BMO Family Office LLC

Item 5 Fees and Compensation
Discretionary Investment Management Fees
Our discretionary management fees are typically based on the market value of assets under
management. We invoice discretionary management fees on either a retainer or percentage-of-
assets basis. For retainers, our fees and payment terms are negotiated. Retainers are typically
invoiced either monthly or quarterly either in advance or arrears. Percentage-of-assets fees are
typically paid quarterly in arrears.
In general, our minimum discretionary investment management account size is $50 million with
a corresponding annual minimum fee of $250,000. We may waive our minimum account size or
fee. Our standard fees are negotiable. We may modify our fees based on several factors,
including the scope and scale of services; the complexity of the client relationship; the number,
nature, and size of accounts; and the portfolio asset types. Certain existing clients may have fee
schedules which are no longer offered.
 Annual Percent (%) Incremental Assets             Total AUM       Total Fee Effective %
 0.60%     for first        $30,000,000        $30,000,000        $180,000     0.60%
 0.40%     for next         $20,000,000        $50,000,000        $260,000     0.52%
 0.30%     for next         $50,000,000        $100,000,000       $410,000     0.41%
 0.25%     for next        $100,000,000        $200,000,000       $660,000     0.33%
 0.20%     for next        $100,000,000        $300,000,000       $860,000     0.29%
 0.15%     for next        $100,000,000        $400,000,000      $1,010,000 0.25%
 0.10%     for next        $100,000,000        $500,000,000      $1,110,000 0.22%
 0.05%     for next        $250,000,000        $750,000,000      $1,235,000 0.16%
 0.03%     for next        $250,000,000       $1,000,000,000     $1,310,000 0.13%

If a client terminates its investment management agreement with us during a month or quarter
in which the client has paid fees in advance, the client receives a pro rata refund of the fees
paid for that period.
Clients may elect to have their portfolios debited directly for fees incurred or receive invoices. If
a client requests that we send our invoices to their custodian, we send our invoices to the
custodian with a copy to the client.
Non-Discretionary Investment Advisory Fees
Our non-discretionary advisory fees are based on numerous factors, including the scope and
scale of services; the complexity of the client relationship and investment structure; the
number, nature, and size of accounts; and the frequency of client meetings.
We invoice non-discretionary investment advisory fees on either a retainer or percentage-of-
assets basis. For retainers, our fees and payment terms are negotiated. Retainers are typically
invoiced either monthly or quarterly either in advance or arrears. For percentage-of-assets fees,
the applicable percentage is negotiated but typically does not exceed 1.5% of assets under
advisement. In addition to the advisory fee, we may invoice clients for travel or other out-of-
pocket expenses.
If a client terminates its investment advisory agreement with us during a month or quarter in
which the client has paid fees in advance, the client receives a pro rata refund of the fees paid
for that period.
Clients may elect to have their portfolios debited directly for fees incurred or have an invoice
mailed directly to them. If a client requests, we send our invoices to their custodian, we send
our invoices to the custodian with a copy to the client.
In general, our minimum non-discretionary investment advisory account size is $100 million
with a corresponding annual minimum fee of $250,000. We may waive minimum account sizes
and fees.
Limited Mandate and Consulting Services
Fees for limited mandates or consulting services are based on several factors, including the
scope, scale, timeframe, and complexity of the engagement. Fees are negotiated and may
include a one-time fee, ongoing retainer, or ongoing asset-based fee. Retainers are paid either
monthly or quarterly, either in advance or arrears. Percentage-of-asset fees are paid either
monthly or quarterly in arrears.
Fees for investment reporting services, exclusive of our investment management or advisory
services, are primarily based on the scope and complexity of the reporting requirements. Fees
are typically based on a retainer amount negotiated with the client.
Other Fee Information
For new clients, fees are typically based on estimated asset values until we receive sufficient
information to determine actual market values. When actual market values become available,

the applicable annual percentage rate is determined quarterly based on the average of the
market value of the client accounts on the last calendar day of each calendar month during the
applicable quarter. Invoices are typically paid quarterly, either in advance or arrears.
For quarterly fees, we assess each quarter one fourth the annual percentage rate set forth in
the client’s fee schedule.
We receive no fees or compensation from non-clients, including investment or fund managers,
when we recommend a particular manager or investment.
Investment Manager Fees: Fees paid to us for management or advisory services are exclusive of
fees or expenses charged by investment managers, funds, or partnerships in a client’s portfolio.
Each investment’s organizational and offering documents describe the fees or expenses
incurred by investors. Generally, investment fund fees include a management fee, other fund
expenses, and potentially a distribution fee. Certain investment funds may impose an initial or
deferred sales charge. In addition, alternative investment managers typically charge incentive
or performance-based fees.
We negotiate fee discounts for our clients with some investment fund managers. Fee discounts
are passed through to and benefit clients. Neither we nor any of our supervised persons receive
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Item 7 Types of Clients
Our typical clients are:
    •   individuals and families with a net worth of $100 million or more, or investable assets of
        $50 million or more,
    •   single or multi-family offices,
    •   private foundations,
    •   endowments, or
    •   pooled investment vehicles.
We may engage clients not listed above and we may waive minimum account requirements.