The fees of Avides Societe are set by the management model selected by the Client and are defined by the following:

. Execution-only services

Payment of a unique all-in-fee;

. Discretionary management services

Payment of an all-in-fee and a performance-fee.

The fees related with the services provided by Avides Societe are debited directly on the Client account and the value is calculated accordingly with the values that are mentioned on the ‘Asset Management Mandate Agreement’ signed between them.