Sage Investment Advisers LLC

Item 5 – Fees and Compensation

The following paragraphs detail the fee structure and compensation methodology for services provided by the
Advisor. Each Client shall sign one or more agreements that detail the responsibilities of Sage and the Client.

A. Fees for Advisory Services
Investment Management Services
Investment advisory fees are paid monthly, in advance of each month, pursuant to the terms of the investment
advisory agreement. Investment advisory fees are based on the market value of assets under management at
the end of the prior month.

                             Assets Under Management                            Annual Fee (%)
                           Up to $100,000                                          2.00%
                           $100,001 to $250,000                                    1.75%
                           $250,001 to $1,000,000                                  1.50%
                           $1,000,001 to $2,000,000                                1.25%
                           $2,000,001 to $5,000,000                                1.00%
                           Over $5,000,000                                         0.75%

                                               Sage Investment Advisers LLC
                                        1829 South Road, Wappingers Falls, NY 12590
                                 Phone: (845) 240-1551 | https://sageinvestmentadvisersllc.com

The investment advisory fee in the first month of service is prorated from the inception date of the account[s] to
the end of the first month. Fees may be negotiable at the sole discretion of the Advisor. Certain legacy Clients
may have a fee schedule that differs from above. The Client’s fees will take into consideration the aggregate
assets under management with Advisor. All securities held in accounts managed by Sage will be independently
valued by the Custodian. Sage will conduct periodic reviews of the Custodian’s valuation to ensure accurate
billing.

Use of Independent Managers
As noted in Item 4, the Advisor may implement all or a portion of a Client’s investment portfolio utilizing one or
more Independent Managers. To eliminate any conflict of interest, the Advisor does not earn any compensation
from an Independent Manager. The Advisor will only earn its investment advisory fee as described above. The
Advisor will allocate a portion of the advisory fee collected to the Independent Manager pursuant to the terms of
the executed agreement between the Advisor and the Independent Manager. The total blended fee, including the
Advisor’s fee and the Independent Manager’s fee, will not exceed 2.00% annually.

Financial Planning Services
Sage offers financial planning services at an hourly rate ranging up to $250. Fees may be negotiable based on
the nature and complexity of the services to be provided and the overall relationship with the Advisor. An
estimate for total hours and/or costs will be provided to the Client prior to engaging for these services.

B. Fee Billing
Investment Management Services
Investment advisory fees will be calculated by the Advisor or its delegate and deducted from the Client’s
account[s] at the Custodian. The Advisor shall send an invoice to the Custodian indicating the amount of the fees
to be deducted from the Client’s account[s] at the respective month end-date. The amount due is calculated by
applying the monthly rate (annual rate divided by 12) to the total assets under management with Sage at the end
of the prior month. Clients will be provided with a statement, at least quarterly, from the Custodian reflecting
deduction of the investment advisory fee. It is the responsibility of the Client to verify the accuracy of these fees
as listed on the Custodian’s brokerage statement as the Custodian does not assume this responsibility. Clients
provide written authorization permitting advisory fees deducted by Sage to be paid directly from their accounts
held by the Custodian as part of the investment advisory agreement and separate account forms provided by the
Custodian.

Use of Independent Managers
For Client accounts implemented through an Independent Manager, the Client’s overall fees will include Sage’s
investment advisory fee (as noted above) plus investment management fees and/or platform fees charged by the
Independent Manager. The Advisor will assume the responsibility for calculating the Client’s fees and deducting
all fees from the Client’s account[s].

Financial Planning Services
Financial planning and consulting fees are invoiced up to fifty percent (50%) of the expected project fee upon the
execution of the financial planning or consulting agreement with the balance due upon completion of the
engagement deliverable[s].

C. Other Fees and Expenses
Clients may incur certain fees or charges imposed by third parties in connection with investments made on behalf
of the Client’s account[s]. Sage includes Covered Costs as part of its overall investment advisory fee through the
Sage Wrap Fee Program. Covered Costs for Client-directed trades may be charged back to the Client. Please
see Item 4.D. above as well as Appendix 1 – Wrap Fee Program Brochure.

In addition, all fees paid to Sage for investment advisory services are separate and distinct from the expenses
charged by mutual funds and ETFs to their shareholders, if applicable. Fees paid to Independent Managers are
not shared with Sage. These fees and expenses are described in each fund’s prospectus. These fees and

                                              Sage Investment Advisers LLC
                                       1829 South Road, Wappingers Falls, NY 12590
                                Phone: (845) 240-1551 | https://sageinvestmentadvisersllc.com

expenses will generally be used to pay management fees for the funds, other fund expenses, account
administration (e.g., custody, brokerage and account reporting), and a possible distribution fee. A Client may be
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Item 7 – Types of Clients

Sage offers investment advisory services to individuals, high net worth individuals, families, trusts, and estates.
Sage does not impose a minimum account or relationship size; however certain investment strategies and
Independent Managers may require a minimum account size to effectively implement their investment mandate.