Heritage Family Offices LLP

Item 5 – Fees and Compensation

A.      Fee Schedule

WEALTH MANAGEMENT

HFO offers wealth management services to advisory Clients. HFO charges an annual investment
advisory fee based on the total assets under management as follows:

              Assets Under Management                         Maximum Annual Fee

                       All Assets                                      2.00%

Fees are billed monthly in arrears based on the amount of assets managed as of the close of
business on the last business day of the previous billing period. If margin is utilized, the fees will be
billed based on the net asset value of the account. Lastly, please note that HFO may group certain
related Client accounts, often known as “householding”, for the purposes of achieving the minimum
account size and determining the annualized fee.

If a portion of the Client’s assets are managed by Sub-Advisor(s), Sub-Advisor(s) will charge a
management fee, generally ranging from 0.25% to 0.50%, in addition to and separate from HFO’s
advisory fees. The Sub-Adviser will deduct their fee directly from the Client’s account. Sub-Advisors
bill their fees quarterly in advance.

Additional fees will be paid by the Client for any services provided by HFO’s affiliated entities. Such
fees will be subject to a separate engagement contract. No fees will be incurred by the Client prior
to signing the separate engagement contract.

FAMILY OFFICE SERVICES

HFO charges a fixed or ongoing fee for Family Officer Services. Prior to the process the Client will
be provided an estimated plan fee, which may include a one-time initial onboarding fee, which will

be based on the complexity of the engagement. HFO reserves the right to waive the fee should the
Client implement the plan through HFO by executing a Wealth Management Services Agreement.

       FIXED FEES

       Fixed Fee Services are offered based on a fixed fee to never exceed $250,000 depending
       on the complexity of the engagement. Fees are billed upon completion of the service.

       ONGOING FEES

       Ongoing Fee Services are offered based on an annual fee to never exceed $250,000,
       charged monthly depending on the Client’s election. Fees are billed in arrears of each billing
       period. Ongoing Fee Services will continue year after year until canceled, in writing, by either
       HFO or the Client.

Clients that engage HFO for Family Office Services will pay one fee for services rendered through
HFO by our affiliates. The total fee will range based on the services provided by our affiliates and
will be payable monthly in arrears. Clients will be provided with an invoice outlining the service
provider and fee due for services rendered. Lastly, HFO reserves the right to increase the fee by 3%
each year. This fee increase will be noted on the executed Client agreement.

B.     Payment of Fees

Wealth Management Fees are deducted directly from the Client’s Account.

Sub-Advisor Fees are deducted directly from the Client’s Account.

Family Office Services Fees are generally invoiced directly to the Client but may also be deducted
from another account held with HFO.

HFO, in its sole discretion, may charge a lesser investment advisory fee based upon certain criteria
(e.g., historical relationship, type of assets, anticipated future earning capacity, anticipated future
additional assets, dollar amounts of assets to be managed, related accounts, account composition,
negotiations with Clients, etc.).

For all services, Clients may terminate their engagement with HFO within five (5) business days of
signing an Agreement with no obligation and without penalty. After the initial (5) business days, the
Agreement may be terminated by HFO with thirty (30) days written notice to Client and by the Client
at any time with written notice to HFO. For accounts opened or closed mid-billing period, fees will
be prorated based on the days services are provided during the given period. All unpaid earned fees
will be due to HFO, and all unearned fees will be refunded to the Client. Any increase in fees will be
acknowledged in writing by both parties before any increase in said fees occurs.

C.     Additional Fees

Custodians may charge brokerage commissions, transaction fees, and other related costs on the
purchases or sales of mutual funds, equities, bonds, options, margin interest, and exchange-traded
funds. Mutual funds, money market funds, and exchange-traded funds may also charge internal
management fees, which are disclosed in the fund’s prospectus. HFO does not directly receive any

compensation from these fees. All of these fees are in addition to the management fee you pay to
HFO. For more details on the brokerage practices, see Item 12 of this brochure.

D.     Prepayment of Fees

Sub-Advisors bill their fees quarterly in advance.

Ongoing Family Office Services fees are billed monthly in arrears.

E.     External Compensation for the Sale of Securities

HFO and/or its Investment Advisor Representatives may receive external compensation from
affiliations as a general or limited partner of private funds/offerings or other pooled investment
vehicles. HFO may recommend these funds as investments for certain qualifying clients. This
represents a conflict of interest because it gives an incentive to recommend investment in these
funds as the general partners will receive additional fees. This conflict is mitigated by disclosures,
procedures and HFO’s fiduciary obligation to place the best interest of the Client first. Moreover,
Clients are under no obligation to invest in such partnerships.

Item 7 – Types of Clients & Account Minimums

HFO’s Clients are generally individuals, small businesses, trusts, estates, high net-worth individuals,
pooled investment vehicles, and charities. Client relationships vary in scope and length of service.

There is no minimum account size and Clients are not required to have a certain amount of
investment experience or sophistication.