Item 5. Fees and Compensation
LWP offers services on a fee basis, which includes fixed fees, as well as fees based upon assets under
management. Additionally, certain of the Firm's Supervised Persons, in their individual capacities, offers
securities brokerage services and/or insurance products under a separate commission-based arrangement.
Financial Planning and Consulting Fees
LWP charges a fixed fee or asset-based fee for providing financial planning and/or consulting services
under a stand-alone engagement. These fees are negotiable, but range from $1,000 to $50,000 on a fixed
fee basis, depending upon the scope and complexity of the services and the professional rendering the
financial planning and/or the consulting services. The fee can be for a defined project, such as the delivery
of a plan, or for ongoing services. Alternatively, the Firm can be engaged to provide ongoing consulting
on assets that are held outside of Raymond James as broker-dealer / custodian. These will typically be
privately placed securities custodied by the issuer. In those engagements, the Firm will charge an asset-
based fee that is similar to the fee schedule described below for continuing to advise and report on the assets
including ongoing due diligence and communications with the issuer. If the client engages the Firm for
additional investment advisory services, LWP can offset all or a portion of its fees for those services based
upon the amount paid for the financial planning and/or consulting services.
The terms and conditions of the financial planning and/or consulting engagement are set forth in the
Advisory Agreement. For project-based services LWP requires one-half of the fee (estimated hourly or
fixed) payable upon execution of the Advisory Agreement. The outstanding balance is due upon delivery
of the financial plan or completion of the agreed upon services. Ongoing services (either fixed or asset-
based) are charged as described in the investment management section, below.
Wealth Management Fees
LWP offers wealth management services for an annual fee based on the amount of assets under the Firm's
management. This management fee varies in accordance with the following fee schedule:
PORTFOLIO VALUE BASE FEE
Up to $1,000,000 1.30%
$1,000,000.01 - $2,000,000 1.00%
$2,000,000.01 - $3,000,000 0.90%
$3,000,000.01 - $5,000,000 0.80%
$5,000,000.01 - $7,500,000 0.70%
$7,500,000.01 - $10,000,000 0.60%
Above $10,000,000 0.50%
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Disclosure Brochure Lumature Wealth Partners, LLC
The annual fee is prorated and charged quarterly, in advance, based upon the market value of the assets
being managed by LWP on the last day of the previous billing period as determined by a party independent
from the Firm (including the client's custodian or another third-party). Alternatively, the Firm may change a
fixed fee for the investment management services. The fixed fee will be individually negotiated and will be
based upon a number of factors including the size and composition of a client's portfolio, the type and
amount of services rendered and the individual(s) providing the services.
Additionally, for asset management services the Firm provides with respect to certain client holdings (e.g.,
held-away assets, accommodation accounts, alternative investments, etc.), LWP can negotiate a fee rate
that differs from the range set forth above (including assets that are charged through a financial planning or
investment consulting agreement as described above). Clients are advised that a conflict of interest exists
for the Firm to recommend that clients engage LWP for additional services for compensation, including
rolling over retirement accounts or moving other assets to the Firm's management. Clients retain absolute
discretion over all decisions regarding engaging the Firm and are under no obligation to act upon any of the
recommendations.
Notwithstanding the foregoing, clients participating in the Raymond James wrap programs will pay fees to
Raymond James (that encompass both fees to be paid to the Firm and Raymond James). For those
participating in the Ambassador Program (which is the primary way that the Firm expects to provide
services), the asset-based fees paid to the Firm and Raymond James by the client are set forth in the
Ambassador (Discretionary or Non-Discretionary) Investment Adviser Client Agreement (the
"Ambassador Agreement") entered into by the Firm, the client, and Raymond James. In addition, for clients
that are utilizing Independent Managers, the asset-based fees paid to the Firm, Raymond James and the
Independent Managers are set forth in separate agreements.
For purposes of calculating and assessing asset-based fees for clients participating in the wrap programs,
Raymond James uses the term "Account Value", which may be different then the asset value as reported on
brokerage statements provided to clients. "Account Value" is defined as the total absolute value of the
securities in the Ambassador Account, long or short, plus all credit balances, with no offset for any margin
or debit balances. As a result, a conflict of interest exists as the Firm has an incentive to increase the use of
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