Harrell Investment Partners LLC

Item 5 – Fees and Compensation

The following paragraphs detail 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 more
written agreements with the Advisor.
                                              Harrell Investment Partners, LLC
                                            3814 Medical Parkway, Austin, TX 78756
                                          Phone: (512) 759-8000 * Fax: (512) 759-8100

                                                   https://harrellpartners.com

A. Fees for Advisory Services
Investment Management Services
Investment advisory fees are paid in advance of each calendar quarter pursuant to the terms of the investment
advisory agreement. Investment advisory fees are based on the market value of assets under management at the
end of the prior calendar quarter. Investment advisory fees range from up to 1.25% annually 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. The minimum annual fee for any account is $10,000. The Advisor may, in
its discretion, make exceptions to the foregoing or negotiate special fee arrangements where HIP deem it
appropriate under the circumstances. Relationships with multiple objectives, specific reporting requirements,
portfolio restrictions and other complexities may be charged a higher fee.

The investment advisory fee in the first quarter of service is prorated from the inception date of the account[s] to the
end of the first quarter. Fees may be negotiable at the sole discretion of the Advisor. The Client’s fees will take into
consideration the aggregate assets under management with the Advisor. All securities held in accounts managed
by HIP will be independently valued by the Custodian. The Advisor will conduct periodic reviews of the Custodian’s
valuations to ensure accurate billing.

The Advisor’s fee is exclusive of, and in addition to any applicable securities transaction and custody fees, and
other related costs and expenses described in Item 5.C below, which may be incurred by the Client. However, the
Advisor shall not receive any portion of these commissions, fees, and costs.

Financial Planning Services
HIP offers stand-alone financial planning services either on an hourly or fixed fee basis. Fees may be negotiable
based on the nature and complexity of the services to be provided and the overall relationship with the Advisor. An
estimate for total hours and/or total costs will be provided to the Client prior to engaging for these services.

Separate Account Manager Fees
For Clients referred by the Advisor to a Manager[s], the Client’s fee may be separately billed or deducted from the
Client’s account[s] by the Manager[s].

HIP will have an apparent or actual conflict of interest to select Managers with lower fees than other Managers,
because HIP retains the portion of its fee not paid to Managers. However, HIP will select Managers in the best
interest of its Clients. With respect to the Raymond James Wrap Program, HIP generally pays a fixed portion of its
fee to the Managers in the Raymond James Wrap Program and retains the remainder of the investment advisory
fees charged, which is subject to a maximum of 1.25%.

B. Fee Billing
Investment Management Services
Investment advisory fees are calculated by the Advisor or its delegate and deducted from the Client’s account[s] at
the Custodian. The Advisor shall send an invoice to the Custodian indicating the amount of the fees to be deducted
from the Client’s account[s] at the beginning of the respective quarter. The amount due is calculated by applying
the quarterly rate (annual rate divided by 4) to the total assets under management with HIP at the end of the prior
quarter. Clients 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 and compare the statement provided by the Advisor to the
brokerage statement from the Custodian, as the Custodian does not perform a verification of fees. Clients provide
written authorization permitting advisory fees to be deducted by HIP to be paid directly from their account[s] held by
the Custodian as part of the investment advisory agreement and separate account forms provided by the
Custodian.

Financial Planning Services
Financial planning fees may be invoiced up to fifty percent (50%) of the expected total fee upon execution of the
financial planning agreement. The balance shall be invoiced upon completion of the agreed upon deliverable[s].

                                             Harrell Investment Partners, LLC
                                           3814 Medical Parkway, Austin, TX 78756
                                         Phone: (512) 759-8000 * Fax: (512) 759-8100

                                                  https://harrellpartners.com

Separate Account Manager Fees
For Clients referred by the Advisor to a Manager[s], the Client’s fee may be separately billed or deducted from the
Client’s account[s] with the respective manager and a portion of the investment advisory fee may be provided to
HIP.

C. Other Fees and Expenses
Clients may incur certain fees or charges imposed by third parties, other than HIP, in connection with investments
made on behalf of the Client’s account[s]. The Client is responsible for all custody and securities execution fees
charged by the Custodian, as applicable. The Advisor's recommended Custodian does not charge securities
transaction fees for ETF and equity trades in a Client's account, provided that the account meets the terms and
conditions of the Custodian's brokerage requirements. However, the Custodian typically charges for mutual funds
...

Item 7 – Types of Clients
HIP offers investment advisory services to individuals, high net worth individuals and charitable organizations. The
amount of each type of Client is available on HIP’s Form ADV Part 1A. These amounts may change over time and
are updated at least annually by the Advisor. HIP generally does not impose a minimum relationship size.