Item 5 – Fees and Compensation
General Fee Information
Reicon Wealth provides Investment Advisory Services to its clients pursuant to investment advisory and/or
subscription agreements (the “Agreements”). The Agreements for each of its clients set forth in detail the
fee structure relevant to each client.
Reicon Wealth receives compensation from fees based on a percentage of assets under management
(“Management Fee”) and carried interest (“Carried Interest”). Management fees paid to Reicon Wealth are
exclusive of all account fees and transaction costs, including, without limitation, brokerage commissions,
transaction fees, account fees, charges imposed by custodians, brokers and other third parties such as fees
charged by managers, custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire
transfer and electronic fund fees and other fees and taxes on brokerage accounts and securities transactions.
Fees paid to Reicon Wealth are also separate and distinct from the fees and expenses charged by the SPVs
(generally including a management fee and fund expenses, as described in each SPV’s prospectus, or
offering materials). Clients and investors should review all fees charged by Reicon Wealth and others to
fully understand the total amount of fees to be paid by clients, including the SPVs.
Please see Item 12 - Brokerage Practices for additional information.
Private Special Purpose Vehicles
For advisory services provided to the SPVs, Reicon Wealth is entitled to receive a Management Fee
calculated at an annual rate of 1% of the aggregate capital contributions of investors. The manager of each
SPV may hold back distributions otherwise due to investors in the amount of management fees and
expenses payable rather than actually call management fees and expenses from investors. SPVs incur other
expenses in addition to management fees and performance-based fees (e.g., operating expenses, accounting
expenses, legal fees). These additional expenses are described in the offering and governing documents of
the applicable SPV. Details regarding the fees charged to the SPV will be provided in the relevant fund’s
offering documents.
The information provided in this Brochure regarding fees and expenses is not intended to be complete or
final and is qualified in its entirety by the governing documents for each SPV. Investors should read and
review the governing documents to fully understand the types of fees and expenses that are paid by each
SPV.
Investment Advisory Services
Management Fees are generally payable quarterly, in arrears, but Reicon Wealth may enter into alternate
arrangements (such as billing monthly). Typically, Management Fees are charged as a percentage of assets
under management and are calculated at the close of each calendar quarter (or month, if applicable). If
management begins after the start of a quarter (or month, if applicable), the fee for the initial quarter shall
be calculated on a prorated basis commencing on the day client assets are initially deposited into the
investment advisory account managed by Reicon Wealth.
For Client relationships established prior to March 1, 2024: If additional assets are deposited into or
withdrawn from an account after the start of a subsequent quarter, the Management Fee payable to the
advisor will not be prorated.
For Client relationships established after March 1, 2024: If additional assets are deposited into or
withdrawn from an account after the start of a subsequent quarter, the Management Fee will be prorated
based on the number of days remaining in the quarter.
Management Fees are individually negotiated with each client. Factors considered in determining the
Management Fees charged generally include but are not limited to: the scope of the services being provided;
the complexity of the client’s portfolio; assets to be placed under management; anticipated future assets;
related accounts; portfolio style; account composition; or other special circumstances or requirements.
While the specific Management Fee schedule for any particular client will be identified in the investment
advisory agreement between the client and Reicon Wealth, the typical range of fees is between 0.30% and
1.0% depending on the size of the client account, services to be provided, asset allocation of the account, and
other factors negotiated between the client and their investment adviser representative.
There is no minimum account size for Investment Advisory Services, but certain accounts may be subject
to a minimum annual fee. Reicon Wealth may, at its discretion, make exceptions to any of the foregoing or
negotiate special fee arrangements where Reicon deems it appropriate under the circumstances. Reicon
Wealth’s Management Fees are subject to change upon not less than 30 days’ notice.
Generally, Management Fees are debited directly from client accounts unless other arrangements are made
and mutually agreed to in writing (e.g., Reicon Wealth provides the client an invoice for direct payment
outside of the client’s accounts). For Reicon Wealth to directly debit its investment advisory fees from a
client’s account, the client must consent in the investment advisory agreement to direct debiting of their
investment account.
Either Reicon Wealth or the client may terminate their investment advisory agreement at any time, subject
to any written notice requirements in the investment advisory agreement, which typically require 30 days’
written notice. In the event of termination, any paid but unearned Management Fees will be promptly
refunded to the client based on the number of days that the account was managed, and any fees due to
Reicon Wealth from the client will be invoiced or deducted from the client’s account prior to termination.
Other Fees
In addition to Reicon Wealth’s fees discussed above, clients will pay transaction fees and/or brokerage fees
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