ADE LLC

Item 5           Fees and Compensation

   A. Armstrong Dixon’s annualized investment advisory fee is based on the market value and
      type of assets placed under Armstrong Dixon’s management and generally ranges from
      0.50% to 1.25%. Armstrong Dixon provides its investment management services
      through certain investment programs sponsored by LPL Financial, and for the Model
      Wealth Portfolios (MWP), Manager Access Select (MAS), and Guided Wealth Portfolios
      (GWP) programs offered by LPL, the annualized fee percentages referenced in Client’s
      Investment Advisory Agreements are estimated, may vary depending on certain factors
      (such as account size and selected managers), and may result in Armstrong Dixon
      receiving a larger (or smaller) annualized fee percentage. Additional details about each
      program’s fee arrangements and associated conflicts of interests, are available in the
      respective account agreement, account application, and program brochure.

         Armstrong Dixon prices its services based upon various objective and subjective factors.
         As a result, Armstrong Dixon’s clients could pay diverse fees based upon the market
         value of their assets, the complexity of the engagement, and the level and scope of the
         overall financial planning or consulting services. The services provided by Armstrong
         Dixon to any particular client could be available from other advisers at lower fees.
         Existing clients may have differing fees than the ones described in this Brochure.

Furthermore, Armstrong Dixon’s employees (current and former), family members, and
close personal friends may be charged rates lower, in its sole discretion. All clients and
prospective clients should be guided accordingly.

In certain of LPL’s programs, clients may engage Independent Managers (also referred
to as Portfolio Strategists, SMA Portfolio Managers and Model Advisor) and clients will
be responsible for the additional fees of these managers.

A portion of the Advisory Fee, up to 0.35% annually, is shared with LPL for its
investment advisory, administrative, trading and custodial services in the Manager
Access Select and Model Wealth Portfolios programs. In GWP, clients pay a fee of
0.35% for the investment advisory, administrative, trading and custodial services of LPL.
LPL’s fees are subject to change, which may result in Armstrong Dixon receiving
compensation greater than the fee referenced in Schedule A of their Investment Advisory
Agreement. Clients and prospective clients should closely review the terms of their
Investment Advisory Agreement and LPL’s program account agreement, account
application, and program brochure for more information.

Registrant may be responsible for the Client’s transaction fees in SWM (See Item 4.B).
There is no significant difference between how Armstrong Dixon manages SWM
accounts where it bears transaction fees and SWM accounts where it does not. The IAR
of record generally does not take into account the fees and expenses incurred in client
accounts when providing investment advice through SWM. Armstrong Dixon bears
transaction fees for many of Armstrong Dixon’s high net worth clients managed by Joe
Breslin that participate in SWM. Clients who determine to participate in SWM should
refer to their SWM Account Packet to determine whether they or Armstrong Dixon are
responsible for transaction fees and expenses.

With respect to SWM, Armstrong Dixon (and therefore each IAR) will receive a payment
for services after the Custodian debits transaction fees and overrides or other
miscellaneous expenses from earned fees.

Fees for held away account management are calculated and billed quarterly in advance,
based on the account value at the end of the prior billing period end. For accounts
onboarded during a billing quarter, billing will occur at the end of the quarter based upon
the number of days the account was managed during the billing period.

PROGRAM BILLING TIMING
Advisory fees will generally be prorated, and paid quarterly in advance, based upon the
value of the accounts receiving investment management and reporting services as of the
last day of the previous quarter. For accounts maintained at LPL Financial, any deposit
or withdrawal made during the quarter will be prorated and either deducted or added to
the fee in the following billing period, as applicable. Fees are generally debited from
your taxable accounts or billed directly. Upon termination of our services, we will refund
you for any partial periods.

In certain instances, Armstrong Dixon may agree or be required to charge fees in arrears.

      FINANCIAL PLANNING AND CONSULTING SERVICES (STAND-ALONE)

    Armstrong Dixon may be engaged to provide financial planning and/or consulting
    services (including investment and non-investment related matters, business planning.
    including estate planning, insurance planning, etc.) on a stand-alone fee basis.
    Registrant’s planning and consulting fees are negotiable and vary quite drastically,
    depending upon the level and scope of the service(s) required and the professional(s)
    rendering the service(s). These fees generally range from $2,000 to $20,000 on a fixed
    fee basis. Armstrong Dixon generally bills its financial planning clients in advance,
    except that engagements it believes cannot be completed within 6 months are typically
    billed on a quarterly basis. If the Client has prepaid any portion of Armstrong Dixon’s
    fee, the balance, if any, of any unused portion of Armstrong Dixon’s fee will be refunded
    to the Client in the event the relationship is terminated.

                                  RETIREMENT CONSULTING
    Armstrong Dixon also provides non-discretionary retirement consulting services,
    pursuant to which it assists sponsors of self-directed retirement plans with the selection
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Item 7           Types of Clients

         Armstrong Dixon’s clients generally include individuals, business entities, pension and
         profit-sharing plans, trusts, estates, charitable organizations, corporations, other business
         entities, profit sharing plans, 401k sponsor plans, individual retirement plans (IRA, SEP,
         SIMPLE, ROTH IRA).