Stage Harbor Financial LLC

Item 5. Fees and Compensation
The following paragraphs detail the fee structure and compensation methodology for services provided by the
Advisor. Each Client engaging the Advisor for services described herein shall generally be required to enter into a
written agreement with the Advisor.

Wealth Management Fees
Stage Harbor offers wealth management services for an annual fee based on the amount of assets under
management. The wealth management fee varies in accordance with the following blended fee schedule:

                                PORTFOLIO VALUE                    MAXIMUM FEE
                                    First $1,000,000                      0.90%
                                    Next $2,000,000                       0.70%
                                    Next $2,000,000                       0.50%
                                    Next $5,000,000                       0.40%
                                   Above $10,000,000                      0.35%
The annual fee is prorated and charged quarterly, at the end of each calendar quarter, based upon the market value
of the average daily account balance during the prior calendar quarter. The Advisor may charge an additional fixed
fee for the financial planning and consulting fees where those needs are in excess of the asset-based fee.

Additionally, for wealth management services the Advisor provides with respect to certain Client holdings (e.g.,
held-away assets, accommodation accounts, alternative investments, etc.), Stage Harbor may negotiate a fee rate
that differs from the fee schedule set forth above.

Since the asset-based fee is determined by average daily account balance, if assets are deposited into or withdrawn
from an account after the inception of a quarter, the base fee payable with respect to such assets is adjusted
accordingly. For the initial period of an engagement, the fee is calculated on a pro rata basis.

Clients can make additions to and withdrawals from their account at any time, subject to Stage Harbor’s right to
terminate an account. Additions can be in cash or securities provided that the Advisor reserves the right to liquidate
any transferred securities or declines to accept particular securities into a Client’s account. Clients can withdraw
account assets on notice to Stage Harbor, subject to the usual and customary securities settlement procedures.
However, the Advisor designs its portfolios as long-term investments and the withdrawal of assets may impair the
achievement of a Client’s investment objectives. Stage Harbor may consult with its Clients about the options and
implications of transferring securities. Clients are advised that when transferred securities are liquidated, they may
be subject to transaction fees, short-term redemption fees, fees assessed at the mutual fund level (e.g., contingent
deferred sales charges) and/or tax ramifications.

The Advisor’s fee is exclusive of, and in addition to any applicable securities transaction and custody fees, and
other related costs and expenses described in Item 5 below, which may be incurred by the Client. However, the
Advisor shall not receive any portion of these commissions, fees, and costs.

Disclosure Brochure                                                    Stage Harbor Financial, LLC

Wealth management fees are 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]. 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 to be deducted by Stage Harbor directly from their
account[s] held by the Custodian as part of the wealth management agreement and separate account forms provided
by the Custodian. Alternatively, Stage Harbor may, in its sole discretion, accept a Client’s request to send a separate
invoice for direct payment, in which case the Advisor may bill in advance based upon the value of the assets under
management on the last day of the previous quarter. All securities held in accounts managed by Stage Harbor will
be independently valued by the Custodian. The Advisor will conduct periodic reviews of the Custodian’s valuation
to ensure accurate billing.

Stage Harbor is compensated for its services at the end of the quarter in which wealth management services are
rendered. Either party may terminate the wealth management agreement, at any time, by providing advance written
notice to the other party. The Client may also terminate the investment advisory agreement within five (5) business
days of signing the Advisor’s agreement at no cost to the Client. After the five-day period, the Client will incur
charges for bona fide advisory services rendered to the point of termination and such fees will be due and payable
by the Client. The Client’s wealth management agreement with the Advisor is non-transferable without the Client’s
prior consent.

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.

For Client accounts implemented through an Independent Manager, the Advisor and the Independent Manager will
each assume the responsibility for calculating and deducting their respective fees from the Client’s account[s].

In the event that the Advisor has determined that an Independent Manager is no longer in the Client’s best interest,
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Item 7. Types of Clients
Stage Harbor offers investment advisory services to individuals, high net worth individuals, trusts, estates,
businesses and retirement plans. Stage Harbor generally does not impose a minimum relationship size; however,
certain Independent Managers may impose an account minimum or minimum fee.