Sagent Wealth Management

Item 5 – Fees and Compensation
5.1 Wealth Management Fee
The Firm is compensated through a fee for providing ongoing Wealth Management
Services. Wealth Management Services include investment management, ongoing
financial planning, periodic client reviews, and other advisory services provided under the
terms of the client’s advisory agreement.
The Firm’s annual advisory fee is generally based upon a percentage of the market value of
the assets under management in accordance with the following schedule:
                             Assets Under Management   Annual Fee
                             $0 – $499,999                 1.50%
                             $500,000 – $999,999           1.25%
                             $1,000,000 – $2,999,999       0.90%
                             $3,000,000 and above          0.65%

The specific fee applicable to each client is set forth in the client’s advisory agreement.
The Firm bills advisory fees quarterly in advance based upon the market value of the assets
under management as of the last business day of the preceding calendar quarter. Initial
fees are prorated based upon the date advisory services begin.
The Firm may negotiate advisory fees based upon factors such as the nature of the
advisory relationship, anticipated assets under management, related accounts,
complexity of the client’s circumstances, or other relevant considerations. Accordingly,
similarly situated clients may pay different advisory fees.

5.2 Billing Authorization
Clients generally authorize the Firm to deduct advisory fees directly from their custodial
accounts. The client’s qualified custodian reflects advisory fee deductions on the account
statements provided to the client.
Clients may revoke fee deduction authority upon written notice to the Firm. Alternative
billing arrangements may be available upon mutual agreement.

5.3 Other Fees and Expenses
The Firm’s advisory fee is separate from the fees and expenses charged by third parties.
Depending upon the investments selected and the services utilized, clients may incur
additional costs, including:

   •   Custodial fees;
   •   Brokerage or transaction costs;
   •   Mutual fund or exchange-traded fund operating expenses;
   •   Independent third-party manager fees;
   •   Fees associated with annuities or other investment products;
   •   Wire transfer or electronic fund transfer fees;
   •   Taxes; and
   •   Other fees imposed by unaffiliated third parties.
Clients are encouraged to review applicable prospectuses, offering documents, and
custodial disclosures for additional information regarding these expenses.

5.4 Fee Refunds
If an advisory relationship terminates before the end of a billing period, the Firm will
calculate any refund of prepaid advisory fees in accordance with the terms of the client’s
advisory agreement.

5.5 Conflicts Related to Fees
Because the Firm’s compensation is generally based upon assets under management, the
Firm has a financial incentive to encourage clients to increase the assets managed by the
Firm. This creates a conflict of interest.
The Firm seeks to manage this conflict by acting as a fiduciary, disclosing material
conflicts of interest, and maintaining policies and procedures reasonably designed to
place clients’ interests ahead of the Firm’s own interests.

Item 7 – Types of Clients
The Firm offers Wealth Management Services to a variety of clients, including:

   •   Individuals;
   •   Families;
   •   Trusts;
   •   Retirement plans;
   •   Businesses;
   •   Non-profit organizations;
   •   Family offices; and
   •   Other entities for whom the Firm’s services are appropriate.
The Firm generally determines whether a prospective client is an appropriate fit based
upon the client’s circumstances, financial planning needs, investment objectives, and the
Firm’s ability to provide meaningful value through its Wealth Management Services.

The Firm does not impose a general minimum account size or minimum asset
requirement. The Firm reserves the right to accept or decline prospective clients based
upon the nature of the requested services and other relevant considerations.