ITEM 5: FEES AND COMPENSATION
How We Are Compensated for Our Advisory Services
Wealth Management Services:
Core Fee Schedule* (Blended)
Assets Under Management Annual Percentage of Assets Charge
First $5,000,000 1.00%
Next $5,000,000 0.70%
Over $10,000,000 0.35%
Our wealth management fees are negotiable and arrangements with any particular client can differ, sometimes
materially, from those described above. In addition, we can or will, in our sole discretion, reduce or waive our
wealth management fees in their entirety.
Our fee is billed on a monthly basis in arrears based on the market value of your managed assets,
including cash and cash equivalents, on the last day of the prior month. The monthly fee equals
the agreed upon annual rate, multiplied by the market value of the managed assets for that month,
and then divided by twelve. Fees can be negotiable and will be deducted from your account(s). As
part of this process, you are made aware of the following:
• You provide written authorization permitting us to invoice your custodian and be paid
directly from the account(s) held by the independent custodian.
• Our firm or our designated third-party service provider sends an electronic request to the
custodian indicating the amount of the fee to be paid from your account(s).
• The custodian sends statements at least quarterly to you showing the market values for
each security included in the account(s) and all disbursements in your account(s),
including the amount of the advisory fees paid to us.
• Monthly prorated fee adjustments for additional asset received and/or for partial
withdrawals during the month are made for cash flows that are 10% or more of the
month end portfolio value.
• For new clients that open one or more accounts during a month, Olympus’s fee will be
prorated based on the number of days the account(s) was open during the month.
• To determine the market value of client’s managed assets for fee calculation, Olympus
will aggregate the managed assets in a client’s accounts, with assets in accounts for any
related person (i.e., spouse and dependent children) living in the client’s household
(“Household Accounts”). Consequently, the annual fee rate is calculated based upon the
breakpoint achieved (if any) based on the combined assets of the client’s Household
Accounts and applied to each Household Account. Additional related accounts will be
considered for inclusion, if requested by a client.
Payment of fees can result in the liquidation of securities if there is insufficient cash in your
account. If Client’s account does not have sufficient cash or securities to deduct for fees, then
Olympus can look to Client’s other accounts to deduct the fee. We can modify the terms of the fee
agreement by giving you 30 days written notice in advance.
Because fees are paid monthly in arrears, there are no pre-paid fees which would be subject to a
refund. All Wealth Management Agreements can be terminated at any time by either party
providing written notice. Upon termination, any fees that have been earned by us but not yet paid
will be immediately due and payable.
Multi-Family Office Services:
As appropriate, we will provide customized multi-family office services for a negotiated flat
monthly fee, as negotiated with the client. See Item 4 for a description of these services. The fee
that we charge is based on the scope and complexity of our engagement. The fee arrangement will
be negotiated on an individual basis and detailed in the corresponding agreement.
Olympus bills its multi-family office services monthly in arrears and because our fees are paid in
arrears, there are no pre-paid fees which would be subject to a refund. All services can be
terminated at any time by either party providing written notice. Upon termination, any fees that
have been earned by us but are not yet paid will be immediately due and payable.
Payment of the MFO Fee may result in the liquidation of securities if there is insufficient cash in
Client’s accounts.
Private Investment Consulting Plan Services:
For Private Investment Consulting Plan clients that engage us to perform private investment
consulting, we charge an annual percentage fee that is negotiated with each client.
Our fee is based on asset value as determined and reported to Olympus by the private investment
general partner and/or the custodian holding the private investment. Other alternative investment
vehicles, as appropriate, may be considered for the client at the sole discretion of Olympus.
When the value is not provided by the general partner or custodian, Olympus will take reasonable
steps to ascertain the value of the investment upon which Olympus calculates its fee which
includes, but is not limited to, a valuation obtained from an independent third party. Additionally,
upon request from client, Olympus will disclose the valuation and the basis for that valuation to
each client. Clients are responsible for confirming Olympus’ fees are correct by reviewing the
private investment values provided by the general partner, custodian, or independent third party on
the capital account statement, custodial statement, or other statement provided. Client should
immediately notify Olympus if they are not receiving statements or other financial reports from the
general partner, custodian, or independent third party.
Olympus bills its private investment consulting plan services monthly in arrears and because our
fees are paid in arrears, there are no pre-paid fees which would be subject to a refund. For new
private investment consulting plan clients who begin their engagement during a month, Olympus’s
fee will be prorated based on the number of days when private investment consulting plan services
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