Exeter Financial LLC

Item 5 – Fees and Compensation

Clients may choose to engage Alkeme to provide initial and ongoing financial planning
and discretionary investment management services on a fee-only basis. Alkeme’s
maximum annual investment management fee shall be 1.25% of the assets placed
under Alkeme’s management. Alkeme's annual investment management fee is

ALKEME FINANCIAL LLC                                    Form ADV Part 2A Brochure
SEC File Number: 801-67719                                      Date: 03/31/2026

prorated and paid quarterly, after services have been provided, based on the market
value of the client’s assets on the last business day of the previous quarter. Alkeme
generally requires a minimum account of $1,000,000.00 for its active discretionary
investment management services. However, Alkeme, in its sole discretion, may
reduce its account minimum, minimum annual fee and/or charge a lesser investment
management fee based upon certain criteria (i.e. anticipated future earning capacity,
anticipated future additional assets, dollar amount of assets to be managed, related
accounts, account composition, negotiations with client, etc.).

Alkeme may, in its sole discretion, agree to provide financial planning and/or
consulting services (including investment and non-investment related matters) on a
stand-alone basis. Should we do so, we will generally charge a fixed or hourly fee for
these services, and the services and fees will be described in a separate financial
planning or consulting agreement. Alkeme’s financial planning and consulting fees
generally range from $2,500.00 to $3,500.00 on a fixed fee basis, and from $250.00 to
$350.00 on an hourly rate basis, depending upon the level and scope of the service(s)
required and the professional(s) rendering the service(s).

Prior to engaging Alkeme to provide investment management services, the client will
be required to enter into a formal Investment Advisory Agreement with Alkeme setting
forth the terms and conditions under which Alkeme will manage the client's assets,
including the specific advisory fee to be charged, and a separate custodial/clearing
agreement with each designated broker-dealer/custodian.

Where appropriate, we may also select third-party money managers as sub-advisors
on client accounts. We are most likely to use third-party managers for managing fixed
income (bond) portfolios, though we could use equity managers if that fits a given
client’s needs. When using sub-advisors, Alkeme is able to select from a number of
registered investment advisors with varying styles and talents, based on the client's
individual needs and objectives. Fees for these sub-advisors are separate and distinct
from the advisory fees paid to Alkeme and will be disclosed to the client at the time
the sub-advisor is selected. Additional fees for sub-advisors generally range between
20 and 35 basis points (between .002 - .0035) per year. Third-party managers
generally charge fees in advance, rather than in arrears. The specific terms of the
other advisor’s fee practices are disclosed in their ADV 2A brochure and the
agreement executed with that advisor (if applicable).

For investment management services, we direct the custodian holding the assets to
deduct our fees directly from client accounts. Client authorization for direct fee

ALKEME FINANCIAL LLC                                     Form ADV Part 2A Brochure
SEC File Number: 801-67719                                       Date: 03/31/2026

deduction is found in Alkeme’s investment advisory agreement. For financial
planning services, we typically invoice the client, who then pays by check or other
method. Clients receive statements from their selected custodian that reflect all
account activity, including Alkeme’s advisory fee billing. While we have processes in
place to verify billing accuracy, it’s important to review fees charged by the custodian
and let us know of any errors or discrepancies.

When recommending mutual funds in its investment management service, Alkeme
generally recommends only no-load or load-waived mutual funds. However, all
mutual funds, ETFs, and other investment company securities (Funds) incur certain
types of charges and expenses, which are paid from the value of the Fund shares.
These charges and expenses include investment management, transaction,
administrative, distribution, transfer agent, custodial, legal, audit and other
customary fees. If a client’s account holds any such Fund shares, the client will be
indirectly paying these expenses, which are in addition to Alkeme’s investment
management fee to the client. Clients are encouraged to read the prospectuses of any
Funds which are purchased in their account for a more complete explanation of these
fees and expenses.

In most cases, clients can purchase shares of Funds outside of their investment
management account without paying for and receiving the benefit of Alkeme’s
investment management services. Certain Funds are offered generally to the public
without a sales charge and, for those Funds that are offered with a sales charge, the
sales charge described in the Fund’s prospectus may be more or less than Alkeme’s
investment management fee.

Clients should also be aware that Alkeme’s investment management fee described
above will be imposed on all Fund shares clients designate as investment
management assets and place in their Alkeme investment management account,
including Fund shares on which they may have previously paid a sales charge. Clients
may also be charged redemption fees from mutual funds sold in order to participate
in the investment management service. We also charge our advisory fees on private
placements and other illiquid investments, using the asset values provided through
the client’s custodian.

Both Alkeme's Investment Advisory Agreement and the custodial/clearing
agreement authorize the custodian to debit the account for the amount of Alkeme's
...

Item 7 – Types of Clients

Alkeme provides portfolio management services to individuals, high net worth
individuals, charitable institutions, foundations, endowments and trusts. Alkeme
generally accepts accounts with a minimum of $1,000,000.00 or higher. However,

ALKEME FINANCIAL LLC                                     Form ADV Part 2A Brochure
SEC File Number: 801-67719                                       Date: 03/31/2026

Alkeme, in its sole discretion, may reduce its account minimum and charge a lesser
investment management fee based upon certain criteria (i.e. anticipated future
earning capacity, anticipated future additional assets, dollar amount of assets to be
managed, related accounts, account composition, negotiations with client, etc.).