Garnett Advisors LLC

Item 5 – Fees and Compensation

We provide investment advisory and asset management services for a fee.

Asset Management Fee Schedule
The fee charged is based upon the amount of money you invest. We do not charge a fee on the cash held
in your custodian account. Multiple accounts of immediately related family members, at the same mailing
address, can be considered one consolidated account for billing purposes. Fees are charged quarterly.
Beginning of each quarter, payments will be assessed based on the preceding quarter and will be
calculated as follows:
               Fee (%)         Account Size (AUM)
              1.00%            $0-$5,000,000
              0.75%            $5,000,001-$10,000,000
              0.50%            $10,000,001- $25,000,000
              0.40%            $25,000,001+

The fees shown above are annual fees and can be negotiable based upon certain circumstances. No
increase in the annual fee shall be effective without prior written notification to you. We believe our
advisory fee is reasonable considering the fees charged by other investment advisers offering similar
services/programs.
Our fees will not be based upon a share of capital gains or capital appreciation of the funds or any portion
of your funds.

Garnett typically sends an invoice directly to the client and accepts payment by check or wire transfer.
Garnett will accommodate clients who wish to have their invoices paid by another means, including
deducting fees directly from the client’s account. Garnett typically bills clients at the end of a quarter for
services rendered, but could bill fees in advance if agreed upon by the client.

Either party can terminate the relationship with a thirty (30) day written notice. If a client terminates the
Advisory contract with Garnett, the client will have the right to a refund for any unearned portion of the
investment management fee. The unearned fee will be calculated by determining the remaining
percentage of the calendar quarter during which the Advisory Agreement was no longer in effect and
multiplying this percentage by the previously-paid investment management fee.

Third Party Fees
Our fees do not include brokerage commissions, transaction fees, and other related costs and expenses.
You can incur certain charges imposed by custodians and other third parties. These include fees charged
by third party investment managers, custodial fees, deferred sales charges, odd-lot differentials, transfer

Garnett                                            ADV 2AB                                         March 2026

taxes, wire transfer and electronic fund fees, and other fees and taxes on brokerage accounts and
securities transactions. Mutual funds, money market funds and exchange-traded funds (ETFs) also charge
internal management fees, which are disclosed in the fund’s prospectus. These fees can include, but are
not limited to, a management fee, upfront sales charges, and other fund expenses. Certain strategies
offered by us could involve investment in mutual funds and/or ETFs. Load and no-load mutual funds can
pay annual distribution charges, sometimes referred to as “12(b)(1) fees”. These 12(b)(1) fees come from
fund assets, and thus indirectly from clients’ assets. We do not receive any compensation from these
fees. All of these fees are in addition to the management fee you pay us. You should review all fees
charged to fully understand the total amount of fees you will pay. Services similar to those offered by us
could be available elsewhere for more or less than the amounts we charge. Our brokerage practices are
discussed in more detail under Item 12 – Brokerage Practices.

Item 6 – Performance Based Fee and Side by Side Management

We do not charge any performance-based fees. These fees are based on a share of capital gains on or
capital appreciation of the assets of a client.

Item 7 – Types of Client(s)

We provide portfolio management services to trusts, pension funds, foundations, individuals and high-
net worth individuals.

Our minimum account opening balance is $1,000,000, which can be negotiable based upon certain
circumstances.