Item 5 Fees and Compensation
A. & B. Method of Compensation and Fee Schedule and Client Payment of Fees
Financial Planning and Asset Management
Financial planning and asset management services will be provided by Bay Street’s Investment Advisors for
individuals and families. There are no account minimums. Our standard advisory fee is calculated as follows.
For clients that participate in the asset management services, pursuant to an investment advisory contract signed
by each client, the client will pay Bay Street a monthly management fee, payable in arrears, based on the value of
portfolio assets of the account on the last business day of the month; alternatively, in the case of an Institution, the
fee will be charged on the value of the Plan assets on the last business day of the month.
Comprehensive Financial Planning & Wealth Management
<$50k AUM $50k-$100k AUM $100k-$200k AUM >$200k AUM
$0-75k salary $1000 fee 2% 2% 2%
$75k-150 salary $1000 fee 2% 2% 2%
$150k-200k salary $2000 fee $2000 fee 2% 2%
$200k+ salary $4000 fee $4000 fee $4000 fee 2%
Assets Under Management Maximum Annual Fee (%)
$3,000,000 - 10,000,000 1.00%
$10,000,000 - $20,000,000 .75%
$30,000,000+ .50%
For accounts under $200,000 of public equities, our financial planning would typically cover services such as equity
awards (ISO, NSO, RSU, etc.) real estate, and private equity for institutional investors that have high income and/or
equity awards.
For accounts under $200,000 of public equities that do not have equity awards, our financial planning would cover
goal setting, retirement planning, budgeting, and establishing healthy investment habits. In these cases, the annual
fee is negotiable if both the client and Bay Street decide to work together.
Hourly Fee (Optional):
Clients have the option to receive financial consulting advice provided based on an hourly fee rather than based on
the assets under management. The Advisors hourly fee will be billed at a rate of $500 per hour and will be negotiated
and agreed upon by the parties in advance. The fee will be based upon the anticipated number of hours it will
take to complete the project. Bay Street will provide an invoice to the client, in advance, outlining the anticipated
number of hours and cost to complete the project.
This invoice is payable upon project completion. If the client terminates the Agreement with the Advisor prior to the
Advisor's completion of the project, any fees due to the Advisor for work completed will be invoiced to the
client and payable within 5 days of delivery of the invoice. If the Advisor completes the project in less time than
originally planned, the Advisor will amend the invoice to reflect the number of hours and cost to complete the project.
The invoice provided by Bay Street to the client is payable upon project completion. If the invoice is not paid on
project completion, it is due and payable within 5 days of receipt of the invoice.
For each of the Advisor's services described above, the client can terminate these services within five business days
of the effective date of an Agreement signed with the Advisor without any payment of the Advisor's fee.
*** NOTICE TO CALIFORNIA CLIENTS ***
Pursuant to the California Code of Regulations Subsection (j) of Rule 260.238, Advisor discloses that the Client may
receive lower fees from other sources for comparable services.
C. ADDITIONAL CLIENT FEES CHARGED
All fees paid to Bay Street for investment advisory services are separate and distinct from the expenses charged by
mutual funds to their shareholders. These fees and expenses are described in each fund’s prospectus. These fees
will generally include a management fee and other fund expenses.
When investing in special purpose vehicles (SPV), Bay Street will maintain custody of a client’s cash. At no
time will Bay Street maintain custody of a client’s securities except for authorized fee deduction. Client is
responsible for all custodial, securities and brokerage execution fees charged by the custodian and executing broker-
dealer. The Advisors fee is separate and distinct from the custodian and execution fees. See Item 12 Brokerage
Practices, for further information of brokerage and transaction costs.
D. PREPAYMENT OF CLIENT FEES
Bay Street’s fees are paid in arrears, therefore this question is not applicable.
E. EXTERNAL COMPENSATION FOR THE SALE OF SECURITIES TO CLIENTS
Mr. William L. Huston, Jr. is a licensed insurance agent. In that capacity, he may receive commissions for the sale
of insurance products. For more information, see Item 10. Mr. Huston will not receive compensation for the sale of
securities