Barnett & Co Inc

Item 5. Fees and Compensation

Wealth and Asset Management Fees
Clients pay Barnett & Company a fee based on the value of assets in their account. Fees are
charged quarterly in advance based on the value of the account on the last day of the previous
quarter. While Barnett & Company intends to charge fees in accordance with the standard fee
schedule in place at the time of executing the portfolio management agreement, fees may be
subject to negotiation in limited circumstances, and may vary from the standard schedules to
reflect circumstances that apply to a specific client account. The fee schedule, and any applicable
terms and conditions, is stated in the client’s portfolio management agreement.

The firm’s current schedule is as follows:

                   First $1 million                           1.00% per annum
                   Next $2 million                             .75% per annum
                   Next $2 million                             .70% per annum
                   Next $5 million                             .65% per annum
                   Over $10 million                            .60% per annum

Either party may terminate the portfolio management agreement upon notice to the other party.
Upon termination, clients will be refunded all fees paid but unearned as of the date of
termination within 30 days of such date. Termination of the agreement will not affect the
liabilities or obligations incurred or arising from transactions initiated under the agreement prior
to the termination.

Clients may, but are not required to, grant Barnett & Company the authority to debit advisory
fees directly from the clients’ accounts. If the client authorizes Barnett & Company to debit fees,
notice of such fee is delivered promptly to the client. Clients will receive a statement, usually
monthly but no less than quarterly, directly from their account custodian. Barnett & Company
urges clients to review the information on the statement for accuracy and compare the

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January 29, 2026

information to any reports received directly from Barnett & Company. Please refer to the
Custody section of this document for additional disclosures relating to the deduction of advisory
fees.

The advisory fee covers only the portfolio management and advisory services provided by Barnett
& Company and does not include brokerage commissions, mark-ups and mark-downs, exchange
fees, dealer spreads, trade away fees, special handling fees, or other costs associated with the
purchase and sale of securities, custodian fees, transfer fees, wire fees, interest, taxes, or other
account expenses. All fees paid to Barnett & Company for investment advisory services are
separate and distinct from the internal fees and expenses charged by mutual funds or exchange-
traded funds. The client will be solely responsible, directly or indirectly, for these additional
expenses. Barnett & Company does not receive any portion of these additional fees. Refer to
the section titled “Brokerage Practices” for additional information.

Financial Planning and/or Consulting Fees

Financial planning and consulting services can either be charged at an hourly rate of $175, with
an estimated initial cost of $1,000 to $1,500, or charged based on the assets that fall within the
scope of the financial plan. Typically, these fees will be due upon receipt.

Prior to engaging Barnett to provide these services, clients are required to sign an Engagement
Letter, which sets forth the terms and conditions of the engagement, including fees. Fees will be
discussed and agreed upon between the client and Barnett and will be specifically identified in
the Engagement Letter.

As a financial planning or consulting client, you are under no obligation to act upon any of our
recommendations or effect the transaction(s) through us if you decide to follow the
recommendations.

Retirement Plan Support Fees

For these education-only services, Barnett & Company is compensated directly by the plan
sponsor based on the terms of the service agreement. The plan’s recordkeeper facilitates the
administrative processing and remittance of our compensation on behalf of the plan sponsor.

Item 7. Types of Clients

Barnett & Company generally provides investment advice to individuals, high-net-worth
individuals, and charitable organizations. We typically require a minimum account size of

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January 29, 2026

$500,000; however, exceptions to the minimum requirement may be considered on a case-by-
case basis. Prospective clients interested in exploring exceptions are encouraged to contact us
for further discussion.