Boston Family Office LLC

Item 5 – Fees and Compensation

A. Fees are calculated as a percentage of assets under management based on the market
value of the portfolio(s) at the end of the quarter and paid in arrears according to the Fee
Schedule agreed to in the client’s Investment Management Agreement.

In addition, from time to time, we are called upon to advise on matters for which an
assets-under-management based fee is not applicable (for example, settlement of estates
or portfolio review of accounts not held at the BFO), and, in these cases, we charge an
hourly rate or a fixed fee.

B. Fees are calculated and due quarterly in arrears. For accounts that use BNY Mellon or
our institutional relationship at Fidelity for custody, our fee is customarily deducted
automatically from the client’s account, but these clients can choose to be billed instead.
Clients who use other custodians are billed.

C. If the client’s assets are held at BNY Mellon or Fidelity through our institutional
relationship, there is no additional charge to the client for custody. If accounts use
another bank or brokerage firm for custody, then the custody arrangement is between the
client and the custodian and may involve fees. Clients should expect to pay the bank fees
associated with wire transfers or other processing transactions. If accounts hold shares in
mutual funds or exchange traded funds or interests in limited partnerships or private
placements, the fees charged by those managers are incurred in addition to the BFO’s fee.
If a portion of a client’s account is sub-advised by an outside manager, the client will
bear the fees charged by that manager in addition to the BFO’s fee. Clients will pay the
brokerage fees associated with transactions in their accounts (please see Item 12 below).

D. Fees for a final, partial quarter will be prorated based on when the assets are
transferred from the account and refunded if a fee has been paid in advance.

E. Neither the BFO nor any of its related persons receive compensation for the sale of
securities or other investment products.

Item 7 – Types of Clients

The BFO provides investment advisory services primarily to individuals, family groups,
trusts, and charitable organizations. In certain circumstances, the BFO will advise on
estates and pension plans.
The BFO advises clients based on their individual needs. All accounts are separately
managed. In general, $1.0 million in investable assets is required to open an account.