The Westchester Group LLC

Item 5 – Fees and Compensation
The Westchester Group, LLC enters into a management contract with each client detailing investment
parameters, account objectives and fees. Fees may be subject to negotiation. The firm’s annual fees are paid
monthly in arrears based on the daily market value of the assets under management. Fees are debited
directly from each client account. The annual rates are as follows:
       Assets Under Management               Annual Rate
       $0.00 - $10,000,000                   0.60%
       $10,000,001 - $20,000,000             0.40%
       $20,000,001 - $50,000,000             0.30%
       Over $50,000,001                      0.15%

Clients may be responsible for paying transaction costs related to certain security types. Please refer to Item

Item 7 – Types of Clients
The Westchester Group, LLC provides investment advice to institutional clients and high net worth individuals,
families and their related entities. Westchester does not generally impose a minimum portfolio value.

 THE WESTCHESTER GROUP, LLC.                                                                                  4

                                     PART 2A OF FORM ADV: FIRM BROCHURE