Item 5: Fees & Compensation
Compensation for Our Advisory Services
Portfolio Management:
The maximum annual fee charged for this service will not exceed 1.80%. Fees to be assessed will be
outlined in the advisory agreement to be signed by the Client. Annualized fees are billed on a pro-
rata basis either quarterly or monthly (in accordance with the Client’s advisory agreement) in
advance based on the value of the account(s) on the last day of the previous quarter or month. Fees
will be deducted from client account(s)..
Certain illiquid private securities can have a valuation lag, in which case we will bill our fees on the
most recently available valuation. Unless otherwise agreed to in writing, fees will be assessed on cash
and cash equivalents. Our firm does not offer direct invoicing. If the advisory agreement is executed
at any time other than the first day of the calendar quarter, our fees will apply on a pro-rata basis,
which means that the advisory fee is payable in proportion to the number of days in the quarter for
which the individual is our Client. Our advisory fee is negotiable, depending on individual Client
circumstances and account type.
At our discretion, we can combine the account values of family members to determine the applicable
advisory fee. For example, we can combine account values for Client and Client’s children,
Client’sparents, and other types of related accounts. Combining account values can increase the asset
total, which can result in the Client paying a reduced advisory fee based on the available breakpoints
in our fee schedule stated above.
As part of this process, Clients understand the following:
a) The client’s independent custodian sends statements at least quarterly showing the market
values for each security included in the Assets and all account disbursements, including the
amount of the advisory fees paid to our firm;
b) Clients will provide authorization permitting our firm to be directly paid by these terms. Our
firm will send an invoice directly to the custodian; and
c) If our firm sends a copy of our invoice to the client, a legend urging the comparison of
information provided in our statement with those from the qualified custodian will be
included.
Custom Fee:
In certain cases, clients may be charged a custom fixed advisory fee that is negotiated based on
individual Client circumstances and account type. This custom fee may apply regardless of asset size.
If the custom fee applies to this Client, the annual fixed percentage fee will be specified in the advisory
agreement signed by the Client.
Fees For Held Away Accounts:
In certain instances, our firm will manage client’s held away accounts through the Pontera platform.
The fee associated with this platform is 0.25% of the assets under management, however, it is
ADV Part 2A – Firm Brochure Page 9 Nilsine Partners, LLC
important to note that this fee will be paid by our firm and as such will not result in the client paying
higher fees than if the assets were custodied with our recommended custodian.
Third-Party Managers:
Clients utilizing Third-Party Managers will be charged an annual fee by the Third-Party Manager,
which is in addition to our firm’s fees. Our firm will debit fees for this service as disclosed in the
executed advisory agreement between the Client and our firm. The Third-Party Managers we utilize
and/or refer Clients to utilize will not directly charge you a higher fee than they would have charged
without us introducing you to them.
Private Investments Platform:
Nilsine Partner Clients will be charged management fees for these private investments which shall
be set forth in separate offering documents. Our firm will not assess management fees to Feeder Funds
for Nilsine Partners individual Clients who are being assessed fees as outlined in the advisory agreement to
be signed by the Client.
For our investment advisory services of Feeder Funds that are marketed towards other unassociated
RIA firms, institutional investors, and family offices, our firm will deduct an ongoing fee at the Fund-
level, which will not be over 1.00% of the total AUM of the Feeder Funds. The terms will be further disclosed
on the separate Fund Documents and Subscription Agreement. Fees are billed on a pro-rata basis monthly
in arrears based on the value of the account(s) on the last day of the current month. Our firm will not assess
an advisory fee on top of the fees we earn from our role as adviser to these funds.
Conflict of Interest
As part of the advisory services offered, Nilsine Partners can provide cash management services for
an advisory fee to private companies that are also Fund Investment Products, as defined above, of
the Master Funds. Nilsine Partners can also receive advisory fees for managing clients’ assets that are
invested in these Feeder Funds and Master Funds or can receive a management fee from the Feeder
Funds and Master Funds.
A conflict of interest exists because Nilsine Partners has an incentive to allocate clients’ assets to
these Feeder Funds and Master funds and will receive an advisory fee from the client for providing
portfolio management services and receive an additional fee from the private companies that Nilsine
Partners offers cash management services that are investments of the Master fund.
Nilsine Partners will only recommend an investment in the Feeder Funds and Master Funds if it is in
the best interest of the client. The cash management services provided to the private companies
within the Master Funds will be separate and distinct services unrelated to the private companies’
participation within the Master Funds.
Financial Planning & Consulting:
Our firm charges on a flat fee basis for standalone financial planning and consulting services. The
ultimate fee charged is based on the scope and complexity of our engagement with the Client. Flat
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