The August Group Capital Limited

ITEM 5: FEES AND COMPENSATION

A. Compensation for Advisory Services

The specific advisory fees charged by August will be documented in each client’s written
advisory agreement.

August Group
Form ADV Part 2A                                                                            July 2026

August Family Office
As the August Family Office service extends beyond investment management to provide a full
suite of services intended to help clients manage numerous aspects of their wealth and their
lives, fees for the Family Office service are charged on net worth.

For clients receiving our Family Office service, we will charge a fee based on a percentage equal
to an annual rate of 0.85% of net worth, which may be adjusted based on complexity. Net
worth is defined as being the value of assets less the value of liabilities, subject to certain
exclusions that may be captured in clients’ investment management agreement. For this
purpose, assets may include assets held directly or indirectly, assets managed by third-party
portfolio managers or invested in funds, assets that August manages directly, and cash and cash
equivalents, among other assets. Liabilities may include mortgage debt, lines of credit, and
other debt we determine from time to time at our discretion.

August Capital Allocation
For clients receiving our Capital Allocation service, the fee schedule is based on the value of
investments overseen by August – that is, “assets under management” – including funds
managed by third-party portfolio managers and invested in funds, as well as funds invested in
alternative investments and private equity investments. The annual fee ranges from 1.00% of
assets under management up to $5 million, to 0.40% of assets under management over $200
million. The annual fee differs based on the quantum of assets under management and is
calculated on a marginal basis.

Adjusted Fee Approaches

As is set out above, August uses standardized fee approaches for its Family Office and Capital
Allocation service offerings.
From time to time, clients may negotiate adjusted fee approaches that differ from August’s
standardized fee approaches. Whether a client may have an adjusted fee approach depends on
a number of factors, including:
   •   ongoing recognition of legacy fee structures that August no longer uses;
   •   clients having specific assets or liabilities (for Family Office clients) where there is a
       reasonable rationale for the exclusion of such assets or liabilities in the calculation of
       net worth (e.g. August provides no advice or Family Office services in relation to such
       assets or liabilities);
   •    clients being on a fixed fee to reflect that they are receiving limited services from us;
   •   clients requesting a trial period, following which they will revert to August’s
       standardized fee approaches (if they agree to continue with August after the trial
       period); or
   •    clients needing some, but not all, of the services August offers.

August Group
Form ADV Part 2A                                                                          July 2026

Any adjustments to August’s standardized fee approaches are reviewed and approved by
August’s management and compliance team. Fee negotiations are at the sole discretion of
August.

B. Billing Method

Fees are usually deducted from a designated client account or accounts to facilitate billing. The
client must consent in advance to direct debiting of their account. Payment by check is also
acceptable.

By signing August’s advisory agreement, and the selected custodian’s account opening
documents, you will be authorizing the withdrawal of August’s advisory fees from your account.
The withdrawal of these fees will be performed by the selected custodian or through a
qualified, unaffiliated third-party processor. This custodian or processor will remit these
advisory fees directly to our firm. You are encouraged to verify the accuracy of fee calculations
and compare the statements provided to you by August with the statements from the
custodian(s). The custodian does not verify the accuracy of the advisory fees charged to you.

C. Other Fees and Expenses

In addition to the service fees paid to August, clients will also incur certain charges imposed by
other third parties, such as broker-dealers, third-party portfolio managers, custodians, trust
companies, banks and other financial institutions. These additional charges will include
securities brokerage commissions, transaction fees, custodial fees, management and
performance fees charged by investment advisors selected by August, margin costs, charges
imposed directly by a mutual fund or ETF in a client's account, as disclosed in the fund's
prospectus (e.g., fund management fees and other fund expenses), deferred sales charges, odd-
lot differentials, transfer taxes, wire transfer and electronic fund fees, and other fees and taxes
on brokerage accounts and securities transactions.

It is important to note that if a client retains a third-party portfolio manager to be overseen by
August, the client will pay them fees in accordance with the agreement that you enter into with
them, which will be in addition to any fees you pay to August. August recommends third-party
portfolio managers or custodians based on a number of factors, including August’s knowledge
and experience, August’s prior experience with the third-party portfolio manager or custodian,
and fee discounts or other offerings that August may have secured from the third-party
portfolio manager or custodian for its clients.

Thus, it is important for clients to understand that they may be directly and indirectly paying
two – or possibly three - levels of advisory fees: one layer of fees and expenses at the fund or
independent manager level, one layer of advisory fees to a third-party portfolio manager (if
applicable) and one layer of advisory fees to August. It may be possible to purchase such

August Group
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ITEM 7: TYPES OF CLIENTS

August provides advisory services primarily to individuals and high net worth individuals, as well
as to families, trusts, estates, and other business entities.