TCN Private Wealth Management 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 be required to enter into a written
agreement with the Advisor.

A. Fees for Advisory Services
Investment Management Services
Investment advisory fees are paid quarterly, in arrears of each calendar quarter, pursuant to the terms of the
investment advisory agreement. Investment advisory fees are based on the market value of assets under
management at the end of the calendar quarter. Investment advisory fees range up to 1.25% annually based on
several factors, including: the scope and complexity of the services to be provided; the level of assets to be
managed; and the overall relationship with the Advisor. Relationships with multiple objectives, specific reporting
requirements, portfolio restrictions and other complexities may be charged a higher fee.

The investment advisory fee in the first quarter of service is prorated from the inception date of the account[s] to the
end of the first quarter. Fees may be negotiable at the sole discretion of the Advisor. The Client’s fees will take into
consideration the aggregate assets under management with the Advisor. All securities held in accounts managed
by TCN Private Wealth Management will be independently valued by the Custodian. TCN Private Wealth
Management will not have the authority or responsibility to value portfolio securities.

Use of Independent Managers
As noted in Item 4, the Advisor will 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. Independent
Managers typically do not offer any fee discounts but may have a breakpoint schedule which will reduce the fee
with an increased level of assets placed under management with an Independent Manager. The terms of such fee
arrangements are included in the Independent Manager’s disclosure brochure and applicable contract[s] with the
Independent Manager.

B. Fee Billing
Investment Management Services
Investment advisory 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] at the respective quarter end date. The amount due is calculated by applying the
quarterly rate (annual rate divided by four (4)) to the total assets under management with TCN Private Wealth
Management at the end of each quarter. Clients will be provided with a statement, at least quarterly, from the
Custodian reflecting deduction of the investment advisory fee. Clients are urged to also review and compare the
statement provided by the Advisor to the brokerage statement from the Custodian, as the Custodian does not
perform a verification of fees. Clients provide written authorization permitting advisory fees to be deducted by TCN
Private Wealth Management to be paid directly from their account[s] held by the Custodian as part of the
investment advisory agreement and separate account forms provided by the Custodian.

Use of Independent Managers
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].

C. Other Fees and Expenses
Clients may incur certain fees or charges imposed by third parties in connection with investments made on behalf
of the Client’s account[s]. TCN Private Wealth Management includes securities transactions costs as part of its
overall investment advisory fee through the TCN Private Wealth Management Wrap Fee Program. Securities
transaction fees for Client-directed trades may be charged back to the Client. Please see Item 4.D. above as well
as Appendix 1 – Wrap Fee Program Brochure.

                                           TCN Private Wealth Management LLC
                                                    150 East 49th Street
                                                   New York, NY 10017
                                                  Phone: (917) 494-9304

In addition, all fees paid to TCN Private Wealth Management for investment advisory services are separate and
distinct from the expenses charged by mutual funds and ETFs to their shareholders, if applicable. These fees
and expenses are described in each fund’s prospectus. These fees and expenses will generally be used to pay
management fees for the funds, other fund expenses, account administration (e.g., custody, brokerage and
account reporting), and a possible distribution fee. A Client may be able to invest in these products directly,
without the services of TCN Private Wealth Management, but would not receive the services provided by TCN
Private Wealth Management which are designed, among other things, to assist the Client in determining which
products or services are most appropriate for each Client’s financial situation and objectives. Accordingly, the
Client should review both the fees charged by the fund[s] and the fees charged by TCN Private Wealth
Management to fully understand the total fees to be paid. Please refer to Item 12 – Brokerage Practices for
additional information.

D. Advance Payment of Fees and Termination
Investment Management Services
TCN Private Wealth Management may be compensated for its investment management services at the end of the
quarter after services are rendered. Either party may terminate the investment advisory agreement, at any time, by
providing advance written notice to the other party. The Client may also terminate the investment advisory
...

Item 7 – Types of Clients

TCN Private Wealth Management offers investment advisory services to high net worth individuals, trusts,
estates and businesses. The amount of each type of Client is available on TCN Private Wealth Management’s
Form ADV Part 1A. These amounts may change over time and are updated at least annually by the Advisor.
TCN Private Wealth Management generally does not impose a minimum relationship size.