Lake Street Private Wealth LLC

Item 5 – Fees and Compensation
Fees Generally

Lake Street’s investment management fee is generally inclusive of any basic investment-related financial
planning and/or consulting services. For non-investment management clients and certain investment
management clients that require a disproportionate amount of consulting services, the Adviser will charge
a separate fee for investment-related consulting services. In these limited circumstances, an additional
hourly or fixed fee shall be agreed upon prior to rendering the consulting services. For clients with assets in

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excess of $250,000, Lake Street shall not charge for additional financial planning and consulting services as
described in Item 4 above. Assets under advisement will be considered in conjunction with assets under
management to reach the $250,000 level.

Discretionary Investment Management Services

Lake Street charges an annual management (or advisory) fee based upon the value of a client’s assets
under management. Lake Street’s annual advisory fee shall be charged monthly, in advance, based on the
market value of the assets under management (including cash, cash equivalents, and the value of securities
held on margin) on the last day of the previous month as valued by the custodian. The annual advisory fee
shall be up to 2% of the client’s assets under management. Clients should refer to their individual advisory
agreement for their defined fee schedule.

Lake Street, in its sole discretion, will in certain circumstances negotiate to charge a lesser management
fee or no management fee based upon certain criteria (i.e., anticipated future earning capacity, anticipated
future additional assets, dollar amount of assets to be managed, related accounts, account composition,
pre-existing client, account retention, minimum workflow, etc.).

Lake Street’s Agreement and/or the separate agreement with the Financial Institution(s) authorizes Lake
Street through the Financial Institution(s) to debit the client's account for the amount of its fee and to
directly remit that management fee to Lake Street in accordance with applicable custody rules. The
Financial Institution(s) recommended by Lake Street have agreed to send a statement to the client, at least
quarterly, indicating all amounts disbursed from the account including the amount of management of fees
paid directly to the Adviser.

For the initial month of investment management services, the first month’s fees shall be calculated on a
pro rata basis and paid in arrears. The Agreement between Lake Street and the client will continue in effect
until terminated by either party pursuant to the terms of the Agreement. Lake Street’s annual fee shall be
prorated through the date of termination and any remaining balance shall be charged or refunded to the
client, as appropriate, in a timely manner. Additionally, Lake Street reserves the right, and will in its sole
discretion, adjust its fee for contributions made during the month.

Advisement Services (Non-Discretionary)

Lake Street will charge fees for assets under advisement (non-discretionary) services similar to the annual
fees charged for discretionary investment management services described above. Fees will be charged
either monthly or quarterly, in advance, based on the market value of the account on the last day of the
previous month as valued by the custodian statement provided by the client, including cash and the value
of securities held on margin. The annual fee shall be up to1.5% of the client’s assets under management.
Clients should refer to their individual advisement service agreement for defined fee schedule.

ERISA Co-Fiduciary 3(21) Investment Advisor Services

Lake Street also provides non-discretionary defined contribution investment consulting, pursuant to which
it assists plan sponsors with the selection and/or monitoring of investment options offered to plan
participants (generally open-end mutual funds) for the plan. Lake Street charges an annual fee based off of
plan assets. The fee varies depending on the scope of the relationship and the size of the plan.

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The annual fee shall be paid either monthly or quarterly, in advance or arrears, based upon the market
value of the plan's assets on the last day of the preceding month/quarter. Lake Street can also engage a
client on a flat fee arrangement. Lake Street, in its sole discretion, will charge a lesser retirement consulting
fee based upon certain criteria (i.e., anticipated future additional assets, dollar amount of assets to be
advising on, related accounts, account composition, and negotiations with the client).

ERISA 3(38) Investment Advisor Services
Lake Street will in certain instances provide discretionary investment management services to retirement
plans as an ERISA Section 3(38) Investment Manager. In this capacity, the firm assumes fiduciary
responsibility for the selection, monitoring, and ongoing management of plan investment options in
accordance with ERISA guidelines. Consent of the Plan for investment changes are not required.
The annual fee shall be paid either monthly or quarterly, in advance or arrears, based upon the market
value of the plan's assets on the last day of the preceding month/quarter. Lake Street can also engage a
client on a flat fee arrangement. Lake Street, in its sole discretion, will charge a lesser retirement consulting
fee based upon certain criteria (i.e., anticipated future additional assets, dollar amount of assets to be
advising on, related accounts, account composition, and negotiations with the client).

Financial Planning & Consulting Services

Generally, Lake Street will charge a stand-alone fee for financial planning and consulting services for those
clients whose assets under management or advisements are less than $250,000. Lake Street’s financial
...

Item 7 – Types of Clients
Lake Street provides portfolio management services to individuals, high net worth individuals, business
entities, defined contribution plans, defined benefit plans, trusts, estates, charitable organizations,
insurance companies and private foundations.