North Capital Inc

Item 5 – Fees and Compensation

The specific manner in which advisory fees are charged by the Firm is established with each client in a
written agreement. Fees are negotiable at the discretion of the Advisor, based on the scope and
complexity of advisory services provided by the Firm, the duration of the relationship with the client
and/or the client’s family, the prevailing market rate where services are provided, and/or the existence
of a pre-existing fee arrangement that is no longer offered by the Firm on new client accounts. The
Advisor also may elect, in its sole discretion, to waive fees entirely in certain situations in its sole
discretion.

Hourly consulting fees are generally invoiced upon completion of services and are due upon receipt.
Investment advisory fees are generally payable quarterly in arrears, based upon the average value of the
account during the period. Fees are calculated using the Firm’s portfolio accounting and reporting
system, Morningstar Office, and submitted to the Advisor’s third-party custodian and debited from
client accounts. A copy of the quarterly advisory fee invoice is provided to each client via the Firm’s Web

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                                                                North Capital, Inc. – Form ADV Part 2A Brochure
                                                                                                  June 27, 2025

Portal, or may be requested by email or U.S. mail. Accounts initiated or terminated during a calendar
quarter will be charged a prorated fee. Upon termination of an account, any prepaid or unearned fees
will be promptly refunded, and any earned or unpaid fees will become due and payable by the client.
The Firm’s standard advisory fee schedule is available publicly its websites in this Form ADV Part 2A at
http://advisory.northcapital.com or http://www.compassvest.com.

As of June 30, 2023, the following fee schedule is in effect:

Salt Lake Asset-based Advisory Fee
.95% per annum of the first $250 thousand
.75% per annum for $250k - $1 million
.50% per annum for $1 - $5 million
.25% per annum for assets over $5 million

Sea Island Asset-based Advisory Fee
1.25% per annum for all assets

Non-Discretionary Reporting Fee
.15% per annum

Hourly Consulting Fees
$750 / hour – Senior Advisor
$250 / hour – Junior Advisor

Lower fees for comparable services may be available from other advisors.

Advisory fees are exclusive of brokerage commissions, transaction fees, custodial fees, and other related
costs and expenses. Clients will incur charges imposed by custodians, brokers, and other third parties
such as fees charged by asset managers, custodial fees, deferred sales charges, odd-lot differentials,
transfer taxes, wire transfer and electronic fund fees, and other fees and taxes on brokerage accounts
and securities transactions. Mutual funds and ETFs may also charge internal management fees, which
are disclosed in a fund’s prospectus. Such charges, fees and commissions are exclusive of and in addition
to advisory fees payable to the Firm.

Neither the Advisor, other supervised personnel of the Advisor (including contract employees), nor any
affiliates of the advisor or their employees, receive any portion of these commissions, fees, and costs
under any circumstances. This firewall is designed to reinforce the separation between the Advisor and
its affiliated broker-dealer.

The principal of the Firm and certain supervised persons are also registered representatives and/or
associated persons of North Capital Private Securities Corporation, a registered broker dealer that is an
affiliate of the Advisor under common control (See Item 10), and Mobility Securities, LLC, a registered
broker dealer under common control with the Advisor (See Item 10).

Registered representatives may receive compensation for the sale of securities and other investment
products to individuals or entities who are not clients of the Advisor.

The Firm and North Capital Private Securities Corporation have adopted a policy whereby North Capital
Private Securities is prohibited from soliciting, representing, transacting with, or providing services to

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                                                                North Capital, Inc. – Form ADV Part 2A Brochure
                                                                                                  June 27, 2025

any individual or entity who is a discretionary advisory client of the Advisor, or whose assets are under
regular supervision of the Advisor, except for fee-only, non-discretionary advisory clients. Furthermore,
neither the Advisor, its supervised personnel, its affiliates, nor personnel of the affiliates are permitted
to receive any direct or indirect commission, trailers, or compensation of any type (other than advisory
disclosed to and paid by the client according to the Firm’s fee schedule) from or on business related to
discretionary advisory or supervisory clients of the Advisor. This policy is described more fully in the
North Capital Code of Ethics.

Item 12 further describes the factors that the Firm considers in selecting or recommending broker-
dealers for client transactions and determining the reasonableness of their compensation (e.g.,
commissions).

Item 7 – Types of Clients

The Firm provides financial planning and investment advisory services to individuals, high net worth
individuals, family offices, small businesses, corporate pension and profit-sharing plans, trust companies
and non-profit institutions.

The Firm does not require any minimum account balance to begin a relationship. The independent
custodian may impose minimums for certain types of accounts, and certain investment products (such
as mutual funds) may have their own minimum balance requirements.