Fees and Compensation — Form ADV Part 2A (4/30/2026)
[Brochure]
Item 5. FEES AND COMPENSATION
Royal Investment Adviser only earns its fees from management of The Driven
Fund LLC. The fees assesses are Management Fees based on assets under
management (AUM) and Performance Fees.
Management Fees: The fee is based on the Assets Under Management (AUM)
structure. The management fee is paid monthly 1/12 of 2 % (2% per annum)
based on the beginning capital account balance of each client every month. The
management fees will be deducted in arrears from the client accounts at the end
of the month based on the capital account balance at the beginning of the month.
No management fees will be refunded as all the fees will be deducted in arrears.
Performance fees: We will assess a performance fee of 20% of the net capital
appreciation allocated to the fund at the end of each month. The profits and
losses of the Company shall be determined in accordance with U.S. Generally
Accepted Accounting Principles ("U.S. GAAP"), including provisions for accruals
and reserves in respect of any amounts constituting Company liabilities. The
calculation of the profits and losses of the Company will take into account the
total assets of the Company, including all cash and cash equivalents (valued at
cost), accrued interest and dividends, and the market value of all securities and
all other assets of the Company, and all liabilities of the Company including, but
not limited to, accrued legal, accounting, and auditing fees, solicitation fees,
research-related expenses, operating fees and organizational expenses, and any
extraordinary expenses, determined in accordance with U.S. GAAP applied
under the accrual basis of accounting by the Manager in its sole discretion.
Performance fees shall be subject to a loss carry-forward provision also known as
“High Water Mark” No Performance Fee will be deducted from the fund’s capital
account until prior losses for the current calendar year allocated to such client
have been recovered. As such the funds only has to pay a performance fee on
new profits. The calendar year of the driven fund will end every December 31. We
will adjust all performance fees payable on a pro-rata basis to reflect any deposits
or withdrawals made within a calendar month. No performance fees will be
charged until after one year’s worth of performance data as per Utah
Administrative Rule 164-2-1(E). The performance fees will be deducted from the
funds accounts monthly at the completion of 12 months. Please refer to item
Filed 2019-10-15 (D/A) · Exemption 506(c), 3(c), 3(c)(7) · Minimum $25,000 · Remaining Indefinite · Duration More than one year · Net Assets No Aggregate Net Asset Value
AUM Breakdown
Accounts
AUM ($)
By Client Type
(a) Individuals (other than high net worth individuals)
0
0.0
(b) Individuals (high net worth individuals)
0
0.0
(c) Banking or thrift institutions
0
0.0
(d) Investment companies
0
0.0
(e) Business development companies
0
0.0
(f) Pooled investment vehicles
0
0.0
(g) Pension and profit sharing plans
0
0.0
(h) Charitable organizations
0
0.0
(i) State or municipal government entities
0
0.0
(j) Other investment advisers
0
0.0
(k) Insurance companies
0
0.0
(l) Sovereign wealth funds and foreign official institutions
0
0.0
(m) Corporations or other businesses not listed above