Saga Partners LLC

Item 5 Fees and Compensation
Description & Fee Billing

Asset Management Fees
Pursuant to an investment advisory contract signed by each client, the client will pay Saga Partners
either a fixed or variable quarterly management fee. The variable management fee is 0% to 1.5%,
payable in arrears at the beginning of each quarter, based on the value of portfolio assets of the
account on the last business day of the preceding quarter. The fixed management fee is negotiated
between the client and Saga Partners. For new accounts, the fee for the first quarter will be prorated
from the account funding to the end of the quarter.

These fees may be negotiated by the Advisor, at the sole discretion of the Advisor. Asset
management fees will be automatically deducted from the client account on a quarterly basis by the
qualified custodian. The client will give written authorization permitting the Advisor to be paid directly
from their account held by the custodian. The custodian will send a quarterly statement to the client
and the Advisor will also send a quarterly invoice to the client outlining the fee calculation and the
amount withdrawn from the client account. Investment Advisory fees may be reduced or waived for
directors, officers, and employees of Saga Partners at the discretion of management.

Other Fees and Expenses
All fees paid to Saga Partners for investment advisory services are separate and distinct from the
expenses charged by mutual funds to their shareholders. These fees and expenses are described in
each fund’s prospectus. These fees will generally include a management fee and other fund
expenses.

At no time will Saga Partners accept or maintain custody of a client’s funds or securities except for
authorized fee deduction. Client is responsible for all custodial and securities execution fees charged
by the custodian and executing broker-dealer. The Advisor’s fee is separate and distinct from the
custodian and execution fees.

Fees Paid In Advance
Clients do not pay fees in advance.

For Individuals - Your death will not terminate the Investment Management Agreement or authority
granted to our firm to charge for management fees until we have received actual written notification of
your death.

Additional Compensation for the Sale of Securities or Other Investment Products
The firm and its supervised persons do not accept compensation for the sale of securities or
investment products.

Item 7 Types of Clients
Description
The firm will offer its services to individuals and high net worth individuals.

Account Minimums
The firm has a recommended minimum initial investment of $250,000.00, but we reserve the right to
waive that minimum amount for special situations.