RJP Investment Advisors LLP

Item 5: Fees and Compensation
  A.​ Adviser is compensated for its advisory services primarily by fees charged based on a client’s
      assets under management with Adviser. Fees are negotiable, and each client’s specific fee
      schedule is included as part of the investment advisory agreement signed by Adviser and the
      client.​
      ​
      Adviser’s standard fee schedule is set forth below, subject to negotiation with a client. The
      minimum annual fee for Adviser’s standard fee schedule is $5,000 per year, charged in quarterly
      increments.​

           Client Assets Under Management                                  Annual Fee Percentage
                                                                              (paid quarterly)
                 For the first $1,000,000                                          1.00%
                 For the next $1,000,000                                           0.70%
                 For the next $1,000,000                                           0.50%
                 For the next $2,000,000                                           0.40%
                For all amounts thereafter                                         0.35%

      For both for-profit and not-for-profit institutions with managed account balances in excess of
      $5,000,000, Adviser offers the fee schedule set forth below, subject to negotiation with a client.
      The minimum annual fee for Adviser’s institutional fee schedule is $25,000, charged in quarterly
      increments.

           Client Assets Under Management                                  Annual Fee Percentage
                                                                              (paid quarterly)
                 For the first $40,000,000                                         0.20%
             For amounts above $40,000,000                                         0.05%

      Generally, not-for-profit institutional clients with managed account balances less than $5,000,000
      receive a discount of fifteen percent (15%) from Adviser’s standard fee schedule.

  B.​ The fee schedule above is a “tiered” or “blended” fee schedule, which means that different annual
      fee percentages will apply to different ranges of client assets under Adviser’s management. Fees
      are deducted in advance on a quarterly basis from clients’ assets and based upon the market
      value of such assets managed by Adviser as of the last business day of the prior calendar
      quarter. Outstanding margin balances and cash are included in the assets upon which fees are
      assessed.​

  C.​ In addition to the fees charged by Adviser, clients will incur brokerage and other transaction costs.
      Please refer to Item 12: Brokerage Practices, for further information on such brokerage and other
      transaction-related practices. Depending on the specific investment products held in a client’s
      account and the services provided, a client may also incur additional fees and costs charged by
      other independent and unaffiliated third-parties. Such additional fees and costs may include, but
      are not necessarily limited to, the internal fees and costs of an investment product (like a mutual
      fund or exchange traded fund), margin interest, account or asset transfer fees, subadvisory or
      third-party investment manager fees, account type fees, early redemption charges, market-maker
      or bid-ask spreads, retirement plan fees, fees for receiving paper copies of documents in lieu of
      electronically-delivered documents, and other fees and taxes on brokerage accounts and
      securities transactions. These additional charges are separate and apart from the fees charged
      by Adviser. Fees charged by FPAS in consideration of its services are paid directly by Adviser
      (and not by clients). Lower fees for comparable services may be available from other sources.

                                     Date of Brochure: February 09, 2026

D.​ If Adviser or client terminates the advisory agreement before the end of a quarterly billing period,
    Adviser’s fees will be prorated through the effective date of the termination. The pro rata fees for
    the remainder of the quarterly billing period after the termination will be refunded to the client.

E.​ Neither Adviser nor any of its supervised persons accepts compensation for the sale of securities
    or other investment products.

                                   Date of Brochure: February 09, 2026

Item 7: Types of Clients
Adviser generally provides its services to individuals, high-net-worth individuals, charitable organizations,
and other corporations/businesses. Adviser does not require a minimum account value to open or
maintain an account, though it does charge minimum annual fees as set forth in Item 5, above.

                                       Date of Brochure: February 09, 2026