RMR Wealth Management

Item 5 – Fees and Compensation
Program Fees
The Program's standard fee is up to 2.5% annually of the assets under management with a minimum fee
of $1,000.00. RMR's Program fee includes any advisory fees charged by a sub-advisor through Envestnet,
SEI or Fountainhead. These fees will be disclosed separately in the sub-advisory contract. The minimum
fee could create an effective rate higher than the rate agreed upon in the Advisory Contract. In certain
cases, the minimum may be waived based upon business considerations.

The fee paid is deemed compensation for the provision of personal advisory services rendered in
qualifying clients for investment in the program, as well as for ongoing supervision and/or portfolio
monitoring of client assets.

General Consulting Fees
When RMR provides general consulting services to clients, these services are generally separate from
RMR's Managed Account Program services. General consulting will be provided on an hourly or fixed fee
basis as negotiated and agreed upon with the Client prior to work starting. General consulting fees will
be charged on an agreed upon fixed fee, ranging from $1,000 to $25,000, or on an hourly basis, ranging
from $100 to $400 per hour, depending on the nature and complexity of the specified project.
General Information Concerning Fees and Other Client Charges
The specific manner in which fees are charged is disclosed in a client's written Investment Advisory
Agreement. Fees are typically due and payable in advance and are based upon the market value of the
Client's account assets as determined by the Custodian as of the close of business on the last day of the
previous billing period. Billing periods are quarterly, agreed to by contract with the Client. Fees for the
initial quarter are adjusted pro-rata, based upon the number of calendar days in the calendar quarter

that the adviser agreement goes into effect. Fees may be negotiable at the sole discretion of RMR
depending upon a number of factors, including, but not limited to, the amount of the assets under
management, the nature and extent of account relationships, the type and complexity of services
requested, and other factors that RMR deems relevant.

Fees may be charged quarterly in advance or in arrears as disclosed in the separate manager agreement.
Fees charged by mutual funds are detailed in the prospectus. Although RMR believes its fees are
reasonable in light of the services provided, clients should be aware that such fees may be more or less
than the fees and commissions associated with brokerage services purchased separately. The
comparison is dependent upon a number of factors, including the frequency of brokerage activity in the
Client's account, the size of the account under management, and any negotiated fee arrangements with
respect to the account. An investor should consider these factors prior to opening an account.

Clients receive an account statement from their Custodian at least quarterly. The statement includes the
amount of any fees paid directly to RMR. Generally, fees are automatically debited from client accounts
pursuant to a written authorization.

In addition to the advisory fees, clients are subject to certain charges connected with investments made
through the Rep as PM Program, including transaction fees; and mutual fund/Exchange Traded Fund
("ETF") advisory, distribution, early redemption, or other fees. Clients could incur certain charges
imposed by custodians, brokers, third-party investment, and other third parties such as fees charged by
managers, custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer, and
electronic fund fees, and other fees and taxes on brokerage accounts and securities transactions.
Mutual funds and exchange-traded funds also charge internal management fees disclosed in the fund's
prospectus.

Some mutual funds within this program pay 12(b)-1 service fees (typically 0.25% per year) to the
Custodian. The Firm could purchase or recommend mutual funds that offer various share classes,
including some that do not charge 12(b)-1 fees and are, therefore, less expensive. These fee
arrangements will be disclosed upon request of a client and are available in the applicable fund's
prospectus. Typically, RMR does not recommend mutual funds that charge 12(b)-1 fees when other
share classes are available. However, there are instances in which RMR would recommend a mutual
fund that carries a 12(b)-1 fee, even when a lower-cost share class is available for the same fund. For
example, a lower-class share may not be available to RMR due to investment minimums. In other cases,
mutual funds charging 12(b)-1 fees are transferred into RMR. In which case, the Firm may recommend
the Client holds the existing share class instead of selling the fund and buying a lower-cost share, which
could result in a tax liability. In addition, mutual funds charging 12(b)-1 fees will be recommended when
the overall cost is seen as a benefit to the Client if the anticipated transaction fees exceed the
anticipated 12(b)-1 fees. When recommending a particular mutual fund share classes, the different
available share classes are compared and reviewed along with the anticipated investment timeframe,
potential tax consequences, future anticipated transactions, and other costs to determine the best
selection for the Client at that time. RMR does not receive any part of the fees charged by Mutual
Funds.

Account Termination
Upon written receipt of notice to terminate its Client Agreement with any of RMR investment advisory
Programs, and unless specific transfer instructions are received, RMR and its agent will, in an orderly and

efficient manner, proceed with the liquidation of the Client's account. There will not be a charge by us
for such redemption; however, the Client should be aware that certain mutual funds impose redemption
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Item 7 – Types of Clients
RMR generally provides portfolio management services to individuals, high net worth individuals,
Retirement Plans, 401(k) Plans, pensions and profit-sharing plans, and corporations or other businesses.

Conditions for Managing Accounts
See the respective Program Disclosure Documents for more information about the Program fees and
information regarding minimum account sizes. The minimum account size may be different for IRA
accounts. Under certain limited circumstances, the minimum may be waived. Envestnet, SEI, or
Fountainhead may act as sub-adviser for the advisory programs. The Client should refer to the
respective manager's Disclosure Document, as appropriate, to determine the minimum and maximum
account sizes permitted.