Bay Harbor Wealth Management LLC

Item 5 – Fees and Compensation
In addition to the information provided in Item 4 – Advisory Business, this section provides
additional details regarding Our Firm’s services along with descriptions of each service’s fees and
compensation arrangements. It should be noted that lower fees for comparable service may be
available from other sources. The exact fees and other terms applicable to each client will be
outlined in the agreement between the client and the Firm.

Financial Planning & Consulting Services
For clients who have entered into a Financial Planning Agreement with Our Firm, We will charge
clients on an hourly or flat fee basis for any financial planning and/or consulting services to be
provided. The total estimated fee, as well as the ultimate fee charged, will be based on the scope
and complexity of Our engagement with the client. The maximum hourly fee to be charged will
not exceed $500 per hour. Flat fees will range from $500 to $10,000. Our Firm will require a
retainer of fifty-percent (50%) of the ultimate financial planning or consulting fee at the time of
signing. The remainder of the fee will be directly billed to the client and due within thirty (30)
days of a financial plan being delivered or consultation rendered. Our Firm will not require a
retainer exceeding $1,200 when services cannot be rendered within 6 (six) months. BHWM
reserves the right to waive the financial planning fee or include financial planning services for
asset management clients in its sole discretion.

Asset Management Services
BHWM Advisory Fee

The total annual advisory fee charged by BHWM for asset management services (“Advisory Fee”
or “BHWM Advisory Fee”, as applicable) is negotiable and will be outlined in the Investment
Advisory Agreement signed by the client and Our Firm. For BHWM directly-managed accounts,
BHWM accounts managed via the AssetMark platform and AssetMark managed accounts opened
prior to June 10 of 2025 (hereinafter referred to as “Historical Accounts”), the maximum Advisory
Fee charged for these services is 1.4% of the total assets under management. For BHWM directly-
managed accounts, BHWM accounts managed via the AssetMark platform and AssetMark
managed accounts opened after June 10 of 2025 (hereinafter referred to as “Newer Accounts”),
as well as DFA managed accounts, the maximum BHWM Advisory Fee charged for these services
is 1.25% of the total assets under management. If a client’s assets are managed by a Third-Party
Adviser, the client will be provided with a copy of the chosen Third-Party Adviser ’s Form ADV
Part 2, all relevant Brochures, and the Third-Party Adviser ’s privacy policy.

Annualized BHWM Advisory Fees (or Advisory Fees for Historical Accounts) for BHWM directly-
managed accounts and DFA managed accounts are billed on a pro-rata basis quarterly in advance
based on the value of the account(s) on the last day of the previous quarter. The BHWM Advisory

Fee charged for the partial quarter in which the client’s account is established is pro-rated for the
remainder of the quarter and billed in the month following the month in which the account was
established. BHWM Advisory Fees on the amount of any deposit made during a quarter that
exceeds $1,000 are assessed in arrears, based upon the amount of the deposit and prorated to
account for the number of days remaining in the quarter following the deposit. Credits for any
withdrawal made during a quarter that exceeds $1,000 are issued in the same manner for all
accounts directly managed by BHWM without the use of a Third-Party Adviser. The $1,000
threshold is based on individual transactions, not cumulative deposits/withdrawals during a
quarter.

BHWM Advisory Fees are generally waived for accounts managed directly by BHWM with total
assets valued less than $1,000 at the time of billing.

Our receipt of an asset-based fee presents a conflict of interest. This is because the more assets
there are in the client’s account, the more the client will pay in fees. Therefore, We have an
incentive to encourage clients to increase the assets in their accounts. We address this conflict
of interest by ensuring any such recommendations are in the client’s best interest.

Third-Party Advisory Fees

For all managed by BHWM or AssetMark on the AssetMark platform, the Advisory Fee is billed
by AssetMark and the portion due to BHWM is remitted to BHWM by AssetMark, while the
portion of the Advisory Fee due to AssetMark is retained by AssetMark. AssetMark requires
clients to sign agreements specifically authorizing payment of AssetMark’s platform fees, but
even in such cases AssetMark’s platform fees are included in the Advisory Fee reflected in the
Investment Advisory Agreement.

For Newer Accounts managed by BHWM or AssetMark on the AssetMark platform, as well as DFA
managed accounts, all Third-Party Advisory Fees are separate and in addition to the BHWM
Advisory Fee. Each account is assigned a specific investment strategy and is subject to a BHWM
Advisory Fee charged by and paid to BHWM, as set forth in the Investment Advisory Agreement.
If a client account changes to a new strategy type, the BHWM Advisory Fee and Third-Party
Advisory Fee (collectively referred to as “Total Advisory Fee”) billing methodology and/or process
may also change depending on the selected strategy, as detailed in the Investment Advisory
Agreement or in the applicable addendum. Third-Party Advisory Fees apply only to those client
assets allocated to a Third-Party Adviser and/or Platform Provider.

AssetMark Platform

Annualized BHWM Advisory Fees (or Advisory Fees for Historical Accounts) and Third-Party
Advisory Fees for accounts managed by BHWM or AssetMark on the AssetMark platform are
billed quarterly in advance based on the market value of the account(s) on the last business day
of the previous quarter. The BHWM Advisory Fee and Third-Party Advisory Fees charged for the
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Item 7 – Types of Clients
BHWM generally provides investment advice to the following types of clients:

   •   Individuals

   •   High net worth individuals

   •   Trusts

Our Firm generally requires that new clients have a minimum liquid net worth of $500,000 for
Our asset management services. This minimum requirement is negotiable. Our Firm does not
generally impose any other requirements for opening and maintaining accounts or otherwise
engaging Us. Certain Third-Party Advisers recommended by BHWM may have different account
minimums, as described in those Third-Party Adviser’s respective disclosure brochures.