Davenport & Company LLC

Financial Planning fees charged per tier service level with maximum fees ranging from $500 to $10,000; RetirementAdvisor and Flexible Retirement Account Consulting may negotiate flat fees.

$0 - $1,000,000: 1.50% (Wrap Fee) for Core Leaders, Value & Income, Equity Opportunities, Fixed Income and Blended Allocation $1,000,001 - $5,000,000: 1.25% (Wrap Fee) for Core Leaders, Value & Income, Equity Opportunities, Fixed Income and Blended Allocation $5,000,001+: 1.00% (Wrap Fee) for Core Leaders, Value & Income, Equity Opportunities, Fixed Income and Blended Allocation $0 - $1,000,000: 0.75% (Fee and/or Commission) for Core Leaders, Value & Income, Equity Opportunities, Fixed Income and Blended Allocation $1,000,001 - $5,000,000: 0.50% (Fee and/or Commission) for Core Leaders, Value & Income, Equity Opportunities, Fixed Income and Blended Allocation $5,000,001+: 0.30% (Fee and/or Commission) for Core Leaders, Value & Income, Equity Opportunities, Fixed Income and Blended Allocation $0 - $1,000,000: 1.25% (Wrap Fee) for ETFAdvisor and FundAdvisor $1,000,001 - $5,000,000: 1.00% (Wrap Fee) for ETFAdvisor and FundAdvisor $5,000,001+: 0.75% (Wrap Fee) for ETFAdvisor and FundAdvisor $0 - $1,000,000: 1.50% (Wrap Fee) for DavenportOne $1,000,001 - $5,000,000: 1.25% (Wrap Fee) for DavenportOne $5,000,001+: 1.00% (Wrap Fee) for DavenportOne $0 - $1,000,000: 2.50% (Fee Only) for Flexible Managed Account I - Equities, Fixed Income, Cash and Money Market Funds $1,000,001 - $5,000,000: 2.50% (Fee Only) for Flexible Managed Account I - Equities, Fixed Income, Cash and Money Market Funds $5,000,001+: 2.00% (Fee Only) for Flexible Managed Account I - Equities, Fixed Income, Cash and Money Market Funds $0 - $1,000,000: 2.00% (Fee Only) for Flexible Managed Account I - Open End Mutual Funds and Unit Investment Trusts $1,000,001 - $5,000,000: 2.00% (Fee Only) for Flexible Managed Account I - Open End Mutual Funds and Unit Investment Trusts $5,000,001+: 2.00% (Fee Only) for Flexible Managed Account I - Open End Mutual Funds and Unit Investment Trusts $0 - $1,000,000: 2.00% (Fee and/or Commission) for Flexible Managed Account II - Equities, Fixed Income, Cash and Money Market Funds $1,000,001 - $5,000,000: 2.00% (Fee and/or Commission) for Flexible Managed Account II - Equities, Fixed Income, Cash and Money Market Funds $5,000,001+: 2.00% (Fee and/or Commission) for Flexible Managed Account II - Equities, Fixed Income, Cash and Money Market Funds $0 - $1,000,000: 2.00% (Fee and/or Commission) for Flexible Managed Account II - Open End Mutual Funds and Unit Investment Trusts $1,000,001 - $5,000,000: 2.00% (Fee and/or Commission) for Flexible Managed Account II - Open End Mutual Funds and Unit Investment Trusts $5,000,001+: 2.00% (Fee and/or Commission) for Flexible Managed Account II - Open End Mutual Funds and Unit Investment Trusts $0 - $1,000,000: 1.50% (Wrap Fee) for ManagerSelect $1,000,001 - $5,000,000: 1.25% (Wrap Fee) for ManagerSelect $5,000,001+: 1.00% (Wrap Fee) for ManagerSelect $0 - $250,000: 1.50% (Wrap Fee) for Portfolio Management Account $250,001 - $1,000,000: 1.25% (Wrap Fee) for Portfolio Management Account $1,000,001 - $2,000,000: 1.00% (Wrap Fee) for Portfolio Management Account $2,000,001+: 0.75% (Wrap Fee) for Portfolio Management Account $0 - $250,000: 1.25% (Fee and/or Commission) for Portfolio Management Account $250,001 - $1,000,000: 1.00% (Fee and/or Commission) for Portfolio Management Account $1,000,001 - $2,000,000: 0.75% (Fee and/or Commission) for Portfolio Management Account $2,000,001+: 0.50% (Fee and/or Commission) for Portfolio Management Account $0 - $200,000: 0.50% (Fee and/or Commission) for Portfolio Review $200,001 - $1,000,000: 0.25% (Fee and/or Commission) for Portfolio Review $1,000,001+: 0.10% (Fee and/or Commission) for Portfolio Review $0+: 1.25% (Fee and/or Commission) for Davenport Managed Assets Program $0 - $1,000,000: 1.00% (Wrap Fee) for Donor Advised Program Core Leaders, Value & Income, and Equity Opportunities $1,000,001+: 0.75% (Wrap Fee) for Donor Advised Program Core Leaders, Value & Income, and Equity Opportunities $0+: 0.75% (Wrap Fee) for Donor Advised Program FundAdvisor, ETF Advisor, and Charitable Allocation Strategies $0 - $1,000,000: 0.40% (Wrap Fee) for Donor Advised Program Fixed-Income Only Accounts $1,000,001 - $5,000,000: 0.30% (Wrap Fee) for Donor Advised Program Fixed-Income Only Accounts $5,000,001+: 0.20% (Wrap Fee) for Donor Advised Program Fixed-Income Only Accounts $0 - $1,000,000: 0.50% (Fee and/or Commission) for RetirementAdvisor Education & Service and Investment Advisory $1,000,001 - $5,000,000: 0.35% (Fee and/or Commission) for RetirementAdvisor Education & Service and Investment Advisory $5,000,001+: 0.25% (Fee and/or Commission) for RetirementAdvisor Education & Service and Investment Advisory $0 - $2,000,000: 1.00% (Fee and/or Commission) for Flexible Retirement Account Consulting $2,000,001 - $4,000,000: 0.75% (Fee and/or Commission) for Flexible Retirement Account Consulting $4,000,001 - $5,000,000: 0.60% (Fee and/or Commission) for Flexible Retirement Account Consulting $5,000,001 - $10,000,000: 0.40% (Fee and/or Commission) for Flexible Retirement Account Consulting

Commission Only program (no longer offered to new accounts) with normal minimum commission $85 (may be waived); Fee and/or Commission cost options include commissions and mark-ups/mark-downs on transactions.

Investment Consulting Services fees may be negotiated hourly rates or fixed fees depending on services provided.

Private Funds managed by Davenport pay performance-based incentive fees; other client accounts do not pay performance fees.

Account minimum: $25,000 Minimum fee: Financial Planning fees: Tier 1 - $500; Tier 2 - $1,500; Tier 3 - $3,000; Tier 4 - $5,000; Tier 5 - $10,000; $150 annual account fee (negotiable/waivable) Fee-only: Flexible Managed Account I fees as percentage of AUM - see fee tiers; Financial Planning fees by tiered maximum amounts; $150 annual account fee (negotiable/waivable)