Satis Asset Management Ltd

5. Fees and Compensation

Overview of Charges
Satis Wealth Management provides advisory services with a focus on building long-term client
relationships. Accordingly, our fee structure is based on an ongoing assets-under-management
(AUM) model with no initial setup or onboarding charges applied by Satis.

Our standard services are subject to a minimum annual fee of $5,000, and fees are calculated
based on a tiered percentage of the portfolio value under our management. Fees may be paid
from the investment account or directly by the client, as outlined below.

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Standard Tiered Fee Schedule
The total advisory charge is composed of two components: Advisory Financial Planning and
Discretionary Investment Management.

Total Combined Fee
                              Portfolio Value                              Annual % Fee (Total)
                              $0 – $1,000,000                                            0.90%
                      $1,000,001 – $5,000,000                                            0.75%
                             Over $5,000,000                                             0.60%

Fee Breakdown
                                 Advisory Financial Planning
                              Portfolio Value                                      Annual % Fee
                              $0 – $1,000,000                                            0.70%
                      $1,000,001 – $5,000,000                                            0.55%
                             Over $5,000,000                                             0.40%

                             Discretionary Investment Management
                               Portfolio Value                                     Annual % Fee
                                       All tiers                                          0.20%

Note: Fees are calculated using a tiered (marginal) structure. Each portion of your portfolio is
charged at the rate applicable to that tier, not as a flat percentage across the total value.

Illustrative Example – Portfolio of $1,500,000
                  Portfolio Tier                         Rate                        Charge ($)
               First $1,000,000                         0.90%                            $9,000
                 Next $500,000                          0.75%                            $3,750
                                         EƯective Rate- 0.85%                    TOTAL- $12,750

How Fees Are Collected
• Ongoing fees commence once investable funds are received by the platform provider
recommended by Satis, or once Satis assumes servicing rights on an existing plan.

• Fees are typically deducted monthly in arrears from the investment account via the platform
provider, based on the month-end portfolio value.

• Clients may also elect to pay fees directly by cheque or electronic bank transfer, in which
case fees are payable within 14 business days of receiving a fee invoice.

Where ongoing fees are calculated based on a percentage of assets, the dollar value of fees
may increase or decrease as the portfolio value fluctuates.

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Due to the dual citizenship of some of the individuals and families that we advise we may
sometimes have to apply an additional charge know as VAT (Value Added Tax), in line with UK
law. This is a UK tax and may be applicable when we are advising on UK domiciled assets. We
will advise when this additional charge is applied.

Fee Negotiability
Satis reserves the right to negotiate fees in certain circumstances, such as for high-net-worth
clients, strategic partnerships, or legacy arrangements. Any negotiated fees will be
documented in writing.

Other Fees and Expenses
In addition to Satis's fees, clients may incur the following third-party costs:

Investment Funds (ETFs & Mutual Funds)
Underlying investments may impose internal fees and expenses, which are reflected in each
fund’s prospectus. These costs are embedded in the fund’s net asset value and are not billed
separately.

Platform and Custodian Fees
The recommended custodian or platform provider may charge fees for:

• Account maintenance
• Trading
• Custody services
• Ancillary administrative support
• Transaction fees

In some cases, these fees may be deducted by the provider and remitted to Satis for onward
payment. Any non-standard service charges will be disclosed and agreed upon prior to
implementation.

Illustrative example- portfolio of $1,500,000 in an 80/20 portfolio.
 Charge                                %                            $
 Adviser Charge                        0.85%                        $12,750.00
 Plaƞorm Charge                        0.2%                         $3,000.00
 Investment/Porƞolio Charge            0.28%                        $4,200.00
 Total Charge                          1.33%                        $19,950.00

Termination and Refund Policy
Either party may terminate the advisory agreement:

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• By Satis: With at least 30 business days’ written notice
• By the client: At any time, in writing, without penalty

If services are terminated before the end of a billing cycle:

• Fees already earned will remain payable.
• Any prepaid but unearned fees will be prorated and refunded promptly.

If the relationship ends immediately following the initial "Discovery Period" with no services
executed, Satis will absorb all internal costs. However, where services are rendered but fees
paid fall below the minimum annual fee, a one-time adjustment fee (up to the £5,000 minimum)
may apply.

7. Types of Clients
Satis Wealth Management provides advisory services to a diverse range of clients. These
include:

• High-net-worth individuals and families, primarily based in the United Kingdom
• Non-UK individuals, including clients residing in the United States and other jurisdictions
• Trusts and estates
• Charitable organisations
• Corporate entities and business owners

Satis typically works with clients who have investable assets of $1,000,000 (USD) or more.
However, accounts with lower asset levels may be accepted at the discretion of senior
management, particularly in cases involving legacy relationships, referrals, or clients with
significant future growth potential.

Unless otherwise agreed, all clients will be treated as Retail Clients under the UK regulatory
framework, which ensures the highest level of regulatory protection. Please note that certain
protections may not apply to clients located outside the United Kingdom, subject to local
regulatory exemptions or limitations.

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