Venturi Wealth Management LLC

Item 5. Fees and Compensation
        Venturi offers its services on a fee basis, usually based on assets under management or advisement
        and occasionally fixed or hourly. The fees and expenses applicable to each client are set forth in detail
        in its Advisory Agreement and/or offering document as applicable.

        Investment and Wealth Management Fees

        Venturi offers investment and wealth management services on separate accounts for an annual fee based on
        the amount of assets under the Firm’s management. This management fee is applied in accordance with
        the following graduated tiered fee schedule:

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Disclosure Brochure                                                             Venturi Private Wealth

        As an example of the graduated tiered fee calculation, if the total portfolio value is $4,000,000, the first
        $2,500,000 would be charged at an annual fee rate of 1.00% and the next $1,500,000 would be charged at
        an annual fee rate of 0.85%. The firm has a preferred account minimum of $2,500,000. Smaller accounts
        may be accepted at the discretion of the firm and would be charged an annual fee rate of 1% until assets
        reach the portfolio levels shown above.
        The management fee is prorated and charged monthly, in arrears, based upon the average daily market value
        of the assets being managed by Venturi as valued by the custodian(s).
        Note: Participation in Venturi’s ProActive Strategy incurs an additional 0.08% annual fee on this portion of the
        portfolio to cover costs associated with Venturi’s research partner, Ned Davis Research. This fee is prorated
        and charged monthly to client in a manner consistent with Venturi’s standard fees.

        Fee Discretion
        Venturi may, in its sole discretion, negotiate to charge a lesser fee based upon certain criteria, such as
        anticipated future earning capacity, anticipated future additional assets, dollar amount of assets to be
        managed, related accounts, account composition, account retention and pro bono activities. In addition,
        certain pre-existing/legacy clients may be subject to a different fee schedule than stated herein. Therefore,
        some clients may be paying different fees for the same level of services provided by Venturi.
        Moreover, for asset management services the Firm provides with respect to certain client holdings (e.g.,
        held-away assets, accommodation accounts, alternative investments, etc.), Venturi may negotiate a fee rate
        that differs from the range set forth above.

        Additional Fees and Expenses

        In addition to the advisory fees paid to Venturi, clients may also incur certain charges imposed by other
        third parties, such as broker-dealers, custodians, trust companies, banks and other financial institutions.
        These additional charges may include securities brokerage commissions, transaction fees, custodial fees,
        fees attributable to alternative assets, fees charged by the Independent Managers, margin costs, charges
        imposed directly by a mutual fund or ETF in a client’s account as disclosed in the fund’s prospectus

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Disclosure Brochure                                                          Venturi Private Wealth

        (e.g., fund management fees and other fund expenses), 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. The Firm’s brokerage practices are described at length in Item 12, below.

        Venturi has Special Purpose Vehicles (Private Funds) that include underlying management fees charged by
        the underlying fund, in addition to Venturi’s management fees as described under the Private Fund Fees
        section below.

        Direct Fee Debit

        Clients generally provide Venturi and/or certain Independent Managers with the authority to directly debit
        their accounts for payment of the investment advisory fees. The Financial Institutions that act as the
        qualified custodian for client accounts, from which the Firm retains the authority to directly deduct fees,
        qualified custodians have agreed to send statements to clients not less than quarterly detailing all account
        transactions, including any amounts paid to Venturi.

        Account Additions and Withdrawals

        Clients may make additions to and withdrawals from their account at any time, subject to Venturi’s right to
        terminate an account. For the initial period of an engagement, the fee is calculated on a pro rata basis. When
        a client terminates the relationship with Venturi, accounts are charged only for those days the assets were
        under management.

        Additions may be in cash or securities provided that the Firm reserves the right to liquidate any transferred
        securities or declines to accept particular securities into a client’s account for which Venturi has discretion
        on. Clients may withdraw account assets on notice to Venturi, subject to the usual and customary securities
        settlement procedures. However, the Firm generally designs its portfolios as long-term investments and the
        withdrawal of assets may impair the achievement of a client’s investment objectives. Venturi may consult
        with its clients about the options and implications of transferring securities. Clients are advised that when
        transferred securities are liquidated, they may be subject to transaction fees, short-term redemption fees,
        fees assessed at the mutual fund level (e.g., contingent deferred sales charges) and/or tax ramifications.

        Financial Planning and Consulting Fees
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Item 7. Types of Clients
        Venturi offers investment advisory and family office services to individuals, high net worth individuals,
        families, trusts, estates, pension plans, charitable organizations, other business entities, and pooled
        investment vehicles.

        Minimum Account Values

        As a condition for starting and maintaining an investment management relationship, Venturi generally
        imposes a minimum portfolio value of $2,500,000. Venturi may, in its sole discretion, accept clients with
        smaller portfolios based upon certain criteria, including anticipated future earning capacity, anticipated
        future additional assets, dollar amount of assets to be managed, related accounts, account composition, pre-
        existing/legacy client, account retention, and pro bono activities. Venturi only accepts clients with less than
        the minimum portfolio size if the Firm determines the smaller portfolio size will not cause a substantial

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Disclosure Brochure                                                            Venturi Private Wealth

        increase of investment risk beyond the client’s identified risk tolerance. Venturi may aggregate the
        portfolios of family members to meet the minimum portfolio size.

        Minimum investment for the Private Funds generally ranges from $250,000 to $500,000; the minimum can
        be lowered at the discretion of the General Partner.