Patron Partners LLC

ITEM 5 - FEES AND COMPENSATION
Fee Schedule & Billing Method

Patron Partners offers services on a fee basis, which may include fixed fees, as well as fees based upon
assets under management or advisement.

Investment Management Services
The annual management fee for our Investment Management Services is based on the total dollar asset

Patron Partners, LLC Disclosure Brochure

value of the assets maintained in your account. The fee assessed and/or charged is based on what is
stipulated in the Investment Advisory Agreement signed by each client. The Firm offers services on a fee
basis, which may include fixed fees, as well as fees based upon assets under management.

Generally, fees may vary from 0.50% to 2.00% per annum on the market value of a client’s assets managed
by Patron Partners. In limited circumstances, asset management may also be done on a flat fee basis. Flat
fees will be between $1,000 and $100,000 per annum. The fee ranges stated are a guide. Fees are
negotiable, and may be higher or lower than this range, based on the nature of the account. Factors
affecting fee percentages include size of the account, complexity of asset structures, and other factors.
Investment advisory fees will generally be debited directly from each client’s account. The advisory feed
is paid on a quarterly basis, in advance, with adjustments made for deposits and withdrawals greater than
$25,000 intra-quarter. Fees are calculated by multiplying the overall asset value, as of the last day of the
prior quarter of the account (or overall household, if applicable) by the annual fee rate, and then dividing
the result by 4. Thereafter, adjustments are made to pro-rate fees for any deposits or withdrawals greater
than $25,000 made during the prior quarter. Once the calculation is made, we will instruct your account
custodian to deduct the fee from your account and remit it to the firm.

We discuss our discretionary authority below under Item 16 – Investment Discretion.

Financial Consultation Service
Patron Partners will quote the client a fixed fee that is based on the estimate of time to complete the
project, or will negotiate another fee arrangement for the client, pursuant to the Financial Planning &
Consulting Agreement. The total estimated fee, as well as the ultimate fee that we charge you, is based
on the scope and complexity of our engagement with you. We may require a negotiable retainer, which
is calculated based on the estimated total financial planning or consulting fee with the remainder of the
fee directly billed to you and due to us within thirty (30) days of your financial plan being delivered or
consultation rendered to you. In all cases, we will not require a retainer exceeding $1,200 when services
cannot be rendered within six (6) months. In the event that the client or the Firm terminates the financial
consulting engagement before completion of the financial plan or consultation, the Firm will determine
the fees due for the services already completed. For flat fee engagements, Client may receive a pro-rata
refund of unearned fees which will be based on the hours Advisor has spent on the engagement, billed
at the Advisor’s hourly rate for such engagements. If the retainer previously paid by you is more than the
fees due, the Firm will refund the amount of the unearned fees to you. If the amount due is more than
the retainer we collected from you, The Firm will send you an invoice for the remainder due, which will
be due within thirty (30) days of the invoice date. For ongoing engagements, Client will receive a pro-
rata refund for any remaining days left in the quarter in which the contract was terminated.

Use of Independent Managers

The Firm may select certain Independent Managers to actively manage a portion of its clients’ assets. The
specific terms and conditions under which a client engages an Independent Manager may be set forth in
a separate written agreement with the designated Independent Managers engaged to manage their
assets.

The Firm evaluates a variety of information about Independent Managers, which may include the

Patron Partners, LLC Disclosure Brochure

Independent Managers’ public disclosure documents, materials supplied by the Independent Managers
themselves and other third-party analyses it believes are reputable. To the extent possible, the Firm seeks
to assess the Independent Managers’ investment strategies, past performance, and risk results in relation
to its clients’ individual portfolio allocations and risk exposure. The Firm also takes into consideration each
Independent Manager’s management style, returns, reputation, financial strength, reporting, pricing, and
research capabilities, among other factors.

The Firm continues to provide services relative to the discretionary selection of the Independent
Managers on discretionary accounts. On an ongoing basis, the Firm monitors the performance of those
accounts being managed by Independent Managers. The Firm seeks to ensure the Independent Managers’
strategies and target allocations remain aligned with its clients’ investment objectives and overall best
interests.

Other Fees and Expenses

In addition to the advisory fees paid to Patron Partners, clients may incur certain charges imposed by other
third parties, such as broker-dealers, custodians, trust companies, platform service providers, banks and
other financial institutions (collectively “Financial Institutions”). These additional charges may include
securities brokerage commissions, transaction fees, custodial fees, fees attributable to alternative assets,
reporting charges, margin costs, charges imposed directly by a mutual fund or ETF in a client’s account, as
disclosed in the fund’s prospectus (e.g., fund management fees and other fund expenses), deferred sales
charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and other fees and
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ITEM 7 - TYPES OF CLIENTS
Patron Partners provides asset management, financial consulting, ERISA plan consulting, investment
advisory consultation, and selection of third-party money managers. Our services are provided on a
discretionary or non-discretionary basis to a variety of clients, such as institutional investors, individuals,
high net worth individuals, trusts and estates, qualified purchasers, and individual participants of
retirement plans. In addition, we may also provide advisory services to entities such as pension and profit-
sharing plans, businesses, and other investment advisers.

Account Requirements

The Firm does not impose a stated minimum fee or minimum portfolio value for starting and maintaining
an investment management relationship. Certain Independent Managers may, however, impose more
restrictive account requirements and billing practices from the Firm. In these instances, the Firm may alter
its corresponding account requirements and/or billing practices to accommodate those of the
Independent Managers.