Ballast Rock Private Wealth LLC

Item 5: Fees and Compensation
A. Fee Schedule

Portfolio Management Fees

                       Total Assets Under Management            Annual Fees
                       $0 - $1,000,000                          1.50%

                       $1,000,001 - $3,000,000                  1.25%

                       $3,000,001 - $5,000,000                  1.00%

                       $5,000,001 - $10,000,000                 0.75%

                       $10,000,001 +                            0.50%

BRPW uses the value of the account as of the last business day of prior quarter, after taking into account deposits and
withdrawals, for purposes of determining the market value of the assets upon which the advisory fee is based.

These fees are negotiable and the final fee schedule will be memorialized in the Client’s advisory agreement. Note that
older Clients of BRPW may have a Fee Schedule different than the one listed above. Current Clients should check their
signed Advisory Agreement for their fee schedule. Clients may terminate the agreement without penalty for a full
refund of BRPW's fees within five business days of signing the Investment Advisory Contract. Thereafter, clients may
terminate the Investment Advisory Contract immediately upon written notice.

BRPW will exclude any existing Ballast Rock Asset Management (BRAM) investments from the billable balance of client
portfolios. This exception applies to any BRAM investment made prior to the Client signing a BRPW advisory agreement.
Cash dividends and proceeds from the liquidation of these investments that are managed by BRPW will be billed
according to the agreed upon fee schedule. BRAM investments made after the Client signs a BRPW advisory agreement
will be included in the billable balance of client portfolios. BRPW reserves the right to negotiate or waive billing on
BRAM investments.

Financial Planning Services
Financial Planning Services are exclusively provided to clients of the Portfolio Management Service upon request of
the client. The cost of financial planning is included in the Portfolio Management fees.

Pension Consulting Services Fees
                         Total Assets Under Management              Annual Fees
                         $0 - $1,000,000                            1.50%

                         $1,00,001 - $3,000,000                     1.25%

                         $3,000,001 - $5,000,000                    1.00%

                         $5,000,001 - $10,000,000                   0.75%

                         $10,000,001 +                              0.50%

These fees are negotiable. BRPW uses the value of the account as of the last business day of the quarter, after taking
into account deposits and withdrawals, for purposes of determining the market value of the assets upon which the
advisory fee is based.

Note that older Clients of BRPW may have a Fee Schedule different than the one listed above. Current Clients should
check their signed Advisory Agreement for their fee schedule.

B. Payment of Fees

Payment of Portfolio Management Fees
Asset-based portfolio management fees are withdrawn directly from the Client's accounts with Client's written
authorization on a quarterly basis. Fees are paid in advance

Payment of Pension Consulting Services Fees
Pension consulting fees are withdrawn directly from the Client’s accounts with Client’s written authorization on a
quarterly basis. Fees are paid in advance.

C. Client Responsibility For Third Party Fees

Clients are responsible for the payment of all third-party fees (i.e. custodian fees, brokerage fees, mutual fund fees,
transaction fees, etc.). Those fees are separate and distinct from the fees and expenses charged by BRPW. Please see
Item 12 of this brochure regarding broker-dealer/custodian.

D. Prepayment of Fees

BRPW collects its fees in advance. It does not collect fees in arrears.

E. Outside Compensation For the Sale of Securities to Clients

Thomas Eldredge Carroll is a registered representative of a broker-dealer and in this role, accepts compensation for the
sale of investment products to BRPW clients.

This is a Conflict of Interest

Some supervised persons accept compensation for the sale of investment products, including asset based sales charges
or service fees from the sale of private funds to BRPW's clients. This presents a conflict of interest and gives the

supervised person an incentive to recommend products based on the compensation received rather than on the Client’s
needs. When recommending the sale of investment products for which the supervised persons receives compensation,
BRPW will document the conflict of interest in the client file and inform the Client of the conflict of interest.

Clients Have the Option to Purchase Recommended Products from Other Brokers

Clients always have the option to purchase BRPW recommended products through other brokers or agents that are not
affiliated with BRPW.

Commissions are not BRPW's primary source of compensation for advisory services

Commissions are not BRPW’s primary source of compensation for advisory services.

Advisory Fees in Addition to Commissions or Markups

Advisory fees that are charged to clients are not reduced to offset the commissions or markups on investment products
recommended to clients.

Item 7: Types of Clients
BRPW generally provides advisory services to the following types of clients:

    •   Individuals
    •   High-Net-Worth Individuals
    •   Pension and Profit Sharing Plans

There is no account minimum for any of BRPW’s services.