Baring Financial LLC

Item 5: Fees and Compensation
Fee Billing
Our ongoing asset management fee is based on a percentage of your assets under
management with our firm.
Our maximum annual fee is 1.3%, although clients using Charles Schwab & Co., Inc.
(“Schwab”) as their broker-dealer/customer will pay no more than 1.2%. Schwab has
eliminated commissions for online trades of equities, ETFs and options (subject to $0.65 per
contract fee). This means that, in most cases, when we buy and sell these types of securities,
clients will not have to pay any commissions to Schwab. We have a legacy institutional
agreement with Shareholder Services Group (“SSG”), now part of Altruist Financial, for which
Baring Financial agreed to pay commissions on behalf of clients. We have been moving away
from that platform and no longer recommend, or accept, new accounts at SSG/Altrust
Financial. SSG charges a fee for securities transactions in the account and Baring Financial
pays those transaction fees on behalf of client accounts held at SSG. We do not pay any
other account service or activity fees on behalf of clients (see Other Fees and Expenses
below). Paying the transaction fees on behalf of clients creates a conflict of interest for us
because it gives us an incentive to trade less frequently as it costs us less money. However,
we have a fiduciary obligation to trade in a client’s portfolio when it is in the client’s interests,
not whether it benefits us.
For all new clients and most existing clients we bill quarterly in arrears (after the billing period
has ended). While we have accounts with SSG that are billed in advance, that is not an option
we offer for new clients. If those accounts move to Schwab, they will be billed in arrears going
forward.
We do not charge more than 1% annually for clients using our legacy services through SEI’s
platform. SEI charges .20% annually on all non-SEI investments held in client accounts and
our portfolios typically have non-SEI investments. This fee is paid directly by the client to SEI
and was detailed in the account-opening paperwork the client signs. Unlike the transaction
charges at SSG, Baring Financial does not pay the SEI fee on behalf of clients.
Our fees are negotiable. Baring Financial, in its sole discretion, may waive its fee and/or
charge a lesser investment advisory fee based upon certain criteria (e.g., historical
relationship, type of assets, anticipated future earning capacity, anticipated future additional
assets, dollar amounts of assets to be managed, related accounts, account composition,
negotiations with clients, etc.). See “Other Fees and Expenses” below and Item 12 of this
brochure for the different cost structures of the custodians we recommend.
We bill our fee at the beginning of each new quarter, calculated on the value of your account

on the last day of the previous calendar quarter. Clients can pay by check or direct fee
deduction through their custodian; however, we usually deduct fees directly from your
account through the qualified custodian holding your funds and securities. You authorize this
fee deduction through your written client agreement with us and the account opening
paperwork with your custodian.

Third-Party Advisory Fees
When a portion of a client’s portfolio is managed by a third-party adviser, the client will pay
an advisory fee directly to that other adviser. The fee will be disclosed to the client in the
paperwork signed with the third-party adviser. The fee to the third-party adviser is separate
and in addition to fees the client pays to Baring Financial.

Other Fees and Expenses
The fees that you pay to Baring Financial do not include the fees and expenses charged by
your broker-dealer/custodian, platform provides, and other third parties, including the SEC
and exchanges. Examples of these fees include platform fees, custodial fees, exchange fees,
transaction fees, transfer fees, and wire fees. Baring Financial does not share or otherwise
receive any portion of these third-party fees.
Neither Baring Financial nor its associated persons accept compensation for the sale of
securities or other investment products.

Mutual Fund Fees
Mutual funds generally charge an internal management fee, also referred to an expense ratio,
for their services as investment managers. These fees are in addition to the fees paid by you
to Baring Financial, LLC. For example, an expense ratio of 0.50 means that the mutual fund
company charges 0.5% for their services. These fees are deducted from the fund assets
internally and reduce overall return. Neither Baring Financial nor any of its associated
persons share in these fees.
Past Due Accounts
We reserve the right to stop work on any account that is more than 90 days overdue. In
addition, we reserve the right to terminate any investment management engagement where
a client has willfully concealed or has refused to provide pertinent information about financial
situations when necessary and appropriate, in Baring Financial’s judgment, to providing
proper financial advice. Any unearned portion of fees collected in advance will be refunded
within 30 days of our notice of termination.

Item 7: Types of Clients
We generally provide investment advice to individuals, banks or thrift institutions, investment

companies, pension and profit-sharing plans, trusts, estates, or charitable organizations,
corporations or business entities. Client relationships vary in scope and length of service. We
do not have a minimum account size.