Friedlander & Co Inc

Item 5: Fees & Compensation

     A.​ The Company’s fees are based on a percentage of the assets under management as
         calculated on the first day of each calendar quarter. Fees are negotiable, but the
         usual fee schedule is as follows:

               a.​ 0.9% annually of the first $250,000 of assets per account

               b.​ 0.75% annually of the next $250,000 of assets per account

               c.​ 0.5% annually of all assets over $500,000 per account

          Adjustments are made to the basic fee schedule to take into account a number of
          factors, including the nature of the assets; the type of analysis required to manage
          the account; the length of the client’s relationship with us; family relationships;
          and the level of service required by the client. Adjustments to reduce fees are
          made for accounts with substantial bond and cash positions.

     B.​ The Company bills clients quarterly, in advance.

     C.​ The Company has an arrangement with one family where a set annual fee is
         charged for investment advisory services.

          Clients trading securities or otherwise using brokerage services will incur
          brokerage and other transaction costs, in addition to our fees. For more
          information on brokerage fees, please consult Item 12 of this brochure (below).

     D.​ Fees are payable quarterly, in advance. Upon written notice of termination by
         either party, a pro rata refund will be promptly made to the client if termination
         occurs before the end of a quarter.

     E.​ The Company does not collect commissions or service fees or accept any
         compensation for the sale of investment products, nor do its principal or any of its
         supervised persons.

Version 16.0 ─ February 20, 2026

Item 7: Types of Clients

We provide investment advice primarily to individuals and their related accounts
(including trusts and individual retirement accounts), and to a small number of
foundations.

Our usual minimum account size is $3,000,000 (or a minimum annual fee of $20,000).
However, under certain circumstances, we may accept client accounts that have an asset
value of less than that.