Sage Capital Advisors LLC

ITEM 5: FEES AND COMPENSATION
The following information details the fee structure and compensation methodology for investment management
services. Each Client shall sign an Investment Management Agreement that details the responsibilities of Sage
and the Client.

FEES FOR ADVISORY SERVICES
Investment Management Services: Sage’s fees for investment advisory services varies based on the amount of
assets managed by Sage. Typically, fees are a fixed percentage of the assets under management. This fee
includes all investment recommendations and portfolio implementation, unless the client contract states
otherwise. The fees for investment advisory services are billed on a tiered fee schedule. It is important to note
that Sage bills on cash and cash equivalents when part of an investment strategy. Family accounts may be
combined for calculating breakpoints; some clients may pay a flat fee in lieu of the assets under management fee.

                                Tiered Annualized Investment Management Fees
                 Account Value                                    Annual Percentage Fee
                 On the First $1,000,000                          1.5%
                 On the next $3,000,000 (1-4 Million)             1.3%
                 On the next $3,000,000 (4-7 Million)             1.2%
                 On the next $3,000,000 (7-10 Million)            1.1%
                 All assets over $10 Million                      1%

Sage may permit exceptions to its fee policies such as flat fee billing. Such negotiated fees are approved on a
case-by-case basis by the principals of Sage. The determining factors to a negotiated fee are the relative
complexity of the client situation, size of the portfolio and the scope of services to be provided. In all cases, the
Client’s fee will be agreed upon in advance and indicated in the Client Agreement.
Consulting Fees and Financial Planning Services: Clients may engage Sage on an hourly fee basis. Hourly fees are
usually charged for various consulting services a client may request. Hourly fees are $250.00 per hour or a
predetermined fee starting at $1,000. In no case shall fees for this service exceed $100,000.
Investment Management for Plan Participants and Plan Sponsors: Sage’s fee for investment advisory services for
plan participants and plan sponsor varies based on the amount of assets managed by Sage. Typically, fees are a
fixed percentage of the assets under management. This fee includes all investment recommendations and
portfolio implementation, unless the client contract states otherwise.
The fees for investment advisory services for plan participants and plan sponsors are billed on a tiered fee
schedule.
                              Total Assets                            Annual Fees
                              $0-$499,000                               0.80%
                              $500,000 - $9,999,999                     0.70%
                              $10,000,000 - $14,999,999                 0.60%
                              $15,000,000 - $24,999,999                 0.50%
                              $25,000,000 - $49,999,999                 0.40%
                              $50,000,000 and above                     0.30%

Sage may permit exceptions to its fee policies such as flat fee billing. Such negotiated fees are approved on a
case-by-case basis by the principals of Sage. The determining factors to a negotiated fee are the relative
complexity of the Client situation, size of the portfolio and the scope of services to be provided. In all cases, the
fees will be agreed upon in advance and indicated in the Client agreement.

FEE BILLING
Asset Based Fee: Fees billed on a percentage of assets under management and are invoiced either monthly or
quarterly in advance or in arrears. For accounts billed in arrears the fee will be based upon the account value on
the last day of the period. For accounts billed in advance the fee will be based upon the account value on the
last day of the previous period. ERISA accounts will be quarterly in arrears. All fees will be agreed upon in advance

and indicated in the Client agreement. For accounts opened during the month, fees will be prorated to cover
only that period in which the account was managed by Sage.
Asset based management fees will be automatically deducted from the client account by the Custodian. Sage
shall send a monthly invoice to the Custodian indicating the amount of fees to be deducted from the Client
account. The amount due monthly is calculated by applying the annual rate in the tables above to the total assets
under management with Sage prorated for the applicable time.
Clients receive independent statements from the Custodian generally on a monthly basis, but no less frequently
than quarterly. It is the responsibility of the Client to verify the accuracy of the fees as listed on the Custodian’s
brokerage statement as the Custodian does not assume the responsibility.
Consulting and Financial Planning Fees: Clients paying an hourly fee will be billed in arrears monthly or upon
completion of the work agreed upon in the contract. Hourly fees are documented during the project work and
the Client will receive an invoice for the fee.
The maximum annual fee charged to clients utilizing Third Party Managers will not exceed the maximum fee
published above for this service. Our firm will debit fees for this service as disclosed in the executed advisory
agreement between the client and our firm. This fee shall be in addition to any fees assessed by the chosen third
party money manager. The third-party money managers we recommend will not directly charge you a higher
fee than they would have charged without us introducing you to them. Third party money managers establish
and maintain their own separate billing processes over which we have no control. They will directly bill you and
describe how this works in their separate written disclosure documents
...

ITEM 7: TYPES OF CLIENTS
Sage may provide services to a variety of client types. However, Sage clients will typically fall into one of the
following categories:
    •   Individuals, Small Business Owners, Families, Personal Trusts and Estates: Private investors investing
        personal assets
    •   501C(3) Non-Profit Corporation: Non-Profit corporations may be charitable groups or Native American
        Tribes.
    •   Pension and Profit-Sharing Plans: Generally organized as a trust investing the assets of plan participants.
    •   Plan Participants: Individuals enrolled in a pension or profit-sharing plan seeking individual advice
        independent of their plan sponsor.
The relative percentage of each client type is available on Sage’s Form ADV Part 1. The actual mix of types of
clients changes over time based upon market conditions, business plans and other factors.
For accounts governed by the Employee Retirement Income Security Act of 1972, as amended (“ERISA”), Sage
acknowledges that it is a fiduciary to the plan under Section 3(38) of ERISA. In providing its services, the sole
standard of care imposed upon Sage is to act with the care, skill, prudence and diligence under the circumstances
then prevailing that a prudent man acting in a like capacity and familiar with such matters would use in the
conduct of an enterprise of a like character and with like aims.
Sage provides customized services to meet the unique needs of each Client. Additional details are presented in
Item 4 – Advisory Services