Branson Fowlkes & Co Inc

Fees and Compensation
   Description
        BFCO bases its fees on a percentage of assets under management, hourly charges, or fixed fees.
        Some Financial Planning Retainer Agreements may be priced based on the complexity of
        work, especially when asset management is not the most significant part of the relationship.
        Financial plans are priced according to the degree of complexity associated with the client’s
        situation.
        In some cases fees are negotiable.

   Fee Billing
        Investment Advisory fees are generally charged quarterly in advance. In some cases fees will
        be charged quarterly in arrears. The individual client advisory agreement will disclose how and
        when the fees are charged. Fees are deducted directly from investment management accounts
        based on authorization established at the accounts inception. Fees that are charged and deducted
        will be reflected on the custodians account statements provided directly to the client.
        Fees for financial plans are generally billed 50% in advance upon the acceptance of the
        Financial Planning Agreement, with the balance due within 30 days.

                     Branson, Fowlkes & Company, Inc.

                  Branson, Fowlkes & Company, Inc.
                                                                 Disclosure Brochure March 31, 2026

Other Fees
    In most cases BFCO avoids transaction fees for the trading of the majority of mutual funds and
    exchange traded funds utilized in client accounts. Our primary custodian, Fidelity Investments,
    offers over 3,400 mutual funds from 100’s of fund companies and several exchanged traded
    index funds with no transaction fee. We refer to these funds as No Load/No Transaction Fee
    funds and in many cases these satisfy the needs for client portfolios.
    In cases where we utilize securities that are not offered with No Load/No Transaction Fees
    custodians may charge transaction fees often referred to as commissions on the purchases or
    sales of certain securities including individual stocks, bonds, mutual funds and exchange-traded
    funds. These transaction charges are disclosed on the trade confirmations and account
    statements, are negotiated regularly and usually are small and incidental to the purchase or sale
    of a security.
    Additionally, some mutual fund companies, and/or custodians charge an early redemption fee
    for shares that are purchased and sold in a time period that is shorter than specified.
    When buying or selling individual stocks there are also fees of a few pennies per transaction
    that are referred to as a SEC fee. The SEC does not impose or set any of the brokerage fees that
    investors must pay. Instead, under Section 31 of the Securities Exchange Act of 1934, self-
    regulatory organizations (SROs) -- such as the Financial Industry Regulatory Authority
    (FINRA) and all of the national securities exchanges (including the New York Stock Exchange)
    -- must pay transaction fees to the SEC based on the volume of securities that are sold on their
    markets. These fees recover the costs incurred by the government, including the SEC, for
    supervising and regulating the securities markets and securities professionals.
    BFCO is very aware of all fees and transaction charges that may be charged to a clients account
    and takes that into consideration when managing an account. BFCO does not receive any
    compensation from any of the transaction fees referred to in this section.

Expense Ratios
    Both Open and Closed End Mutual funds, Exchange Traded Funds, and Fixed and Variable
    annuities have expenses which are paid internally by the various funds. The expenses include
    the funds management fee for investment services, custodial expenses, and transaction charges.
    These fees are referred to as the expense ratio (i.e. an expense ratio of 0.50 means that the
    mutual fund company’s costs to operate the fund are 0.5% of the funds assets). These fees are
    in addition to the fees paid by you to BFCO. These additional fees are disclosed by prospectus
    issued by the investment product sponsors. Performance figures quoted by mutual fund
    companies in various publications are after their fees have been deducted.

Past Due Accounts and Termination of Agreement
    BFCO reserves the right to stop work on any account that is more than 30 days overdue. In
    addition, BFCO reserves the right to terminate any financial planning engagement where a
    client has willfully concealed or has refused to provide pertinent information about financial
    situations when necessary and appropriate, in BFCO’s judgment, to providing proper financial
    advice.

                 Branson, Fowlkes & Company, Inc.

                      Branson, Fowlkes & Company, Inc.
                                                                     Disclosure Brochure March 31, 2026

Types of Clients
    Description
        BFCO provides financial planning and investment advisory services to families, individuals,
        businesses, charitable and private trusts and company sponsored retirement plans. Client
        relationships vary in scope from a single area like investment management to a more
        comprehensive relationship involving more than one area of financial advice. The length of
        service can vary from an on-going relationship (i.e. investment management) to a single task
        (i.e. update estate plan).

    Account Minimums
        The minimum account size is $ 250,000.00 of assets under management, which equates to an
        annual fee of $ 2,500.00.
        BFCO has the discretion to waive the account minimum. Accounts of less than $ 250,000.00
        may be set up when the client and the advisor anticipate the client will add additional funds to
        the accounts bringing the total to $250,000.00 within a reasonable time. Other exceptions will
        apply to employees of BFCO and their relatives, or relatives of existing clients.

Methods of Analysis, Investment Strategies and Risk of Loss