Legado Wealth Management LLC

Item 5 – Fees and Compensation
The following paragraphs detail the fee structure and compensation methodology for services provided by the
Advisor. Each Client shall sign an investment management agreement that details the responsibilities of LWM
and the Client.

A. Fees for Advisory Services
Investment management fees are paid quarterly or monthly, in arrears or advance of each calendar quarter or
month, pursuant to the terms of the investment management agreement. Investment management fees are based
on the market value of assets under management at the end of the quarter. Investment management fees are at
an annual rate of up to 2.00% depending on the size and complexity of the Client relationship. Relationships with
multiple objectives, specific reporting requirements, portfolio restrictions and other complexities may be charged a
higher fee. Institutional Clients may be offered a lower fee than individual investors.

The investment management fee in the first month or quarter of service is prorated from the inception date of the
account to the end of the first month or quarter. Fees may be negotiable at the sole discretion of the Advisor. The
Client’s fees will take into consideration the aggregate assets under management with Advisor. All securities held in
accounts managed by LWM will be independently valued by the Custodian. LWM will not have the authority or
responsibility to value portfolio securities.

For Institutional Clients, there are two methods of obtaining LWM’s services. The Institutional Client may engage
LWM as an investment sub-advisor to the Institutional Client or refer its investors to LWM in a Solicitor
relationship. Please See Item 14.

Investment Consulting and Financial Planning Services
LWM offers financial planning and consulting services on either an hourly basis or a fixed engagement. Hourly
engagements are billed at the rate of $250 per hour, based on the complexity of the services to be provided and
the experience of the individual providing services. Fixed fee engagements are negotiated based on the
expected number of hours to complete the engagement at the Adviser’s hourly rate. Fees may be negotiable at
the sole discretion of the adviser, depending on the nature and complexity of the services provided. An estimate
for total hours and/or costs will be provided to the client prior to engaging for these services. The Adviser’s fee is
exclusive of, and in addition to, brokerage fees, transaction fees, and other related costs and expenses, which
may be incurred by the Client. However, the Adviser shall not receive any portion of these commissions, fees,
and costs. For certain Clients, financial planning services are included in the investment advisory fee.

B. Fee Billing
Investment management fees will be calculated by the Advisor and deducted from the Client’s account[s] at the
Custodian. The Advisor may send an invoice to the Custodian indicating the amount of the fees to be deducted
from the Client’s account[s] at the respective month-end or quarter-end date. The amount due is calculated by
applying the monthly rate (annual rate divided by 12) or quarterly rate (annual rate divided by 4) to the total assets
under management with LWM at the end of the month or quarter. Clients will be provided with a statement, at
least quarterly, from the Custodian reflecting deduction of the investment management fee. In addition, upon
request the Advisor will provide the Client a report itemizing the fee, including the calculation period covered by the

                                            Legado Wealth Management LLC
                                             405 Lexington Avenue, 9th Floor
                                                     New York, NY
                                                 Phone: (212) 697-3420

fee, the account value and the methodology used to calculate the fee. It is the responsibility of the Client to verify
the accuracy of these fees as listed on the Custodian’s brokerage statement as the Custodian does not assume
this responsibility. Clients provide written authorization permitting LWM to be paid directly from their accounts held
by the Custodian as part of the investment management agreement and separate account forms provided by the
Custodian.

C. Other Fees and Expenses
Clients may incur certain fees or charges imposed by third parties, other than LWM, in connection with
investments made on behalf of the Client’s account[s]. The Client is responsible for all custody and securities
execution fees charged by the Custodian. The investment management fee charged by LWM is separate and
distinct from these custody and execution fees.

In addition, all fees paid to LWM for investment management services are separate and distinct from the
expenses charged by mutual funds and ETFs to their shareholders, if applicable. These fees and expenses are
described in each fund’s prospectus. These fees and expenses will generally be used to pay management fees for
the funds, other fund expenses, account administration (e.g., custody, brokerage and account reporting), and a
possible distribution fee. A Client may be able to invest in these products directly, without the services of LWM,
but would not receive the services provided by LWM which are designed, among other things, to assist the Client in
determining which products or services are most appropriate for each Client’s financial situation and objectives.
Accordingly, the Client should review both the fees charged by the fund[s] and the fees charged by LWM to fully
understand the total fees to be paid. Please see Item 12 – Brokerage Practices.

D. Payment of Fees and Termination
LWM is compensated for its services in arrears or in advance of the month or quarter in which investment
management services are rendered. Either party may terminate the investment management agreement with LWM,
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Item 7 – Types of Clients
LWM offers investment management services to individual and institutional investors, including other financial
professionals. The amount of each type of Client is available on LWM’s Form ADV Part 1. These amounts may
change over time and are updated at least annually by the Advisor. LWM generally does not impose a minimum
size for establishing a relationship but will impose minimum for various investment strategies for effective
implementation.