Abraham & Co Inc

Item	5	–	Fees	and	Compensation
Abraham	provides	clients	with	discretionary	investment	advisory	services	including	investment	selection,
reinvestment,	portfolio	management	and	periodic	reviews	of	the	assets	contained	in	the	client’s	account(s).

    Revised	February	2026	                                                                                             Page	|	4

Account	Advisory	Fees	-	Annual	Fees	for	All	Managed	Accounts	(Maximum-Not	to	Exceed):

      Billing	Category	               Account	Value	                 Annual	Percentage	of	Advisory	Account	Assets
                              (Billed	Monthly	or	Quarterly)	                       (Cash	&	Securities)
           Tier	1	                   $50,000-250,000	                                    1.50%
           Tier	2	                  $250,000-$500,000	                                   1.25%
           Tier	3	                 $500,000-$1,500,000	                                  1.00%
           Tier	4	               $1,500,000	-	$3	million	                                0.90%
           Tier	5	           Over	$3	million	(Negotiated	Rate	       (Must	be	approved	by	Firm	Principal	in	advance)_

An	Account	Advisory	Fee	(“Account	Management	Fee”)	will	be	billed	to	clients	directly	by	Abraham	or	the	Firm’s
designated	third-party	service	provider,	or	deducted	directly	from	client	accounts,	with	prior	client	authorization,
by	the	Custodian(s)	holding	the	account.	Advisory	fees	are	payable	in	arrears	on	a	monthly	or	quarterly	basis.	Fees
are	calculated	based	upon	the	market	value	of	securities	and	cash	balances	(including	margin	debits)	on	the
average	daily	balance	of	the	previous	month	or	quarter.	Each	payment	will	be	due	and	payable	during	the	first
month	following	the	month	(if	billed	monthly)	or	calendar	quarter	(if	billed	quarterly)	to	which	it	relates.	Cash
and	money	market	investments	will	be	included	in	the	determination	of	the	account	value	unless	otherwise
agreed.	The	fee	for	the	period	in	which	the	account	is	established	will	be	prorated	based	on	the	number	of	days
remaining	in	the	month/quarter	after	establishment	of	the	account.	Abraham	is	authorized	to	instruct	the
Custodian	to	deduct	from	clients’	accounts	any	fee	owed	to	Abraham	pursuant	to	the	terms	of	the	Firm’s	client
agreements	(PAMA	or	IAA-Held	away	Accounts).	[This	method	of	deducting	fees	directly	from	client	accounts	may
not	be	permitted	in	Held	Away	accounts].	Lower	fees	for	comparable	services	may	be	available	from	other	sources.
In	certain	cases,	other	advisory	firms	and	Investment	Adviser	Representatives	who	are	dually	licensed	with
Abraham	and	other	firms	may	charge	fees	that	are	higher	or	lower	than	those	listed	above.	Clients	are	advised	to
carefully	read	the	fee	structure	contained	in	the	client	agreements).

Abraham	&	Co.’s	fees	are	exclusive	of	brokerage	commissions,	transaction	fees,	and	other	related	costs
and	expenses	(described	above)	which	shall	be	incurred	by	the	client.	Clients	may	incur	certain	charges	imposed
by	custodians,	brokers,	and	other	third	parties	such	as	commissions,	custodial	fees,	alternative	investment
holding	fees,	deferred	sales	charges,	odd-lot	differentials,	transfer	taxes,	wire	transfer	and	electronic	fund	transfer
fees,	margin	interest,	securities	and	account	transfer	fees,	currency	exchange	differentials,	foreign	exchange	fees
and	taxes,	and	other	fees	on	brokerage	and	advisory	accounts	transactions.	Mutual	funds,	exchange-traded	funds,
REITS,	UITs,	and	other	“alternative	investments,”	charge	internal	management	fees	which	are	disclosed	in	their
prospectus.	Such	charges,	including	mutual	fund	sales	charges	are	exclusive	of,	and	in	addition	to,	Abraham	&	Co.’s
advisory	fees.	Abraham	does	not	receive,	or	mark-up,	any	of	these	fees,	and	costs.

Invoices	for	Advisory	Fees:	All	fees	paid	to	Abraham	will	be	reported	to	clients	on	a	statement	of	advisory	fees
(“Invoice”)	which	will	be	prepared	and	supplied	to	clients	by	Abraham	(including	its	designated	service
providers),	its	clearing	agent	or	custodian,	Schwab,	or	any	other	qualified	financial	institution	selected	as	the
account	custodian	by	Abraham.	The	Invoice	will	show	the	account	advisory	fee,	the	formula	used	to	calculate	the
fee,	the	fee	calculation	itself,	the	time	period	covered	by	the	fee,	and	the	amount	of	assets	under	management	on
which	the	fee	was	based.	The	Invoice	will	always	include	the	name	of	the	custodian(s)	where	the	client	account	is
held.	Clients	are	encouraged	to	compare	this	information	with	the	fees	listed	in	the	clearing	agent	or	custodian’s
account	statement	and	promptly	notify	Abraham	of	any	discrepancies	or	irregularities.

Consulting	Services:	Abraham	&	Co.	occasionally	provides	business	consulting,	management,	or	administrative
services	to	affiliates	and	others	for	a	fee.	These	services	may	or	may	not	include	investment	advice.	Fees	for	these
services	 are	 $250	 -	 $500	 per	 hour	 depending	 on	 complexity.	 Fees	 are	 billed	 monthly,	 in	 arrears,	 as	 work	 is
completed	and	paid	by	consulting	client	via	ACH.

Early	 Termination	 of	 Advisory	 Agreements:	 Should	 any	 client	 terminate	 the	 account	 advisory	 agreement(s)
within	 twelve	 months	 from	 the	 date	 of	 inception,	 clients	 agree	 to	 compensate	 Abraham	 the	 difference	 between
actual	fees	paid	and	the	minimum	fee	of	$250	per	account.	(See	the	client	account	agreements	for	specifics	concerning
early	 termination	 and	 fees).	 Transaction	 or	 processing	 charges	 incurred	 by,	 or	 paid	 to	 Abraham	 for	 clearing	 or
custodial	services	are	not	subject	to	refund	in	the	event	of	termination.	All	fees	due	to	Abraham	at	termination	will
be	deducted	from	clients’	accounts	before	assets	are	delivered	from	the	account.	This	Agreement	will	terminate
automatically	upon	receipt	by	Adviser	of	legal	notice	of	the	death	of	Client. Notwithstanding	the	foregoing,	clients
may	terminate	their	agreements	within	five	business	days	of	the	effective	date	of	the	client	agreement	without
...

Item	7	–	Types	of	Clients
Abraham	provides,	or	may	provide,	portfolio	management	services	to	individuals	and	high	net-worth	individuals
(these	two	groups	comprise	nearly	all	of	the	Firm’s	accounts	and	business	focus).	Other	groups	such	as	charitable
institutions,	foundations,	endowments,	private	investment	funds,	trust	programs,	etc.	are	considered	on	a	case-
by-case	basis.	The	account	minimum	is	$50,000.	See	early	Early	Termination	of	Advisory	Agreements	and	other
account	restrictions/conditions	discussed	in	previous	section(s)	of	this	document.