Bay Colony Advisory Group Inc

Item 5 – Fees and Compensation
In addition to the information provided in Item 4 – Advisory Business, this section provides additional details
regarding BCA’s services along with descriptions of each service’s fees and compensation arrangements. Each
Client shall sign one or more agreements that detail the responsibilities of BCA and the Client. The exact fees each
Client pays and other terms will be outlined in the agreement between Client and BCA.
                                              Bay Colony Advisory Group, Inc.
                                   86 Baker Avenue Extension, Suite 310, Concord, MA 01742
                                         Phone: (978) 369-7200 * Fax: (617) 249-1807
                                                 www.baycolonyadvisors.com

BCA allows its IARs to set advisory fees within ranges provided by BCA. As a result, your IAR can charge more
or less for the same service than another IARs associated with BCA.

A. Fees for Advisory Services

Investment Management Services

Investment advisory fees are paid quarterly, in advance of each calendar quarter, pursuant to the terms of the
investment advisory agreement. Investment advisory fees are based on the market value of assets under
management at the prior quarter.

The annual advisory fee will range between 0.65% and 1.85%. Each advisor has the authority and discretion to
price their advisory services within this range, therefore, the annual advisory fee, the frequency of the advisory
fee and the structure of the advisory fee (tiered fee schedule or flat fee) will fluctuate from advisor to advisor and
from client to client. Accounts under the same household may be aggregated for a discounted fee.

Advisory fees charged for investment management services are negotiable based on the IAR providing the
services, the type of client, the complexity of the client's situation, the composition of the client's account (i.e.,
equities, mutual funds, complex products, fixed income), the potential for additional account deposits, the
relationship of the client with the IAR and the total amount of assets under management (high net worth or ultra
high net worth clients. Family members and employees of BCA receive a discounted fee for our advisory services.

The investment management fee in the first quarter of service is prorated from the inception date of the account[s]
to the end of the first quarter. Fees are negotiable at the sole discretion of the Advisor. The Client’s fees will take
into consideration the aggregate assets under management with Advisor. All securities held in accounts managed
by BCA will be independently valued by the Custodian. BCA will not have the authority or responsibility to value
portfolio securities.

Use of BCA Model Portfolios

BCA will be paid an annual fee of 25 Basis Points (.25%) on the assets being managed in each BCA Model
Portfolio. Fees are paid quarterly, in advance of each calendar quarter, pursuant to the terms of the investment
advisory agreement. For any partial period, fees will be appropriately pro-rated based on the number of calendar
days in the partial quarter and charged at the next billing period.

BCA will consider a client’s risk tolerance, investment objectives and goals, time horizon, account restrictions,
personal circumstances and overall financial situation prior to recommending a BCA Model Portfolio.

Each Model Portfolio is designed to meet specific goals and objectives. Additionally, you have the opportunity to
place reasonable restrictions on the types of investments to be held in the portfolio.

The allocation percentages for alternative investments can vary widely depending on factors such as risk
tolerance, investment goals, and market conditions. However, here are some general guidelines based on
different investor categories:

    1. Mass Affluent Investors: Mass affluent investors typically have investable assets ranging from
       $100,000 to $1 million. Their allocation to alternative investments might be relatively modest, often
       ranging from 5% to 15% of their overall investment portfolio. This allocation could include assets such as
       real estate investment trusts (REITs), commodities, or alternative mutual funds.
    2. Accredited Investors: Accredited investors are individuals or entities that meet certain income or net
       worth criteria defined by securities regulations. They typically have more substantial resources than
       mass affluent investors. Accredited investors might allocate a larger portion of their portfolio to
                                             Bay Colony Advisory Group, Inc.
                                  86 Baker Avenue Extension, Suite 310, Concord, MA 01742
                                        Phone: (978) 369-7200 * Fax: (617) 249-1807
                                                www.baycolonyadvisors.com

       alternatives, often ranging from 10% to 30%. This allocation may include private equity, hedge funds,
       venture capital, or direct investments in private companies.
    3. Qualified Purchasers: Qualified purchasers are a subset of accredited investors who meet higher
       thresholds for investments in certain private funds. They generally have even larger investable assets.
       For qualified purchasers, alternative investments can represent a significant portion of their portfolio,
       often ranging from 20% to 50% or more. This allocation might include a broader range of alternative
       assets such as private equity, hedge funds, real estate partnerships, and other private investment
       vehicles.

Clients must also meet the definition of accredited investor (average yearly income over $200,000 or $300,000
with spouse or partner for last two years or has a net worth exceeding $1 million) or qualified client (at least
$1,100,000 under management with BCA or have a net worth (excluding the client’s primary residence) in excess
of $2,200,000),
...

Item 7 – Types of Clients
BCA provides investment advisory services to individuals, high net worth individuals, trusts, estates, retirement
plans, charitable organizations, and businesses . This information may change over time and is updated at least
annually by BCA. BCA generally requires a relationship size of $250,000, however, the minimum relationship
size may be reduced at the discretion of BCA, expecially for legacy assets or accounts .
Your Sub-Adviser or other third-party manager may have a minimum fee or account value, which will be stated in
their ADV Part 2A Firm Brochure.