Andersen Tax LLC

Item 5 – Fees and Compensation

Our Fees
Andersen’s fees are agreed upon in writing and in advance. Fees are negotiable
and can vary based upon factors such as the overall complexity of a client’s
financial affairs, the types of investments, the number of investing entities, and
the extent to which other financial and tax planning services are incorporated.

Our fees for full-service investment consulting are typically based on a percentage
of assets under advisement. Our basic asset-based fee schedule is as follows:

                                         4                          March 30, 2026

                       ASSETS                      ANNUALIZED
                   First $10 million                   1.00%
                   Next $10 million                    0.75%
                   Next $15 million                   0.50%
                   Next $15 million                   0.35%
                Amount over $50 million              Negotiable
       *Note: The fee percentages are applied according to each asset-
       level increment. For example, an account of $25 million would
       pay an annualized fee of 1% on the first $10 million, plus 0.75% on
       the next $10 million, plus 0.50% on the remaining $5 million, for
       an annual total of $200,000.

We calculate asset-based fees due based on the market value of the account(s) at
the close of the prior quarter. Market values are provided by the custodian, a
fund’s administrator, or our performance reporting service provider. In the case
of assets that are not priced daily, we will use the most recent prices or valuations
provided by the custodian or fund administrator. Market values include accrued
interest and dividends and other income. Should we determine to apply our own
valuation to an asset when calculating fees, we will inform you of the reason and
our valuation method. Related accounts may be aggregated when we calculate
asset-based fees in certain circumstances, such as for the members within one
household.

In an asset-based fee arrangement, our fees increase as your assets that we advise
increase. This poses a conflict of interest because we are incentivized to provide
advice or recommendations that maintain or increase the asset base upon which
we calculate our fee.

To the extent a client uses a margin investing strategy to leverage his or her
portfolio, our asset-based fee calculation will include the additional invested
assets. This poses a conflict of interest in that we have a financial incentive to
recommend leveraged investing. (This conflict does not arise when a client uses
margin loan proceeds for purposes outside of the advised accounts.)

For some clients, we charge fees on an annual fixed fee basis. Some annual fixed-
fee engagements are subject to periodic increases based on either an agreed-upon
percentage or otherwise as described in your engagement letter.

For some clients, we charge fees on an hourly basis. Hourly charges vary
depending upon the nature of the work performed, sophistication of the services
provided, and the professional level of the personnel required. Hourly charges
will be billed at Andersen’s hourly rates in effect at the time services are

                                          5                         March 30, 2026

performed. Standard hourly rates are determined by Andersen, are subject to
change without prior notice, and can vary based on office location.

We generally bill quarterly in advance in asset-based or fixed fee arrangements.
We bill quarterly in arrears in hourly arrangements. Clients can choose to
authorize us to automatically deduct fees due from one or more of their securities
accounts or pay for fees due upon receipt of an invoice.

Fees are typically applied to all investments for which we provide ongoing
financial planning, asset allocation and rebalancing, performance reporting and
portfolio monitoring services, irrespective of whether the client selected a
particular underlying asset from our recommended managers and funds.

When we provide investment advice to you regarding your retirement plan
account or individual retirement account, we are fiduciaries within the meaning
of Title I of the Employee Retirement Income Security Act and/or the Internal
Revenue Code, as applicable, which are laws governing retirement accounts. The
way we make money creates some conflicts with your interests, so we operate
under a special rule that requires us to act in your best interest and not put our
interests ahead of yours.

Any individually negotiated fee arrangements as described in a client’s
engagement letter - including fee schedule to be used, assets to be excluded from
application of fees, householding of accounts, and treatment of large mid-billing
cycle cash flows - will supersede the foregoing fee disclosures. Either party may
terminate the investment consulting agreement without penalty upon five
business days’ written notice. If an agreement is terminated before the end of a
billing period, we will promptly refund any prepaid asset-based or fixed fees on a
pro-rata basis based upon the number of calendar days remaining in the billing
period.

Other Fees and Expenses
In addition to the fees paid to Andersen, clients will incur fees and expenses
charged by their selected separate account managers, funds and co-advisers.
Clients will incur brokerage and transaction costs and other administrative fees
from brokers, managers, or custodians (see Item 12 – Brokerage Practices).
These fees and expenses may include investment management fees, fund fees and
expenses, custodial and administrative fees, commissions, sales charges, margin
interest, Unified Managed Account fees, and management and performance fees.
We do not receive any compensation from the sales of securities, and we do not
share in any fees charged by a client’s selected separate account managers, funds,
co-advisers, brokers, or custodians.
...

Item 7 – Types of Clients
We provide investment consulting services generally to successful individuals and
families, and their related trusts, foundations, endowments, charitable
organizations, family partnerships, family-owned corporate pension and profit-
sharing plans, and other closely held entities. We also advise endowments for
not-for-profit organizations.