White Lighthouse Investment Management SARL

Fees and Compensation

      We offer two engagement options, an investment management-based engagement option
and an hourly or project-based financial planning engagement.

Investment Management Based Engagement
      Clients pay both a fixed fee and a variable Assets Under Management (AUM) fee, paid
quarterly in arrears, with 5,000 CHF annual minimum that covers investment management
services. Fees are calculated based on assets under management per the following schedule:
                          Assets under Management            %
                          0 CHF – 500,000 CHF                Included in annual fee
            on the next    500,001 CHF to 2,000,000 CHF      1.0%
            on the next    2,000,001 CHF to 5,000,000 CHF 0.8%
            on the next    5,000,001 CHF and above           negotiable

      In addition to our fees, fees are charged by the custodian bank for securities trades. The
custodian may also charge fees for custody of assets, cash transfers, foreign exchange, stamp

tax, tax reports, holding of physical assets, administration, etc. A typical charge by a Swiss
custodian can range from 25 CHF to over 1000 CHF per trade. We strongly encourage clients to
use a low-cost bank. In all cases White Lighthouse Investment Management SARL never receives
payment back from the bank or any investment funds for trading or other fees (these are known
as retrocessions in trading that varies among funds); we do not receive any commissions from
trading or holding mutual funds for clients. There is also a fee in most mutual funds and exchange
traded funds ranging from less than .1% to over 2% during the year for fund expenses
(managers, advertising, report generation, etc.). White Lighthouse Investment SARL is a fee-only
firm and we only receive compensation from clients. Our investment management fees are
deducted quarterly in arrears (at the end of the quarter), directly from the client accounts.

      As additional safeguards to our clients, we send all invoiced amounts to the custodian,
electronically before they are posted to the client accounts. The custodian also provides monthly
reports and online real-time access to account activity. The client may also call or write to the
custodian at any time to terminate our ability to trade in and deduct fees from their accounts.
Clients must authorize the custodian to allow us to deduct their management fees. Please note,
as mentioned above that brokerage transactions may include fees other than those charged
directly by White Lighthouse Investment Management SARL.

Hourly or Project-Based Financial Planning Consultations
      Clients may engage us on an hourly or a project-based fixed fee basis, agreed upon in
advance and dependent upon the scope and complexity of the project. The minimum fee for this
type of engagement depends on the advisor, but it is 1,000 CHF to generally 5,000 CHF or higher.
A non-refundable 50% deposit may be required at the time of the agreement, and the balance is
due upon delivery of the project-based services. We do not provide investment advice or
management to clients on a project-basis. Our only investment services are discretionary
investment management for professional clients.

      For all engagement types, fee minimums and deposit requirements may be higher,
reduced, or waived at the discretion of the individual advisor or the Firm.

Performance Based Fees and Side-by-Side Management

       We currently do not charge any performance-based fees. Side-by-side management is
when one manages accounts in which some are charged by assets under management, and some
are charged by performance. Since we do not charge by performance, we therefore do not tend
to favor one account charged one way over another.

Types of Clients

       Our clients include individuals, families, and, in some cases, their adult children. We work
with several high-net-worth individuals. Most of our clients are international individuals or families.

       Our current minimum account size for new clients is 500,000 CHF, though at our discretion,
we may accept clients below this minimum, as long as they can be classified as professional
clients in Switzerland.

Methods of Analysis, Investment Strategies and Risk of Loss

       We manage each client’s portfolio(s) based on their individual circumstances. This
generally includes our analysis and understanding of their risk profile (risk tolerance, capacity and
need), their age, their income needs from the portfolio, their time horizon, and a number of other
factors that pertain specifically to each client. Asset allocation over several investment classes is
done in order to build a well-diversified portfolio. Based on macro-economic factors and our own
analysis, we may decide to include or exclude specific investment classes or under- or over-weigh
specific sectors.

       All investments and investment strategies contain risk of loss. Based on our understanding
of our clients’ risk profiles we endeavor to create well-diversified portfolios using primarily index
ETFs, and we may use some other individual securities that are highly liquid. Historically, well-
diversified portfolios using the concepts of modern portfolio theory have produced lower volatility
returns for a given level of risk, though past performance may not be indicative of future
performance.

       We encourage clients to take a long-term investment horizon since equity and fixed income
investments are known historically to be prone to volatility, which can at times be extreme. We
request that clients let us know as soon as possible of any changes in their circumstances that
would require funding for short-term needs or may require us to rebalance their portfolio so we
can plan accordingly.

       Other risks that client portfolios are subject to are inflation, regulatory changes, systemic,
currency exchange fluctuations, interest rates exposure, and the overall macro-economic
environment in Europe, the United States, and globally. It should be noted that investing in
securities involves the potential loss of invested capital and clients should be prepared to bear
this loss. We try to tailor the account based on a client’s risk profile and cash flow needs in order
to keep losses in line with risk tolerance.

       The Firm may use artificial intelligence (“AI”) or automated tools to assist with research,
document drafting, and administrative functions as it would any internet search engine. The use
of such tools is intended to enhance operational efficiency; however, AI-generated outputs may
contain inaccuracies, incomplete information or outdated data. The Firm does not rely on AI-
generated content when providing investment advice. All investment recommendations and
decisions are reviewed and approved by qualified advisors who exercise independent judgment.
The Firm maintains oversight of any technology used in its processes to help ensure that advice
provided to clients is based on appropriate analysis and human review.