Wedgewood Partners Inc

Fees and Compensation
Description
Generally, WPI is compensated through AUM-based fees. WPI’s standard fee schedule across all
programs is as follows:

Assets under management          Maximum Annual Fee (%)

First $1,000,000                                         1.50%

Next $1,500,000                                          1.25%

Next $2,500,000                                          1.00%

Any amount over $5,000,000                               0.75%

In certain circumstances, WPI’s fees and account minimums may be negotiable.

Advisory fees may vary among WPI’s clients based upon a number of factors, including:

    • the size of the client’s account

    •   the types and nature of related services provided

    •   the length of the advisory relationship with a client

WPI may group certain related client accounts for the purposes of achieving the minimum account
size and determining the annualized fee.

Fee Billing
Various clients will be invoiced for each calendar quarter based upon the value (market value or fair
market value in the absence of market value) of the client's account at the end of the previous
quarter. The first payment is due upon execution of a service agreement and will be assessed pro
rata in the event services do not begin at the start of a calendar quarter. Upon termination of any
account, any prepaid, unearned fees will be promptly refunded, and any earned, unpaid fees will be
due and payable.

Other Fees
Clients may be charged fees in addition to the advisory fee paid WPI. This can include brokerage
commissions and other custodian fees. Please refer to the section entitled Brokerage Practices for
more information.

Types of Clients
Description
Generally, WPI manages separate accounts for individuals, high-net worth individuals (HNW),
institutions, and investment companies.
We manage the majority of our individual and HNW clients through relationships with third-party
wealth managers and investment management consultants. Typically, WPI has a few main points of
contact with these managers and consultants, often in the research and due-diligence departments,
but otherwise does not directly speak to these clients. In any case, WPI requires that all clients pass a

suitability screen before we accept portfolio management responsibilities.
Institutional accounts include pensions, endowments, defined contribution and ERISA-based
clients.
WPI will also provide portfolio management services as a sub-adviser to investment companies
(registered under the Investment Company Act of 1940) such as mutual funds. WPI will typically
manage some or all the assets of a fund on a discretionary basis in accordance with the fund’s
investment objectives, policies, and restrictions and subject to the supervision and control of the
Fund Manager.
Account Minimums
We require clients that do not have an affiliation to a third-party that WPI has a relationship with, to
have a minimum of $1,000,000 AUM. Otherwise, account minimums are negotiable and range from
$100,000.

Methods of Analysis, Investment Strategies and Risk of Loss