Westfuller Advisors LLC

Item 5 – Fees and Compensation
SRI Portfolio Management
Westfuller and BWF Client advisory agreements set out the specific manner in which we are
compensated. Depending on the scope of services and the applicable Client agreement, Clients
may pay either an asset-based fee or a fixed fee. Fees are generally negotiable and may vary from
Client to Client based on a number of factors. Pursuant to specific Client authorization, Westfuller
and BWF shall either directly invoice clients or instruct the account custodian to directly debit our
fees from the Client’s account.

Certain legacy Westfuller and BWF Clients are charged under fee schedules that differ from the
schedules described below pursuant to prior agreements.

Westfuller and BWF may negotiate a lesser investment management fee based upon certain criteria
such as anticipated future additional assets, related accounts, family members’ accounts, account
composition, dollar amount of assets in excess of investment minimums, pro bono activities, etc.
Independent Portfolio Managers may have minimum fee or portfolio size requirements that differ
from those described below.

Westfuller Institutional Clients:
Asset-based Fee
Westfuller generally charges an annual asset-based fee ranging from 0.25% to 1.00% of assets
under management. Certain clients are charged pursuant to a tiered fee schedule; however, the
annual fee will not exceed 1.00%. Advisory fees are billed quarterly, in arrears. Fees are calculated
based on the average month-end balance of Public Assets during the applicable billing period and
the preceding quarter-end statement value of Private Assets, as determined by the applicable
account custodian(s) and fund administrator(s).

Client contributions, withdrawals, and other capital inflows and outflows are reflected in the values
used to calculate the advisory fee for the applicable billing period.

Westfuller Non-Institutional Clients:
Asset-based Fee
Westfuller generally charges an annual asset-based fee ranging from 0.60% to 1.75% of assets
under management. Certain clients are charged pursuant to a tiered fee schedule; however, the
annual fee will not exceed 1.75%. Advisory fees are billed monthly or quarterly, in arrears, based
on the prior quarter-end statement value of the account as computed by the account custodian.

Client contributions, withdrawals, and other capital inflows and outflows are reflected in the values
used to calculate the advisory fee for the applicable billing period.

Independent Portfolio Managers
As described in Item 4, upon request, Westfuller can introduce Clients to Independent Portfolio
Managers that, based on our due diligence, we believe are suitable to manage all or a portion of a
Client’s investment portfolio. Fees charged by Independent Portfolio Managers are separate from
and in addition to the advisory fees charged by Westfuller. Westfuller does not receive any
compensation from Independent Portfolio Managers.

When an Independent Portfolio Manager is engaged, the client will enter into the applicable
agreement(s) governing the relationship and will be provided with the Independent Portfolio
Manager’s Form ADV Part 2A or other required disclosure brochure. Westfuller will continue to
assist with the development of the IPS recommendations, Independent Portfolio Manager
selection, and the ongoing Client relationship, as applicable.

In most cases, the combined annual fee paid by the Client, inclusive of Westfuller’s fee and the
Independent Portfolio Manager’s fee, will not exceed 2.00%. For certain alternative investments,
including private equity, hedge funds, and real estate funds, the total blended fee may be as high
as 2.75%.

BWF Clients:
Asset-based Fee
BWF generally charges an annual asset-based fee of no higher than 0.70% for OCIO solutions
provided to Clients. Advisory fees are billed quarterly, in arrears, based on the prior quarter-end
statement value of the account as computed by the account custodian. Client contributions,
withdrawals, and other capital inflows and outflows are reflected in the values used to calculate
the advisory fee for the applicable billing period.

Fees charged by Independent Portfolio Managers are separate from and in addition to the advisory
fees charged by BWF. BWF does not receive any compensation from Independent Portfolio
Managers.

In most cases, the combined annual fee paid by the Client, including BWF’s fee and the
Independent Portfolio Manager’s fee, will not exceed 2.00%. For certain alternative investments,
including private equity, hedge funds, and real estate funds, the total blended fee may be as high
as 2.75%.

For certain BWF Clients, an additional administration fee of 0.20% (20 bps) is charged on legacy
investments that cannot be managed by BWF on a discretionary basis.

Financial Planning
Financial planning services are offered as an additional service to Westfuller Clients. Financial
planning fees are generally fixed and vary based on the scope and complexity of the engagement
and, where applicable, the client’s asset level. By way of example, Clients with assets under
management below $1,000,000 are generally charged $7,500 for financial planning services, while
Clients with assets under management between $1,000,001 and $5,000,000 are generally charged
up to $5,000. Westfuller does not generally charge a separate fee for these services for Clients with
assets under management above $5,000,000. All fees are reviewed with the Client in advance, are
negotiable, and may vary from Client to Client, based on a number of factors. For certain financial
planning engagements, a portion of the fee may be due upon execution of the client agreement,
with the balance due upon completion of the financial plan, as set forth in the applicable client
agreement.

Fixed Fees:
At a Client’s request, BWF or Westfuller may agree to an annual fixed fee for portfolio
management services, financial planning services, and consulting services. Fixed fees are
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Item 7 – Types of Clients
Westfuller provides investment advisory services to ultra-high-net worth individuals, high-net
worth individuals, charitable institutions, foundations, endowments, corporate pension and profit-
sharing plans, and businesses.

Westfuller accepts new Clients who have a minimum initial balance of $3 million of total assets
under management for individuals and families and a minimum balance of $20 million of total
assets under management for institutions, though the firm reserves the right to grant exceptions.
Fees and investment minimums are subject to negotiation and may differ based on factors
including the amount of assets, number of accounts, levels of contributions/distributions, and the
number and range of supplemental advisory and client-related services provided.

Westfuller Client relationships are subject to a minimum annual advisory fee of $20,000.
Accordingly, Clients whose household account balances are less than $3 million will pay advisory
fees at an effective rate for portfolio management services that may not be appropriate for such
accounts.

BWF accepts new Clients who have a minimum initial balance of $25 million of total assets under
management for non-profit institutional clients and family offices. This amount may be waived by
BWF on a case-by-case basis and typically if there is reasonable assurance the account will grow
to $25 million or more.