Wescott Financial Advisory Group LLC

Item 5: Fees & Compensation

Advisory Fees & Billing Practices
Wescott charges advisory fees based on a variety of fee structures, depending on the specific advisory service
selected. These fee arrangements may include asset-based fees calculated as a percentage of assets under
management (“AUM”), fixed or flat fees, hourly fees, and financial planning retainers, as applicable. Fees are
assessed in accordance with the fee schedules described below and in the applicable executed Advisory
Agreement.

Unless otherwise disclosed for a particular service, advisory fees are generally billed at the start of the engagement
and quarterly in advance, based on the value of the Client’s investment portfolio as of the end of the prior
calendar quarter. Certain services, such as financial planning, consulting, or trustee services, may be billed on a
different basis (e.g., fixed fee, hourly, or pursuant to a separate agreement), as described herein.

Required Disclosure Documents
Wescott will deliver its Form ADV Part 2A Disclosure brochure, Form ADV Part 3 (Form CRS), and applicable IARs’
Form ADV Part 2B brochure supplement(s) to Clients as required by applicable law, either before or at the time of
entering into an Advisory Agreement. If a Client does not receive these disclosure documents at least 48 hours
prior to executing an Advisory Agreement, the Client may terminate the agreement within five (5) business days
of execution without penalty or advisory fees. (See “Additions, Withdrawals & Terminations” for further details.)

Fee Negotiation
Wescott may, in its sole discretion, elect to waive its minimum fee for any of the following services based upon
certain criteria. In determining whether to negotiate advisory fees or waive minimum account requirements, the
firm considers a variety of factors, including the Client’s financial circumstances, the amount of assets placed
under management, anticipated future contributions or earning capacity, related accounts, portfolio and account
composition, reporting requirements, the nature and scope of services provided, Client tenure, account retention
considerations, and pro bono activities.

For fee determination purposes, Wescott may aggregate related Client accounts—such as accounts held by
members of the same household, family members, or related entities—to satisfy minimum account requirements
and establish advisory fee levels based on the combined asset balance.

As a result of negotiated and discretionary pricing arrangements, similarly situated Clients may pay different
advisory fees for the same or substantially similar services. Clients should also be aware that lower fees for
comparable services may be available from other investment advisers or financial service providers.

Fee Prepayment Limitation
Regardless of fee negotiation, under no circumstances does Wescott require or solicit payment of advisory fees
in excess of $1,200 per Client more than six (6) months in advance of services rendered.

Legacy Fees
Since Wescott began providing investment management services, it has utilized various advisory fee schedules,
including certain legacy fee arrangements, that may differ from those currently described herein. From time to
time, the Adviser may implement new advisory fee schedules. Such fee schedule changes generally apply only to
new Clients entering into Advisory Agreements after the effective date of the latest schedule. The advisory fees
charged to existing Clients are typically not affected by the adoption of new advisory fee schedules, unless
otherwise mutually agreed in writing. As a result, some existing Clients may pay advisory fees that differ from
those described in this brochure, including fees that may be higher or lower than those currently offered for
comparable advisory services.

Fee Changes
Wescott may modify its Fee Schedule upon at least thirty (30) days’ prior written notice to the Client. Any such
change will apply prospectively and will be subject to the Client’s right to object and terminate the Advisory
Agreement without penalty prior to the effective date of the change.

Impact of Advisory Fees
Advisory fees are an ongoing expense and, when deducted from a Client’s account, reduce the assets available for
investment. Over time, advisory fees may cumulatively affect portfolio performance and overall growth. Clients

should consider the long-term impact of advisory fees and are encouraged to raise any questions or concerns
regarding fees, costs, or compensation with their IAR.

The following describes the fees and compensation for each advisory service offered by Wescott:

Wealth Management Program Services
The annual Wealth Management Program services advisory fee is calculated as a percentage of assets under
management (“AUM”) pursuant to a graduated Standard Fee Schedule, as disclosed in and governed by the
Client’s executed Advisory Agreement:

                                      Wealth Management Program Services
                                        Standard Advisory Fee Schedule
                                                                             Annual
                               Assets Under Management
                                                                           Advisory Fee
                                Minimum Requirement:
                                                                              1.25%
                                      $2,000,000
                                $2,000,001 – $5,000,000                       1.00%
                                $5,000,001 – $7,000,000                       0.75%
                                 $7,000,001 and above.                        0.50%

                           Lower fees for comparable services may be available from other sources.

The minimum account requirement may be waived or adjusted at the firm’s discretion; however, Clients remain
...

Types of Clients
Wescott provides investment advisory services to a diverse range of Clients, including the following:

    •   High‑net‑worth individuals.
    •   Individuals (other than high‑net‑worth individuals).
    •   Charitable organizations.
    •   Family offices.
    •   Irrevocable trusts.
    •   Pension and profit‑sharing plans (other than plan participants).
    •   Corporations and other businesses not listed above.

Minimum Account Size
The minimum account sizes to participate in Westcott’s advisory services programs are as follows:

Wealth Management Program Services
The minimum account size is $2,000,000, which is negotiable under certain circumstances. However, Clients may
remain subject to a minimum annual advisory fee of $25,000. Related Client accounts may be aggregated to meet
minimum requirements.

Selection of Other Advisors Services
Third‑Party Management Referral Services
There is no minimum account size required to participate in this service. Clients are subject to the minimum
account requirements established by the referred third‑party manager, as disclosed in the TPM’s Form ADV and
separate investment management agreement.

Independent Third‑Party Management Services
There is no separate Wescott‑imposed minimum beyond the underlying program. Clients may be subject to
minimum account requirements imposed by the selected Independent Manager, as disclosed in the Independent
Manager’s investment management agreement. In selecting a referred manager, the Client is responsible for
understanding the account minimums, requirements, and fee agreement they execute with their referred third-
party manager.

Entrada® Management Program
The minimum account size is $500,000, which is negotiable under certain circumstances. However, Clients remain
subject to a $1,500 annual minimum fee. Related accounts may be aggregated to meet the minimum.

MRK Powered by Wescott Initial Wealth Management Plan Services (“MRK PBW”)
There is no minimum account size required to participate in this service, which is provided for a fixed planning fee
based on role and/or investable assets.

MRK Powered by Wescott Wealth Management Program (“PARTNERS Program” for legacy APS Clients only.)
The minimum account size requirement is $250,000, subject to a $3,500 minimum annual fee and any
grandfathered contractual terms.

Family Office Solution Services
The minimum annual fee requirement is $50,000. There is no stated asset minimum; the minimum annual fee
drives eligibility.

Financial Planning & Consulting Services
There is no minimum account size or asset level to provide financial planning and consulting services. These
services may be provided on a standalone basis or in conjunction with other advisory services, pursuant to a
written agreement that outlines the scope of services and applicable fees.

Legacy SUNSET & PIMA Programs
This advisory program is no longer offered to new Clients. Existing Clients remain subject to the original
Agreement’s minimum account size requirements and terms.

Retirement Plan & Pension Consulting Services
The minimum plan asset size is $2,000,000. Account size and fees may be negotiable under certain circumstances.
Engagement terms, including the scope of services and compensation, are defined in the applicable advisory or
consulting agreement and may vary based on plan characteristics, fiduciary responsibilities, and service
complexity.

Asset Allocation Services
There is no minimum account size requirement for these services, which are provided on a non‑discretionary,
hourly basis.

Wescott Trust Services
The minimum trust asset size is $800,000, as governed by the applicable Trust Services Agreement.

Education Seminars & Workshop Services
Participation in Wescott’s educational seminars and workshops does not require the establishment or
maintenance of an advisory account. Thus, there is no minimum account requirement.

Certain investment products, custodial platforms, or third‑party investment vehicles recommended or utilized by
Wescott may impose their own minimum investment amounts, balance requirements, or fees. These
requirements are determined by the product sponsor, custodian, or third-party—not by Wescott.

Clients are encouraged to review applicable disclosure documents and agreements to understand any such
minimums before and during the investment process.