Baystate Wealth Management LLC

Item 5-Fees and Compensation

The specific manner in which our fees are charged is established in the Agreement. The Client can
determine whether to engage MMAS to provide discretionary and/or non-discretionary investment
advisory services on a wrap or non-wrap fee basis.

The fees charged to the Client for portfolio management are negotiable and subject to the written
agreement of the Client in the advisory agreement. Program Fees may not exceed 1.85% or 185
basis points of the assets under management. The total management fee varies depending upon
various objective and subjective factors, including the amount of assets to be invested, the
complexity of the engagement, the anticipated number of meetings and servicing needs, whether
related accounts are involved, anticipated future earning capacity, anticipated future additional
assets, dollar amount of assets to be managed, related accounts, account composition, complexity
of the engagement, anticipated services to be rendered, grandfathered fee schedules, associates and
family members, courtesy accounts, competition, negotiations with Client, etc. Thus, similar
Clients could pay different fees, which will correspondingly impact a Client’s net Program Account
performance.

MMAS does not manage accounts differently depending on the type of fee (Advisory Fee One or
Advisory Fee Plus). Please see separate Wrap Fee Program Brochure for more information on
how fees are charged, collected and allocated pursuant to the “Advisory Fee One” arrangement
under the MMAS Wrap Fee Program.

The management fees paid by Clients are divided between MMAS, MMLIS and the IAR. The IAR
receives a separate and additional fee determined by his/her/its applicable grid rate set by MMLIS
for his/her/its ongoing advisory services. The grid rate does not impact what the Client pays, but it
does affect how the IARs are paid. MMAS receives any residual fee not paid to the IAR and
MMLIS. Thus, the Client’s total management fee is a combination of both MMAS investment
management fee, MMLIS’ administrative fee, and the IAR’s service/advisory fee. From the fees
received on Program Accounts, MMAS pays a fee to MMLIS for operational compliance,
marketing, and sales support equal to 4 basis points. The total management fee is determined by
the IAR (within a fee range not to exceed 185 basis points or 1.85%).

Since MMAS and the IAR receive a portion of the total management fee charged to the Client, a
conflict of interest arises, because the higher the fee paid by the Client, the higher the compensation
received by the IAR and by MMAS. In addition, MMAS pays a fee to MMLIS for access to
MMLIS’ platform. This payment to MMLIS does not affect the fee paid by the Client for investment
advisory services. MMAS will always act in the Client’s best interest.

The first payment for the Program Fee is prorated to cover the period from the date the Program
Account is opened and funded through the end of the current calendar quarter. Fees are debited
directly from the Client’s Program Account, based on the fee schedule in the advisory agreement.
Thereafter, the quarterly Program Account Fee will be paid at the beginning of each calendar

                                              Mariner Managed Account Solutions, LLC - Form ADV Part 2A
                                                                                             July 1, 2026

quarter and the fee will be based on the fair market value of the assets in the Program Account on
the last business day of the preceding calendar quarter as calculated by the Custodian.

Through MMAS, the Client authorizes the Custodian to deduct the Program Fee and other charges
from cash assets held in the Program Account. Therefore, the Client should maintain a suitable
percentage of the Program Account in cash to pay for fees and charges under the Program. If the
Program Account does not have enough cash to pay for the advisory and/or brokerage fees and
charges, the Firm instructs the Custodian to sell any Program Account assets the Custodian deems
appropriate to make such cash available even if the Client did not grant Discretionary Trading by
executing a Discretionary Engagement Letter. In such cases, the Client may face a taxable event,
to which capital gains (or other) taxes may apply. For certain accounts, specific security exclusions
from billing may be negotiated with the Client.

The Client authorizes the Custodian to deduct all applicable fees and costs from the Client’s
Program Account, and all such fees and costs will be clearly noted on the statements provided to
the Client no less than quarterly by MMAS and/or the Custodian.

Factors Bearing on Advisory Fee One Verses Advisory Fee Plus

A number of factors have a bearing on the issue of whether the fee under Advisory Fee One or
“wrap fee” would be higher or lower than the total fees and costs the Client would pay if the Client
opted to pay for the transactional costs from the assets under management in the portfolio (Advisory
Fee Plus). The number, amount and types of trades undertaken in the portfolio on a quarterly and
yearly basis will have a direct impact. Under Advisory Fee One, the transactional costs are paid for
from the total investment management fee charged, whereas under Advisory Fee Plus, the Client
pays for the transactional costs. If the number, amount, and types of trades are increased, the
transactional costs may increase (assuming the Custodian charges a transaction cost for the
purchase or sale of the particular security). Depending on the amount of wrap fee charged on the
Program Account, these transactional costs could be a significant portion of the wrap fee charged
and thus reduce the overall compensation received by the IAR(s) and MMAS. By contrast, if the
number, amount, and types of trades are kept to a relatively low number, then it is likely that the
wrap fee charged would exceed the total of the investment management fee (particularly if the
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Item 7-Types of Clients

We generally provide investment advice to the following types of Clients:

   •   Individuals (including high net worth individuals)
   •   Corporate pension and profit-sharing plans
   •   Trusts, estates, or charitable organizations
   •   Closely held or family businesses
   •   Corporations or business entities other than those listed above
   •   Persons or entities involved in professional and non-professional athletics, including
       athletes