Dover Partners Inc

ITEM 5: FEES AND COMPENSATION
   A. SEPARATE ACCOUNTS
   Generally, fees for all accounts are 0.75% (or 75 basis points where 100 basis points
   equal 1%) annually. Fees are payable quarterly in advance and are calculated based
   on the value of the assets in the account at the end of each calendar quarter. Dover
   provides clients with quarterly fee invoices containing the amount of the fee, the
   value of the assets in the account on which the fee was based and the specific
   manner the fee was calculated. Fees for partial periods are prorated.
   Dover reserves the right to negotiate fees. Some clients will pay more or less than
   others depending on certain factors, including but not limited to, the type and size of
   the account, the range of additional services provided to a specific client and the
   total assets managed for a single client. The fees charged to a client are detailed in a
   written agreement between each client and Dover Partners, Inc.
   Since clients pay our fees in advance, our agreement also provides for a pro rata
   refund for services not provided, should an account be terminated.
   As part of our discretionary management agreement, clients choose whether the
   firm’s fee is deducted directly from their account or whether they will send us a
   check. Regardless of the client’s choice, fees are assessed, and invoices are sent in
   the same manner as described above. However, some customers have designated
   their other financial professionals to calculate and pay Dover per our investment
   management agreement.
   Clients may also incur custodian fees and brokerage fees in addition to Dover’s fees.
   In some cases, custodian fees are included in the brokerage fee.
   B. WRAP FEE PROGRAMS
    A “wrap” fee program is an advisory program under which specified fees are not
   based directly upon transactions in a client’s account. Rather, they are charged a fee
   for investment advisory services that includes the execution of client transactions.
   Dover does not currently participate in wrap fee programs.
   C. ADDITIONAL COMPENSATION
   Other than our regular investment management fees, Dover personnel do not receive
   any form of additional compensation or economic benefit. We do not sell securities,
   mutual funds, other investment products or types of insurance. Our only source of
   compensation is that detailed in our agreement with our client.
DOVER PARTNERS, INC.                                                                       5
Form ADV Part 2A – Disclosure Brochure & Part 2B Supplements for Year-End 2025