We offer wrap fee programs as described in this Wrap Fee Program Brochure. Our wrap fee accounts
are managed on an individualized basis according to the client’s investment objectives, financial
goals, risk tolerance, etc.
A wrap fee program allows our clients to pay a specified fee for investment advisory services and the
execution of transactions. The advisory services may include portfolio management and/or advice
concerning selection of other advisers, and the fee is not based directly upon transactions in your
account. Your fee is bundled with our costs for executing transactions in your account(s). This results
in a higher advisory fee to you. We do not charge our clients higher advisory fees based on their
trading activity, By participating in a wrap fee program, you may end up paying more or less than
you would through a non-wrap fee program where a lower advisory fee is charged, but trade
execution costs are passed directly through to you by the executing broker.
Our Wrap Advisory Services
Purus Asset Management (“PAM”):
We emphasize continuous and regular account supervision. As part of our asset management service,
we generally create a portfolio, consisting of individual stocks or bonds, exchange traded funds (“ETFs”),
options, mutual funds and other public and private securities or investments. The client’s individual
investment strategy is tailored to their specific needs and may include some or all of the previously
mentioned securities. Each portfolio will be initially designed to meet a particular investment goal,
which we determine to be suitable to the client’s circumstances. Once the appropriate portfolio has been
determined, we review the portfolio at least quarterly and if necessary, rebalance the portfolio based
upon the client’s individual needs, stated goals, and objectives. Each client has the opportunity to place
reasonable restrictions on the types of investments to be held in the portfolio.
Fee Schedule
Assets Under Management Annual Percentage of Assets Charge
$0 to $499,999 2.00%
$500,000 to $749,999 1.75%
$750,000 to $999,999 1.50%
Over $1,000,000
Over $2,000,000
1.40%
1.00%
Our firm’s annualized fees are billed on a pro-rata basis quarterly in advance based on the value
of your account on the time-weighted daily average of the previous quarter. Fees are negotiable
and will be deducted from your managed account. Further it is important to note that our firm
assesses our advisory on all assets held in client managed accounts including cash and cash
equivalents. As part of this process, the client is made aware of the following:
a) Your independent custodian sends statements at least quarterly to you showing the
market values for each security included in the Assets and all disbursements in your
account including the amount of the advisory fees paid to us; and
b) You provide authorization permitting us to be directly paid by these terms. We send our
invoice directly to the custodian.
ADV Part 2A, Appendix 1 – Wrap Fee Brochure Page 5 Purus Wealth Management, LLC
Comprehensive Wrap Asset Management (“CAMx”):
Our CAMx service encompasses asset management as well as providing financial planning/financial
consulting to clients. It is designed to assist clients in meeting their financial goals through the use of
financial investments. We conduct at least one, but sometimes more than one meeting (in person if
possible, otherwise via telephone conference) with clients in order to understand their current
financial situation, existing resources, financial goals, and tolerance for risk. Based on what we learn,
we propose an investment approach to the client. We may propose an investment portfolio,
consisting of exchange traded funds, mutual funds, individual stocks or bonds, or other securities.
Upon the client’s agreement to the proposed investment plan, we work with the client to establish or
transfer investment accounts so that we can manage the client’s portfolio. Once the relevant accounts
are under our management, we review such accounts on a regular basis and at least quarterly. We
may periodically rebalance or adjust client accounts under our management. If the client experiences
any significant changes to his/her financial or personal circumstances, the client must notify us so
that we can consider such information
in managing the client’s investments.
Fee Schedule
Assets Under Management Annual Percentage of Assets Charge
$0 to $499,999 2.20%
$500,000 to $749,999 1.95%
$750,000 to $999,999 1.70%
Over $1,000,000
Over $2,000,000
1.60%
1.20%
Our firm’s annualized fees are billed on a pro-rata basis quarterly in advance based on the value
of your account on the time-weighted daily average of the previous quarter. Fees are negotiable
and will be deducted from your managed account. Further it is important to note that our firm
assesses our advisory on all assets held in client managed accounts including cash and cash
equivalents. As part of this process, the client is made aware of the following:
a) Your independent custodian sends statements at least quarterly to you showing the
market values for each security included in the Assets and all disbursements in your
account including the amount of the advisory fees paid to us; and
b) You provide authorization permitting us to be directly paid by these terms. We send our
invoice directly to the custodian.
Separately Managed Account Programs
In certain instances, our firm will recommend and utilize Separately Managed Account (“SMA”)
Programs of third party investment advisory firm or individual advisor to implement a strategy made
available by the third party investment advisory firm for PAM and CAMx clients. Before selecting an
SMA program, our firm will ensure that the chosen sponsor is properly licensed or registered. We
will provide initial due diligence on the SMA as well as the sponsor and further, perform ongoing reviews
of their management of client accounts.
Our firm will contact clients from time to time in order to review their financial situation and
objectives; and, assist the client in understanding and evaluating the services provided by the
program sponsor. Clients will be expected to notify our firm of any changes in their financial situation,
investment objectives, or account restrictions that could affect their financial standing.
ADV Part 2A, Appendix 1 – Wrap Fee Brochure Page 6 Purus Wealth Management, LLC
The maximum annual fee charged by our firm to clients utilizing SMA programs will not exceed the
maximum fee published above for this service (Either PAM or CAMx). Our firm will debit fees for this
service as disclosed in the executed advisory agreement between the client and our firm. This fee
shall be in addition to any fees assessed by the chosen SMA Program and its sponsor. The program
we recommend will not directly charge you a higher fee than they would have charged without us
introducing you to them. The SMA program sponsors establish and maintain their own separate
billing processes over which we have no control. They will directly bill you and describe how this
works in their separate written disclosure documents.
Other Types of Fees & Expenses:
You may pay custodial fees, charges imposed directly by a mutual fund, index fund, or exchange
traded fund which shall be disclosed in the fund’s prospectus (i.e., fund management fees and other
fund expenses), mark-ups and mark-downs, spreads paid to market makers, wire transfer fees and
other fees and taxes on brokerage accounts and securities transactions. These fees are not included
within the wrap-fee you are charged by our firm.
Fees are assessed on all assets under management, including securities, cash and money market
balances. Margin debit balances do not reduce the value of the assets under management.
We do not recommend or offer the wrap program services of other providers. Our investment
advisory representatives receive a portion of the advisory fee that you pay us, either directly as a
percentage of your overall fee or as their salary from our firm. In cases where our investment
advisory representatives are paid a percentage of your overall advisory fee, this may create an
incentive to recommend that you participate in a wrap fee program rather than a non-wrap fee
program (where you would pay for trade execution costs) or brokerage account where commissions
are charged. This is because, in some cases, we may stand to earn more compensation from advisory
fees paid to us through a wrap fee program arrangement if your account is not actively traded.