Burling Wealth Partners LLC

Item 5 – Fees and Compensation

The Firm principally charges advisory fees based on a percentage of the fair market value of assets under
management. Depending on the type of services provided and a client’s specific needs, the Firm may also
charge fixed or hourly fees. The specific fees applicable to a client are set forth in the applicable client
agreement.

     A. Investment Management and Financial Planning Services

Fees for Investment Management Services
The Firm charges an annual investment advisory fee, payable quarterly, pursuant to the terms of a written
investment advisory agreement with each client. The advisory fee is generally based on a tiered percentage
of the fair market value of assets under management, with a maximum fee of up to 1.25% of the fair market
value of assets under management.

Investment management fees are billed quarterly in advance, based on the value of a client’s billable assets
under management as of the last business day of the preceding calendar quarter, as reported by third‑party
custodians, pricing services, or fund administrators. For the initial billing period, advisory fees are generally
calculated on a pro rata basis and billed in arrears, based on the value of billable assets under management

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at the end of such initial period. For purposes of fee calculation, the asset value of client accounts includes
cash and cash equivalents, as well as margined securities. The Firm does not reduce advisory fees for assets
purchased using margin borrowing. As a result, the Firm has a financial incentive for clients to maintain
higher asset levels, including through the use of margin, which presents a potential conflict of interest. The
Firm seeks to address this conflict by disclosing it and by evaluating the suitability of any recommendation
regarding margin borrowing in light of a client’s circumstances.

The Firm may aggregate the assets of related client accounts, including accounts of immediate family
members sharing the same residence, for purposes of calculating advisory fees. Fee aggregation and fee
levels are subject to negotiation and are reflected in the client’s advisory agreement.

Fees for Financial Planning and Consulting Services
In certain cases, the Firm provides financial planning or consulting services on a fixed‑fee basis, which
generally ranges from $10,000 to $100,000, depending on the complexity of the client’s circumstances and
the scope of services provided. Alternatively, clients receiving financial planning or consulting services on
a standalone basis may be charged an hourly fee of up to $1,000 per hour. For clients receiving ongoing
financial planning services the annual fee is charged quarterly. Actual fees charged are clearly outlined in
the financial planning agreement and clients receive invoices reflecting the amount of the fees due and
payable.

Fees for Investment Management Services to Retirement Plans
Retirement plan advisory clients are generally charged an asset‑based advisory fee of up to 1.25%, billed
in advance based on the market value of plan assets under management as of the end of the prior calendar
quarter. Fees may be negotiated based on the size and complexity of the plan.

Notwithstanding the foregoing, Burling Wealth Partners and the client may choose to negotiate an annual
advisory fee that varies from the ranges set forth above. Factors upon which a different annual advisory fee
may be based include, but are not limited to, the size and nature of the relationship, the services rendered,
the nature and complexity of the products and investments involved and time commitments. There are
clients of Burling Wealth Partners that were clients of Burling Wealth Partners personnel while such
personnel were affiliated with another investment advisory firm. These clients’ fee schedules may vary
from the above due to such clients’ fee schedules being continued from the previous relationship.

The advisory fee charged by the Firm will apply to all of the client’s assets under management, unless
specifically excluded in the client agreement. The advisory fee may include the financial planning services
described above. Although Burling Wealth Partners believes that its fees are competitive, clients should
understand that lower fees for comparable services may be available from other sources and firms.

The investment advisory agreement between Burling Wealth Partners and the client may be terminated at
will by either Burling Wealth Partners or the client upon 30 days prior written notice. In such situations,
any pre-paid fees will be refunded based on daily pro-ration of the billed fees. Burling Wealth Partners does
not impose termination fees when the client terminates the investment advisory relationship, except when
agreed upon in advance.

     B. Payment of Fees

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The Firm generally deducts advisory fees directly from a client’s investment account(s) held at a qualified
custodian, pursuant to written authorization provided by the client. Clients are responsible for reviewing
custodial account statements to verify the accuracy of fee calculations, as custodians do not review or
validate advisory fees. A client may utilize the same procedure for financial planning or consulting fees if
the client has investment accounts held at a custodian.

In certain circumstances, the Firm may bill clients directly for advisory fees if it determines that direct
billing is appropriate. Any such billing arrangements are disclosed in the applicable client agreement.

The custodian of the client’s accounts provides each client with a statement, at least quarterly, indicating
separate line items for all amounts disbursed from the client's accounts, including any fees paid directly to
Burling Wealth Partners.
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Item 7 – Types of Clients

Burling Wealth Partners offers investment advisory services to individuals, including high net worth
individuals, and entities, including, but not limited to, family offices, trusts, estates, private foundations,
corporations, charitable organizations and qualified retirement plans. Burling Wealth Partners does not
impose a minimum portfolio size or a minimum initial investment to open an account. However, Burling
Wealth Partners does impose a $10,000 minimum annual fee and reserves the right to accept or decline a
potential client for any reason in its sole discretion.