Moss Adams Wealth Advisors LLC

Item 5: Fees and Compensation
Fees for Investment Advisory Services – Private Client
Threadline Wealth provides investment advisory and portfolio management services to individual and
private clients on a customized basis. Portfolios are managed in accordance with the client’s investment
objectives, financial circumstances, risk tolerance, and liquidity needs.
Investment advisory fees are calculated as a percentage of assets under management according to the
following annual fee schedule:

                                      ASSETS UNDER MANAGEMENT

          $1,000,000 and under                                                             1.25%

          $1,000,001 to $2,000,000                                                         1.00%

          $2,000,001 to $5,000,000                                                         0.75%

          $5,000,001 to $10,000,000                                                        0.50%

          $10,000,001 and above                                                            0.25%

Fees are calculated on a graduated basis. For example, an account with assets of $2,000,000 would pay
1.25% on the first $1,000,000 and 1.00% on the next $1,000,000.
For fee calculation purposes, Threadline Wealth may aggregate accounts for related clients, including
certain family members, household relationships, trusts, or related entities, where appropriate and at the
firm’s discretion.
Threadline Wealth reserves the right to negotiate fees based on factors including account size,
complexity, anticipated future assets, scope of services, related accounts, and other relevant
considerations.

Fees for Investment Advisory Services – Institutional
Threadline Wealth provides investment advisory and consulting services to institutional clients, including
charitable organizations, foundations, endowments, retirement plans, corporations, business entities,
tribal governments, and other organizations.
Institutional advisory fees are calculated as a percentage of assets under management according to the
following annual fee schedule:

                                      ASSETS UNDER MANAGEMENT
          $10,000,000 and under                                                            0.50%

          Over $10 million                                                                 0.25%

Fees are calculated on a graduated basis unless otherwise agreed in writing.
Threadline Wealth reserves the right to negotiate fees based on factors including account size,
complexity, scope of services, anticipated future assets, reporting requirements, fiduciary consulting
needs, and other relevant considerations.

More Information on Investment Advisory Services Fees
Advisory fees are billed quarterly in arrears based on the market value of assets under management as of
the last trading day of the applicable calendar quarter, unless otherwise agreed in writing. Fees for partial
billing periods are prorated based on the number of days assets were managed during the period.
Clients typically authorize Threadline Wealth to deduct advisory fees directly from designated custodial
accounts. Fee deductions are reflected on custodial account statements provided directly by the
custodian. In limited circumstances, clients may be invoiced directly pursuant to separate written
arrangements.
Assets invested in private funds or alternative investments are included in the calculation of advisory fees
unless otherwise disclosed. Valuations for private or alternative investments are based on values
provided by custodians, fund sponsors, administrators, or other third parties. Due to the illiquid nature of
such investments, valuation updates may occur after quarter-end reporting periods.
Cash and cash equivalents are generally included in assets under management for fee calculation
purposes unless otherwise agreed in writing. Threadline Wealth may maintain cash positions for liquidity,
defensive positioning, portfolio management, or other client-specific reasons. Clients should understand
that advisory fees charged on cash positions may exceed the yield earned on such assets during certain
market environments.
Client accounts may utilize margin borrowing where appropriate. Margin involves additional risks,
including the potential for amplified losses and increased interest expense. Because advisory fees are
calculated based on total assets under management, including margined assets, the use of margin
creates a conflict of interest because it increases the advisory fees paid to Threadline Wealth. The firm
seeks to address this conflict through its fiduciary obligations and internal policies and procedures.
Threadline Wealth may negotiate advisory fees or utilize alternative fee arrangements based on factors
including account size, anticipated future assets, scope and complexity of services, related accounts,
legacy fee arrangements, employee and family relationships, and other relevant considerations. As a
result, similarly situated clients may pay different fees for similar services.
Clients will incur additional fees and expenses separate from Threadline Wealth’s advisory fees, including
brokerage commissions, transaction charges, custody fees, mutual fund and ETF expenses, private fund
fees and expenses, third-party manager fees, margin interest, and other investment-related costs. These
fees and expenses are described in the applicable custodial agreements, offering documents, fund
prospectuses, and program disclosures.
Investments in mutual funds, ETFs, private funds, and other pooled investment vehicles are subject to
internal management fees and expenses charged by the investment sponsor or manager in addition to
the advisory fees charged by Threadline Wealth.
Either the client or Threadline Wealth may terminate the advisory relationship at any time by written notice
in accordance with the terms of the applicable advisory agreement. Advisory fees are prorated through
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Item 7: Types of Clients
Threadline Wealth provides investment advisory and consulting services to individuals, families, trusts,
estates, charitable organizations, foundations, endowments, retirement plans, corporations, business
entities, tribal government enterprises, and other institutional clients.
Certain services or investment opportunities, including private and alternative investments, may be
available only to clients who satisfy applicable eligibility, sophistication, or minimum asset requirements.