Item 5 – Fees and Compensation
The Registrant offers to provide investment consulting services. If these services are outside the scope of
its investment management services, or if a client needs services that are in excess of what is generally
provided, the Registrant would charge a fee for such services. Any such fees would be negotiable and
agreed upon in advance. Where the Registrant charges a fee for investment consulting services, the client
will be required to enter into a written agreement with the Registrant setting forth the terms and conditions
of the engagement and describing the scope of the services to be provided, along with the associated fee.
Separately Managed Accounts – Fees and Compensation
The Registrant provides investment management services on a fee basis to individual clients. If engaged,
the Registrant charges an annual fee based upon a percentage of the market value of the assets, including
accrued interest, being managed by the Registrant. The Registrant’s annual fee is exclusive of, and in
addition to brokerage commissions, transaction fees, and other related costs and expenses which shall be
incurred by the client. The Registrant’s annual fee shall be prorated and charged quarterly in arrears. Fees
are based upon the average of the last day of each of the previous three months, including accrued interest,
(during the billing quarter for arrears billing). The annual fee varies (between 0.25% and 1.50%)
depending upon the market value of the assets under management and the type of investment management
services to be rendered. The Registrant also provides investment advisory services to funeral trusts. The
Registrant charges an annual advisory fee based on the market value, including accrued interest, of the
funeral trust assets being managed by the Registrant.
Clients will incur certain charges imposed by the Financial Institution(s) and other third parties such as
custodial fees, charges imposed directly by a mutual fund or exchange traded fund in the account, which
shall be disclosed in the fund’s prospectus (e.g., fund management fees and other fund expenses), deferred
sales charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and other fees
and taxes on brokerage accounts and securities transactions. Additionally, clients will incur brokerage
commissions and transaction fees. Such charges, fees and commissions are exclusive of and in addition
to the Registrant’s fee.
The Registrant’s Investment Advisory Agreement and/or the separate agreement with the Financial
Institution(s) may authorize the Registrant through the Financial Institution(s) to debit the client’s account
for the amount of the Registrant’s fee and to directly remit that management fee to the Registrant in
accordance with applicable custody rules or the client may elect to be billed directly. The Financial
Institution(s) recommended by the Registrant have agreed to send a statement to the client, at least
quarterly, indicating all amounts disbursed from the account including the amount of management fees
paid directly to the Registrant.
To the extent that margin is employed by the Registrant in the management of the client’s investment
portfolio, the market value of the client’s managed assets and corresponding fee payable by the client to
the Registrant will be increased. As a result, in addition to understanding and assuming the additional
principal risks associated with the use of margin, clients are advised of the potential conflict of interest
whereby the decision to employ margin shall correspondingly increase the management fee payable to the
Registrant.
Kings Point Capital Management LLC
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The client can make additions to and withdrawals from the account at any time, subject to the Registrant’s
right to terminate an account, and subject to the usual and customary securities settlement procedures.
The Registrant designs its portfolios as long-term investments and asset withdrawals can impair the
achievement of a client’s investment objectives. Clients should provide notice to the Registrant of their
intent to withdraw funds.
For the initial quarter of investment management services, the first quarter’s fees shall be calculated on a
pro rata basis. The Investment Advisory Agreement between the Registrant and the client will continue
in effect until terminated by either party pursuant to the terms of the agreement which may be terminated
at any time. The Registrant’s fee shall be prorated through the date of termination and charged to the
client, as appropriate, in a timely manner.
Subadvisory Accounts - Fees and Compensation
The Registrant offers to provide subadvisory services to other investment advisers. The Registrant shall
charge an annual fee based upon a percentage of the market value of the assets, including accrued interest,
being managed by the Registrant. The Registrant’s annual fee is exclusive of, and in addition to brokerage
commissions, transaction fees, and other related costs and expenses which shall be incurred by the client.
The Registrant’s annual fee shall be prorated and charged quarterly in arrears. The annual fee varies
depending upon the market value of the assets, including accrued interest, under management. The
subadvisory fee is payable quarterly in arrears at the end of each calendar quarter.
Fees could be either based upon the average daily market value of the account, including accrued interest,
or the average of the last day of the previous three months, including accrued interest (during the billing
quarter for arrears billing). Annual fees vary (between 0.25% and 1.50%) depending upon the market
value of the assets under management and the type of investment management services to be rendered.
Clients will incur certain charges imposed by the Financial Institution(s) and other third parties such as
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