Box Hill Private Wealth

Item 5 Fees and Compensation
Fee Schedule and Payment of Fees

Fees and other charges

Individually Managed Accounts:
Fees for individually managed accounts are tier priced as follows:

                            Account Size                        Fee (Annual percentage)
                             $0 - $5M                                   1.00%
                            $5M - $10M                                  0.75%
                              $10M +                                    0.50%

BHPW uses the average daily value of assets throughout the previous quarter in the client’s account for
purposes of determining the market value of the assets upon which the advisory fee is based.

BHPW, in its sole discretion, may negotiate to charge a lesser management fee based upon certain criteria
(e.g., anticipated future earning capacity, anticipated future additional assets, dollar amount of assets to
be managed, related accounts, account composition, pre-existing client, account retention, pro bono
activities, etc.)

All asset-based fees are deducted by the qualified custodian of record on a quarterly basis in arrears, or
as otherwise indicated in the client agreement. Client statements for prior deductions will be provided
on a quarterly basis.

All fees paid to Adviser for investment advisory services are separate and distinct from the expenses
charged by third-party managers and Investment Companies to their shareholders. These fees and
expenses are described to the client in separate disclosures. These fees will generally include third-party
management fees, an Investment Company management fee, other fund expenses, and in some situations
a possible distribution fee.

Adviser will provide investment advisory services and portfolio management services but will not
provide custodial or other administrative services. At no time will Adviser accept or maintain custody
of a client’s funds or securities except for authorized fee deduction. The Client may contact the
Custodian directly for disbursements, or account record changes, and may also do so in writing to the
custodian. Adviser may act at the client’s convenience to facilitate such written communications to the
Custodian, provided that such action is not construed to be custody of client assets.

Client is responsible for all custodial and securities execution fees charged by the custodian and
executing broker-dealer. Fees paid to Adviser are separate and distinct from the custodian and execution
fees.

Clients may request to terminate their advisory contract with Adviser, in whole or in part, by providing
advance written notice. If you terminate your portfolio management agreement. a pro-rata fee from the
beginning of the then-current fee period will be charged to your account after the date of effectiveness
of such termination. Client’s advisory agreement with the Advisor is non-transferable without Client’s
written approval.

Clients must authorize BHPW to have the custodian/broker-dealer pay BHPW directly by charging
Client’s account. This authorization must be provided in writing. One-twelfth of the annual fee is charged
each calendar month.

Our firm and our professionals owe a fiduciary duty to all our clients. We also serve as a fiduciary to
advisory clients that are employee benefit plans (such as profit-sharing plans or pension plans) or
individual retirement accounts (collectively, our "retirement clients") (IRAs) pursuant to ERISA or the
Internal Revenue Code ("IRC"). When acting as a fiduciary to these plans, we are subject to specific
duties and obligations under ERISA and the IRC that include among other things, restrictions concerning
certain forms of conflicted compensation. To avoid engaging in prohibited transactions, the firm only
charges fees for investment advice (i) about products for which our firm and/or our related persons do
not receive any commissions or 12b-1 fees, or (ii) about products for which our firm and/or our related
persons receive commissions or 12b-1 fees if such commission and fees are used to offset advisory fees.

Quarterly Fee Calculation, Billed in Arrears

Assets under Management X Annual Fee ÷ 4 = Quarterly Fee

Fee Deduction Disclosure

Where Adviser deducts its management fee from client accounts utilizing a qualified custodian, the
Adviser is required to meet the following requirements.

   a. Possess written authorization from the client to deduct advisory fees from an account held by a
   qualified custodian;

   b. The firm must send the qualified custodian a written invoice detailing the fee amount to be deducted
   from the client account; and,

   c. If required by jurisdiction, BHPW will concurrently provide the client a record of notice (“invoice”)
   each billing period that describes the advisory fees to be deducted from your account at our direction.
   Otherwise, BHPW shall be enabled to reasonably rely on a qualified custodian to send account
   statements quarterly to clients identifying the amount of funds and of each security in the account at
   the end of the period and setting forth all transaction in the account during that period.

Hourly Fees

Hourly fees are charged for those clients that wish to engage in a planning-only arrangement. The
negotiated hourly fee is $250. Clients may terminate the agreement without penalty, for a full refund of
BHPW’s fees, within five business days of signing the Financial Planning Agreement. Thereafter, clients
may be terminated the Financial Planning Agreement generally upon written notice. Upon termination,
any unearned fee will be refunded to the client.

Fees paid in advance will be prorated to the date of termination and the excess refunded to the client by
check as soon as practicable. Where the firm may request a fee in advance, the amount paid in advance
will not be more than $1,200 per client and 6 months in advance.

Right of Cancellation
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Item 7 Types of Clients
BHPW provides investment advice to many different types of clients. These clients generally include
individuals, high net worth individuals, charitable accounts, trusts and small businesses.

Minimum Account Size

In general, our account minimum is $1,000,000. At our discretion, we may waive this minimum account
size. For example, we may waive the minimum if you appear to have significant potential for increasing
your assets under our management. We may also combine account values for you and your minor
children, joint accounts with your spouse, and other types of related accounts to meet the stated
minimum.