Alliance Advisory & Securities LLC

Item 5     Fees and Compensation

     INVESTMENT PORTFOLIO SERVICES & INVESTMENT MODEL PORTFOLIO MANAGEMENT FEES
Our annual fees for Investment Portfolio Services and Investment Model Portfolio Management
(Investment Management Services) are based upon a percentage of assets under management and
generally range from 0.5% to 2.0%, depending on the size and type of account and the services provided.
Our fees are billed quarterly in arrears based upon the value (market value or fair market value in the
absence of market value), of the client's account at the end of the previous period. Fees are generally
debited from the client’s account in accordance with the client authorization in the Investment Advisory
Service Agreement. Clients have the option to have fees billed to them directly or to an alternative
account with written authorization.
Generally, a minimum of $100,000 of assets under management is required for this service. This account
size may be negotiable under certain circumstances. Alliance Advisory & Securities, LLC may group
certain related client accounts for the purpose of achieving the minimum account size and determining
the annualized fee.
                                       FINANCIAL PLANNING FEES
Alliance Advisory & Securities, LLC's Financial Planning fee is determined based on the nature of the
services being provided and the complexity of each client’s circumstances. All fees are agreed upon prior
to entering into a contract with any client.
Our Financial Planning fees are calculated and charged on an hourly basis, ranging from $175 to $650
per hour. Although the length of time it will take to provide a Financial Plan will depend on each client's
personal situation, we will provide an estimate for the total hours at the start of the advisory
relationship.
The client is billed in arrears based on actual hours accrued.
Alternatively, our Financial Planning fees may be calculated and charged on a fixed fee basis, typically
ranging from $1,250 to $10,000 per year, charged quarterly, depending on the specific arrangement
reached with the client.
We may request a retainer upon completion of our initial fact-finding session with the client; however,
advance payment will never exceed $1,200 for work that will not be completed within six months. The

balance is due upon completion of the plan.
Financial Planning Fee Offset: Alliance Advisory & Securities, LLC reserves the discretion to reduce or
waive the hourly fee and/or the minimum fixed fee if a financial planning client chooses to engage us
for our Portfolio Management Services.

                         FEES FOR HELD-AWAY ASSETS MANAGED VIA PONTERA
The advisory fee rates for held-away accounts that we manage through Pontera may vary from other
managed accounts by our firm and will be detailed specifically in the supplemental or exhibit documents
for this service.
Advisory fees for these held-away accounts are calculated and billed to clients in the same manner as
our other advisory fees (for example, quarterly, in arrears), as described above.
For held-away accounts managed through Pontera, neither Pontera nor the plan custodian typically
offers us the ability to deduct fees directly from the held-away account. The fee payable for any
held-away account will therefore be deducted directly from another non-qualified account that we
manage for the client (such as an account held at Fidelity, Schwab, or Altruist), or, if agreed with the
client, billed directly to the client (for example, via ACH from a personal checking account). In the event
that a client’s account has insufficient funds or we and the client agree, the fees will be billed directly to
the client.
                        GENERAL INFORMATION ABOUT FEES & COMPENSATION
Additional Compensation
Some investment advisor representatives of our firm are licensed as insurance agents. In their separate
capacity, these individuals are able to implement insurance recommendations for advisory clients for
separate and typical compensation. This presents a conflict of interest to the extent that these
individuals recommend an insurance product which results in a commission being paid to the individuals.
Clients are not under any obligation to engage these individuals when considering implementation of
advisory recommendations. The implementation of any or all recommendations is solely at the
discretion of the client.
Commune Capital, LLC
For certain private funds sponsored and managed by Commune Capital, LLC (“Commune Capital”),
Alliance has an agreement with Commune Capital under which Alliance assesses its investment advisory
fee directly to Commune Capital. Commune Capital satisfies this obligation using the management fees
it receives from the investment funds it sponsors and manages. Investors in those funds do not bear any
additional fees or expenses due to this arrangement other than those previously disclosed in the
relevant fund offering documents and governing agreements.
Certain investments recommended by Alliance Advisory & Securities, LLC, may be illiquid and require
ongoing communication, education and service with the client. In the event a client terminates
advisory services, Alliance Advisory & Securities, LLC, will cease providing investment management
services with respect to liquid assets as of the termination date.

However, with respect to any remaining illiquid investments that cannot be readily liquidated, Alliance
Advisory & Securities, LLC, may continue to provide limited administrative or servicing support until
such investments are liquidated or transferred. To the extent Alliance Advisory & Securities, LLC,
receives compensation from Commune Capital, LLC, related to those investments, such compensation
will continue to be billed by Alliance Advisory & Securities, LLC, to Commune Capital, LLC.
Limited Negotiability of Advisory Fees
Although Alliance Advisory & Securities, LLC has established the aforementioned fee schedule(s); we
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Item 7      Types of Clients

Alliance Advisory & Securities, LLC, provides advisory services to the following types of clients:
 Individuals (other than high net worth individuals)
 High net worth individuals

 Pension and profit sharing plans (other than plan participants)
 Other pooled investment vehicles (e.g., hedge funds)
 Charitable organizations
 Corporations or other businesses not listed above
 Trusts
As described in Item 5 – Fees and Compensation, our firm has established certain initial minimum
account requirements, based on the nature of the service(s) being provided. Requirements for opening
and maintaining an account, such as minimum account size, are discussed under Item 5- Fees and
Compensation and in the applicable service agreements.