These are Keller Investment Advisors’ annual management fees, calculated on the assets we manage and billed monthly in arrears. They do not include expenses charged by unaffiliated third parties, such as fund expense ratios or separately managed account fees. The questions below explain how fees are calculated, paid, and compared. Please refer to Form ADV part A and B for more information on fees.

Discretionary fees occur when the client has granted Keller Investment Advisors the ability to trade the account, based on the agreed-upon Investment Policy Statement, without the prior written acknowledgement of the client.

Non-Discretionary fees occur when the client has granted Keller Investment Advisors the ability to trade or move money between accounts, requiring prior written authorization from client. Non-Discretionary also includes those accounts that are provided to other money managers for a specific purpose, where those money managers have discretion and trading authority over the account as part of the client’s asset allocation.

Our management fee covers the ongoing work required to develop, implement, and maintain your investment strategy and financial plan. This may include portfolio construction, investment selection, monitoring, rebalancing, cash-management coordination, reporting, and meetings with your advisor, as described in your client agreement.

It is an ongoing advisory fee—not a commission charged each time we make a trade.

See financial advising client agreement on “Transparency” page for more details on scope of services available.

Possibly. Our management fee does not include expenses charged by unaffiliated third parties. Depending on your portfolio, these may include:

• ETF or mutual fund expense ratios
• Separately managed account fees
• Certain custody, account, or transaction charges
• Other product-level expenses

These costs are paid to the applicable fund company, investment manager, custodian, or other provider—not to Keller Investment Advisors. We seek to identify and explain material additional costs before recommending any investment.

With your written authorization, our management fee is deducted directly from the account by your qualified custodian and appears as a separate line item on your account statement.

Your investments remain at the custodian. Keller Investment Advisors does not take possession of your assets.

We typically calculate and charge fees on a monthly basis, based on the value of the portfolio on the last day of trading in a given month.

“In arrears” means the fee is charged after the month in which the services were provided—not before it.

For example, a 0.60% annual management fee equals 0.05% per month. On a $1 million account, that would generally equal approximately $500 for a full month.

A 0.48% annual fee equals 0.04% per month, or approximately $400 on a $1 million account.

The actual amount may vary based on the account value, deposits, withdrawals, partial billing periods, and the calculation method described in your client agreement.

Begin with your advisory agreement, which details the specific management and other fees charged by your advisor. If you signed it, you should have a copy or be able to quickly request a copy from your advisor.

Alternatively, you can search your advisor’s Form ADV Part 2A brochure—particularly the section titled “Fees and Compensation.”

Your account statement may show advisory fees deducted directly from the account. Please note that these can be misleading, depending on factors such as calculation methods and statement timing.

Keep in mind that product-level costs such as mutual fund, ETF expenses, alternatives’ management fees, LP fees, or separately managed account fees may be reflected inside the investment rather than appearing as separate account deductions.

We are happy to help you identify and understand the fees shown in your existing documents.

Advisory fees vary based on account size, service level, investment approach, and whether financial planning is included. A lower headline management fee does not necessarily mean a lower total cost.

When comparing advisors, consider:

• The total annual dollar amount you expect to pay
• Whether financial planning is included
• Whether the fee declines as assets increase
• Additional fund, platform, or separate-manager expenses
• Commissions or other compensation
• Minimum annual fees
• The level of access and service you will receive

We believe the most useful comparison is the total cost of the relationship relative to the services and advice you actually receive.