Carter Terry & Company Inc

Item 5 Fees and Compensation

We offer fee based advisory services. Our fee is calculated based upon the net market
value of the investment assets in your account. One-fourth of our fee is billed each
calendar quarter based on the value of your account on the last business day of the prior
7|Page
                                                                                20250325

quarter.

Broker-dealers and other financial institutions that hold investment accounts for
advisory clients are referred to as custodians. Your custodian will determine the values
of the assets in your account.

We charge our investment management fees in advance, meaning that we charge our
fees before we have provided our services to you. Our initial fee will be calculated on
the day your investment assets are received by your custodian. The amount of the fee
will be calculated based on the number of days remaining in that quarter.

Should either one of us terminate the advisory agreement we have entered into before
the end of a billing period, any unearned fees that were deducted from your account
will be returned to you by us. The amount refunded to you is calculated by dividing the
most recent advisory fee you paid by the total number of days in the quarter. This daily
fee is then multiplied by the number of calendar days in the quarter that our agreement
was in effect. This amount, which equals the amount we earned for the partial quarter,
is subtracted from the total fee you paid in advance to determine your refund.
Fees for Portfolio Management Services

All fees are negotiable at our sole discretion. Our fees are charged based on the floating
rate schedule below.

Floating Flat Rate Schedule. Our maximum fees for the direct management of your
account under a Floating Flat Rate Schedule are as follows:

               Assets Under Management                      Maximum Annual Fee*
           0 - $100,000                                             2.00%
       $100,001 - $500,000                                          2.00%
       $500,001 - $1,000,000                                        2.00%
       $1,000,001 to $2,000,000                                     2.00%
       $2,000,001 to $5,000,000                                     1.80%
       Over $5 million                                              1.50%
            *All fees are negotiable and defined in your Investment Advisory Agreement.

8|Page
                                                                                     20250325

             Example Floating Flat Fee Calculation based on $2,015,000 assets:
                         Annual Fee = $2,000,015 x 1.80%

The fees will be deducted by the custodian based on your written authorization upon
entering into the advisory agreement. The client can elect to be invoiced for the full
amount of the fees. Your custodian will provide you with statements that show the
amount of the advisory fees paid directly to us. Your custodian does not verify the
accuracy of our fee calculations so please review your statements carefully. Please review
your statement against the invoice you receive from us.
Our fees may be higher or lower than the fees charged by other advisors for similar
services. Our services are not to be considered superior to other investment advisors
services and the client may receive comparable services cheaper from other investment
advisors
Fees for Wrap Fee Program
The fees for this program are described in our Carter Terry & Company, Inc. Wrap Fee
Program Brochure. This brochure will be provided to clients utilizing our wrap fee
program and free of charge to any client upon request.

Fees for Third Party Investment Management Services
The advisory services provided by third-party investment managers and the fees they
charge for those services are detailed in their respective disclosure brochures. Your
IAR will provide you with a copy of the brochure for each investment manager
recommended to you. The fees that you pay to the third party investment managers
are not higher because of the compensation paid to us. Our relationship with the third
party investment manager will be clearly communicated to you in their disclosure
brochure.

Fees for Seminars
There no fees charged to attend seminars held by the firm’s advisory representatives.
General Fee Information

In addition to our fee, you may be required to pay other charges such as:
      custodial fees;
      internal fees and expenses charged by mutual funds, ETFs and variable annuities;
      fees charged by third party money managers;
9|Page
                                                                                 20250325

        maintenance and termination fees for IRAs, certain retirement and qualified
        accounts; and,
        other fees, commissions and taxes on brokerage accounts and securities
        transactions.

None of these fees are paid to or shared with us.
Mutual fund companies, ETFs, and variable annuity issuers charge internal fees and
expenses for their products. These fees and expenses are in addition to any advisory
fees charged by us. Complete details of these internal fees and expenses are explained
in the prospectuses for each investment. Your IAR will be available to answer any
questions you have about fees and expenses.
If you purchase mutual fund shares through the custodian, you may pay a transaction
fee that would not be charged if the transaction were made directly through the mutual
fund company. Also, mutual funds held in accounts at brokerage firms may charge
internal fees that are different from mutual funds held at the mutual fund company.
You may purchase shares of mutual funds directly from the mutual fund company
without a transaction fee. Those investments, however, will not be part of our advisory
relationship with you. This means that they will not be included in our investment
strategies, investment performance monitoring, or investment reallocations.
...

Item 7 Types of Clients

We provide advisory services primarily to individuals and families, including their trusts,
estates, and retirement accounts.
As a condition for starting and maintaining an advisory relationship with us, we
generally require that you have a minimum investment account of $25,000. We, at our
sole discretion, may allow you to engage our services if you have a smaller account.
Some of the factors we consider in making this determination include pre-existing client
relationships we may have with you or your family members, any additional assets you
are anticipated to receive in the future, your account composition, and your anticipated
future earning capacity.
At our discretion, we may consider the accounts of your family members in determining
whether your account meets our minimum account size requirement.

11 | P a g e
                                                                               20250325