RWR Investments LLC

Item 5. Fees and Compensation
COMPENSATION FOR ADVISORY SERVICES

Below is a discussion of how RWR is compensated in connection with providing Full-Service Asset Management and
Outsourced Chief Investment Officer services. We may enter into different fee arrangements on a client-by-client
basis. Our fees are negotiable, taking into consideration factors such as the amount of assets we will manage for a
client, the complexity of the client’s financial goals, the type and amount of services requested, and any special

RWR Investments LLC | Form ADV, Part 2A: Brochure | April 2026                                                        6

circumstances. It is therefore possible that clients receiving similar services from us may pay different fees.
Advisory fees are generally calculated at the end of the calendar quarter and debited from each client’s account(s)
within the first ten (10) business days of the subsequent quarter. We may waive or reduce these fees for any client at
our discretion.

Managed Account Clients
For advisory services provided to our Managed Account Clients, we receive a “management fee” equal to a percentage
of the client’s total assets under management. Management fees range from 0.25% (25 basis points) to 1.00% (100
basis points) and vary based on the type of asset and the complexity of the services we provide with respect to its
management. For real assets owned by our clients and managed by RWR, we charge an asset management fee equal
to 0.50% (50 basis points), calculated using the current value of the asset. For all other assets, clients are charged a
tiered management fee based on their assets under our management. The management fee decreases with each AUM
hurdle reached, as illustrated by our standard fee schedule below.

                                                            Annual    Maximum
       Fee Schedule       Assets Under Management
                                                             Fee        Fee

      Tier 1            $1 to $25,000,000                   1.00%     $250,000
      Tier 2            $25,000,001 to $50,000,000          0.50%     $125,000
      Tier 3            50,000,001 and above                0.25%

Each client’s negotiated management fee is detailed in their respective advisory agreement.
Our management fee is calculated using the client’s total AUM, which is comprised of the following:
  •    The account balance in each of the client’s custodial accounts managed by RWR;
  •    The fair value of any direct investment managed by RWR;
  •    The fair market value of the client’s investment in any Private Fund managed by RWR;
  •    The fair market value of any non-RWR private investment which RWR is managing for the client; and
  •    The fair market value of any real asset which RWR is managing for the client.
A client’s AUM is calculated using the gross value of the assets and accounts generally without any offset for margin
or debt balances, except for real estate, for which the value used is net of debt. Assets are priced using an independent
pricing service, based on the value reported by a third-party manager, or in the case of investments for which third
party values are not readily available, in good faith by RWR.
Quarterly management fees are charged in arrears based on the client’s AUM as of market close on the last business
day of the preceding calendar quarter; provided no valuations for private investments are provided to RWR on a
delayed basis. In such instances, fee calculations will be determined using the most recently available quarter-end
value of such investments.
Managed Account Clients pay all custody fees and brokerage commissions incurred on behalf of their accounts as well
as any management fees for outside managers.

RWR Investments LLC | Form ADV, Part 2A: Brochure | April 2026                                                         7

Private Funds
For advisory services provided to the Private Funds, we receive an annual management fee equal to 0.25% (25 basis
points), charged pro rata on a quarterly basis (.0625% per quarter). Because we receive management fees for the
Private Funds in addition to the management fee from our Managed Account Clients, our recommendation to invest
in these funds creates a potential conflict of interest. We mitigate this risk by disclosing the existence of these fees in
this brochure and the governing documents for each Private Fund. Clients are under no obligation to invest in a Private
Fund.
Each Private Fund bears all costs of its organization and operation, expenses incurred in the purchase and sale of
investments, and accounting and audit fees. For further details, please see the governing documents for the respective
Private Fund.

OTHER FEES AND EXPENSES

Managed Account Clients
In addition to the fees described above, Managed Account Clients will incur additional fees and expenses in their
custodial accounts charged by third parties including custodians, brokers, mutual fund companies, separate account
managers, and pooled investment vehicles. These fees may include brokerage commissions, transaction fees, mark-ups
and mark-downs, dealer spreads, wire transfer and ACH fees, margin interest, exchange or custodial fees, and other
fees and taxes on brokerage accounts and securities transactions. For further details regarding the custodial
relationship, please refer to Item 12. Brokerage Practices.
We may recommend one or more third-party investment managers to manage a portion of the client’s assets, in
particular when the third-party manager has an expertise managing certain types of assets. Clients will pay the
management fees for services provided by third parties engaged to manage a portion of the client’s assets as a sub-
adviser, separate account manager, or an investment manager for a private fund. When we recommend the use of a
third-party manager, clients will pay our management fees in addition to the management fees charged by the third-
...

Item 7. Types of Clients
We provide investment advisory services to:
  •   Individuals and families, including Family Offices
  •   High-net-worth and ultra-high-net-worth individuals
  •   Trusts, estates, and charitable organizations
  •   Corporate entities and limited partnerships
  •   Pooled investment vehicles, including private funds

RWR Investments LLC | Form ADV, Part 2A: Brochure | April 2026                                                           9

 MINIMUM ASSETS UNDER MANAGEMENT

 We generally require Managed Account Clients to maintain a minimum of $10,000,000 in assets under our management.
 However, we may reduce or waive this minimum at our discretion.