Private Wealth Asset Management LLC

Item 5: Fees and Compensation
In addition to the information provided in Item 4 above, this section provides details regarding Firm fee
and compensation arrangements for the services we provide to clients.

Compensation for Investment Advisory Services
Investment Management Services
Private Wealth bases its fees for Investment Management Services on a percentage of total Assets Under
Management (“AUM”) per annum as detailed in the tiered fee schedules below. Actual fees paid may be
negotiated and may differ from those in the fee schedule. A client may pay more or less than other clients
in the same fee tier. Amounts may vary as a result of negotiations, our relationship with the client, and/or
factors that are specific to the client such as the size of the relationship, required service levels, and client
customization of guidelines. Further, Private Wealth provides a fee reduction to its employees and partners.
In certain cases, clients may negotiate a flat fee that results in a lower fee than would be paid under the fee
schedule below. Certain trust accounts may be granted a one-time discounted fee rate based on external
legal expenses paid for trust document revisions necessary to transfer their accounts to Private Wealth. This
fee rate reduction is applied to the first billing period after which such accounts will be charged according
to the agreed upon fee schedule.
           Individually Managed/Family Office/Non- Philanthropic Organization Accounts
                                         Account Size (AUM)          Fee (Annual Percentage)
 Fees for individually managed or         First $2,000,000.00                 1.20%
 organization accounts that are           Next $3,000,000.00                  0.75%
 not philanthropic are tier priced        Next $5,000,000.00                  0.60%
 as follows:                             Next $10,000,000.00                  0.50%
                                   For balances over $20,000,000.00           0.40%

                                          Philanthropic Accounts
                                             Account Size (AUM)               Fee (Annual Percentage)
 Fees for any non-profit or tax-              First $2,000,000.00                        1.20%
 exempt organization account are              Next $3,000,000.00                         0.75%
 tier priced as follows:                      Next $5,000,000.00                         0.60%
                                       For balances over $10,000,000.00                  0.25%

                                         Fixed Income Accounts
                                            Account Size (AUM)                 Fee (Annual Percentage)
 Fees for households allocated               First $5,000,000.00                       0.45%
 90% or more in fixed income                 Next $5,000,000.00                        0.35%
 positions and/or strategies as              Next $5,000,000.00                        0.30%
 follows:                             For balances over $15,000,000.00                 0.25%

Fees for Investment Management Services are billed monthly, in arrears, meaning that we assess fees to
you after the monthly billing period has ended. Fees are calculated on the basis of daily average balance,
which is determined by averaging your account’s day-end values for the days of the month your account is
active. Asset additions to or withdrawals from an account during the billing period are accounted for during
fee billing as of the day of addition or withdrawal. Payment in full is expected upon assessment of fees.
Fees may be deducted from a designated client account to facilitate billing. The client must consent in
advance to direct debiting of their investment account. Clients may also choose to pay by check.
Private placements and alternative investments under management are billed differently as they use old
valuations, and billing will fluctuate based on when valuations are updated.
Please refer to your agreement with us for specific details on the amount and way we are compensated by
you for providing Investment Management Services.

Wealth Management Services
Wealth Management fees are based on a negotiated flat fee divided into installment payments, contracted
usually for twelve-month term, but may vary depending on the needs of the client. Payment terms and
further details will be found in the agreement between us and the client for Wealth Management Services.

Selection of Other Advisors
Our advisory fee will be in addition to the fee you pay to the Third-Party Advisors. Our advisory fee is set
within a range provided by Third-Party Advisors for the service of referring clients and assuming the
fiduciary responsibility of the Third-Party Advisors to meet your objectives. The advisory fee you pay to
the Third-Party Advisors is in addition to the management fee paid to Private Wealth for Investment
Management Services. This creates a conflict of interest because greater compensation may be received by
us when clients engage with a Third-Party Advisor recommended by us. In other words, we have an
incentive to recommend Third-Party Advisors, and we may be further incentivized to recommend one
Third-party Advisor over another Third-Party Advisor with whom we have less favorable compensation
arrangements or other advisory programs offered by Third-Party Advisors with which we have no
compensation arrangements. Clients are not obligated to use any of the sub advisor recommendations.
Please refer to your agreement with us for Investment Management Services for specific information on
how we are compensated for recommending Third-Party Advisors and the additional fees you will pay for
using such advisors.

Third-Party/Custodian Fees
As applicable for all Investment Advisory Services, custodians may charge transaction fees on purchases
or sales of securities. These transaction charges are usually small and incidental to the purchase or sale of
...

Item 7: Types of Clients
The Firm offers a variety of services, including investment advisory and non-investment advisory services.
These services are provided to:

    •    Individuals (including high net worth individuals)
    •    Family offices
    •    Trusts
    •    Estates
    •    Philanthropic and non-profit organizations
    •    Other types of business entities
    •    Retirement plans

Minimum Account Size
The Firm does not have a required minimum account size for Investment Advisory Services. However,
Third-Party Advisors, as described in Items 4 and 5, may have minimum requirements based on their
investment model and strategies.