Riggs Asset Management Co Inc

Item 5      Fees and Compensation

  A. The client can determine to engage Riggs to provide discretionary investment advisory
     services on a fee-only basis.

         INVESTMENT MANAGEMENT SERVICES
         In the event the client determines to engage Riggs to provide discretionary management
         services on a fee-only basis, Riggs shall charge an annual investment management fee
         based upon a percentage of the market value of the assets being managed by Riggs as
         follows:

                        ASSETS                   ANNUAL FEE
                       First $5,000.000          1.0%
                       Next $5,000,000           0.85%
                       Next $5,000,000           0.75%
          Above $15,000,000 fee is negotiable:

         Riggs' annual investment advisory fee shall include investment advisory services, and, to the
         extent specifically requested by the client, limited consultation services to its investment
         management clients on investment and non-investment related matters. Any such
         consultation services, to the extent rendered, shall be rendered exclusively on an unsolicited
         basis.

         Riggs may engage an unaffiliated sub-advisor to provide sub-advisory and investment
         management services for client investment assets. Riggs is not affiliated with First Trust
         Direct Indexing L.P., a registered investment advisor with the U.S. Securities and Exchange
         Commission. As a part of Riggs’ engagement of First Trust Direct Indexing L.P. as a sub
         advisor, the client will bear a new or additional annual fee rate of 0.30% of the account value
         per year with a minimum fee of $1,500 per account per year which is billed directly to client
         accounts as a part of an increased Riggs bundled fee. Such rate may be in addition to Riggs’
         base fee rate. This additional or bundled fee rate is set forth in client’s agreement.

         Riggs may also render investment advice through consultations, reviews, or studies not
         involving investment management services, for which Riggs shall generally bill the client
         at the hourly rate of $300.00.

         Riggs may offer the services related to running a family office for which it contracts a fixed
         charge related to the services provided.

         Margin Accounts: Risks/Conflict of Interest. Riggs does not recommend the use of
         margin for investment purposes. A margin account is a brokerage account that allows investors
         to borrow money to buy securities and/or for other non-investment borrowing purposes.
         The broker/custodian charges the investor interest for the right to borrow money and uses
         the securities as collateral. By using borrowed funds, the customer is employing leverage that
         will magnify both account gains and losses. Should a client determine to use margin, Riggs
         will include the entire market value of the margined assets when computing its advisory
         fee. Accordingly, Riggs’ fee shall be based upon a higher margined account value, resulting
         in Riggs earning a correspondingly higher advisory fee. As a result, the potential of conflict

    of interest arises since Riggs may have an economic disincentive to recommend that the
    client terminate the use of margin. Please Note: The use of margin can cause significant
    adverse financial consequences in the event of a market correction. ANY QUESTIONS:
    Our Chief Compliance Officer, Susan Shoemaker, remains available to address any
    questions that a client or prospective client may have regarding the use of margin.

 B. Clients may elect to have Riggs’ management fees deducted from their custodial account.
    Both Riggs' Investment Advisory Agreement and the custodial/clearing agreement may
    authorize the custodian to debit the account for the amount of Riggs' investment
    management fee and to directly remit that management fee to Riggs in compliance with
    regulatory procedures. In the limited event that Riggs bills the client directly, payment is
    due upon receipt of Riggs’ invoice. Riggs shall deduct fees and/or bill clients quarterly
    in advance, based upon the market value of the assets on the last business day of the previous
    quarter.

C. When requested to recommend a broker-dealer/custodian for client accounts, Riggs
   generally recommends that Schwab serve as the broker-dealer/custodian for client investment
   management assets. Broker-dealers such as Schwab charge brokerage commissions,
   transaction, and/or other type fees for effecting certain types of securities transactions (i.e.,
   including transaction fees for certain mutual funds, and mark-ups and mark-downs charged
   for fixed income transactions, etc.). The types of securities for which transaction fees,
   commissions, and/or other type fees (as well as the amount of those fees) shall differ
   depending upon the broker-dealer/custodian (while certain custodians, including Schwab,
   generally do not currently charge fees on individual equity transactions (including ETFs),
   others do. Please Note: there can be no assurance that Schwab will not change their
   transaction fee pricing in the future). When beneficial to the client, individual fixed‐income
   and/or equity transactions may be effected through broker‐dealers with whom Riggs and/or
   the client have entered into arrangements for prime brokerage clearing services, including
   effecting certain client transactions through other SEC registered and FINRA member
   broker‐dealers (in which event, the client generally will incur both the transaction fee charged
   by the executing broker‐dealer and a “trade-away” fee charged by Schwab). These
   fees/charges are in addition to Riggs’ investment advisory fee at Item 5 below. Riggs does
   not receive any portion of these fees/charges.
...

Item 7   Types of Clients

   Riggs’ clients generally include individuals, business entities, pension and profit-sharing plans,
   trusts, estates and charitable organizations. Riggs, in its sole discretion, may charge a lesser
   investment management fee, charge a fixed fee, or charge no fee based upon certain criteria
   (i.e. anticipated future earning capacity, anticipated future additional assets, dollar amount
   of assets to be managed, related accounts, account composition, grandfathered fee
   schedules, employee/family accounts, courtesy accounts, competition, negotiations with
   client, etc.). Please Note: As result of the above, similarly situated clients could pay different
   fees. In addition, similar advisory services may be available from other investment advisers for
   similar or lower fees. ANY QUESTIONS: Riggs’ Chief Compliance Officer, Susan
   Shoemaker, remains available to address any questions that a client or prospective client may
   have regarding advisory fees.