H L Ormond & Company LLC

Item 5 – Fees and Compensation
The following section details the fee structure and compensation methodology for services provided by the Advisor.
Each Client engaging the Advisor for services described herein shall be required to enter into one or more written
agreements.

A. Fees for Advisory Services

Advisor Direct Platform
Investment advisory fees are paid monthly, in advance of each month, pursuant to the terms of the investment advisory
agreement. Investment advisory fees are based on the market value of the assets under management, as valued by the
custodian to the total billable assets under management with the Advisor at the end of the prior month. Investment
advisory fees range from 0.75% to 1.75% annually.

Advisory fees will be directly debited from your account. You will be provided with a statement, at least quarterly, from the
Custodian reflecting deduction of the investment advisory fee. Clients are urged to also review statements provided from
the Custodian, as the Custodian does not perform a verification of fees. Clients provide written authorization permitting
advisory fees to be deducted and paid directly from their account[s] held by the Custodian as part of the investment
advisory agreement and account forms provided by the Custodian.

The investment advisory fee in the first month of service is prorated from the inception date of the account[s] to the end of
the first month. The advisory relationship can be terminated at any time by either party. If the advisory relationship is
terminated before the last day of the month, fees will be prorated and refunded accordingly.

AMS Managed Program
When you participate in one of the AMS Managed Programs, you are assessed an all-inclusive wrap fee for advisory
and brokerage services. Under a wrap fee arrangement, you pay an annual asset-based fee, which is calculated as a
percentage of assets under management in the account. The fee includes compensation paid to the Advisor, the non-
affiliated Manager, and to RJA for trade execution, custodial services, trade clearance, investment advisory and
administrative services. While the allocation of the fee between any of these persons may change at any time without
your consent, the total fee percentage charged to your account will not increase without your consent.

Investment advisory fees are paid quarterly, in advance of each quarter. The total Investment advisory fee for the AMS
Managed wrap fee program, ranges from 0.75% - 2.25% annually and is based on the market value of assets under
management in your account, as valued by the custodian at the end of the quarter, and will be directly debited from
your account

Outside Manager Program (OSM) Dual Contract
The OSM program is also offered within a wrap fee program. You are assessed an all-inclusive wrap fee for advisory
and brokerage services. Please note, with this program the non-affiliated Manager fee is charged separately. Under a
wrap fee arrangement, you pay an annual asset-based fee, which is calculated as a percentage of assets under
management in the account at the end of the quarter. The fee includes compensation paid to the Advisor and to RJA
for trade execution, custodial services, trade clearance, investment advisory and administrative services. While the
allocation of the fee between any of these persons, may change at any time without your consent, the total fee
percentage charged to your account will not increase without your consent. Due to the nature of this agreement, as
described above, you will see two advisory fee deductions from your account.

The OSM program requires you to sign a contract directly with the separate Manager. The Manager will deduct their
advisory fee from your account directly with the custodian. The manager’s advisory fee ranges from 0.30% - 0.50%.
Please refer to your investment advisory agreement executed with the separate Manager for complete details
regarding the advisory fee.

Investment advisory fees are paid quarterly, in advance of each quarter. The investment advisory fee for the OSM
wrap fee program ranges from 0.75% - 1.75% annually. This does not include the separate Manager fee described
above. Fees are calculated based on the market value of assets under management in your account, as valued by the
custodian. The Manager fee and investment advisory fee will be directly debited from your account.

In the event that a Client should wish to terminate their relationship with the independent Manager, the terms for
termination will be set forth in the respective agreements between the Client and that independent Manager. The
Advisor will assist the Client with the termination and transition as appropriate.

For all services, fees may be negotiable at the sole discretion of the Advisor, based on several factors, including: the
scope and complexity of the services to be provided; the level of assets to be managed; and the overall relationship
with the Advisor. Relationships with multiple objectives, specific reporting requirements, portfolio restrictions and other
complexities may be charged a higher fee. The Client’s fees will take into consideration the aggregate assets under
management with the Advisor.

B. Retirement Services
Fees for the fee-based retirement services are based upon the nature of the services to be provided by the Advisor and
the account size. The fee is based upon a percentage of the value of assets under advisement / management and
includes the Advisor’s fee, along with the fee for any appointed subadvisor. The first and last period’s fees will be billed
on a prorated basis based upon the number of days you utilize the services. Fees are calculated and, depending on the
services provided, will be charged on a quarterly basis in advance or in arrears. This will be described in your Client
agreement.

Fees for Retirement Services range from 0.20% to 0.50% and may be negotiated at the sole discretion of the Advisor on
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Item 7 – Types of Clients
The Advisor offers investment advisory services to individuals, high net worth individuals, trusts, estates, charitable
organizations, retirement plans, and businesses. We generally require a minimum relationship size of $500,000, which
may be reduced at the sole discretion of the Advisor. In some cases, we may elect not to take on a client if we
determine we are not best suited to meet their investment needs. The minimum investment for AMS Managed
Programs and OSM Programs ranges from $25K - $2M, depending on the selected strategy. Below minimum
accounts may be accepted based upon RJA review.