LCR Wealth Management LLC

Item 5 – Fees and Compensation

For General Advisory Clients: The specific way fees are charged by LCRWM is established in a
client’s written agreement with LCRWM. Fees are billed on a quarterly basis in advance. Advisory fees
will not be prorated for each capital contribution and withdrawal made during the applicable calendar
quarter. The amount of the portfolio management fee is negotiable. Accounts initiated or terminated
during a quarterly period will be charged a prorated fee. Upon termination of any account, the amount
of the fee refunded will be equal to the balance of the fees collected in advance minus the daily rate*
times the number of days elapsed in the billing period up to and including the day of termination. (*The
daily rate is calculated by dividing the annual asset-based fee by 365.) Advisory fees will be determined
as of the close of business on the date at the end of each most recent calendar quarter and will be charged
within a two-week period following the end of the quarter. Advisory fees will be allocated proportionally
among the accounts based on portfolio valuations. Management of the account will commence upon
receipt of assets into the account. Clients authorize LCRWM to directly debit fees from client accounts.

The cost of investment management services is based on the amount of assets the client has under
management with LCRWM. LCRWM follows the practice of householding when calculating advisory
fees. Householding is a process by which all members of a household share the same fee rate, whether
negotiated or per the fee schedule. If the fee schedule is being used, as opposed to a negotiated rate, the
amount of assets that is used regarding the fee schedule is the sum of the assets across all accounts
managed by LCRWM in the household. Therefore, householding may provide an opportunity for a client
to take advantage of reduced fees based on the consolidated sum of assets managed by LCRWM in the
household reaching a higher threshold in the fee schedule. LCRWM does not charge a pro-rated amount
for new money, less than $20,000, added during a quarter. Additionally, LCRWM does not credit any
pre-paid costs for account withdrawals of less than $20,000.

       LCR Wealth Management LLC | Phone: 203.780.2272 | 518 Riverside Ave, Building A, Floor 2,
                      Westport, CT 06880 | ADV Part 2A | January 2026 Version

LCR Wealth Management LLC                                                      Form ADV Part 2A Page 7

Clients may elect to conduct trades on their own behalf within the same account that holds assets the
client has under management with LCRWM. LCRWM’s fees are based on the total amount of assets in
such an account, including any securities and other assets attributable to such client-directed trades.

Clients shall be assessed an annual cost of services based on this schedule, charged as a percentage of
assets under LCRWM’s management. These fees are negotiable. The executed investment advisory
contract for each client will reflect the agreed upon fee.

Fee Schedule:

$0 to $2,000,000                               1.50%
$2,000,001 to $5,000,000                       1.00%
$5,000,001 to $10,000,000                      0.85%
$10,000,001 to $20,000,000                     0.75%

Greater than $20,000,000                       See Negotiated Rate

For select clients with small accounts or simple allocations such as only alternative investments, LCR
Wealth may calculate the fee and debit the account directly through Schwab instead of using our 3rd
party billing and reporting provider, Envestnet. The calculation differs slightly from Envestnet, as they
use days in the quarter in order to pro rate the annual fee. In the simple manual calculation, the annual
fee rate will simply be divided by 4 to find the quarterly fee rate. Otherwise, all else about the calculation
will be the same.

LCRWM’s fees are exclusive of brokerage commissions, transaction fees, and other related costs and
expenses which shall be incurred by the client. Clients may incur certain charges imposed by custodians,
brokers, and other third parties, such as custodial fees, transfer charges, wire transfer fees, and other
similar fees and charges on brokerage accounts and securities transactions. Mutual funds and exchange
traded funds also charge internal management fees, which are disclosed in a fund’s prospectus.

Such charges, fees and commissions are exclusive of and in addition to LCRWM’s fee, and LCRWM
shall not receive any portion of these commissions, fees, and costs.

Item 12 further describes the factors that LCRWM considers in selecting or recommending a broker-
dealer for client transactions and determining the reasonableness of their compensation.

LCRWM may direct clients to invest in certain private investments. LCRWM may be compensated a
reduced fee of 0.60% for accounts invested in such private investments including the Fund, Portfolio
Advisors Real Estate Fund VIII and Embree Net Lease Fund V. The third-party investment advisers to
such private investments charge a management fee in addition to and independent of the fee charged by
LCRWM. The fees charged by LCRWM are negotiable, are generally billed in advance, and will not
exceed any limit imposed by any regulatory agency. The notice of termination requirement and payment
of fees for third-party investment advisers will depend on the specific third-party adviser selected.

       LCR Wealth Management LLC | Phone: 203.780.2272 | 518 Riverside Ave, Building A, Floor 2,
                      Westport, CT 06880 | ADV Part 2A | January 2026 Version

LCR Wealth Management LLC                                                     Form ADV Part 2A Page 8

Model Portfolios
LCRWM offers a reduced fee for accounts investing solely in the Model Portfolio program because the
cost required to service model portfolio investments is less than that of a fully customized portfolio. Fees
...

Item 7 – Types of Clients

General Advisory Clients: LCRWM provides portfolio management services to individuals, high net
worth individuals, individual retirement plans, trusts and estates. LCRWM typically provides investment
advice and management to high net worth individuals and families. Therefore, with respect to general
advisory clients, LCRWM’s focus is on the investment issues relating to individual accounts.

Private Fund Client: LCRWM acts as the investment manager of the Fund, a venture capital fund.
Investment advice is provided directly to Fund (subject to the direction and control of the General
Partner) and not individually to investors in the Fund (i.e., the Limited Partners). Minimum capital
commitments for investors in the Fund are set forth in the Fund’s offering memorandum, however the
General Partner may determine to accept a lesser amount than such minimum.