ITEM 5 - FEES AND COMPENSATION
Fee Schedule
Investment Management Services
WCF charges advisory fees for investment management services. WCF‘s advisory fees are charged based
on a percentage of the client’s total assets under management, per the following schedule:
Assets Under Management Annual Fee
From To
$0 $500,000 1.25%
$500,001 $5,000,000 0.85%
$5,000,001 $10,000,000 0.65%
$10,000,001 And over 0.35%
Our standard fee schedule is not negotiable; however, WCF reserves the right to make exceptions in
limited circumstances at our discretion. Some clients may have a historically different fee schedule. We
also manage some family and related accounts without charge.
WCF may recommend certain alternative investments. Generally, WCF is not responsible for attempting
to provide an estimate of fair value for these alternative investments and in many instances will rely on
the value reported by the general partner or other manager of the investment.
WCF receives a 1.00% annual advisory fee from each of Ozone, RE I, and RE II; and annual advisory fees
of 0.75% from RE III and 0.85% from RE IV. The fees charged to a Fund are further outlined in the Fund’s
offering documents. The portion of the client’s assets invested in a Fund are not billed as part of the
managed account for purposes of determining the investment management fee above.
Retainer Services and Consulting Services
WCF offers retainer services and consulting services for a mutually agreed upon flat fee. Annual fees are
based on the approximate amount of time and resources required to provide the services agreed to in
the retainer agreement and may be negotiable. WCF and the client will mutually define the scope of the
engagement prior to providing any services. The scope of the relationship and fees to be charged will be
clearly outlined in a Letter of Engagement between WCF and the client. No fees or billable activity will
be accrued prior to the execution of a Letter of Engagement.
Minimum Fee
Investment Management Services
WCF generally requires a minimum advisory fee of $7,500 per year, billed quarterly, to maintain an
advisory account. If the regular quarterly management fee calculated based on assets under
management is less than our minimum advisory fee, we will charge the client our minimum fee.
However, at our discretion, we may reduce or waive the minimum fee requirement for clients with
West Coast Financial, LLC Brochure 11 Revised March 20, 2025
smaller portfolios based upon certain criteria including anticipated future earning capacity, anticipated
future additional assets, account composition, related accounts, and pre-existing client relationships.
WCF generally aggregates client portfolios of family or business relationships with each other to meet
the minimum portfolio size.
Retainer Services
WCF generally requires a minimum retainer fee of $7,500 per year. However, we may make exceptions
at our discretion to charge a lower minimum annual retainer fee.
Billing Method
Investment Management Services
WCF’s advisory fees are payable quarterly in arrears based on the account market value on the last day
of the calendar quarter. For certain alternative investments, market values may be provided by the
security sponsor less frequently than quarterly, and WCF will generally use the most recent reported
value for purposes of calculating the advisory fee. The first payment is due after the first full quarter of
engagement. For new or terminating clients, we may make exceptions at our discretion for the fees
billed for partial quarters of engagement.
WCF may aggregate client accounts that have family or business relationships with each other for
purposes of calculating the advisory fees applicable to each client.
It is up to the client whether they wish to have the advisory fees withdrawn directly from their custodian
account or pay by check. With client authorization, WCF will instruct the custodian to automatically
withdraw WCF’s advisory fee from the client’s account held by an independent custodian. Typically, the
custodian withdraws advisory fees from the client’s account during the first month of each quarter
based on WCF’s instruction. All clients will receive brokerage statements from the custodian no less
frequently than quarterly. The custodian statement will show the deduction of the advisory fee for those
clients who authorize the advisory fees to be withdrawn directly from their custodian account.
WCF will send an invoice to all clients who choose not to have advisory fees withdrawn directly from
their custodian account. The invoice is payable upon receipt and will include the fee calculation and
amount due.
Retainer Services and Consulting Services
WCF’s fees for retainer services and consulting services are payable quarterly in arrears. The first
payment is due after the first full quarter of services.
Other Fees and Expenses
WCF’s fees do not include custodian fees. Clients pay all brokerage commissions, stock transfer fees,
and/or other similar charges incurred in connection with transactions in accounts from the assets in the
West Coast Financial, LLC Brochure 12 Revised March 20, 2025
account, which are in addition to the fees client pays to WCF. See Item 12 - Brokerage Practices below
for more information.
Any mutual fund shares held in a client’s account may be subject to deferred sales charges, 12b-1 fees,
and other fund-related expenses. The fund’s prospectus fully describes the fees and expenses. All fees
paid to WCF for investment management services are separate and distinct from the fees and expenses
charged by mutual funds. Mutual funds pay advisory fees to their managers, which are indirectly
charged to all holders of the mutual fund shares. Consequently, clients with mutual funds in their
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