Bayntree Wealth Advisors LLC

ITEM 5: FEES AND COMPENSATION
A. Advisory Fees
Bayntree charges fees to investment management clients based on a percentage of assets under
management. The specific fees charged by the Firm for its advisory services will be outlined in
each client’s Investment Management Agreement. For discretionary investment management
clients, Advisory Fees shall typically be billed monthly, in arrears, based upon the agreed annual
percentage rate. For Lincoln Financial Group accounts, Advisory Fees shall be billed quarterly, in

Bayntree Wealth Advisors, LLC
Form ADV Part 2A

arrears, based upon the agreed annual percentage rate. The maximum annual advisory fee Bayntree
charges its clients is 1.50%.
When applying asset-based fees, the more assets a client has in an advisory account, the more the
client will typically pay in fees, and we therefore have an incentive to encourage clients to increase
the assets in their account. This incentive creates a conflict of interest. We mitigate this conflict of
interest by ensuring that our recommendations are made in a client’s best interests. Although
Bayntree believes its advisory fees are competitive, clients should be aware that lower fees for
comparable services may be available from other sources. The fees may be negotiated by the Firm
under certain circumstances, and at the sole discretion of the Firm, and will never be greater than
those listed above. There is an account minimum of $100,000, which the Firm may waive at its
sole discretion.
For some clients, fees for services provided by third party managers (“Third Party Fees”) will be
paid by Bayntree from the Advisory Fee. Fees and compensation paid to third party managers are
described in more detail in the Advisory Agreement, the third party managers Disclosure Brochure,
or, if applicable, in a separate disclosure Bayntree delivers to you describing customized pricing.
Bayntree has a financial incentive to manage clients’ accounts ourselves rather than through third-
party managers. This is because we pay third-party managers out of our annual advisory fee.
Therefore, if two clients are charged the same advisory fee but one client’s account is managed by
a third-party manager to whom we pay a fee while another is not, we receive higher “Net
Compensation” for the account that does not involve the use of a third-party manager. Similarly,
as between two accounts with the same advisory fee, an account that is managed by a third-party
manager who charges a 0.3% sub-adviser fee yields a higher Net Compensation to Bayntree than
an account whose sub-adviser charges a fee of 0.4%. In these examples, the term “Net
Compensation” means the total advisory fee less any sub-adviser or third-party manager fee. For
accounts managed without use of a third-party manager, the Net Compensation is equal to the
advisory fee. However, even in accounts managed directly by Bayntree, our advisory fee and thus
Net Compensation can vary depending on the strategy used and other factors as further explained
below.
In setting Advisory Fees, We consider the additional costs of managing the two different types of
accounts – sub-advised or non-sub-advised; these costs vary over time and are rarely equal. These
costs include the costs of personnel, some of which may be allocated to one type of management
versus the other. Some costs to us are attributable only to sub-advised accounts and not to directly
managed accounts, while other costs are attributable only to directly managed accounts and not to
sub-advised accounts. In setting advisory fees we also consider client specific factors, such as the
client’s age, investment experience, accessibility and similar factors that might make it more or
less costly to us to service the particular client. We refer to all these program-specific and client-
specific costs discussed in this paragraph as “Additional Costs.” Assuming the Additional Costs
applicable to two portfolios are equal, the one that yields a higher Net Compensation to Us is also
more profitable to Us.
The fact that our Net Compensation varies depending on the type of account we recommend
represents a conflict of interest. However, we address the conflict of interest by evaluating which
of several platforms, sub-advisers, models, programs or strategies would serve the client’s best
interests, and by seeking to set advisory fees designed to deliver a reasonable profit to Us,
considering both external and internal costs of providing investment advice to each specific client.

Bayntree Wealth Advisors, LLC
Form ADV Part 2A

Usually, we seek to charge advisory fees for accounts we manage without the use of a sub-adviser
at lower rates than the rates we would seek to charge for a similar account managed through a sub-
adviser. Because we do this, we actually receive higher Net Compensation from some sub-advised
accounts than we do from some directly managed accounts. If the total Additional Costs are the
same as between the two accounts, then the account managed through the sub-adviser is also more
profitable to us.
Because Additional Costs vary among accounts, the profitability to Us of managing accounts in
one way versus another cannot be determined solely by calculating the Net Compensation We
receive. Considering all the above factors, some of our sub-advised clients are more profitable than
some of our directly advised clients, and some of our directly advised clients are more profitable
than some of our sub-advised clients. It all depends on the client, the negotiated fee, the unique
costs of supporting that client, and the total mixture of Additional Costs and all other costs that go
into providing those services.
Advisory Fees do not include additional fees that are the responsibility of client. Variable annuities
also carry internal fees. All clients will also pay transaction fees, which are billed to the client by
the custodian. Bayntree only receives its annual management fee and does not take any part of the
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ITEM 7: TYPES OF CLIENTS
Bayntree provides investment management and financial planning services to individuals, high
net-worth individuals, pension and profit sharing plans, trusts, estates, charitable organizations,
and corporations. Bayntree generally requires a minimum of $500,000 of assets under management
for an individual account. We may waive this minimum at our sole discretion.

Bayntree Wealth Advisors, LLC
Form ADV Part 2A

There may be times when certain restrictions are requested by a client which would prevent
Bayntree from accepting or continuing to manage the client account. Bayntree reserves the right
to not accept and/or terminate management of a client’s account if it believes that the client
imposed restrictions would unnecessarily limit or prevent it from meeting and/or maintaining the
account’s overall investment strategy.