ABS Legacy Partners LLC

Item 5: Fees & Compensation

Compensation for Our Advisory Services

Asset Management:

The maximum annual fee charged for this service will not exceed 1.75%. Fees to be assessed will be
outlined in the advisory agreement to be signed by the Client. Our firm bills on cash unless indicated
otherwise in writing. Annualized fees are billed on a pro-rata basis quarterly in advance based on the
value of the account(s) on the last day of the previous quarter. Our firm has certain Legacy Clients
that may be charged with a different fee structure than what is disclosed above. Our Legacy Clients
are not billed more than the equivalent of the maximum fee of 1.75% listed above. Fees are negotiable
and will be deducted from client account(s). In rare cases, our firm will agree to directly invoice. As
part of this process, Clients understand the following:

    a) The client’s independent custodian sends statements at least quarterly showing the market
       values for each security included in the Assets and all account disbursements, including the
       amount of the advisory fees paid to our firm;
    b) Clients will provide authorization permitting our firm to be directly paid by these terms. Our
       firm will send an invoice directly to the custodian; and
    c) If our firm sends a copy of our invoice to the client, a legend urging the comparison of
       information provided in our statement with those from the qualified custodian will be
       included.

ADV Part 2A – Firm Brochure                    Page 6                              ABS Legacy Partners, LLC

The maximum combined annual fee charged to clients utilizing third party managers will not exceed
2.00%. Our firm will debit fees for this service as disclosed in the executed advisory agreement
between the client and our firm. This fee shall be in addition to any fees assessed by the chosen third-
party money manager. The third-party managers we recommend will not directly charge you a higher
fee than they would have charged without us introducing you to them. Third party managers
establish and maintain their own separate billing processes over which we have no control. They will
directly bill you and describe how this works in their separate written disclosure documents.

Comprehensive Portfolio Management:

The maximum annual fee charged for this service will not exceed 2.00%. Fees to be assessed will be
outlined in the advisory agreement to be signed by the Client. Our firm bills on cash unless indicated
otherwise in writing. Annualized fees are billed on a pro-rata basis quarterly in advance based on the
value of the account(s) on the last day of the previous quarter. Our firm has certain Legacy Clients
that may be charged with a different fee structure than what is disclosed above. Our Legacy Clients
are not billed more than the equivalent of the maximum fee of 2.00% listed above. Fees are negotiable
and will be deducted from client account(s). In rare cases, our firm will agree to directly invoice. As
part of this process, Clients understand the following:

    a) The client’s independent custodian sends statements at least quarterly showing the market
       values for each security included in the Assets and all account disbursements, including the
       amount of the advisory fees paid to our firm;
    b) Clients will provide authorization permitting our firm to be directly paid by these terms. Our
       firm will send an invoice directly to the custodian; and
    c) If our firm sends a copy of our invoice to the client, a legend urging the comparison of
       information provided in our statement with those from the qualified custodian will be
       included.

The maximum combined annual fee charged to clients utilizing third party managers will not exceed
2.00%. Our firm will debit fees for this service as disclosed in the executed advisory agreement
between the client and our firm. This fee shall be in addition to any fees assessed by the chosen third-
party money manager. The third-party managers we recommend will not directly charge you a higher
fee than they would have charged without us introducing you to them. Third party managers
establish and maintain their own separate billing processes over which we have no control. They will
directly bill you and describe how this works in their separate written disclosure documents.

Financial Planning & Consulting:

Our firm charges on an hourly or flat fee basis for financial planning and consulting services. The total
estimated fee, as well as the ultimate fee charged, is based on the scope and complexity of our
engagement with the client. The maximum hourly fee to be charged will not exceed $250. Flat fees
range from $10,000 to $200,000. The fee-paying arrangements will be determined on a case-by-case
basis and will be detailed in the signed consulting agreement. Our firm will not require a retainer
exceeding $1,200 when services cannot be rendered within 6 months.

Other Types of Fees & Expenses

Clients will incur transaction fees for trades executed by their chosen custodian, either based on a
percentage of the dollar amount of assets in the account(s) or via individual transaction charges.

ADV Part 2A – Firm Brochure                    Page 7                                ABS Legacy Partners, LLC

These transaction fees are separate from our firm’s advisory fees and will be disclosed by the chosen
custodian.

Clients may also pay holdings charges imposed by the chosen custodian for certain investments,
charges imposed directly by a mutual fund, index fund, or exchange traded fund, which shall be
disclosed in the fund’s prospectus (e.g., fund management fees and other fund expenses), distribution
fees, surrender charges, variable annuity fees, IRA and qualified retirement plan fees, mark-ups and
mark-downs, spreads paid to market makers, fees for trades executed away from custodian, wire
...

Item 7: Types of Clients & Account Requirements

Our firm has the following types of clients:
   • Individuals and High Net Worth Individuals;
   • Trusts, Estates, and Charitable Organizations;
   • Traditional IRAs, IRA Rollovers, and ROTH IRAs; and
   • Corporations, Limited Liability Companies and/or Other Business Types.

Our requirements for opening and maintaining accounts or otherwise engaging us:
   • Our firm requires a minimum account balance of $1,000,000 for our Asset Management
       service. Generally, this minimum account balance requirement is not negotiable and would
       be required throughout the course of the client’s relationship with our firm.

ADV Part 2A – Firm Brochure                    Page 8                                ABS Legacy Partners, LLC

    •    Our firm requires a minimum account balance of $1,000,000 for our Comprehensive Portfolio
         Management service. Generally, this minimum account balance requirement is not negotiable
         and would be required throughout the course of the client’s relationship with our firm.
    •    Written financial plans are generally assessed at a minimum fee of $10,000.