Bradley Foster & Sargent Inc

Item 5: Fees and Compensation
We are primarily compensated for our investment advisory services based on a percentage of the

Form ADV: Part 2A                                                                          Page | 4

 assets under our management. Investment management fees are billed quarterly in arrears. The
 amount billed is calculated based on the valuation of the cash and securities in a client’s portfolio
 as of the last business day of March, June, September, and December. We have clients that pay a
 flat fee to Bradley Foster and Sargent to perform portfolio reviews and provide buy and sell
 recommendations.

 Our standard fee schedule is as follows:

We assess fees quarterly as follows:
          1% annual rate of the first $2 million of assets under management,
          .75% of the next $3 million, and
          .50% of the remaining balance.
 Fees will be pro-rated for accounts that are opened or closed other than on the first day of a
 quarter; fees may be pro-rated if a large deposit is made other than on the first day of a quarter,
 depending on the timing of the deposit.

 Fees, including minimum annual fees, are negotiable for individually managed accounts.

 Clients may cancel investment management contracts with us at any time with pro-rata fees due
 upon cancellation.
 A custodian is usually a bank or brokerage firm that has custody of a client’s assets, collects
 interest and dividends, and settles security trades. For approximately 89% of our clients, we are
 authorized to deduct our investment management fee directly from the client’s custodial account.
 In these cases, we also forward the confirming invoice to the client. We send an invoice directly to
 the client for the remaining 11% of our clients. Clients may choose either method of billing. (See

Types of Clients

As of December 31, 2024, we provided investment advisory services to approximately 1,944
clients (comprising 4,968 accounts), including the BFS Equity Fund and the Crystal Partners
Fund. More than 50% of our clients are high-net-worth individuals. High net-worth individuals
typically have investable assets, including trusts, estates, 401(k) plans, and IRAs of their own
and their family members, over $1 million.

Additionally, we provide investment advisory services to trusts, estates, bank trust departments,
401(k) plans, and separate accounts for participants in 401(k) plans, pension, and profit-sharing
plans (other than plan participants), charitable organizations, corporations, limited partnerships,
and an investment company. These clients total less than 10% of our total clients.

Account Requirements

Clients referred to us through the Fidelity Wealth Advisor Solutions Program (the “Fidelity WAS
Program”), have a stated minimum account size of $500,000.

The Crystal Partners Fund is offered in the United States to accredited investors as defined under
Regulation D under the Securities Act.

The Crystal Partners Fund has a minimum subscription amount of $100,000 and the BFS Equity
Fund has a minimum initial investment amount of $1,000.

We have the discretion to waive or reduce the minimum account requirements for both our
individual accounts and our pooled investment vehicles.