Square Advisors LLC

Item	5.	Fees	and	Compensation
    A. Fees	and	Compensation
    Management	Fee
    Our fees for providing investment advisory services are based on a percentage of assets
    under management. Fees for Discretionary Mandates will range from 0.30% to 1.50%,
    and fees for Advisory Mandates will range from 0.15% to 1.00%. Fees will be determined
    based on complexity, size and other factors related to the portfolio and particular client.
    Fees are negotiable, at our discretion, on a case-by-case basis.
    In addition, as noted above, we are acting as a subadvisor for the Affiliate regarding certain
    of their clients. We receive an annual management fee which ranges from 0.15% to 0.60%
    for such services.
    Because there is a differential in fee structure among Discretionary Mandates, Advisory
    Mandates and sub-advised accounts, a conflict exists in that we could be incentivized to
    direct investments to the higher fee-paying clients. We address this conflict by dedicating
    the appropriate amount of required attention to each client, and by analyzing the suitability
    of an investment for clients without any regard whatsoever to whether we earn additional
    compensation for the transaction by directing it to a particular client as opposed to another
    client.
    Method	of	Payment
    For our real estate clients, we collect our management fees, quarterly in advance. For all
    other clients, one fourth of the annual management fee is paid quarterly in arrears. Fees are
    calculated as set forth in each client advisory agreement. Normally, the fee is based upon
    the average of the month-end balances for the applicable quarter. Fees are invoiced to
    clients.
    Real	Estate	Investment	Fee
    Asset Management Fee - The Firm will charge an annual fee for monitoring and managing
    real estate investments. The fee will be determined based on the particular information
    regarding the investment. Such fees are fixed fees as per the investment management
    agreements with the Real Estate Funds. To the extent that client assets are invested in the
    Real Estate Funds, no management fee (as referenced above) is charged to those clients.
    Performance	Fees	and	Allocations
    The Firm, or an affiliate of the Firm or its Managing Member, charges a performance fee or
    performance allocation based on certain agreed upon performance metrics for the Real
    Estate Funds. Information regarding such fees, including the payment terms, is outlined in
    the investment management agreements executed with those Funds.
    Other	Fees	and	Expenses
    Fees Charged to Clients in Addition to the Fees Listed Above:
    1. Brokerage Commissions and Other Transaction and Third-Party Fees: Clients will pay
       all brokerage commissions, custodial fees and service charges, stock transfer fees and

Square	Advisors,	LLC	                                                                           Date:	March	2026

          other similar charges incurred in connection with transactions for the client’s account.
          In addition, the client is subject to:
               a. Wire transfer and electronic fund fees;
               b. Fees for odd-lot differentials;
               c. Retirement plan fees, as applicable;
               d. Other fees and taxes related to brokerage accounts; and
               e. Other charges as required by law.
          These charges will generally be paid out of the client’s assets held with the custodian,
          and are in addition to the investment advisory fee paid to us1.
          For investments in mutual funds and exchange-traded funds, clients will incur
          additional charges imposed by third parties, including, but not limited to, the
          following:
               a. Mutual fund sales fees and sub transfer fees;
               b. Internal management fees and administrative expenses for mutual funds and
                  exchange traded funds that are disclosed in the fund prospectus; and
               c. Mutual fund transaction fees and mutual fund short term redemption fees, if
                  applicable.
    2. Fund Investments: Clients invested in pooled investment vehicles ("Investment
       Funds") can expect to be charged management fees, performance fees and certain
       administrative expenses by the third-party Investment Fund manager. All of these
       fees are in addition to the fees disclosed above. Fund management fees charged by
       third party Investment Fund managers generally range from 1% to 3% annually.
       Depending on the terms of each Investment Fund, performance fees typically range
       from 10% to 30% of the annual net profits, subject to certain limitations. All fees and
       administrative expenses are disclosed in the offering documents that clients receive
       for each Investment Fund. In addition, each Investment Fund requires clients to meet
       specific qualifications in order to invest.
    B. Prepayment	of	Fees
    We collect fees quarterly in advance for our real estate clients. All other clients are charged
    quarterly fees in arrears.
    C. Other	Compensation
    We and our supervised persons do not accept any compensation for the sale of securities or
    other investment products.

    1   See Item 12 Brokerage Practices for more information on the purchase and sale of securities.

Square	Advisors,	LLC	                                                             Date:	March	2026

Item	7.	Types	of	Clients
    We provide investment advisory services to ultra-high net worth and high net worth
    individuals, as well as institutions. In addition, we provide investment advice to the Real
    Estate Funds. Our normal minimum account size for separate accounts is $5,000,000. At the
    discretion of our Managing Member, the minimum account size may be waived.

Square	Advisors,	LLC	                                                                           Date:	March	2026