Tate Wealth Management

Fees and Compensation - Item 5

  Fees for Pension Consulting Services for UK Pension Account Holders
  Our services are offered for negotiable fixed fee starting at $2,500. The exact fee payable by the client will be
  determined using a formula based on a combination of a fixed fee and percentage of pension asset. This fee will
  be clearly listed in the services agreement signed by the firm and the client. All fees are payable as invoiced. AB
  USA will not have access to client funds for payment of fees without the client’s written consent. AB USA or the
  client may terminate the services agreement in accordance with the terms of the agreement. If you have pre-
  paid advisory fees that we have not yet earned, you will receive a prorated refund of those fees.

  Portfolio Management Services Fees
  For portfolio management services, AB USA charges an annual fee of up to 1.00% of the client’s assets under
  management. Fees are payable monthly or quarterly in arrears and are based on the gross market value of the
  assets on the last business day of the billing period. Fees will be pro-rated for the first partial billing period. No
  increase in the annual fee percentage shall be effective without prior written notification to the client.

  Under certain circumstances, fees will vary from the stated fee schedule. AB USA, in its sole discretion, may waive
  its investment management fee or may charge a lesser fee based upon certain criteria (including but not limited
  to friends and family, firm personnel, historical relationship, type of assets, anticipated future additional assets,
  overall scope of services, dollar amounts of assets to be managed, related accounts, negotiations with clients,
  etc.). Because of these factors, similarly-situated clients may pay materially different fees, and the services to be
  provided by AB USA may be available from other investment advisers for similar or lower fees. Clients are advised
  to consult their services agreement with AB USA for specific details regarding their fee arrangement.

  Generally, the custodian holding the client’s account will deduct AB USA’s fees and any other custodial fees
  directly from a designated account to facilitate billing provided the client has given written authorization. The
  qualified custodian will send an account statement at least quarterly. This statement will detail all account activity.
  Fees may be deducted from a single designated client account to facilitate billing. In limited circumstances, at the
  sole discretion of AB USA, we may agree to invoice you directly for our advisory fee or we may negotiate other
  fee payment arrangements.

  You may terminate the portfolio management services agreement upon 30-days’ written notice to our firm. You
  will incur a pro rata charge for services rendered prior to the termination of the portfolio management agreement,
  which means you will incur advisory fees only in proportion to the number of days in the quarter for which you
  are a client. If you have pre-paid advisory fees that we have not yet earned, you will receive a prorated refund of
  those fees.

  Sub-Adviser Fees
  AB USA will either compensate the sub adviser directly by forwarding a portion of the portfolio management fee
  collected by the firm to the sub-adviser, or the sub-adviser will charge a separate fee that is in addition to the fee
  charged by AB USA. Advisory fees that you pay to sub-advisers are established and payable in accordance with

Alexander Beard (USA) Inc.
Form ADV Part 2A Brochure

  the Form ADV Brochure or equivalent disclosure document provided by each sub-adviser to whom you are
  referred. These fees may or may not be negotiable. Depending on the sub adviser, Clients may or may not be able
  to negotiate the fee payable to the sub adviser.

  You may be required to sign an agreement directly with the sub adviser(s). You may terminate your advisory
  relationship with the sub adviser(s) according to the terms of your agreement with the sub adviser(s). You should
  review each adviser’s brochure for specific information on how you may terminate your advisory relationship
  with the adviser and how you may receive a refund, if applicable. You should contact the sub adviser directly for
  questions regarding your advisory agreement with the sub adviser.

  General Consulting Services Fees
  Consulting services are offered for negotiable hourly rate of up to $400. The exact fee payable by the client will
  be clearly listed in the services agreement signed by the firm and the client. All fees are payable as invoiced. AB
  USA will not have access to client funds for payment of fees without the client’s written consent. AB USA or the
  client may terminate the Consulting Agreement in accordance with the terms of the Agreement. If you have pre-
  paid advisory fees that we have not yet earned, you will receive a prorated refund of those fees.

  Fees for Consulting Services for US Qualified Retirement Plans
  The fees and compensation charged by AB USA is negotiated independently with each Plan Sponsor in order to
  consider the varying, unique characteristics or requirements of each plan. Primary determinants of the negotiated
  fee may include but are not limited to the:

      •    Amount of plan assets,
      •    Number of employees / participants,
      •    Number of plan sponsor locations, and
      •    Special plan sponsor considerations or requirements.

  Delivery of compensation or fees to AB USA is dependent upon on the invoicing or fee assessment frequency
  (monthly, quarterly) and policies (“arrears” or “in advance”) of the Plan Provider/Platform utilized by the Plan
  Sponsor. The exact fee and fee payment method will be clearly listed in the pension consulting agreement signed
  by the client and the AB USA.

  We do not reasonably expect to receive any other compensation, direct or indirect, for the services we provide
...

Types of Clients - Item 7

  We offer investment advisory services to individuals, high net worth individuals, Pension and profit-sharing plan
  participants, corporations, or other business entities. The majority of our clients are United Kingdom (UK) citizens
  or former UK residents currently residing in the US who have existing UK based pension plans.

  Generally, we require a minimum of $100,000 to establish an advisory relationship. At our sole discretion, we may
  waive this requirement. This requirement can be met by combining two or more accounts owned by you or
  related family members.

                        Methods of Analysis, Investment Strategies and Risk of Loss - Item 8

  We may use one or more of the following methods of analysis and/or investment strategies when providing
  investment advice to you:

       • Fundamental Analysis – involves analyzing individual companies and their industry groups, such as a
         company’s financial statements, details regarding the company’s product line, the experience and
         expertise of the company’s management, and the outlook for the company’s industry. The resulting data
         is used to measure the true value of the company’s stock compared to the current market value. The
         primary risk of fundamental analysis is that information obtained may be incorrect and the analysis may
         not provide an accurate estimate of earnings, which may be the basis for a stock’s value. If securities
         prices adjust rapidly to new information, utilizing fundamental analysis may not result in favorable
         performance.

       • Technical Analysis – technical analysis is a technique that relies on the assumption that current market
         data (such as charts of price, volume, and open interest) can help predict future market trends, at least
         in the short term. It assumes that market psychology influences trading and can predict when stocks will
         rise or fall. Technical trading models are mathematically driven based upon historical data and trends of
         domestic and foreign market trading activity, including various industry and sector trading statistics
         within such markets. Technical trading models, through mathematical algorithms, attempt to identify
         when markets are likely to increase or decrease and identify appropriate entry and exit points. The
         primary risk of technical trading models is that historical trends and past performance cannot predict
         future trends, and there is no assurance that the mathematical algorithms employed are designed
         properly, updated with new data, and can accurately predict future market, industry, and sector
         performance.

       • Cyclical Analysis – cyclical analysis is similar to technical analysis in that it involves the analysis of market
         conditions at a macro (entire market/economy) or micro (company specific) level, rather than the overall
         fundamental analysis of the health of the particular company. The primary risks with cyclical analysis are
         similar to those of technical analysis.

Alexander Beard (USA) Inc.
Form ADV Part 2A Brochure

       • Charting Analysis – charting analysis involves the gathering and processing of price and volume pattern
         information for a particular security, sector, broad index, or commodity. This price and volume pattern
         information is analyzed. The resulting pattern and correlation data is used to detect departures from
         expected performance and diversification and predict future price movements and trends. The primary
         risk of charting analysis is that it may not accurately detect anomalies or predict future price movements.
         Current prices of securities may reflect all information known about the security and day-to-day changes
         in market prices of securities may follow random patterns and may not be predictable with any reliable
         degree of accuracy.

  We may use one or more of the following investment strategies when advising you on investments:

      •   Long Term Purchases – securities purchased with the expectation that the value of those securities will
          grow over a relatively long period of time, generally greater than one year. Using a long-term purchase
          strategy generally assumes the financial markets will go up in the long-term which may not be the case.
          There is also the risk that the segment of the market that you are invested in or perhaps just your
          particular investment will go down over time even if the overall financial markets advance. Purchasing
          investments long-term may create an opportunity cost - "locking-up" assets that may be better utilized
          in the short-term in other investments.

       • Short Term Purchases – securities purchased with the expectation that they will be sold within a relatively
         short period of time, generally less than one year, to take advantage of the securities' short-term price
         fluctuations. Using a short-term purchase strategy generally assumes that we can predict how financial
         markets will perform in the short-term which may be very difficult and will incur a disproportionately
         higher amount of transaction costs compared to long-term trading. There are many factors that can
         affect financial market performance in the short-term (such as short-term interest rate changes, cyclical
         earnings announcements, etc.) but may have a smaller impact over longer periods of times.

       • Trading – securities are sold within 30 days. The principal type of risk associated with trading is market
         risk. There can be no assurance that a specific investment will achieve its investment objectives and past
         performance should not be seen as a guide to future returns. The value of investments and the income
...