Fees

Fees

KR Financial, LLC, operates a Shared Family Office^sm, offering a full range of financial services to its clients. The firm charges for these services monthly in arrears. The monthly fee charged will vary with the nature and extent of the services provided, as well the complexity of the client's specific situation. The fee charged for Shared Family Office services will be clearly set out in the Client Agreement.

In addition to the Shared Family Office services, the firm provides Investment Management Services for clients. Such services may include securities portfolio management and brokerage services, as well as any other investment management services specifically agreed to by the firm and the client.

The firm charges for Investment Management Services as a percentage of the client's assets. Such fees are payable quarterly, in arrears, and are based upon the average value as determined by the firm on the last day of each month during the previous quarter. Fees for the initial quarter will be adjusted pro-rata based upon the number of calendar days in the quarter that the agreement is in effect. The basic fee schedule is as follows.

	Assets Under Management	Fee
First	10,000,000	0.625%
Next	10,000,000	0.500%
Next	30,000,000	0.375%
Amount Over	50,000,000	0.250%

Investment Management Services clients who also use the services of the firm's Shared Family Office will receive a reduced fee on the Investment Management Services. Otherwise, fees are negotiable, at the discretion of the firm, based upon any number of factors, including, but not limited to, the services requested by the client and the amount under management. The firm, at its sole discretion, may impose a minimum fee for the services provided based upon any of the factors previously set out. There is no set dollar amount for such minimum. The firm shall not be compensated on the basis of a share of capital gains or upon capital appreciation of the funds or any portion of the funds of the client.

The agreement may be terminated by either party upon thirty days' written notice to the other party, or as mutually agreed upon. If the agreement is terminated prior to the end of a calendar quarter, the fee for the final quarter will be pro-rated accordingly. Clients are responsible to pay for services rendered up until the date of the termination.

Brokerage commissions on transactions for a client are paid from the assets under supervision. To the extent that a client's assets are invested in mutual funds, the client will bear a pro-rata portion of the advisory fee and other expenses paid by the mutual fund to its investment adviser and other service providers, in addition to the fees payable to the firm.