BOK Financial Private Wealth Inc

Item 5: Fees and Compensation
Investment management services are available on a discretionary basis; though non-discretionary
accounts may be accepted on a case-by-case basis. The Firm calculates its investment management
fees as a percentage of total assets under management. Ongoing account management fees are
typically prorated and paid quarterly in arrears, based upon the average daily balance of the assets
during the preceding calendar quarter, not to exceed 1.00% per annum with breakpoints applying
to relationships exceeding $1 million; when the Firm acts as sub-adviser to a PPLI program
administrator according to a sub advisory agreement, fees are paid quarterly in arrears based on
the account’s quarter-end balance. Firm’s fees may be negotiable at Firm’s discretion.

For advisory services offered for fees based upon a percentage of assets under management, the
Master Services Agreement authorizes the Firm, through Financial Institution(s), to deduct fees
from the client’s assets for the Firm’s fee and to directly remit that management fee to the Firm in
accordance with applicable custody rules. Financial Institution(s) shall include, but are not limited
to, any custodian or broker-dealer recommended by the Firm, custodian or broker-dealer directed
by the client, trust companies, separate account managers, banks, etc. The Financial Institution(s)
recommended by the Firm have agreed to provide a statement to the client, at least quarterly,
indicating all amounts disbursed from the account including the amount of management fees paid
directly to the Firm.

With the exception of any wrap fee program, the management fee is exclusive of, and in addition
to, brokerage commissions, transaction fees, custodian fees, mutual fund expenses, separately
managed account (SMA) fees and other related costs, which shall be incurred by the client. The
Firm shall not receive any portion of these commissions, fees, and costs. Please see Item 12 for
more information on brokerage practices

For the initial quarter that investment management services are rendered, the management fee shall
be calculated on a pro-rata basis. The Master Services Agreement between the Firm and the client
will continue in effect until terminated by either party pursuant to the terms of the Master Services
Agreement. The Firm’s fee shall be prorated through the date of termination based on the number
of days in the calendar quarter during which the Master Services Agreement was in effect.

Wealth Advisory and Financial Planning Services
Financial planning services are available to clients with an existing investment advisory account
generally at no additional charge as part of the Firm’s suite of services. Wealth Advisory Service
consulting fees are based on the nature and level of services required. Mutually agreed upon fees
may be fixed or hourly. Clients using only the Firm’s wealth advisory or financial planning
services will typically pay an initial upfront fee and an annual recurring fee for ongoing services
provided. Clients utilizing the Firm’s investment management services with enhanced financial
planning requirements under a separate Financial Planning Agreement will typically pay quarterly
financial planning fees in arrears.

Specialized Investment Management & Research Services
Mutually agreed upon fees may be fixed or hourly and are generally based on rates varying from
$200-$500 per hour. Fees are usually billed each quarter and not more than six months in advance
of services provided.

Account Aggregation Service
As a part of its Wealth Advisory Services, the Firm offers account aggregation services to
consolidate client assets held at unaffiliated financial institutions; which provides the Firm and its
clients with a more comprehensive understanding of a clients’ net worth. The Firm may charge a
fee for this service, billed quarterly in arrears. The amount of the fee depends on the complexity
of the clients’ requirements.

Sub-Advisor Fees
Sub-Advisor fees will vary based on the chosen Sub-Advisor. The annual management fee will be
based on the amount of assets managed by the Sub-Advisor and charged quarterly. The fees will
be paid according to the management agreement of the chosen Sub-Advisor and all fees will be
payable directly to the Sub-Advisor

The Firm engages Cavanal Hill Investment Management, Inc., (“CHIM”), an affiliate of the Firm,
to provide sub-advisory services to limited Firm clients. Firm clients will not pay any additional
CHIM advisory fees under the arrangement.

The client may terminate the management agreement with the Sub-Advisor based on the terms of
the agreement and any unearned fees will be refunded or credited against amounts due.

Fee Deductions
Ongoing account management fees are generally payable quarterly in arrears, based on the average
daily balance of the assets during the preceding calendar quarter. Account management fees are
directly deducted from client account on a quarterly basis unless alternative arrangements are

agreed upon between the Firm and the client.

At the Firm’s discretion, special fee arrangements may be negotiated for family groups, whereby
various accounts are bundled to meet asset level fee breakpoints. Existing clients are subject to
advisory fees in effect at the time they enter into the advisory relationship with the Firm.
Therefore, fee rates may differ among clients.

The Firm’s accounting, reporting, and billing systems use pricing information provided by various
sources including client custodians. However, the Firm primarily uses prices provided by Charles
Schwab & Co, Inc. (“Schwab”). This information is used to report valuations, calculate
performance returns for client portfolios and to assess management fees. Because the Firm uses
different pricing sources, the Firm’s statements may have slightly different prices as those
provided by the account’s custodian for certain securities such as municipal bonds, some corporate
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Item 7: Types of Clients
The Firm may manage assets for a broad and diverse client base that could include individuals,

corporations, trusts, foundations, institutional clients, families, pension plans, profit sharing plans
and similar entities.