Keebeck Partners LLC

Item 5 Fees and Compensation
Portfolio Management Services
Our annual fee for portfolio management services is equal to 1.50% of the market value of your assets
under our management, which is negotiable based on the type and complexity of the asset
management services provided, as well as the level of administration requested either directly or
assumed by the client. Assets in each of your account(s) are included in the fee assessment unless
specifically identified in writing for exclusion.

Our annual portfolio management fee is billed and payable on a pro-rata basis, quarterly in advance,
based on the value of the assets being managed by our firm on the last day of the previous quarter.
Adjustments will be made for deposits and withdrawals in excess of $50,000 during the quarter. If the
portfolio management agreement is executed at any time other than the first day of a calendar quarter,
our fees will apply on a pro rata basis, which means that the advisory fee is payable in proportion to
the number of days in the quarter for which you are a client. In the event the portfolio management
agreement is terminated, the fee for the final billing period will be prorated through the effective date of
termination, and the outstanding or unearned portion of the fee will be charged or refunded to you, as
appropriate. Our advisory fee is negotiable, depending on individual client circumstances.

We will deduct our fee directly from your account through the qualified custodian holding your funds
and securities. We will deduct our advisory fee only when you have given our firm written authorization
permitting the fees to be paid directly from your account. Further, the qualified custodian will deliver an
account statement to you at least quarterly. These account statements will show all disbursements
from your account. You should review all statements for accuracy.

You may terminate the portfolio management agreement upon 30 days written notice. You will incur a
pro rata charge for services rendered prior to the termination of the portfolio management agreement,
which means you will incur advisory fees only in proportion to the number of days in the quarter for
which you are a client. If you have pre-paid advisory fees that we have not yet earned, you will receive
a prorated refund of those fees.

As discussed above, we use Dynasty's TAMP services. TAMP related charges are not included in the
investment management fee you pay to our firm. You will be charged, separate from and in addition to
your investment management fee, any applicable Platform Fees as well as applicable independent
manager fees. We do not receive any portion of the fees paid directly to Dynasty or the service
providers made available through its platform, including the independent managers.

Each of the Platform Fee and independent manager fees are determined by the particular program(s)
and manager(s) with which your assets are invested, and are calculated based upon a percentage of
your assets under management, as applicable. The Platform Fee generally ranges from 0 - .45%
annually, independent fixed income manager fees generally range from 0 - .90% annually, and
independent equity manager fees generally range from 0 – 1.50% annually.

You will note the total fee reflected on your custodial statement will represent the sum of our
investment management fee, Platform Fee(s), and independent manager fee(s), accordingly. You
should review such statements to determine the total amount of fees associated with your requisite
investments, and you should review your investment management agreement with our firm to
determine the investment management fee you pay to us.

We do not receive any portion of the fees paid directly to Dynasty or the service providers made
available through its platform, including the independent managers. Each independent manager fees is
determined by the particular program(s) and manager(s) with which your assets are invested, and is
calculated based upon a percentage of your assets under management, as applicable. Independent
fixed income manager fees generally range from 0 - .90% annually, and independent equity manager
fees generally range from 0 – 1.50% annually. You will note the total fee reflected on your custodial
statement will represent the sum of our investment management fee, and independent manager fee(s),
accordingly. You should review such statements to determine the total amount of fees associated with
your requisite investments, and you should review your investment management agreement with our
firm to determine the investment management fee you pay to us.

In limited circumstances, you may be required to sign an agreement directly with the recommended
third party manager(s). In those cases, you may pay an additional fee directly to such manager(s) and
you may terminate your advisory relationship with the third party manager according to the terms of
your agreement with the third party manager. You should review each such third party manager's
brochure for specific information on their advisory fees and how you may terminate your advisory
relationship with the third party manager and how you may receive a refund, if applicable. You should
contact the third party manager directly for questions regarding your advisory agreement with these
third party managers.

Additional Fees and Expenses
As part of our investment advisory services to you, we may invest, or recommend that you invest, in
mutual funds and exchange traded funds. The fees that you pay to our firm for investment advisory
services are separate and distinct from the fees and expenses charged by mutual funds or exchange
traded funds (described in each fund's prospectus) to their shareholders. These fees will generally
include a management fee and other fund expenses. You will also incur transaction charges and/or
brokerage fees when purchasing or selling securities. These charges and fees are typically imposed by
...

Item 7 Types of Clients
We offer investment advisory services to individuals (other than high net worth individuals), high net
worth individuals, pension and profit sharing plans, and corporations or other businesses not listed
above.

In general, we require a minimum of $250,000 to open and maintain an advisory account. At our
discretion, we may waive this minimum account size. For example, we may waive the minimum if you
appear to have significant potential for increasing your assets under our management.