Blue Chip Partners LLC

Item 5 – Fees and Compensation
Description
        Comprehensive Investment Management Fees
        Comprehensive Investment Management Fees cover investment management and financial
        planning services. Comprehensive Investment Management Fees are asset-based and vary
        dependent on the type of account, size of the account and level of service provided. Fees
        generally will not exceed 1.25% of assets and are negotiable. In addition to Investment
        Management fees, you may incur brokerage, transaction or other costs charged by your
        custodian (see the section titled “Other Fees”). Blue Chip Partners does not receive any
        portion of these fees.
        Generally, all accounts within a client household will be aggregated for billing purposes and
        billed at the same rate, in accordance with the terms of the client Investment Management
        Agreement. A client household typically includes immediate family members. In some cases,
        certain account types within a client household will be subject to a separate Investment
        Management Agreement and billed at a different (typically lower) rate than other account
        types within the client household. For example, 529 plan accounts, employer retirement
        accounts, and fee-based variable annuity accounts are often billed at a lower rate than other

                                     Blue Chip Partners, LLC

         account types. In cases where the main household accounts are subject to a tiered fee
         schedule, these particular accounts will be excluded from overall household asset levels for
         purposes of calculating breakpoints.
         Blue Chip Partners, in its sole discretion, may charge a lesser investment management fee
         based upon certain criteria (e.g., historical relationship, type of assets, anticipated future
         earning capacity, anticipated future additional assets, dollar amounts of assets to be
         managed, related accounts, account composition, negotiations with you, etc.).
         Standalone Financial Planning Fees
         Financial Planning fees are charged on a fixed-fee basis, with fees generally ranging from
         $2,500 to $10,000, depending on the breadth of services provided and the complexity of the
         client’s situation. Before commencing financial planning services, the client must enter into an
         agreement outlining the fees that will be charged.

Fee Billing
         Billing for Investment Management Services
         Investment management fees are billed quarterly, in advance or arrears, as noted in your
         Investment Management Agreement, and are based upon the billable asset value of your
         account at the end of each quarter. Advance billing means that you are invoiced at the
         beginning of the three-month billing period, calculated on the prior quarter-end value of the
         billable assets in your account. Arrears billing means that you are invoiced after the three-
         month billing period has ended, based on the quarter-end value of the billable assets in your
         account. Fees will be prorated for partial periods. In the case of advance billing agreements,
         the initial fee will be calculated from the date of the Investment Management Agreement, or
         when the account is funded, to the end of the quarter. Thereafter, the quarterly asset-based
         fee paid in advance is based on the account asset value on the last business day of the
         previous calendar quarter. If a new account is funded with multiple deposits, the funded date
         will generally be determined to be the last of the initial deposit dates. In some cases, the
         funded date will be considered to be the date investments in the account are reallocated,
         which may be later than the initial deposit date(s). Blue Chip Partners reserves the right to
         waive fees for partial periods.
         Other than for a new account opening or an existing account being closed, Blue Chip
         Partners will not adjust fees for additions to or withdrawals from the Account(s) during a
         quarter.
         IMPORTANT NOTE: For clients who entered into an Investment Management Agreement
         (IMA) with Blue Chip Partners prior to March 22, 2019, the IMA contains language that
         reserves Blue Chip Partners’ right to charge a pro-rata fee on additional assets received into
         an account after it is opened and substantially funded, or to issue a prorated refund or credit
         of fees on partial withdrawals of assets from an account. In practice, Blue Chip Partners has
         not billed client accounts for such additions or withdrawals and has no plans to do so in the
         future. Client Investment Management Agreements entered into after March 22, 2019 will not
         contain this language.
         Clients generally provide Blue Chip Partners with the authority to directly debit their accounts
         for payment of the investment management fees. If necessary, the Firm may liquidate
         investments in the account(s) in order to pay the fees. The custodian for client accounts, from
         which the Firm retains the authority to directly deduct fees, have agreed to send statements
         to clients not less than quarterly detailing all account transactions, and the amount of our fees
         deducted from your account(s) will be shown on your periodic account statements from the

                                      Blue Chip Partners, LLC

          custodian. You may terminate this fee deduction authorization at any time by giving us and
          the custodian written notice.
          You must consent in advance to direct debiting of your investment accounts. Fee payments
          for tax-qualified accounts, such as Roth IRAs, may be deducted from taxable accounts with
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Item 7 - Types of Clients
Description
         Blue Chip Partners generally provides investment advice to high net worth individuals,
         individuals, trusts, estates, corporations or business entities, charitable funds, and pension
         and profit sharing plans.
         Client relationships vary in scope and length of service.

Account Minimums
         As a condition for starting and maintaining an investment management relationship, Blue
         Chip Partners generally imposes a minimum portfolio value of $500,000. Blue Chip Partners
         may, in its sole discretion, accept clients with smaller portfolios based upon certain criteria,
         including anticipated future earning capacity, anticipated future additional assets, dollar
         amount of assets to be managed, related accounts, account composition, pre-existing client,
         account retention, and pro bono activities. Blue Chip Partners will consider accepting clients
         with less than the minimum portfolio size depending on a variety of factors, including the
         client’s individual risks and circumstances. Blue Chip Partners may aggregate the portfolios
         of family members to meet the minimum portfolio size. Other exceptions will apply to
         employees of Blue Chip Partners and their relatives, or relatives of existing clients.

                                      Blue Chip Partners, LLC