Advisory Advocates LLC

ITEM 5. FEES AND COMPENSATION
Financial Planning and Financial Consulting Services
The Adviser charges a fixed fee for financial planning and consulting services. The fixed fee ranges
from $250 to $1,500. The fee is negotiable and is based upon the number of topics covered, the
amount of time required to research the client’s situation and whether a written plan in requested.
The fixed fee is due upon delivery of the plan.
A client may terminate the financial planning and consulting service for any reason within the first
five (5) business days after signing the contract without any cost or penalty. Thereafter, the
contract may be terminated by either the client or the Adviser with (7) days written notice to the
party’s respective address of record. There will be no fee charged if cancelled prior to the
completion of the financial plan or consulting services.
Portfolio Management Services
Fees for portfolio management services will be based on the assets under management. The annual
management fee is calculated and collected monthly in advance (at the beginning of each month).
The management fee is based on the account’s custodian reported value as of the last business day
of the previous month. The maximum annual management fee is 1.5% of the assets under
management. The management fee is charged once an account is opened, funded and invested.
The management fee is negotiable based on the size of the account. A client may aggregate
multiple accounts to negotiate a lower fee. Cash balances and investments in money market funds,
demand deposit accounts, and certificates of deposit that are covered by the account and are
included in the fee calculations.
The client will be asked to allow the firm to deduct its management fee directly from the client’s
account. The client may terminate this ability at any time by notifying the adviser or by notifying

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the custodian. Also, the amount of the fee charged will be viewable as account activity in the
monthly statement.
Depending on the custodian, management fees are calculated one of two ways. Some custodians
may calculate the fees daily. The management fee is based on the day’s end custodian reported
account balance and prorated for the number of business days in the year. At the end of each
month the Account’s custodian will withdraw the month’s combined management fees. Other
custodians will bill monthly in advance based on the account value as of the last day of the prior
month. The first payment shall be prorated from the day the account was invested until the last day
in that calendar month and is based on the value of the account on the last day of the prior month
in which the account was invested. For example: if your advisory account is invested on February
15, you will be billed an advisory fee from Feb 15 through Feb 28 based on the Feb month end
Value (February 28). Please see the investment advisory services agreement for additional
information.
The firm’s fees are exclusive of brokerage commissions, transaction fees, and other related costs
and expenses that are incurred by the client. Clients may incur certain charges imposed by
custodians, brokers, third-party investment advisers or other third parties such as fees charged by
managers, custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer
and electronic fund fees, and other fees and taxes on brokerage accounts and securities
transactions. Mutual funds and exchange-traded funds also charge internal management fees,
which are disclosed in a fund’s prospectus. Such charges, fees and commissions are exclusive of
and in addition to the firm’s fees and the firm does not receive any portion of these commissions,
fees, and costs.
Item 12 further describes the factors that the firm considers in selecting or recommending
brokers/dealers for client transactions and determining the reasonableness of their compensation
(e.g., commissions).
Clients have the option to purchase investment products that are recommended through other
brokers or agents that are not affiliated with the firm.
Recommendation of Third-Party Investment Advisers
When recommending a third-party investment adviser, we and the third-party investment adviser
charge separate annual management fees that are based on a percentage of assets under
management in your account. Our annual fee ranges from 0.10% to 1.00%. The third-party
investment adviser’s fee is up to 0.50%. The fees are negotiable and vary based on the size of the
account. We calculate and collect our management fee, while the third-party manager calculates
and collects its management fee. Both fees are monthly based upon the custodian’s reported
account value as of the last business day of the month. We will rely upon the valuations provided
by the custodian without independent verification.
Our management fee does not include brokerage commissions, transaction fees, or other related
costs and expenses that are incurred by you. You may incur certain charges imposed by custodians,
brokers, third-party investment advisers, and other third parties such as fees charged by managers,
custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and
electronic fund fees, and other fees and taxes on brokerage accounts and securities transactions.
Mutual funds and exchange traded funds also charge internal management fees, which are

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disclosed in a fund’s prospectus. These charges, fees, and commissions are exclusive of and in
addition to our fee and we will not receive any portion of these charges, fees, or commissions.
Retirement Plan Consulting
We charge an annual management fee of up to 1.00%, based on a percentage of assets in the
...

ITEM 7. TYPES OF CLIENTS
The firm’s services are offered to individuals, high net worth individual, retirement plans, trusts,
estates, corporations and other businesses entities. The firm does not require a minimum account
size to become a client.