Veritable LP

Item 5. Fees and Compensation
Veritable receives compensation for the investment advisory services it provides to its clients in
the form of fees calculated by either a percentage of AUM or, in the alternative, a fixed fee.
Veritable is also compensated for the portfolio and investment management services that it
provides to the Affiliated Funds (see Affiliated Funds fee schedule below) by either
Comprehensive Fees and/or Management Fees paid by the Affiliated Funds. Veritable’s fee
schedule has been revised at times in the past. Fee breakpoints and the methodology described
below reflect Veritable’s current fee policy.

Investment Consultant Fee

        Veritable is compensated for providing investment supervisory services to its advisory
clients with respect to their AUM in accordance with the Basic Fee Schedule (the “Basic Fee
Schedule”) and other provisions as agreed to in each client’s ICA. Veritable’s Basic Fee Schedule
for new clients will be the greater of $75,000 per year, or:
                  45 Basis Points (0.45%) per annum on the first $50 million of AUM
                  35 Basis Points (0.35%) per annum on the next $150 million of AUM
                  25 Basis Points (0.25%) per annum on the next $300 million of AUM
                  15 Basis Points (0.15%) per annum on amounts over $500 million of AUM

March 31, 2023                                                                                  Page 7

Veritable, L.P.                                                                            Firm Brochure

Affiliated Funds’ Comprehensive Fees or Management Fees

         Under the terms of an IMA, each Affiliated Fund is an advisory client of Veritable. Certain
Affiliated Funds pay Veritable a fee (either a “Comprehensive Fee” or “Management Fee,”
depending upon the Affiliated Fund) pursuant to the terms of the limited partnership agreement
for each Affiliated Fund. The specific nature, rate, method of calculation and manner of payment
of the Comprehensive Fee or Management Fee for investors is fully disclosed in the offering
documents of each Affiliated Fund (the “Offering Documents”). Comprehensive Fees or
Management Fees cover services provided by Veritable to Affiliated Funds including portfolio
management, investment management and administrative services and may be waived, rebated, or
reduced in some instances. The fees pertaining to Affiliated Funds are described in the Schedule
of Affiliated Funds’ Comprehensive and Management Fees below. “Class A” refers to advisory
clients. “Class B” refers to LP Only Investors.

        Comprehensive Fees and Management Fees paid by advisory clients as investors in the
Affiliated Funds are in addition to the Investment Consulting Fees; therefore, advisory clients may
be subject to duplicate portfolio and investment management fees when all or part of the advisory
client’s AUM are invested in Affiliated Funds. However, to the extent an advisory client is subject
to the Investment Consulting Fee outlined in his/her ICA and is also an investor in one or more of
Veritable’s Affiliated Funds, Veritable will reimburse the client for any Comprehensive Fees or
Management Fees paid by the advisory client as an investor in the Affiliated Funds. Note: certain
existing advisory clients (i.e., earlier, long-term relationships) that are subject to a different fee
schedule than the Basic Fee Schedule set forth above may not receive reimbursements.

       LP Only Investors are not separate advisory clients of Veritable and do not pay Investment
Consulting Fees. Therefore, Comprehensive Fees and Management Fees paid by LP Only
Investors as investors in the Affiliated Funds are not duplicative of other fees paid to Veritable.

          Schedule of Affiliated Funds’ Comprehensive and Management Fees

                          Fund                                                Fees

                                                            • Class A Limited Partner is subject to
                                                              a Comprehensive Fee paid quarterly
                                                              at an annual rate of 0.35% of a Class
          Pleiades Investment Partners, L.P.                  A Limited Partner’s capital; or
          The Vittoria Fund, L.P.
                                                            • Class B Limited Partner is subject to
          Veritable Long Biased Domestic Fund, L.P.
                                                              a Comprehensive Fee paid quarterly
                                                              at an annual rate of 1.60% of a Class
                                                              B Limited Partner’s capital.

March 31, 2023                                                                                   Page 8

Veritable, L.P.                                                                             Firm Brochure

                            Fund                                              Fees

                                                            • Offshore investor is subject to a
                                                              Management Fee paid quarterly at
                                                              an annual rate of 1.25% of the net
                                                              assets of the fund; and
          The Pleiades Offshore Fund, Ltd.
                                                            • Each Offshore Fund itself, as a
          The Vittoria Offshore Fund, Ltd.                    Class A Limited Partner in its
                                                              respective onshore fund, is subject
                                                              to the Comprehensive Fee described
                                                              above for such fund.
...

Item 7. Types of Clients
Veritable contracts for its services primarily with high-net-worth families, including individual
family members and their family-related entities, such as trusts, estates, and private charitable
organizations. Veritable also advises corporations and business entities, pooled investment
vehicles, pension and profit-sharing plans and public non-profits. Although there is no set
minimum of AUM, Veritable advisory client accounts generally begin at $20 million or more of
AUM.

The minimum subscription in each of the Affiliated Funds is $1,000,000. Each minimum
subscription may be reduced, waived, or increased by the General Partner in its sole and absolute
discretion.