Slatestone Wealth LLC

Item 5 – Fees and Compensation
The specific fees charged to each client are disclosed in the client’s Investment Management Agreement or
Consulting Agreement prior to the commencement of the advisory relationship.

SlateStone’s fees are generally assessed as described below.

Private Client and Family Office Services
SlateStone generally charges an advisory fee for Private Client and Family Office Services based on assets
under management, which may include both discretionary and non-discretionary assets depending on the
scope of services provided.

Annual fees for these services typically range from approximately $24,000 to $150,000, depending on the
size, complexity, and scope of the client relationship. Fees are negotiable and may be structured as either an
asset-based fee or a flat fee, based on the client’s specific needs and allocation parameters.

Investment Advisory Services
For Customized Investment Management Services and Strategic Allocation Portfolio Management Services,
SlateStone generally charges a tiered asset-based advisory fee calculated on the total market value of the

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assets in the client’s portfolio.

The current fee schedule for new clients is:

 Assets Under Management                                         Annual Advisory Fee

 First $2,000,000                                                1.00%

 Next $3,000,000                                                 0.85%

 Next $5,000,000                                                 0.70%

 Next $10,000,000                                                0.50%

 Assets above $20,000,000                                        0.25%

Advisory fees are calculated using a tiered schedule in which different portions of assets are billed at the
corresponding rate.

The minimum annual advisory fee is $10,000.

In certain circumstances, SlateStone may accept relationships below its typical investment minimums. In
such cases, fees may begin at 1.25% annually and decrease as assets under management increase.

SlateStone’s advisory fees are negotiable and may be reduced or waived at the firm’s discretion based on
factors such as:
    •   anticipated future additional assets
    •   the dollar amount of assets to be managed
    •   related client relationships
    •   the composition of assets being managed
    •   the complexity of services provided

Clients who joined SlateStone through corporate mergers or acquisitions may retain pre-existing fee
schedules.

Financial Planning and Consulting Services
Financial planning and consulting services may be provided as part of a comprehensive wealth management
engagement or as a standalone service.

Standalone financial planning services are typically provided for a flat fee beginning at $5,000, depending on
the scope and complexity of the engagement.

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Billing and Payment of Fees
All of SlateStone’s services follow the Billing and Payment of Fees as outlined below.
SlateStone’s asset-based advisory fees are generally billed quarterly in advance and are calculated based on
the market value of assets in the account on the last business day of the prior quarter.

Clients are required to authorize SlateStone to deduct advisory fees directly from their custodial accounts. In
instances where fee deduction is not available, SlateStone will invoice the client directly, and payment is due
upon receipt.

Assets are valued using pricing information provided by the client’s custodian or other recognized pricing
services. Private investments that do not have daily market values will generally be valued using the most
recent valuation provided by the issuer, fund manager, or custodian. If updated valuations are not available,
the investment may be valued at cost until an updated valuation is provided.

Account statements provided by the custodian will reflect all account transactions and positions, including
advisory fees deducted from the account. Clients are encouraged to review custodial statements carefully.
SlateStone does not accept compensation from the sale of securities and does not share in brokerage
commissions or transaction costs.

SlateStone does not require or solicit payment of advisory fees in excess of $1,200 more than six months in
advance of services.

Unless otherwise stated, SlateStone’s advisory fees do not include brokerage commissions, transaction
costs, custodial fees, or other related expenses, which are described below.

Cancellation Process, Accrued Fees, and Refunds
Clients may terminate the advisory relationship at any time by providing written notice without penalty,
subject to the minimum service fee provisions described below.

Clients have five (5) business days from the execution of the Investment Management Agreement to
terminate services and receive a full refund of any fees paid.

Upon receipt of a written termination notice, SlateStone will cease providing advisory services and
implement any reasonable written client instructions regarding the account.
If an account is terminated during a billing period, any prepaid advisory fees will be prorated to the date of
termination and refunded to the client.

A one-time fee of $1,000 may apply to cover account setup and advisory services if the client terminates the
relationship within 180 days of account inception.

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Clients receiving Private Client, Family Office, or Consulting Services who terminate their relationship within
twelve months of inception may be subject to a minimum fee of $10,000 to cover the costs of services
provided. This fee is deducted from any reimbursement owed to the client for prepaid fees.

For Private Fund clients, any remaining advisory fee due upon termination will be calculated based on the
most recent valuation of the client’s investment in the private fund.

Additional Fees and Expenses
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Item 7 – Types of Clients
SlateStone provides advisory services to a variety of clients including:
    •   high-net-worth individuals
    •   entrepreneurs and business owners
    •   professionals
    •   multi-generational families
    •   trusts and estates
    •   foundations and endowments
    •   employee benefit plans

SlateStone generally requires a minimum account size of $1,000,000 to establish an investment advisory
relationship. The firm may waive this minimum at its discretion based on factors such as the anticipated size
of the relationship, related accounts, or the scope of services provided.

Employee Benefit Plans (ERISA)
SlateStone may provide advisory services to employee benefit plans subject to the Employee Retirement
Income Security Act of 1974 (“ERISA”).

In certain cases, SlateStone may provide non-discretionary investment advice to plan fiduciaries by
recommending a menu of investment options from which plan participants may select.

In other cases, if retained as an investment manager under ERISA Section 3(38), SlateStone may provide
discretionary investment management services for plan assets.