Item 5 – Fees and Compensation
GLOBALT generally receives a fee from accounts based upon a percentage of assets under management,
calculated according to a schedule agreed upon between GLOBALT and the client. The standard fee
schedules and minimum account sizes for our strategies described in more detail in Items 4 and 8 are
negotiable on a case-by-case basis and as a result, clients with similar assets may have differing fee
schedules and pay different fees. You may request that related or household accounts be combined in
order to meet fee break points and reduce the advisory fee charged. We reserve the right to discount or
waive the advisory fee for certain accounts such as employee accounts, family member accounts, and
personal accounts of affiliated persons. Therefore, fee schedules may vary by client, investment type,
account size, specific circumstance, sponsor and/or platform. Fixed fees, not dependent upon a
percentage of assets under management or account size, may also be indicated via client agreement.
Clients who negotiate a flat fee schedule may or may not pay a higher fee than those who pay under a
tiered schedule, depending on asset levels. The applicable terms and conditions, as it relates to a
particular client, are detailed in the client’s investment management agreement or correspondence. Fees
are typically calculated quarterly based on the market value of the account and may be payable in
advance or in arrears. For some accounts, the fees may be calculated based upon an average daily
account balance for the period.
The advisory fee covers only the investment management and advisory services provided by GLOBALT.
This fee generally does not include brokerage commissions, transaction fees, mark-ups and mark-
downs, odd lot differentials, exchange fees, SEC fees, dealer spreads or other costs associated with the
purchase and sale of securities, deferred sales charges, advisory fees charged by other advisors or
managers, custodian fees, transfer fees, wire and electronic fund fees, interest, taxes, or other account
expenses. All fees paid to GLOBALT for investment management and advisory services are separate and
distinct from the fees and expenses, including internal management fees, charged by mutual funds or
exchange traded funds (ETFs) in conjunction with their internal expenses. An expense ratio is a
measurement of what it costs to operate a mutual fund or ETF. Operating expenses, which include the
management fee, are taken out of a fund’s assets and lower the return to a fund’s investors. These
charges are in addition to GLOBALT’s advisory fee and we do not receive any portion of these charges.
This is called layering of fees. For example, layering of fees for a single ETF position of $10,000 could
include the annual GLOBALT fee of .45%, plus a typical ETF expense of 0.15%. The total cost for the one
ETF position annually would be $60, or .60%. The client will be solely responsible, directly or indirectly,
for these additional expenses. Refer to Item 12 for a detailed discussion of brokerage practices. Neither
GLOBALT Investments, a separately identifiable division of Synovus Trust Company N.A.
Disclosure Brochure – March 30, 2023
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GLOBALT nor any of its supervised persons accept compensation from commissions or mutual fund
trails for the purchase or sale of securities, including asset-based sales charges or service fees from the
sale of mutual funds or ETFs.
Supervised employees typically receive a salary from GLOBALT, with potential for discretionary
compensation based upon several factors that may include overall company profitability (growth in
assets, profitability/net income, and client retention), departmental performance and individual goals.
Measures and incentive opportunity are determined by GLOBALT management. GLOBALT recognized
the potential conflict of interest inherent in compensation associated with assets under management
and performance criteria and manages this risk through a management review process. GLOBALT also
employs a sales team consisting of external and internal sales directors or wholesalers to support and
enhance distribution of GLOBALT’s investment strategies through external channels, including SMA,
wrap fee programs and model portfolio provider platforms with which we work. These team members
receive various forms of compensation, including a percentage of revenue received from new or existing
accounts or relationships. Program fees vary by product type creating an incentive for the sales team
and/or wholesalers to recommend programs to sponsoring firms based on the compensation received.
As a mitigating factor, the sponsoring firm and their other financial advisors perform a suitability review
and work with the client to determine whether the client should invest with GLOBALT, and the
investment strategy, in which to invest.
Investment Advisers that directly debit advisory fees from a client’s custodial account are deemed to
have custody. GLOBALT may debit the advisory fees from the client’s custodial account at the client’s
direction and would therefore be deemed to have custody. Clients receive statements directly from their
custodian, usually monthly, but no less than quarterly. GLOBALT urges clients to review their
statements for accuracy and compare them to any reports received directly from GLOBALT. Please refer
to Item 15 of this document for additional disclosures relating to Custody.
An Investment Advisory Agreement may be terminated at any time, by either party, without penalty, for
any reason upon receipt of 30 days written notice, unless stated otherwise in the Agreement, and in
accordance with the terms and conditions stated therein. Any such termination will not affect party’s
status, obligations or liabilities. If an account is terminated, the client will receive a refund of any prepaid
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