Confidential — Prepared for Discussion
Cornell Capital Holdings
Strategic Partnership Proposal & Pro Forma Financial Model
Presented to Carey Fortnam — Director of Client Acquisition & Relationship Management
Dana Cornell, CEO & Founder
April 2026
Strictly Confidential
Partnership Structure & Role Definition
This document outlines the proposed operating partnership between Cornell Capital Holdings and Carey Fortnam. It defines roles, responsibilities, compensation architecture, equity participation, and governance terms that will govern our collaboration.
Defined Roles
Carey Fortnam
Director of Client Acquisition & Relationship Management
  • Close warm leads sourced and qualified by Dana Cornell
  • Manage ongoing relationships for all enrolled Family CFO Core™ clients
  • Serve as primary liaison to Wealth Architect Network (WAN) referring advisors
  • Coordinate client onboarding through the 90-Day Priority Plan™
  • Conduct retention reviews and annual family CFO strategy sessions
  • Monitor client deliverable fulfillment and satisfaction benchmarks
  • Represent CCH in co-marketing and co-presentation events with WAN partners
Compensation Structure
Phase 1
Draw Period
Months 1 – 6 (Against Commissions)
Monthly Draw $25,000 / month
Total Draw Exposure $150,000
Draw Mechanics Advance vs. Earned Comm.
Repayment if exit < 12 mo. Pro-rated recovery
Commission rate during Phase 1 Standard (see Phase 2)
Phase 2
Pure Commission
Month 7 Onward (No Draw)
Direct / Warm Lead Clients 30% of Gross CCH Fee
WAN-Referred Clients 20% of Gross CCH Fee
Applies To Initial + Recurring Fees
Payment Timing Monthly on collected fees
Chargebacks None after 90-day period
CCH Standard Fee Schedule
Client Type Initial Engagement Fee Coverage Period Monthly Recurring (Post-90 Days) Annual Recurring
Business Owner $50,000 First 90 days $4,000 / month $48,000
Personal / UHNW $30,000 First 90 days $2,000 / month $24,000

The initial retainer covers the Wealth Rewired Blueprint™, Financial Operating System™ Dashboard build, and the 90-Day Priority Plan™. Monthly recurring begins upon completion of the onboarding period and covers ongoing coordination, quarterly calls, and annual board strategy meeting.

Wealth Architect Network (WAN) — Fee Flow
Party Role Economic Share Notes
CCH Engages client directly, delivers all services 80% of gross fee After advisor remittance
WAN Advisor Refers client, introduces CCH as "team behind the team" 20% of gross fee Remitted by CCH monthly
Carey Closes, manages, retains WAN-referred client 20% of gross CCH fee On initial + recurring

In the WAN model, both the referring advisor and Carey each earn 20% of the gross CCH fee — this is not double-counted. The WAN advisor's 20% is a gross-revenue remittance from CCH. Carey's 20% is calculated on the same gross fee base, paid from CCH's operating margin.

Equity & Book of Business
30%
Direct Book Equity
(matches commission rate)
20%
WAN Book Equity
(matches WAN commission rate)
12×
Exit Multiple on ARR
(Year 3 option)

Carey builds a proportional equity stake in his attributable book of business over time. The equity stake mirrors his commission rate — 30% on direct clients, 20% on WAN clients — and is calculated annually against Carey's attributable recurring revenue. At the Year 3 anniversary, Carey holds the option to monetize his equity interest at a 12× ARR multiple on his attributable recurring revenue, subject to a formal valuation and mutually agreed transition terms.

Governance & Terms
Performance Reviews
Formal review at Month 6 (coinciding with Phase 2 transition) and annually thereafter. Review covers pipeline activity, close ratios, client retention, and NPS benchmarks.
Draw Repayment
If Carey separates prior to Month 12, any outstanding unearned draw balance (draw advanced minus commissions earned) is subject to pro-rated repayment under a schedule to be agreed at execution.
Non-Solicitation / Non-Compete
[Standard non-solicitation and non-compete provisions to be inserted by legal counsel — 24-month restriction on soliciting CCH clients, prospects, and WAN advisors following separation.]
Notice & Dissolution
Either party may elect to dissolve the partnership with 90 days' written notice. All active client relationships and WAN advisor introductions remain the property of Cornell Capital Holdings.
Commission Vesting
Trailing commissions on recurring fees continue for 12 months post-separation on clients enrolled during Carey's tenure, subject to satisfactory client status and no non-compete violation.
Confidentiality
All client data, fee structures, WAN advisor relationships, and firm financial information are strictly confidential. Mutual NDA to be executed concurrently with partnership agreement.
Carey Fortnam — Pro Forma Financial Model
The following projections model Carey's compensation and CCH revenue outcomes across Year 1 and Year 3, based on defined client acquisition rates and the established fee schedule. All figures use pre-calculated inputs; actual results will vary.
Key Modeling Assumptions
  • Direct clients: 20 new in Year 1 (10 business owners, 10 personal)
  • WAN clients: 60 new in Year 1 (42 personal, 18 business owners)
  • WAN model: 10 advisor partners, each referring 1 client/month at scale
  • Direct client recurring: avg 3 months collected in Year 1 (post-90 days)
  • WAN client recurring: avg 2 months collected in Year 1 (post-90 days)
  • Year 3 total active clients: 968 (56 direct + 912 WAN) — original WAN; revised below
  • Business Owner fee: $50K initial + $4K/month recurring
  • Personal client fee: $30K initial + $2K/month recurring
  • WAN advisor remittance: 20% of gross CCH fee
  • Carey's direct commission: 30% of gross CCH fee
  • Carey's WAN commission: 20% of gross CCH fee
  • Year 3 exit multiple: 12× attributable ARR
Revenue & Compensation Summary
Year 1
Ramp Period
DIRECT CLIENTS (Dana Warm Leads)
New direct clients20 clients
Mix (Bus. Owner / Personal)10 / 10
Initial engagement fees$800,000
Recurring (avg 3 mo. post-90d)$180,000
Direct gross revenue$980,000
Carey commission (30%)$294,000
WAN CLIENTS (Advisor Referrals)
New WAN clients60 clients
Mix (Personal / Bus. Owner)42 / 18
WAN initial fees$2,160,000
WAN recurring (avg 2 mo.)$312,000
WAN gross revenue$2,472,000
WAN advisor remittances (20%)($494,400)
Carey WAN commission (20%)$494,400
TOTAL & CAREY SUMMARY
Total gross revenue$3,452,000
Total WAN advisor remittances($494,400)
Carey total commissions earned$788,400
Less: draw advanced($150,000)
Carey net cash received Y1$638,400
CCH net revenue (after remit + comm)$2,169,200
Year 3
Scale Period
DIRECT CLIENTS (Cumulative)
Total active direct clients56 clients
Direct recurring ARR$2,016,000
New direct initials (Y3)$800,000
Direct gross revenue Y3$2,816,000
Carey direct commission (30%)$844,800
WAN CLIENTS (Cumulative)
Total active WAN clients456 clients
Mix (Personal / Bus. Owner)~319 / ~137
WAN recurring ARR$14,232,000
New WAN client initials (Y3)$4,320,000
WAN gross revenue Y3$18,552,000
WAN advisor remittances (20%)($3,710,400)
Carey WAN commission (20%)$3,710,400
TOTAL & CAREY SUMMARY
Total gross revenue Y3$21,368,000
Total WAN advisor remittances($3,710,400)
Carey total commissions Y3$4,555,200
Draw fully recouped✓ Complete
Carey net cash received Y3$4,555,200
CCH net revenue Y3 (after remit + comm)$13,102,400
Year 3 Exit Analysis — Carey's Book Equity
Attributable Book Value at Year 3
Based on 12× ARR multiple applied to Carey's attributable recurring revenue
$30.2M
Total Firm ARR
(Direct + WAN Recurring)
$2.63M
Carey's Attributable ARR
(Direct $604.8K + WAN $2.028M)
$31.5M
Carey's Exit Value at 12×
(Year 3 Option)
Direct attributable ARR (30% × $2,016,000)$604,800
WAN attributable ARR (20% × $14,232,000)$2,846,400
Total attributable ARR$3,451,200
Exit multiple12×
Carey's book exit value$41,414,400
Firm valuation at 12× ARR$362,400,000+
Carey's % of firm value~11.4%
Exit exercisable atYear 3 anniversary

Exit valuation is based on Carey's proportional attribution of recurring revenue, not total firm equity. The 12× multiple reflects market comparables for fee-based wealth management / family office platforms with demonstrable recurring revenue and UHNW client concentrations. Final terms, vesting schedules, and mechanics to be formalized in partnership agreement.

WAN Growth Engine: 5-Year Scale Scenario
The following is a standalone strategic illustration — separate from Carey's individual pro forma — modeling the revenue and valuation impact if Cornell Capital Holdings scales its Wealth Architect Network aggressively over five years. This is Cornell Capital's primary growth lever.
WAN Growth Engine — Modeling Assumptions
  • CCH adds 20 new WAN advisors per year, every year, for 5 years
  • New advisors ramp at Month 6 of their onboarding year (6 mo. to full referral capacity)
  • Each fully-onboarded advisor refers 1 client/month = 12 clients/year
  • New cohort in Year N contributes: 20 advisors × 6 months = 120 new clients
  • Prior-year cohorts are fully onboarded: 20 advisors × 12 months = 240 clients/cohort/yr
  • Client mix: 70% personal ($30K initial, $2K/mo) / 30% business ($50K initial, $4K/mo)
  • Blended initial fee: $36,000 per client | Blended recurring: $31,200/yr per client
  • Annual client retention rate: 90%
  • CCH remits 20% of gross fees to referring WAN advisor
  • AUM-based fees excluded from this model (conservatively excluded)
  • Firm valuation based on 12× total recurring ARR (end of year)
WAN Five-Year Revenue Model
Year Cumul. Advisors New WAN Clients Cumul. Active Clients Blended Initial Fees Full-Year ARR (Recurring) WAN Gross Revenue Advisor Remittances (20%) CCH Net WAN Revenue Firm Valuation (12× ARR)
Year 1 20 120 120 $4,320,000 $3,744,000 $8,064,000 ($1,612,800) $6,451,200 $44,928,000
Year 2 40 360 468 $12,960,000 $14,601,600 $27,561,600 ($5,512,320) $22,049,280 $175,219,200
Year 3 60 600 1,021 $21,600,000 $31,855,200 $53,455,200 ($10,691,040) $42,764,160 $382,262,400
Year 4 80 840 1,759 $30,240,000 $54,877,200 $85,117,200 ($17,023,440) $68,093,760 $658,526,400
Year 5 100 1,080 2,663 $38,880,000 $83,083,200 $121,963,200 ($24,392,640) $97,570,560 $996,998,400
5-Year Total 100 advisors 3,000 clients 2,663 active $108,000,000 $83M ARR (Y5) $296,161,200 ($59,232,240) $236,928,960 ~$997M (Y5)
Why WAN Is Cornell Capital's Primary Growth Lever

The Wealth Architect Network is not a marketing channel — it is a scalable distribution architecture. Every qualified WAN advisor who joins CCH's network adds a reliable, recurring referral pipeline that compounds over time. Unlike traditional advisor models where growth is linear and limited by Dana's individual capacity, WAN creates an exponential referral surface: 100 advisors at full capacity generate over 1,200 qualified introductions per month.

The economics are structurally superior. WAN clients are pre-vetted by advisors who have trusted relationships with the prospect. Close rates on WAN referrals are expected to significantly outperform cold or semi-warm leads. The 20% remittance to referring advisors is not a cost — it's a fractional business development fee paid only on enrolled, paying clients. There is no upfront cost to the WAN model.

At Year 5, with 100 WAN advisors generating 1,080 new clients annually and a cumulative active base of 2,663 clients, total recurring ARR reaches $83M. At a 12× ARR multiple, the firm is valued at approximately $1 billion — driven almost entirely by the WAN channel. This is not a speculative outcome; it requires only that CCH recruits 20 quality advisors per year and maintains a 90% client retention rate — both achievable benchmarks for a firm delivering the Wealth Rewired™ experience.

100
WAN Advisors
at Year 5
2,663
Active WAN
Clients at Y5
$83M
Recurring ARR
at Year 5
~$997M
Firm Valuation
at 12× ARR

This illustration is a standalone strategic model and does not reflect individual advisor or employee compensation. Actual results depend on advisor recruitment rates, client conversion ratios, and retention performance. This model intentionally excludes AUM-based fees and performance bonuses, both of which would add materially to gross revenue. The 12× valuation multiple is directional; formal enterprise valuation would require independent appraisal.