HTG Investment Advisors Inc

ITEM 5: FEES AND COMPENSATION

Our Fees
HTG’s wealth advisory fees are paid quarterly, in arrears, pursuant to the terms of the wealth
advisory services agreement. The wealth advisory fees are based on a fixed fee plus a

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percentage of assets under management (“AUM”) and described in the wealth advisory
services agreement. AUM shall be defined as the aggregate market value of a client’s assets for
which HTG has supervisory responsibility at the end of the quarterly period and adjusted for
deposits and withdrawals.

How Fees are Calculated
The wealth advisory fee schedule is:
                                                                         Annual Fee

               Fixed Fee                                                     $3,000

       PLUS:

               Fee on Assets Under Management (as applicable)

                 First $2 million                                            0.75%

                 Amount between $2 and $5 million                            0.50%

                 Amount between $5 and $10 million                           0.35%

                 Amount over $10 million                                     0.25%

If the combined quarterly fixed and AUM fee are less than $1,500, then HTG’s minimum
quarterly fee of $1,500 will apply. HTG retains the discretion to negotiate fees on accounts
larger than $20 million.

For clients that have accounts managed by an Independent Manager, the client’s fee will be
deducted from the client’s account[s] at the designated Custodian for the accounts.

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Fees, Generally
Members of a household or a larger family unit may be considered a single client for
determination of wealth advisory services fees and breakpoints. Certain legacy clients may
have fees schedules that differ from above. Fee schedules are negotiable only at the sole
discretion of HTG.

Termination of Agreement
The advisory services agreement may be terminated by either party, at any time, upon ten (10)
days’ prior written notice by either party. Fees will be prorated to the date of termination.

If a client should wish to terminate their relationship with an Independent Manager, the terms for
termination will be set forth in the respective agreements between the client and those third
parties. HTG will assist the client with the termination and transition as appropriate.

Billing Statement & How Fees are Paid
A detailed billing statement is supplied quarterly by HTG. Whenever possible, quarterly fees are
deducted from a client’s designated managed account(s). Clients are reminded that it is their
responsibility to verify the accuracy of the calculation, as the custodian does not perform this
review. Upon arrangement, fees may be paid by check, from a non-managed account.

Clients referred to Independent Managers will be billed in accordance with the investment
management agreement with each manager.

Other Fees or Expenses Paid in Connection with Advisory Services: Products,
Custodians
The client is responsible for all custody and securities execution fees charged by the custodian.

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All fees paid to HTG for wealth advisory services are separate and distinct from the expenses
charged by mutual funds and ETFs to their shareholders, if applicable. These fees and
expenses are described in each fund’s prospectus and are generally used to pay fund
management fees, other fund expenses, account administration (e.g., custody, brokerage and
account reporting), and distribution fees, if applicable. The client should review both the fees
charged by the fund[s] and the fees charged by HTG to fully understand the total fees to be
paid.

Although the fund-related fees noted above are not paid to HTG, we will provide, upon request,
up-to-date information on applicable third-party fees. HTG regularly reviews fund costs as part
of its investment due diligence. Clients may request a summary of these costs by contacting
their advisor.

The custodians do not charge separately for custody services but are compensated by the
client via the aforementioned brokerage fee or via fees paid by mutual funds owned by the
client.

Other Fees Charged for Specific Services
HTG may provide investment advice, as mutually agreed with the client, under consulting or
contract arrangements on negotiated terms. Fees may be fixed, time and material based, or
asset based.

Management of Conflicts Relating to Fees
Our clients pay HTG fees based upon a percentage of the assets under management (AUM).
This is a very common form of compensation for registered investment advisory firms and
avoids the multiple inherent conflicts of interest associated with commission-based

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compensation (HTG does not accept commission-based compensation of any nature, including
12b-1 fees).

The AUM method of compensation can lead to conflicts of interest between our firm and our
clients. Conflicts of interest may arise relating to certain financial decisions, for example:

     •   Whether to incur or pay down debt;
     •   Whether to gift funds to charities or to individuals;
     •   Whether to make a large purchase;
     •   Whether to purchase a lifetime immediate annuity or other insurance products;
     •   Whether to invest in investments which we do not purchase, (e.g. private equity, private
         real estate ventures, closely held businesses, etc.); and,
     •   How much to place in non-managed cash reserve accounts.

HTG has adopted an internal process to properly manage these and other potential conflicts of
interest. Our goal is that our advice to clients always remains in their best interests,
...

ITEM 7: TYPES OF CLIENTS
HTG provides investment advice primarily to individuals and their families, including high net
worth individuals, and trusts. The amount of each type of client is available on the Advisor's
Form ADV Part 1A. These amounts may change over time and are updated at least annually by
the Advisor.

HTG does not generally provide investment advice to pension and profit-sharing plans other
than sole proprietor plans. HTG does provide investment advice to clients who are plan
participants as part of their individual investment plans. Foundations and other charitable
organizations represent a small portion of our business.