tiered basis).

Cash Management Fee Schedule
           Cash Management Portfolios (1)
    Assets Under Management        Total Fee(2)                            Total Fee(2) for U.S. Treasury Only
          < $10 million               0.20%                                               0.15%
        $10 - $25 million             0.18%                                               0.13%
        $25 – $50 million             0.15%                                               0.10%
        $50 - $75 million             0.13%                                               0.08%
...

Item 7 – Types of Clients
JPMPWA generally provides investment advice to: individuals, families, trusts (including estates or
charitable foundations), pensions, defined contribution plans, profit sharing plans, banks, for-profit and not-
for-profit institutions and other business entities as well as the Eagle Alternative Investment Funds.

The annual fee varies but will represent less than 3% of the assets under management for Clients prior to
October 1, 2023. For new clients effective October 1, 2023, the maximum annual advisory fee rate is 2%
of the total assets managed. JPMPWA reserves the right to adjust or waive a minimum annual fee for
investment advisory services and to impose an initial set-up fee.
JPMPWA also provides online investment management through Eagle Invest which is not subject to the
annual fee requirement but is subject to a minimum account size of $5,000. Eagle Invest is only available
to current clients with existing accounts. Eagle Invest was not offered or available to new business effective
October 15, 2023.