Runde & Co LLC

Item 5 – Fees and Compensation
All fees are subject to negotiation without qualification.

The specific manner in which fees are charged by Runde & Co. LLC is established in a client’s
written agreement with Runde & Co. LLC. Runde & Co. LLC bills its fees on a quarterly basis
in arrears. Clients may request in writing to be billed in advance. Clients may elect to be
billed or to arrange with their custodians to allow Runde & Co. LLC to directly debit fees
from client accounts. Management fees shall be prorated for each capital contribution and
withdrawal made during the applicable calendar quarter (with the exception of
contributions and withdrawals less than $10,000.00). Accounts initiated or terminated
during a calendar quarter will be charged a prorated fee. Upon termination of any account,

any prepaid, unearned fees will be promptly refunded, and any earned, unpaid fees will be
due and payable.

Runde & Co. LLC's fee per annum on the assets under management is
       • 1% on the first $2,000,000
       • 0.75% on the next $3,000,000
       • 0.50% on all over $5,000,000

Runde & Co. LLC’s fees are exclusive of brokerage commissions, transaction fees, and other
related costs and expenses which shall be incurred by the client. Clients may 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, which are disclosed in a fund’s prospectus.
Such charges, fees and commissions are exclusive of and in addition to Runde & Co. LLC’s
fee, and Runde & Co. LLC shall not receive any portion of these commissions, fees, and
costs.

Item 12 further describes the factors that Runde & Co. LLC considers in selecting or
recommending broker-dealers for client transactions and determining the reasonableness
of their compensation (e.g., commissions).

Item 7 – Types of Clients
Runde & Co. LLC provides portfolio management services to the following types of clients:
         • High net worth individuals
         • Foundations
         • Corporate pension and profit-sharing plans
         • Other investment advisers

There are no requirements for opening or maintaining an account.