Vontobel Swiss Wealth Advisors AG

5 Fees and Compensation                                     portfolio value on the last day of February, January and
       ____________________________________________                December). The market value (i.e., the valuation of the
                                                                   assets in your account, in CHF) is provided by VSWA
       5.1 Fees                                                    affiliate Bank Vontobel AG, even in cases where the
       Clients receive at the opening of their account an          client’s Custodian is not Bank Vontobel AG, but rather
       advisory fee schedule. Fees of VSWA are calculated          Pershing Advisory Solutions LLC. Bank Vontobel AG
       on a quarterly basis in arrears in CHF as a percentage      will value client positions using automatic pricing feeds
       of the market value (in CHF) of the holdings held in        from independent data providers (such as Telekurs and
       custody with your Custodian (total assets including all     Bloomberg). At the end of each quarter, VSWA will
       securities, fiduciary deposits, metals, other assets and    calculate and request the respective Custodian to pay
       cash positions in your portfolio). The fee is based on      the pro-rata portion of the annual advisory fee to VSWA
       the average value of your assets as of the last day of      from your account.
       the prior three months (i.e., the fee charged in March

       Pricing scale:

       Discretionary Mandate

                   Tiers                Total Assets in CHF        Discretionary Mandate         Effective Annual Rate
                                         Cumulative Scale

                     1                       0 to 3 million                 0.90%
                     2                       3 to 5 million                 0.80%                  From 0.90 to 0.86%
                     3                      5 to 10 million                 0.70%                  From 0.86 to 0.78%
                     4                     10 to 20 million                 0.60%                  From 0.78 to 0.69%
                     5                     20 to 35 million                 0.50%                  From 0.69 to 0.61%
                     6                     35 to 50 million                 0.40%                  From 0.61 to 0.55%
                     7                     Over 50 million                  0.30%                     From 0.55%

       Tailored (Non-Discretionary) Mandate

                   Tiers                Total assets in CHF           Tailored Mandate           Effective Annual Rate
                                         Cumulative Scale
                     1                      0 to 3 million                  1.000%
                     2                      3 to 5 million                  0.900%                 From 1.00 to 0.96%
                     3                     5 to 10 million                  0.800%                 From 0.96 to 0.88%
                     4                    10 to 20 million                  0.700%                 From 0.88 to 0.79%
                     5                    20 to 35 million                  0.550%                 From 0.79 to 0.69%
                     6                    35 to 50 million                  0.450%                 From 0.69 to 0.62%
                     7                    Over 50 million                   0.325%                    From 0.62%

       These standard fee rates are negotiable and we
       reserve the right to negotiate fees on a client-by-client   The client will designate a “Base Currency” in the
       basis. VSWA has been granted authority by each client       Account Opening Application, which is the currency in
       to direct the client’s respective Custodian to pay          which investment performance is measured and the
       VSWA’s quarterly investment advisory fee. This fee is       currency in which the majority of the assets are
       based on a tiered (break-point) schedule. With break-       invested. The Base Currencies available are generally
       points, the fee (a percentage of assets) varies based       Swiss Franc (CHF), Euro (EUR) and US Dollar (USD).
       on asset level changes, as the assets in your account       Since the investment advisory fee is calculated in CHF,
       increase or decrease. As a result, your investment          if the Client’s Base Currency is not CHF but USD or
       advisory fee will change in the future should the assets    EUR, then the debiting of the investment advisory fee
       in your account increase (or decrease) and trigger the      to the USD or EUR account will result in a foreign-
       listed break points.                                        exchange transaction (CHF are bought against USD or
                                                                   EUR), on which the respective Custodian charges a
       If your account is terminated, then the investment          margin spread. To the extent that you have selected
       advisory fee will be calculated on a pro-rata basis,        Pershing Advisory Solutions LLC as your Custodian,
       including the day on which the termination enters into      your investment advisory fee will be calculated in CHF,
       effect but excluding any days thereafter.                   as described above, but be debited in USD, even if
       Forma ADV Part 2A, Appendix 1                                                                         March 25th, 2022

6/18                                                                                           Vontobel Swiss Wealth Advisors AG

       your Base Currency is CHF or EUR. See Item 8 “Risk           also that withdrawals from discretionary mandate
       of Loss” for a description of the difference between         accounts will tend to have a negative impact on your
...