Westbourne Investment Advisors Inc

Item 5. Fees and Compensation
Advisory Fee Schedule

WIA provides investment advisory services for a percentage of client assets under management
or for a fixed quarterly fee. The firm charges no other fees. Investment advisory fees do not
exceed 1.50% per annum and are negotiable. Fee schedules are specified in each client's
investment advisory agreement. For example, for a $1,000,000 portfolio, if the agreed upon fee
was 0.75% per annum, the annual fee would be $7,500. If the agreed upon fee was 1.00%, the
annual fee would be $10,000. In instances where advisory fees are tiered (for example, 0.75%
per annum on the first $2,000,000 and 0.50% per annum thereafter) and WIA manages multiple
accounts for the same client, a quarterly advisory fee will be calculated based upon the accounts'
total value, and the fee will be proportionally allocated among the accounts in the group.
Payment Procedures

WIA bills client accounts quarterly in advance. The firm calculates invoice amounts using
accounts' valuations at the end of the previous quarter. If an account is opened during a quarter,
WIA prepares a prorated fractional invoice covering the portion of the quarter the account was
managed. The firm calculates this fractional invoice using the account's value at the end of the
business day before the date it was under management and initial trades were made in the
account. For example, if an account with a fee of 0.75% per annum and a valuation of
$1,000,000 at the end of the business day before it was under management was billed for 45 days
of a 90-day quarter, the management fee would be $937.50 (half of the quarterly fee of $1,875 or
one-eighth of the annual fee of $7,500).
WIA deducts advisory fees from client accounts or submits an invoice to the account broker or
custodian, which the broker or custodian pays from client account assets. If WIA manages
multiple accounts for a client and the client wishes to do so, the firm will deduct a client's
advisory fees for one account from another WIA-managed account. For example, if WIA
manages both a taxable portfolio and a non-taxable IRA account for a client, WIA will deduct
the fees for both accounts from the taxable portfolio if the client desires.

Although advance quarterly payment of investment advisory fees through deductions from
clients' assets is WIA's standard method of billing, WIA and clients may mutually agree to
alternative billing arrangements. For example, if a client requests, WIA will send the advance
quarterly management fee invoice for a portfolio directly to a client for payment from non-
account assets.

Investment Advisory Fee Refunds

If a client terminates an investment advisory agreement during a quarter in which the investment
advisory fees have been invoiced and paid, the client will receive a prorated fee refund for the
remaining portion of the quarter. For example, if a client has paid $1,000 in quarterly advisory
fees and terminates an advisory agreement after 45 days of a 90-day quarter, the client will

                             Westbourne Investment Advisors, Inc.
                    Part 2A of Form ADV - Firm Brochure – March 3, 2026

receive a $500 refund (50% of the quarterly advisory fee). WIA also charges no penalty for
closing an account.

Other Fees

Besides WIA's investment management fees, clients will pay additional brokerage fees and
expenses in connection with the firm's advisory services. Fees charged by the brokers are
separate, fully disclosed to clients in advance, and can include possible broker annual account
custodial or safekeeping fees, brokerage fees, small SEC transaction fees on equity sales, small
fees for mutual funds and trade-away transactions, and interest charges if an account uses
margin. Bonds are traded on a spread between bid and asked prices, with the spread being
essentially the broker's fee.

For additional discussion of WIA's brokerage arrangements see Item 9 - Brokerage Practices

Because a portion of some clients’ portfolios are invested in mutual funds, these clients may also
pay two levels of advisory fees for their assets. One fee, as discussed above, is paid directly to
WIA, and the second fee is paid indirectly to the managers of the mutual funds held in these
clients’ portfolios.

ERISA Accounts
WIA is deemed to be a fiduciary to advisory clients that are employee benefit plans or individual
retirement accounts (IRAs) pursuant to the Employee Retirement Income and Securities Act
(“ERISA”), and regulations under the Internal Revenue Code of 1986 (the "Code"), respectively.
As such, our firm is subject to specific duties and obligations under ERISA and the Internal
Revenue Code that include among other things, restrictions concerning certain forms of
compensation. To avoid engaging in prohibited transactions, WIA may only charge fees for
investment advice about products for which our firm and/or our related persons do not receive
any commissions or fees.
Sales of Securities and Investment Products

Neither WIA nor any of its supervised persons or any of WIA's affiliates and their supervised
persons receives compensation for the sale of securities or other investment products, including
asset-based sales charges or service fees from the sale of mutual funds.

Item 7. Types of Clients
See Item 1 - Advisory Business (Advisory Services section)

                             Westbourne Investment Advisors, Inc.
                    Part 2A of Form ADV - Firm Brochure – March 3, 2026