Beaumont Financial Advisors LLC

Item 5 – Fees and Compensation

A. Describe how you are compensated for your advisory services. Provide a fee schedule and disclose if fees
   are negotiable.

Our annual investment management fee is based upon a percentage of the market value of assets placed under
our management, including cash and cash equivalents, accrued interest and accrued dividends, and the value of
any securities held on margin unless we determine otherwise, in our sole discretion. For diversified accounts, our
typical annual management fee is up to 1% of the market value of the assets placed under our management. Non-
diversified accounts, for example a bond ladder account, will generally be charged a reduced rate, with a typical
annual investment management fee of 0.50% of the account market value.

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Our fees are negotiable and will vary depending upon objective and subjective factors, including, but not limited
to, the amount of assets to be managed, account composition, the scope and complexity of the engagement,
anticipated number of meetings and servicing needs, related accounts, who is rendering the services, and the
outcome of negotiations with the client. As a result of these factors, similarly, situated clients could pay different
fees.
Beaumont also provides financial planning and tax preparation services. Tax preparation services have been
offered to non-investment management clients and investment management clients for a standalone fee. Basic
financial planning services are typically offered to our investment management clients at no additional fee. The
cost for additional services will vary depending on the complexity of the clients’ finances and time required to
complete them. Considerations are given if Beaumont manages the clients’ investment assets. Some investment
management clients elect to “bundle” the fees for tax preparation services into the management fee.

A portion of the relationship manager’s compensation is determined by the total client assets they manage. The
more assets they manage, bring to the firm, and grow in their clients’ accounts, the more compensation they
would receive. The compensation paid to relationship managers is paid from the client’s advisory fee collected by
the firm, not an additional fee. This presents a conflict to give preferential treatment to maintain larger clients,
although internal policies, practice, and controls exist to address and discourage this from occurring. With both the
firm and the relationship managers being compensated from the fees received from assets under management, a
conflict exists as there is an incentive for Beaumont to encourage clients to increase the assets they have managed
by the firm. Alternatively, this creates an incentive for the relationship manager to appropriately invest and grow
their clients’ account assets, aligning the client’s interest with both the advisors’ and the firm’s.

For certain clients, we charge an advisory fee for services provided to held-away accounts mentioned above
(Item 4), just as we do with client accounts held at our primary custodian(s). The specific fee charged by Beaumont
is provided in the client’s investment advisory contract.

We offer clients the option of obtaining certain financial solutions from unaffiliated third-party financial
institutions through UPTIQ Treasury & Credit Solutions, LLC (together with UPTIQ, Inc. and its affiliates, “UPTIQ”)
and Flourish Financial LLC (“Flourish”). Focus Financial Partners, LLC (“Focus”) is a minority investor in UPTIQ, Inc.
UPTIQ is compensated by sharing in the revenue earned by such third-party financial institutions for serving our
clients. Although the revenue paid to UPTIQ benefits UPTIQ, Inc.’s investors, including Focus, our parent company,
no Focus affiliate will receive any compensation from UPTIQ or Flourish that is attributable to our clients’
transactions. Further information on this conflict of interest is available in Item 10 of this Brochure.

We help our clients obtain certain insurance solutions by introducing clients to our affiliate, Focus Risk Solutions,
LLC (“FRS”), a wholly owned subsidiary of our parent company, Focus Financial Partners, LLC. FRS assists our
clients with regulated insurance sales activity by advising our clients on insurance matters and placing insurance
products for them and/or referring our clients to certain third-party insurance brokers (the “Brokers”), with whom
FRS has agreements, which either separately or together with FRS place insurance products for them. FRS does not
receive any compensation from the Brokers or any other third parties for serving our clients. Additionally, in
exchange for allowing certain of the Brokers to offer their services to clients of other Focus firms, FRS receives
periodic fees (the “Platform Fees”) from such Brokers. The Platform Fees are expected to change over time. Such
Platform Fees are revenue for FRS and, ultimately, for our common parent company, Focus, but we do not share in
such revenue and no portion of the Platform Fees is attributable to our clients’ use of the Brokers’ services. Further
information on this service is available in Item 10 of this Brochure.

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B. Describe whether you deduct fees from clients’ assets or bill clients for fees incurred. Disclose if clients may
   choose which method they prefer. Explain how often clients are billed or have fees deducted.

Our advisory fees will be deducted directly from the client’s custodial account consistent with the authorization
provided by the client. The client can request an alternate form of payment such as their receiving an invoice.
Beaumont recommends, and prefers, having the ability to deduct fees directly from accounts to simplify the
recordkeeping and payment process. Wealth management clients can choose to receive a quarterly billing
notification (statement) showing the calculation used to determine their fee, or request one at any time,
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Item 7 – Types of Clients

Describe the types of clients to whom you generally provide investment advice.

Beaumont provides investment advice to many types of clients including:

     •   Individuals/families
     •   Trusts/estates
     •   IRAs
     •   Pension, profit sharing and retirement plans (i.e., defined benefit and defined contribution)
     •   Charitable organizations
     •   Corporations, non-profits, and college endowments

We generally require a minimum initial account balance of $250,000 for investment management services. In our
sole discretion, we may reduce or waive this minimum account asset level requirement or charge a different
investment advisory fee based upon certain criteria, total amount of assets managed, related accounts, account
composition, or negotiations with the client. As a result of the foregoing, similarly, situated clients could pay
different fees. In addition, similar advisory services may be available from other investment advisers for similar or
lower fees.

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