Item 5 – Fees and Compensation
Fee Schedule
Our fee schedule is attached as Schedule A to our Advisory Agreement with each client, and our
fee schedules are also attached to this Brochure as Appendix 1. Fees are charged quarterly in
arrears. Our minimum account size is ordinarily $300,000.00. Our fees and account minimums are
negotiable.
Our advisory service fees are based on Assets Under Advisement. For purposes of account
billing, we define Assets Under Advisement to be the lesser of a) the total amount of client funds
invested pursuant to our advice or b) the total Net Asset Value of the real estate assets on which
we advise the client. The net asset value (“NAV”) upon which our fees will be
Realized Financial | 500 W. 13th Street, Austin, TX 78701 | www.realizedfinancial.com
ADV Part 2a 2025.8.29
calculated, begin in year two. The NAV will be calculated and audited quarterly by a big 4
accounting Firm ongoing.
Annual fees established pursuant to the Firm’s advisory agreement may not be changed without
an amendment to the advisory agreement and client’s signature.
The investments we advise on are generally illiquid but may be able to be liquidated on a
secondary market, under some limited circumstances. Clients should be aware that secondary
markets are negotiated markets and offers to purchase client investments may be at a discount
to the original purchase price and/or estimates of fair market value as provided by third parties.
Clients should review the private placement memorandum or offering document(s) for each
investment to understand the liquidity features of each. In the event the investment allows liquidity
events, advisory fees will be due until the client’s investment is sold. As fees are assessed in
arrears, there should never be unearned fees and thus no fees will be refunded. Fees will be billed
as of the date of liquidation and are due immediately upon receipt of the invoice.
A financial planning fee may be charged in lieu of ongoing advisory fees.
Payment of Fees
Clients may elect to be billed for fees or to authorize Realized Financial to directly debit fees from
designated accounts. Except as otherwise agreed, fees are payable quarterly in arrears based
on the Assets Under Advisement at the end of the preceding calendar quarter. Accounts initiated
or terminated during a calendar quarter will be charged a prorated fee. Upon termination of any
account or investment, all fees will be prorated to the date of termination and will be due
immediately.
Third-party Fees
For each investment, a client makes fees will also be charged by the sponsor of that investment,
the details of which will be disclosed in the offering documents for each investment. The client
should thoroughly review the offering documents before investing. All these fees are in addition
to the advisory fee you pay us. Services similar to those offered by us may be available elsewhere
for more or less than the amounts we charge.
Other Compensation
Realized Financial IARs may receive brokerage compensation from the sale of investment
products, including DSTs, QOZs, UPREITS, and REITs in non-advisory accounts. The Firm will
never receive brokerage compensation from advisory transactions.
While the Firm and its IARs will place the best interest of clients first in a manner consistent with
our fiduciary duty, the possibility of receiving additional compensation creates a conflict of interest
and may affect our judgment when making recommendations. The Firm requires that all IARs
disclose this conflict of interest when such recommendations are made. IARs are also required to
disclose that clients may purchase recommended securities from other registered representatives
not affiliated with us. Realized Financial may receive marketing reallowance by the Sponsor for
offering expenses.
Realized Financial | 500 W. 13th Street, Austin, TX 78701 | www.realizedfinancial.com
ADV Part 2a 2025.8.29
Prepayment of Fees
The Firm does not require or solicit prepayment or advance payment of fees from any client. The
Firm may charge an upfront financial planning fee in lieu of ongoing advisory fees.
Item 6 – Performance-Based Fee and Side by Side Management
The Firm does not charge performance-based fees.
Item 7 – Types of Client(s)
Realized Financials’ advisory clients must be Accredited Investors as defined under Rule 501 of
Regulation D.
An Accredited Investor, in the context of a natural person, generally includes anyone who:
• earned income that exceeded $200,000 (or $300,000 together with a spouse or spousal
equivalent) in each of the prior two years, and reasonably expects the same for the current
year, OR
• has a net worth over $1 million, either alone or together with a spouse or spousal
equivalent (excluding the value of the person’s primary residence).
Other persons or entities may also qualify as Accredited Investors are as follows:
• natural persons who have obtained certain professional designations, credentials or other
credentials issued by an accredited educational institution, or
• holders in good standing of the Series 7, Series 65, and Series 82 licenses, or
• Limited liability companies with $5million in assets and SEC or State registered investment
advisers, exempt reporting advisers, and rural business investment companies (RBIC’s),
or
• Indian tribes, governmental bodies, funds, and entities organized under the laws of foreign
countries that own “investments”, as defined in Rule 2a51-1(b) under the Investment
Company Act, in excess of $5 million sand that was not formed for the specific purpose of
investing in the securities offered, or
• Family Offices with at least $5 million in assets under management and their “family
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