Mayport 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 a one or
more written agreements with the Advisor.

A. Fees for Advisory Services
Wealth Management Services
Wealth management fees are paid monthly, in arrears, pursuant to the terms of the wealth management
agreement. Wealth management fees generally range from $10,000 to $25,000 annually based on several factors,
including: the complexity of the services to be provided, the level and nature 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. Fees may be negotiable at the discretion
of the Advisor.

Each January 1st, Mayport will adjust the Management Fee to account for inflation. All adjustments are as of
January 1 of each calendar year, effective until the next adjustment pursuant to the Client’s Wealth Management
Agreement. The adjustment will be calculated using the yearly percentage change in the most recently published
Consumer Price Index (services less energy services in U.S. city average, all urban consumers, seasonally
adjusted), published by the U.S. Bureau of Labor Statistics (“CPI”). The adjustment will not be less than 0% or
more than 5% of the prior Management Fee, and will be rounded to the nearest $50 regardless of the CPI.
Communication of the Client’s fee adjustment will be provided prior to the new fee being implemented.

Certain clients may be subject to a legacy hourly fee that may differ from the range of fees listed above.

The Advisor imposes a minimum fee of $10,000, which can be waived at the sole discretion of the Advisor.

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

Use of Independent Managers
For Clients referred by the Advisor to an Independent Manager, the Client’s fee may be separately billed or
deducted from the Client’s account[s] by the Independent Manager.

                                                      Mayport, LLC
                                    300 Washington Street, Suite 814, Newton, MA 02458
                                                 Phone: (617) 545-5700
                                                    www.mayport.com

B. Fee Billing
Wealth Management Services
Wealth management fees are calculated by the Advisor and deducted from the Client’s account[s] at the
Custodian. The Client authorizes the Custodian to deduct the Advisor’s fees. 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 end of the
calendar month. The amount due is calculated by dividing the annual fee by 12. Clients will be provided with a
statement, at least quarterly, from the Custodian reflecting deduction of the wealth management fee. It is the
responsibility of the Client to verify the accuracy of these fees as listed on the Custodian’s brokerage statement
as the Custodian does not assume this responsibility. Clients provide written authorization permitting advisory
fees to be deducted by Mayport Wealth Management and to be paid directly from their account[s] held by the
Custodian as part of the wealth management agreement and separate account forms provided by the Custodian.

Alternatively, at the Client’s request, the Advisor will send an invoice directly to the Client on a quarterly basis.
The amount due is calculated by dividing the annual fee by 4. Advisory fees will be due within 30 days of receipt.

Use of Independent Managers
For Clients referred by the Advisor to an Independent Manager, the Client’s fee may be separately billed or
deducted from the Client’s account[s] with the respective manager.

C. Other Fees and Expenses
Clients may incur certain fees or charges imposed by third parties, other than Mayport Wealth Management, 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. 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 and other types of investments. The fees charged by Mayport Wealth Management are separate
and distinct from these custody and execution fees.

In addition, all fees paid to Mayport Wealth Management for 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. These fees and expenses will generally be used to pay management fees
for the funds, other fund expenses, account administration (e.g., custody, brokerage and account reporting), and
a possible distribution fee. A Client may be able to invest in these products directly, without the services of Mayport
Wealth Management, but would not receive the services provided by Mayport Wealth Management which are
designed, among other things, to assist the Client in determining which products or services are most appropriate
for each Client’s financial situation and objectives. Accordingly, the Client should review both the fees charged by
the fund[s] and the fees charged by Mayport Wealth Management to fully understand the total fees to be paid.
Please refer to Item 12 – Brokerage Practices for additional information.

D. Advance Payment of Fees and Termination
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Item 7 – Types of Clients

Mayport Wealth Management offers advisory services to individuals, high net worth individuals, corporations,
trusts and estates. 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. Mayport Wealth Management
generally does not impose a minimum relationship size; however, the Advisor does impose a minimum fee for
wealth management services of $10,000, which can be waived at the sole discretion of the Advisor.