McNeill Capital LLC

Item 5 – Fees and Compensation

INVESTMENT MANAGEMENT FEEs
MC bases its fees on a percentage of assets under management and/or hourly charges.

Some Retainer Agreements may be priced based on the complexity of work, especially when
asset management is not the most significant part of the relationship.

Financial plans are priced according to the degree of complexity associated with the client’s
situation.

The annual Advisory Service Agreement and Retirement Plan Consulting fee for assets under
management is based on a percentage of the investable assets according to the following
schedule:

                  Assets Under Management                 Annual Fee

                      Less than $500,000                    1.25%
                      $500,000 - $1,000,000                 1.15%
                      $1,000,001 - $2,000,000               1.00%
                      $2,000,001 - $4,000,000               0.75%
                      $4,000,001 and above                  Negotiable

Client relationships may exist where the fees are lower than the fee schedule; however, in certain
cases where custody is maintained on an account such as through a Trustee relationship, the fees
incurred may be slightly higher than demonstrated due to annual auditing fees imposed upon the
account. In those cases, the client is notified ahead of time whereby a new advisory agreement is
executed with full disclosure of fees.
Although the Agreements are ongoing and constant adjustments are required, the length of
service to the client is at the client’s discretion. The client or the investment manager may
terminate an Agreement by written notice to the other party. At termination, fees will be billed
on a pro rata basis for the portion of the quarter completed. The basis for the fee computation
uses the valuation of assets as of the day of termination.
6|Page

Private Investments
Clients who invest in private placements will bear their pro rata share of all fees and expenses charged by the
investment, including management fees, performance-based compensation (such as carried interest), and
other operating expenses, as disclosed in the applicable offering documents.
MC does not receive compensation from sponsors, issuers, or third parties in connection with private
placements unless specifically disclosed to the client in advance.
 Financial Planning Fees
 The fee for a financial plan is predicated upon the facts and circumstances of the client
 engagement and billed on either a flat fee or on an hourly basis. Flat fees will not exceed
 $250,000 and any flat, monthly, or hourly fees will be disclosed ahead of time and agreed upon
 in writing with the client. Hourly fees range from $250 - $875 per hour depending on the
 Advisor and/or Assistant working on the plan.
 In the event that the client’s situation is substantially different than disclosed at the initial
 meeting, a revised fee will be provided per mutual agreement. The client must approve the
 change of scope in advance of the additional work being performed when a fee increase is
 necessary.

 After delivery of a financial plan, future face-to-face meetings may be scheduled as necessary for
 up to one month. Follow-up implementation work may be billed separately at hourly rates
 ranging from $25 to $875 per hour.

 Fee Billing
 Investment management fees are billed quarterly, in arrears, meaning that we invoice the client
 after the three-month billing period has ended. Adjustments are made for deposits and
 withdrawals in excess of $10,000. Payment in full is expected upon invoice presentation. Fees
 are usually deducted from a designated client account to facilitate billing. The client must
 consent in advance to direct debiting of their investment account.

 Fees for financial plans are billed on an hourly or flat fee basis with bills sent incrementally
 (typically monthly) based on the time expended on the engagement.

 Other Fees
 Custodians may charge transaction fees on purchases or sales of certain mutual funds and
 exchange-traded funds. These transaction charges are usually small and incidental to the
 purchase or sale of a security. The selection of the security is more important than the nominal
 fee that the custodian charges to buy or sell the security. Charles Schwab & Co., Inc. (“Schwab”)
 does not charge transaction fees for U.S. listed equities and exchange traded funds.

 MC, in its sole discretion, may waive its minimum fee and/or charge a lesser investment
 advisory fee based upon certain criteria (e.g., historical relationship, type of assets, anticipated
 7|Page

future earning capacity, anticipated future additional assets, dollar amounts of assets to be
managed, related accounts, account composition, negotiations with clients, etc.).

Expense Ratios
Mutual funds generally charge a management fee for their services as investment managers. The
management fee is called an expense ratio. For example, an expense ratio of 0.50 means that the

8|Page

mutual fund company charges 0.5% for their services. These fees are separate from those fees
paid by the client to MC.

Performance figures quoted by mutual fund companies in various publications are after their fees
have been deducted.

Other Fees
FINANCIAL COACHING FEEs

The negotiated hourly fee for financial coaching will be between $175 and $400 paid monthly or between
$525 and $1,500 quarterly in advance, depending on complexity and needs of client. The fee may be
negotiable in certain cases. Financial coaching fees may be paid by check or may be deducted from a
client’s account.

EDUCATIONAL SEMINARS

Seminars are offered to organizations and the public on a variety of financial topics. Fees range from free
to $15,000 per seminar or free to $1,500 per participant. Half of the fees are due prior to the engagement,
and the other half are to be paid the day of, no later than the conclusion of the Seminar. The fee range is
...

Item 7 – Types of Clients

MC generally provides investment advice to individuals, high net worth individuals, pension and
profit sharing plan participants, trustees, estate representatives, and/or business owners.

MC generally requires a minimum account balance of $500,000 to open and maintain an account
for our Asset Management service. We may waive the minimum account balance due to client
familial relationships, friends, certain instances where assets have dropped below the minimum or
for clients who are expected to grow to the minimum or beyond.