Item 5 – Fees and Compensation
A. Fees for Advisory Services
Investment Management
Vericrest provides clients with ongoing investment management services on a fee-only basis. The fee is payable
quarterly in advance and is based on the account value on the last trading day of the previous calendar quarter. The
first quarterly fee payment is due upon execution of the Investment Advisory Agreement and will be assessed pro-
rata in the event the agreement is executed at any time other than the first business day of a calendar quarter. The
pro-rata calculation will begin on the first day of the calendar month that follows the execution of the Investment
Advisory Agreement (for example, if the Investment Advisory Agreement is executed in January, pro-rata billing will
begin February 1st). Lower fees may be negotiated at Vericrest’s sole discretion. If an account is removed from
Vericrest’s management during the quarter, fees will be prorated to the termination date and any unearned fees will
be refunded to the client. Clients will receive Vericrest’s Form ADV Brochure documents at least 48 hours prior to
signing the Investment Advisory Agreement. If the client does not receive these documents at least 48 hours prior to
signing the agreement, they have five business days to cancel the agreement, without penalty.
Vericrest Private Wealth, LLC Form ADV Part 2
The annual management fee schedule is set forth below:
Value of Client Account Annual Fee
$1,000,000 - $3,000,000 1.25%
$3,000,001 - $7,000,000 1.00%
Value above $7,000,000 0.85%
A minimum of $1,000,000 of assets is necessary to establish a relationship with Vericrest. Exceptions can be made in
the discretion of Vericrest. An exception may result in a higher annual fee.
Financial Planning and Consulting Services – Vericrest generally offers financial planning as part of the Investment
Management Service. In some cases, Vericrest will charge a stand-alone fixed fee for these services. Financial
planning and consulting fees are negotiable but are generally $300 per hour.
B. Fee Billing
Investment advisory fees are billed quarterly in advance. As approved in writing by the client, Vericrest will request
the custodian to deduct the fee directly from the client’s account. Each billing will be for one-quarter of the annual
fee. For accounts opened after the beginning of a new quarter, fees will be prorated. As part of this process, the
client should understand and acknowledge the following:
• The independent custodian does not calculate the fee but sends statements monthly to the client
showing all disbursements from the account, including the amount of advisory fees paid to Vericrest.
• The client provides authorization permitting Vericrest to be directly paid by these terms.
C. Other Fees and Expenses Clients May Pay
Clients may incur certain fees or charges imposed by third-parties other than Vericrest in connection with
investments made by Vericrest on behalf of clients. These fees and charges are separate and distinct from the fees
paid to Vericrest and may include, but not be limited to: exchange-traded fund (ETF) fees, fund fees, deferred sales
charges on previously purchased mutual funds transferred into the account, interest charged on margin borrowing,
“spreads” imposed by brokers and dealers representing implicit transactions costs and wire transfer/electronic fund
transfer fees. Vericrest is not responsible for and does not receive any portion of these fees or charges.
D. Advance Fees
Investment management fees are billed quarterly in advance. If an account is removed from Vericrest’s management
during the quarter, fees will be prorated to the termination date and any unearned fees will be refunded to the
client.
Vericrest Private Wealth, LLC Form ADV Part 2
E. Compensation for Sale of Securities by Supervised Persons
Vericrest is a “fee only” investment adviser and does not sell securities for a commission. Additionally, Vericrest does
not accept commissions for any investment products the firm recommends.