ALL FEES AND EXPENSES

PAYMENT OF FEES

In signing the Trading Power, clients will authorise and direct the Broker to deduct all agreed upon fees from their accounts, and pay those to Chelton Wealth on a monthly basis. This monthly calculation period is typically from the first to the last calendar day of each month, at the open and close times as per the Broker server time.

The Broker will automatically deduct all applicable fees from clients’ accounts when due.

MANAGEMENT FEES

The management fee is prorated and charged on a monthly basis. There are no additional charges for the opening or closing of the account. Withdrawals incur the net banking fee, no extra charges.

The management fee amounts to either:

• 2% per annum for managed accounts with a total deposit of less than €1,000,000 (or the equivalent in other currency).
• 1.75% per annum for managed accounts with a total deposit between €1,000,000 and €2,500,000 (or the equivalent in other currency).
• 1.50% per annum for managed accounts with a total deposit between €2,500,000 and €5,000,000 (or the equivalent in other currency).
• 1.25% per annum for managed accounts with a total deposit between €5,000,000 and €10,000,000 (or the equivalent in other currency).
• 1.00% per annum for managed accounts with a total deposit of more than €10,000,000 (or the equivalent in other currency).

ADMINISTRATIVE FEES

Chelton Wealth will, unless otherwise specified, bear its own administrative, legal, audit, and any other administrative fees or expenses. These fees are not passed on to the Client.

TRANSACTION FEES

Chelton Wealth does not charge any transaction fees unless otherwise specified, e.g. when an introducing party is involved.

PERFORMANCE FEES

The payment of Performance Fees for “earnings on account” is charged monthly based on the net earnings achieved on the client account. It represents 10 to 20% of monthly High-Water Mark profits; also known as net earnings.

• Accounts with a total of deposits between €100,000 and €1,000,000: 20%
• Accounts with a total of deposits between €1,000,000 and €2,500,000: 17.50%
• Accounts with a total deposit between €2,500,000 and €5,000,000: 15%
• Accounts with a total deposit between €5,000,000 and €10,000,000: 12.5%
• Accounts with a total deposit above €10,000,000: 10%

High-Water Mark (HWM)

Chelton Wealth programmes apply the High Water Mark (HWM) principle, by means of which Performance Fees are only payable on net accumulated earnings. The break even point which dictates every subsequent “High Water Mark” level, equates to the original amount deposited in the account minus the Monthly Performance Fee being paid. The Monthly Performance Fee will not be paid unless the Account Net Equity is above its prior HWM value net of performance fees paid.

Performance Fee Notice

Considering that the Performance Fee is payable monthly, some Performance Fees may be paid to Chelton Wealth during a fiscal year even though the managed account sustains a net trading loss in that same fiscal year. All fees paid will be retained by Chelton Wealth even if the portfolio experiences subsequent trading losses.

Chelton Wealth does not charge any Performance Fee remuneration corresponding to the services provided during those months in which there are losses. In addition, any losses are carried forward to the next months until they have been offset by new net capital earnings.

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