Verita Strategic Wealth Partners LLC

Item 5 - Fees and Compensation

Generally, clients will pay Verita an annual percentage fee based on the value of the Managed Assets
in the client’s Portfolio. Clients will also bear underlying investment costs and, depending on the
investments and services selected, fees and expenses charged by other financial institutions and third parties,
such as sub-advisors, and fees and expenses of Access Vehicles including, as applicable, fund management
fees, performance-based incentive fees (“Incentive Fees”), and fund accounting and operations fees.
Detailed information about Verita’s compensation structure and other costs, fees and expenses a client may
incur is provided below.

Depending on circumstances, clients or investors pay us different types of fees, including:

        •        Investment Advisory fees
        •        Private Investment Management fees
        •        Performance‐based incentive fees (i.e., “carry”)
        •        Service fees

Each of these fee types and the circumstances to which they apply are described more fully below.

Investment Advisory Fees

Client investment advisory fee schedules are negotiated on a client‐by‐client basis and are determined based
upon a number of factors including, but not limited to, the amount and type of work involved, the services
offered, the size of the portfolios and the amount of our resources dedicated to providing the services.
Investment advisory fees based on assets under management are billed on a pro‐rata, annualized basis,
quarterly in arrears, based on the average daily balance of the client portfolio for the quarter. Clients pay an
annual fee of up to a maximum of 1.5% of assets under management. In some cases, the advisory fee
includes a minimum quarterly amount or fees for administration of investments that are not advised on by
us. In addition, some clients have flat fee structures that are not based on assets under management.

Clients may request a copy of a report from their client team, which details the investments for which the
firm is providing advisory services and on which we bill. Advisory fees may be modified by us with prior
notice to clients.

Our firm or a client may terminate our agreement at any time by providing a written thirty (30) day notice
to the other party. After notice of termination has been received, our firm will continue to charge its advisory
fees to a client up to and including the actual date of termination.

Private Investment Management Fees

Investors who do not have an advisory relationship with Verita generally pay a management fee of up to
1.5% annually of the aggregate value of their interest in the Vehicle. Any Vehicle management fee is waived
for clients who maintain an advisory relationship with our firm under which they are paying advisory fees
discussed above. The management fee is documented in each Vehicle’s constituent documents or in a side
letter agreement with the investor paying the management fee. Verita has the right to waive the management
fee for any client or investor in its discretion.

Item 7 - Types of Clients

Our firm has the following types of clients:
   • Family Offices,
   • High Net Worth Individuals (“HNW Individuals”),
   • Trusts, Estates or Charitable Organizations associated with HNW Individuals,
   • Retirement Accounts of HNW Individuals, and
   • Corporations, Limited Liability Companies and/or Other Business Types associated with HNW
        Individuals.