Silverpeak Wealth Advisors LLC

Item 5: Fees and Compensation

Asset-Based Fees for Portfolio Management

               Total Assets Under Management                   Annual Fee
                         $0 - $1,000,000                          1.00%

                     $1,000,001 - $5,000,000                      0.75%

                        $5,000,001 & up                           0.50%

These fees are negotiable, and the final fee schedule is included in the Investment Advisory
Contract.

In addition to the payment of an advisory fee to our firm, clients investing in Private Funds
directly and/or indirectly will pay a separate fee to the Investment Managers of such funds,
and certain other fees and expenses of the Private Funds. Investors invested directly and/or
indirectly in Private Funds may also pay carried interest, performance, or incentive allocations
to the Investment Managers or sponsors of the Private Funds, all of which contribute to the
overall cost of the investment.

Asset-based portfolio management fees are withdrawn directly from the client's accounts with
the client's written authorization or may be invoiced and billed directly to the client. Clients may
select the method in which they are billed. For client fees withdrawn directly from client accounts,
the adviser will:
   (A) Possess written authorization from the client to deduct advisory fees from an account held
       by a qualified custodian.
   (B) Verify that the qualified custodian sends at least quarterly statements.
   (C) Send the qualified custodian written notice of the amount of the fee to be deducted and
       send the client a written invoice itemizing the fee, including the formula used to calculate
       the fee, the time period covered by the fee, and the amount of assets under management
       on which the fee was based.

Fees are paid in advance on a quarterly basis, and SilverPeak bills based on the balance on the
first day of the billing period.

Either Client or SilverPeak may terminate the agreement without penalty for a full refund of
SilverPeak's fees within five business days of signing the Investment Advisory Contract.
Thereafter, either party may terminate the Investment Advisory Contract upon written notice. In
the event of termination, refunds for unearned fees paid in advance will be returned within
fourteen days to the client via check or return deposit back into the client’s account. For all asset-
based fees paid in advance, the unearned fee refunded will be the balance of the fees collected in
advance minus the daily rate* times the number of days in the billing period up to and including
the day of termination. (*The daily rate is calculated by dividing the annual asset-based fee rate
by 365.)

Clients are responsible for the payment of all third-party fees (i.e., custodian fees, brokerage fees,
mutual fund fees, transaction fees, etc.). Those fees are separate and distinct from the fees and
expenses charged by SilverPeak. Please see Item 12 of this brochure regarding broker-
dealer/custodian.

Neither SilverPeak nor its supervised persons accept any compensation for the sale of securities
or other investment products, including asset-based sales charges or service fees from the sale of
mutual funds.

Third-Party Asset Management Fees
SilverPeak may direct clients to third-party investment advisers, Breckinridge Capital Advisors,
Inc., or Parametric Portfolio Associates, LLC. SilverPeak will receive its standard fee on top of the
fee paid to the third-party adviser. The fees are withdrawn, and the custodian pays each party
TPMM and SilverPeak. The client fees are paid quarterly. SilverPeak fees are paid in advance;
Breckinridge and Parametric fees are payable quarterly in arrears and will not exceed any limit
imposed by any regulatory agency.

A TPMM relationship may be terminated at your or your Investment Advisor Rep.’s discretion.
Factors involved in the termination of a Manager may include a failure to adhere to their stated
management style or your objectives, a material change in the professional staff of the Manager,
unexplained inconsistency of account performance, or our decision to no longer include the
Manager on our list of approved Managers. The notice of termination requirement and payment
of fees for third-party investment advisers will depend on the specific third-party adviser
selected.

SilverPeak may specifically direct clients to Breckinridge Capital Advisors, Inc., and Parametric
Portfolio Associates, LLC. The annual fee schedule is as follows:

Breckinridge Capital Advisors, Inc

                Total Assets          SilverPeak’s Fee Breckinridge’s Fee Total Fee
                $500,000 - $1,000,000      1.00%             0.19%         1.19%
           $1,000,001 - $5,000,000         0.75%             0.19%         0.94%
         $5,000,001 - $1,000,000,000       0.50%             0.19%         0.69%

Parametric Portfolio Associates, LLC

                  Total Assets         SilverPeak’s Fee Parametric’s Fee Total Fee
              $250,000 - $ 1,000,000        1.00%           0.35%         1.35%
             $1,000,001 - $5,000,000        0.75%           0.35%         1.10%
            $5,000,001 - $10,000,000        0.50%           0.35%         0.85%
          $10,000,001 - $1,000,000,000      0.50%           0.25%         0.75%

Additional Billing Information

Billing on Cash Positions: The firm treats cash and cash equivalents as an asset class. Accordingly,
unless otherwise agreed in writing, all cash and cash equivalent positions (e.g., money market
funds, etc.) are included as part of assets under management for purposes of calculating the firm’s
advisory fee. At any specific point in time, depending upon perceived or anticipated market
conditions/events (there being no guarantee that such anticipated market conditions/events will
occur), the firm may maintain cash and/or cash equivalent positions for defensive, liquidity, or
...

Item 7: Types of Clients

SilverPeak offers advisory services to the following types of clients:
    Individuals
    High-Net-Worth Individuals

There is an account minimum of $1,000,000, which may be waived by SilverPeak in its discretion.