Williams Jones Wealth Management LLC

Item 5 Fees and Compensation

      The client can determine to engage us to provide discretionary or non-
      discretionary investment advisory services on a fee-only basis.

        Investment Advisory Services

      Our investment advisory fee generally is based upon a percentage of the market
      value and type of assets placed under our management, including cash and cash
      equivalents. Our annual investment advisory fee rate is no higher than 1% of the
      market value of the assets placed under our management. Cash and cash
      equivalents, accrued interest and the value of any securities held on margin will
      be included for billing purposes unless we determine otherwise, in our sole
      discretion. For tax exempt municipal bond assets, our annual investment advisory
      fee rate is generally no higher than .50% of the market value of the municipal
      bond assets placed under our management. Varying our fee rates by asset class
      presents a potential conflict of interest and incentive for us to allocate more
      assets to other asset classes, where our advisory fee rates are higher, than to
      municipal bonds, where our advisory fee rates are lower. However, we remain
      mindful that we have a fiduciary duty to invest client assets in a manner consistent
      with the client’s best interest, and we mitigate the conflict further by fully
      disclosing it in this Brochure.
      Our fees are potentially negotiable from the maximum rates set forth above. Our
      fees vary depending upon various objective and subjective factors, including, but
      not limited to, the amount of assets to be managed, account composition, the
      scope and complexity of the engagement, the anticipated number of meetings and
      servicing needs, related accounts, future earning capacity, anticipated future
      additional assets, the professional(s) rendering the service(s), and the outcome of
      negotiations with the client. As a result of these factors, similarly-situated clients
      could pay different fees.
      Private Investment Funds

      The Series Funds and unaffiliated private investment funds that certain of our clients
      invest in do not pay management fees to us; we instead charge our investment
      advisory fee to our advisory clients based on the total amount of assets invested
      with the Firm, including assets invested in the Series Funds and any unaffiliated
      private investment funds. Please note that we rely on valuations provided by the
      underlying investment managers to value these investments, which values
      typically are provided on a delayed basis and so could differ from actual current
      values. In addition to our investment advisory fee, the Series Funds and unaffiliated
      private investment funds bear the fees and expenses, including management and
      performance fees charged by the third- party manager, of the underlying fund(s) in
      which they are invested.

      The WJA Housing Bond Fund, LLC pays us a quarterly management fee, payable
      in advance, of approximately 0.125%, totaling .50% per year. We do not charge
      our advisory clients an additional fee for assets invested in the WJA Housing
      Bond Fund.

    With regard to the payment of advisory fees, in most cases, we deduct our
    advisory fees directly from the client’s custodial account in accordance with the
    authorization the client has provided. In the circumstance where we bill the client
    directly, payment is due upon receipt of our invoice.

    We generally deduct fees and bill clients quarterly in advance, based upon the
    market value of the assets on the last business day of the previous quarter.

A. In addition to our investment advisory fees, clients are responsible for the fees
   and expenses associated with their investments. The custodians who hold client
   assets and the broker-dealers who execute securities transactions charge fees and
   expenses, such as brokerage commissions, transaction fees and custodial fees.
   Fees and expenses also may include account opening, maintenance, transfer,
   termination, wire transfer and electronic fund fees, retirement plan, trust fees and
   all such applicable third-party fees, deferred sales charges, odd-lot differentials,
   transfer taxes, and other fees and taxes on brokerage accounts and securities
   transactions. Certain custodian broker-dealers charge “trade away” fees for
   securities transactions executed at broker-dealers other than the custodian.

    Third-party fees and expenses for which clients are responsible include the fees
    and expenses of third-party investment managers. Clients will incur, relative to
    any mutual fund, exchange-traded fund (“ETF”) and private fund purchases and
    any investment with third-party managers or investment advisers, charges imposed
    at the fund level or by the third-party manager or investment adviser, such as
    management fees and other fund expenses, which, in the case of mutual funds and
    ETFs, are described in the prospectus for the relevant fund. Clients are encouraged
    to read each such brochure and prospectus.

B. Our annual investment advisory fee shall be prorated and paid quarterly based
   upon the market value of the assets on the last business day of the previous
   quarter. We generally require an aggregate minimum account asset level of
   $1,000,000 for investment management services; however, in our sole discretion,
   we may reduce or waive this minimum account asset level requirement or charge
   a different investment management 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, or
   negotiations with the client.

    The Investment Management Agreement between us and the client will continue
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Item 7           Types of Clients

         Our clients generally include individuals, high net worth individuals and families,
         pooled investment vehicles, pension and profit sharing plans, charitable
         organizations, and corporations. We generally require a minimum account asset
         level of $1,000,000 for investment management services; however, in our sole
         discretion, we may reduce or waive this minimum account asset level
         requirement or charge a different investment advisory 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, or negotiations with the client. Please Note: As result of the
         foregoing, similarly-situated clients could pay different fees. In addition, similar
         advisory services may be available from other investment advisers for similar or
         lower fees.

         Our Chief Compliance Officer, Michael J. O’Brien, remains available to
         address any questions that a client or prospective client may have regarding
         advisory fees.