Piermont Capital Management Inc

Item 5 Fees and Compensation
Please refer to the "Advisory Business" section in this brochure for information on our advisory fees,
fee payment arrangements, and refund policy.

Additional Fees and Expenses
As part of our investment advisory services to you, we may invest, or recommend that you invest, in
mutual funds, and exchange traded funds. The fees that you pay to our firm for investment advisory
services are separate and distinct from the fees and expenses charged by mutual funds or exchange
traded funds (described in each fund's prospectus) to their shareholders, and the additional charges
assessed by private funds (described in the offering documents of the fund). These fees will generally

                                                                             ©2017 National Compliance Services 800-800-3204

include a management fee and other fund expenses. You will also incur transaction charges and/or
brokerage fees when purchasing or selling securities. These charges and fees are typically imposed by
the broker-dealer or custodian through whom your account transactions are executed. We do not
share in any portion of the brokerage fees/transaction charges imposed by the broker-dealer or
custodian. To fully understand the total cost you will incur, you should review all the fees charged by
mutual funds, exchange traded funds our firm, and others. Refer to the Brokerage Practices section
below for additional disclosure on this topic.

Item 7 Types of Clients
We offer investment advisory services to individuals, banks and thrift institutions, pension and profit
sharing plans, trusts, estates, charitable organizations, corporations, other business entities, and a
private pooled investment vehicle. In general, we require a minimum of $2,000,000 to open and
maintain an advisory account. For accounts invested in our Small Cap International strategy, we
generally require a minimum of $20,000,000. At our discretion, we may waive this minimum account
size. For example, we may waive the minimum if you appear to have significant potential for increasing
your assets under our management.