Redblack Advisers Inc

Item 5: Fees and Compensation

Through RedBlack Managed Services, RedBlack Advisers may provide billing services for Firms that use
RedBlack Advisers’ services. Firms must obtain permission from clients to allow RedBlack Advisers to
deduct fees directly from a client’s account. Firm fees deducted are remitted to the Firm. RedBlack Advisers
will debit such fees for services from client accounts, unless, at the direction of the Firm, the Firm opts to
pay RedBlack Advisers fees not associated with a strategist modeled account.

The range of services and related fees under RedBlack Managed Services include:

      1. RedBlack Managed Services fee: Typically, fees for RedBlack Managed Services range from four
         (4) to seventy-five (75) basis points per year on assets under management. Fees are generally
         charged monthly, in advance, and the fee is based on such factors as the model selected. To the
         extent a model utilizes a strategist that we compensate, the fees will be included in the rate
         presented. Depending on the nature of negotiated services, other considerations may include the
         number of accounts, accumulated assets under management or administration, and the

                                              CONFIDENTIAL

         complexity and level of customization required. In certain circumstances, RedBlack Managed
         Services may offer a fixed account fee cap. Fees for RedBlack Managed Services may also include
         an implementation fee for the conversion of historical account data and historical performance
         history. RedBlack Managed Services may also, at times, charge a technology fee if included in a
         Firm’s contract or a non-managed account platform fee – these fees generally start at $495 per
         month. Certain Firms, depending on engagement, may have a periodic minimum fee assessed.
         Application of this minimum fee may cause the total fees paid by the Firm to RedBlack Advisers
         to exceed the range noted above. Fees associated with each model are published for Firms’
         awareness at the time of model portfolio selection; Firms are responsible to disclose and agree
         to such fees with their clients. A portion of fees collected for models with strategists may be
         remitted to the strategists based on RedBlack Advisers’ agreements with such strategists.

         Additionally, RedBlack Advisers is a strategist and may retain fees associated with the use of
         RedBlack’s models. Selection of models, including RedBlack Advisers models, is at the discretion
         of the Firm.

     2. Firm fees: Firms may charge clients additional fees in connection with their services; such fees
        may include, but are not limited to, custodian fees, fund expenses, brokerage, and other
        transaction costs. RedBlack Advisers may deduct such fees from Firm client accounts as
        authorized by clients and agreed upon by the Firm and RedBlack Advisers. Although RedBlack
        Advisers collects Firm fees, such fees vary and are assessed based on a Firm’s contract with the
        client and ADV disclosures.

         RedBlack Advisers may offer a discount program on certain models. If a Firm chooses to
         participate in a model discount program, they have the discretion to determine how the potential
         fee discounts are shared between the Firm and the client. Furthermore, if a Firm chooses to
         participate in a model discount program, they must acknowledge that such program creates a
         conflict of interest, and the Firm shall disclose these conflicts of interest to its clients in
         accordance with regulatory requirements. See Item 4.C for additional information.

     3. Tax management fees: If a Firm opts to implement tax management services not included in the
        model selection itself, fees on a client account typically range between three (3) to five (5) basis
        points and are billed with the RedBlack Managed Services fee.

  As from January 1, 2026, Firms may opt to have the fees listed above billed to the Firm rather than to
  the client. The total fee to the client will be the sum of their financial advisor’s fee (if collected by
  RedBlack Advisers) plus any applicable fees listed above and may be billed in separate transactions.
  Agreements entered into prior to January 1, 2026 will remain unchanged.

Item 7: Types of Clients

RedBlack Advisers' client Firms are registered investment advisers.

RedBlack Advisers does not generally set requirements for opening or maintaining an account. Each Firm is
responsible for setting any account minimums or other requirements as part of the implementation process.