ITEM 5 - FEES AND COMPENSATION
Fee Schedule
Investment Advisory Services
Knightsbridge charges an advisory fee for investment advisory services based on a
percentage of the client’s total assets under management. Our maximum annual fee
charged is 1.5%. The specific advisory fees are set forth in your Investment Management
Agreement.
Other Fee Arrangements
There may be certain circumstances where our standard fee schedule does not apply.
Firm Brochure
Knightsbridge Wealth Management 6 Revised March 31, 2026
1. Knightsbridge reserves the right to negotiate fees.
2. We may reduce or waive fees for employees of the firm and their family members or
other parties.
3. With certain clients, we have negotiated a performance-based incentive fee. Item 6 –
Performance-Based Fee and Side-by-Side Management contains more information
on these arrangements.
4. In some cases, Knightsbridge manages portfolios for clients of third-party advisory,
consulting, or brokerage firms, or provides non-discretionary investment advice for a
reduced fee.
5. Sometimes a client may be introduced to Knightsbridge by a promoter. In these
cases, the fee schedule in the client’s agreement may be specific to that particular
promoter and may vary from our standard fee schedule. For additional details about
our referral arrangements, see Item 14 – Client Referrals and Other Compensation.
6. Certain client agreements may feature a fee schedule which declines over time.
Billing Method
Knightsbridge charges fees in advance or arrears depending on the nature of the client
relationship.
Fees are calculated quarterly based on the portfolio value of the client’s assets under
management, including accrued interest, at the close of business on the last day of each
calendar quarter. All assets in any form in the client’s account are considered in determining
the portfolio value, including cash balances, money market assets, equity and debt
positions.
Knightsbridge will pro-rate fees for any periods where it managed the account for less than
a full calendar quarter (such as inception or termination of an account). Fees are due no
later than 30 days after the calendar quarter.
Clients generally authorize Knightsbridge to have advisory fees withdrawn directly from
their custodian account. For those custodians where Knightsbridge has the ability to debit
fees, Knightsbridge will instruct the custodian to automatically withdraw its advisory fee
from the client’s account on a quarterly basis. For those custodians where Knightsbridge
does not have authority to debit fees, Knightsbridge will send an invoice to the custodian
displaying the amount of the fee and the fee calculation. Knightsbridge may also
accommodate client requests to be billed directly.
All clients will receive brokerage statements from the custodian no less frequently than
quarterly. The custodian statement will reflect the deduction of the advisory fee for those
clients who authorize the advisory fees to be withdrawn directly from their custodian
Firm Brochure
Knightsbridge Wealth Management 7 Revised March 31, 2026
account. It is the client’s responsibility to verify the accuracy of the fee calculation. The
custodian will not determine whether the fee is properly calculated.
Termination of Agreements
Either party may terminate the agreement upon ten (10) days written notice to the other
party; however, the client can revoke our discretionary authority over the account at any
time; the client will then be responsible for paying fees for services through the effective
date of termination. Any notice shall be deemed effective upon actual receipt of written
acknowledgement.
Upon notice of termination, Knightsbridge will calculate the final fees due for services
provided through the date of termination. Any advisory fees earned for services provided
will be due upon termination. Knightsbridge will refund any unearned fees, prorated to the
effective date of termination.
Sub-Advisory Relationships and Wrap Programs
The annual fees Knightsbridge receives through a third-party wrap program is 0.50%. The
fees Knightsbridge receives for providing investment management services do not include
other fees charged by the third-party adviser to the client. Fees under this program are
billed in advance, and Knightsbridge is paid by the third party.
Clients using Knightsbridge as a sub-adviser through third-party adviser or wrap fee
programs may terminate management services per the terms in the agreement, which vary
by program.
Services to Related Private Fund
The Fund offers two (2) classes of limited partnership interests (the “Interests”):
Management Fee Class Interests and Performance Allocation Class Interests. A Limited
Partner investing in the Fund may subscribe for one, and only one, of either (i) Management
Fee Interests (each such investor a “Management Fee Limited Partner”) or (ii) Performance
Allocation Interests (each such investor a “Performance Allocation Limited Partner”). The
terms applicable to each class of Interests are substantially the same, except that the
Management Fee Interests are subject to the Management Fee but not the Performance
Allocation (each as defined herein) and the Performance Allocation Interests are subject to
the Performance Allocation but not the Management Fee. All Performance Allocation
Limited Partners must be (i) “accredited investors” as defined in Rule 501(a) of Regulation D
under the Securities Act and (ii) “qualified clients” as defined in Rule 205-3 under the
Advisers Act. Thus, all Limited Partners who are not both “accredited investors” and
“qualified clients” must be Management Fee Limited Partners.
Management Fee Limited Partners are subject to a quarterly management fee (the
“Management Fee”) equal to 0.375% (1.5% annually), payable in arrears, of each
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