Pallas Capital Advisors LLC

Item 5 – Fees and Compensation

                                                    Pallas Capital Advisors LLC
                                     45 Braintree Hill Office Park, Suite 201, Braintree, MA 02184
                                            Phone: (781) 971-5052 | Fax: (781) 971-5103
                                                   https://pallascapitaladvisors.com

The following paragraphs detail the fee structure and compensation methodology for services provided by the Advisor.
Each Client engaging the Advisor for services described herein shall be required to enter into one or more written
agreements with the Advisor.

A. Fees for Advisory Services
Wealth Management Services
Wealth management fees are paid quarterly, in advance of each calendar quarter, pursuant to the terms of the wealth
management agreement. Wealth management fees are based on the average daily balance of assets under management
with the Advisor during the prior calendar quarter. Wealth management fees range from 0.25% to 2.00% annually. The
wealth management fee in the first quarter of service is prorated from the inception date of the account[s] to the end of the
first quarter. Fees may be negotiable at the sole discretion of the Advisor. Certain Clients may be offered a fixed rate fee
schedule. The Client’s fees will take into consideration the aggregate assets under management with the Advisor. All
securities held in accounts managed by Pallas will be independently valued by the Custodian. The Advisor will conduct
periodic reviews of the Custodian’s valuation to ensure accurate billing.

Use of Independent Managers – As noted in Item 4, the Advisor will implement all or a portion of a Client’s investment
portfolio utilizing one or more Independent Managers. To eliminate any conflict of interest, the Advisor does not earn any
compensation from an Independent Manager. The Advisor will only earn its investment advisory fee as described above.
Independent Managers typically do not offer any fee discounts but may have a breakpoint schedule which will reduce
the fee with an increased level of assets placed under management with an Independent Manager. The terms of such
fee arrangements are included in the Independent Manager’s disclosure brochure and applicable account opening
paperwork. The total blended fee, including the Advisor’s fee and the Independent Manager’s fee, will not exceed 2.00%
annually.

Financial Planning Services
Pallas offers financial planning services either on an hourly basis or for a fixed fee. Hourly fees range from $300 to $500
based on the complexity of the engagement and the resources provided by the Advisor. Fixed fees range from $1,500 to
$20,000. Fees may be negotiable based on the nature and complexity of the services to be provided and the overall
relationship with the Advisor. An estimate for total hours and/or total costs will be provided to the Client prior to engaging
for these services.

Family Office Services
Family office service fees range from $5,000 to $30,000 per annum paid quarterly in advance. Depending on the needs
and preferences of the Client, the fees may be asset-based or paid on a retainer basis. In certain circumstances, the
Advisor may determine to pass on fees associated with the use a third-party portfolio management platform. Such fees
are determined based upon the value of billable assets and ranges up to 0.04% annually.

Retirement Plan Advisory Services
Fees for retirement plan advisory services are charged an annual asset-based fee of up to 1.50%, and are billed in
advance or arrears, pursuant to the terms of the retirement plan advisory agreement. Retirement plan advisory fees are
typically based on the market value of assets under management at the end of the prior calendar quarter. Fees may be
negotiable depending on the size and complexity of the Plan.

Investment Consulting Services
The Advisor will receive a fee from each Third-Party advisor for which it provides investment consulting services at the
end of each quarter. The fee for each account will equal (on an annualized basis) up to 0.30% (30 basis points) of the
client advisory fee that is charged by the Third-Party advisor, pursuant to the terms of the investment consulting
agreement.

B. Fee Billing
Wealth Management Services
Generally, wealth management fees are calculated by the Advisor or its delegate and deducted from the Client’s account[s]
at the Custodian. The Advisor shall send an invoice to the Custodian indicating the amount of the fees to be deducted from
the Client’s account[s] at the beginning of the respective quarter. The amount due is calculated by applying the quarterly
                                                    Pallas Capital Advisors LLC
                                     45 Braintree Hill Office Park, Suite 201, Braintree, MA 02184
                                            Phone: (781) 971-5052 | Fax: (781) 971-5103
                                                   https://pallascapitaladvisors.com

rate (annual rate divided by the number of days in the year, multiplied by the number of days in the quarter) to the average
daily balance of assets under management with the Advisor during the prior quarter. Clients will be provided with a
statement, at least quarterly, from the Custodian reflecting deduction of the investment advisory fee. Clients are urged to
also review and compare the statement provided by the Advisor to the brokerage statement from the Custodian, as the
Custodian does not perform a verification of fees. Clients provide written authorization permitting advisory fees to be
deducted by Pallas to be paid directly from their account[s] held by the Custodian as part of the wealth management
agreement and separate account forms provided by the Custodian. Certain Clients may pay advisory fees via direct invoice
utilizing credit card processing systems.
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Item 7 – Types of Clients

Pallas offers investment advisory services to individuals, high net worth individuals, trusts, estates and retirement plans.
Pallas generally does not impose a minimum relationship size.