Washington Trust Advisors Inc

Item 5 – Fees and Compensation
The description below of the Adviser’s fees and compensation is intended to provide a summary of the more typical fee
structures, and it is not intended to depict every fee or compensation arrangement. Clients will be billed quarterly in arrears.
The investment management fee for investment advisory contracts managed through our Connecticut and Massachusetts
offices will be calculated based on the average daily balance of all managed assets held during the calendar quarter. Fees for
investment advisory contracts managed through our Rhode Island office will be calculated based on the fair market value of all
managed assets held as of the last business day of the current billing period.

Compensation for Investment Management and Advisory Services
The fees charged by the Adviser may vary, contingent upon the individual circumstances of the client. Factors influencing this
variability include the overall scope of the client-adviser relationship, the makeup of the portfolio, projected future asset
additions, family assets, associated accounts, existing fee structures, courtesy arrangements, holdings with low-cost basis,
specific passively managed investments, and prior client relationships. The Adviser’s fees and compensation for investment
management and advisory services typically are as follows:

The Adviser’s standard investment management fee schedule for accounts over which the Adviser has discretionary authority
(“Managed Accounts”) are:
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    •   0.90% per annum on the first $1,500,000 of assets under management, plus
    •   0.75% per annum on the next $1,500,000 of assets under management, plus
    •   0.65% per annum on the next $7,000,000 of assets under management, plus
    •   0.40% per annum on the next $10,000,000 of assets under management, plus
    •   0.30% per annum for assets under management over $20,000,000. Minimum annual fee: $7,500

The Adviser reserves the right to impose a minimum of $1,500,000 of assets under management to open a portfolio
management relationship. This minimum relationship size and annual fee may be negotiable under certain circumstances.

The Adviser’s investment management fee annual rates for accounts over which the Adviser has discretionary authority
(“Managed Accounts”) and its parent company serves as a fiduciary (i.e., “Corporate Trustee”) in an investment strategy
relating primarily to equity securities may range from 0.30 percent to 1.25 percent of the Managed Account’s total value.

Fiduciary Acknowledgement
Fee rates and the basis of their calculations are negotiated between the Adviser and the client and take into consideration the
scope of management or advisory activities involved, the size of the account, the complexity of the assets managed or advised,
the client’s particular investment objectives and needs, and the other activities between the Adviser and its affiliates and the
client. Compensation for employee benefit plans is subject to applicable regulations under the Department of Labor (“DOL”)
and the Employee Retirement Income Security Act (‘ERISA”). We are fiduciaries under the Investment Advisers Act of 1940,
and when we provide investment advice to clients regarding retirement plans or individual retirement account. We are also
fiduciaries within the meaning of Title 1 of ERISA, as applicable, which are laws governing retirement accounts. We are
required to act in the best interest of clients and not put our interest ahead of clients. As a result, we must give prudent advice
and avoid misleading statements regarding fees, investments, conflicts of interest, and give advice that is in the client’s best
interest.

Compensation for Financial Planning Services
The Adviser’s fees and compensation for financial planning services, including implementation, typically are included in the
investment management fee for all Washington Trust Wealth Management® clients.

Compensation for Other Services
From time to time, a client may request, and the Adviser agrees to perform asset management and related services that are
not included within the investment management services typically provided by the Adviser. In those cases, the Adviser’s
compensation is negotiated by the parties.

Payment of Compensation
The Adviser generally is given authority by a client pursuant to the investment management or advisory agreement to
withdraw its fees directly from the client’s Managed Account or from another client account. From time to time, the Adviser
may bill a client directly for its investment management and/or advisory fees.

Investment management and advisory fees are typically billed in arrears. Accounts are billed based on the average daily
balance over the preceding quarter for investment advisory contracts managed through our Connecticut and Massachusetts
offices. For investment advisory contracts managed through our Rhode Island office, accounts are billed based on the fair
market value of all managed assets held as of the last business day of the current billing period.

All billing arrangements are negotiated by the Adviser and the client and are reflected in the client’s investment management
and/or advisory agreement with the Adviser.

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Other Types of Fees or Expenses
Subject to its governing documents, an account generally will bear all out-of-pocket costs, fees, expenses, and liabilities that are
incurred by, or arise out of the operation and activities of or otherwise are related to, such account, including those incurred by
the Adviser on behalf of, or are allocable to such account. In addition to our advisory fees, clients are responsible for the fees
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Item 7 – Types of Clients
The Adviser provides portfolio management services to individuals, high-net-worth individuals, trusts, estates, corporate
pension and profit-sharing plans, charitable institutions, foundations, endowments, and other business entities. As disclosed, the
investment services/products offered by the Adviser impose their own minimum account size and, in some cases, minimum
fee requirements, based on the nature of the service(s) being provided. The Adviser’s Form ADV Part 1A discloses the
breakdown by client type and asset size. These amounts may change over time and are updated at least annually by the
Adviser.