Alliance of Wealth Advisors LLC

ITEM 5: FEES AND COMPENSATION

 A. DESCRIPTION AND BILLING

 In addition to the information provided in Item 4 above, this item provides details regarding AFW’s services
 along with a description of each service’s fees and compensation arrangements.

                                         ASSET MANAGMENT SERVICES

 AFW will charge clients an investment management fee for its asset management services. The investment
 management fee is based on a percentage of the value of the client’s assets under management, including all
 cash and other assets in the account (valued at liquidation value).

 Specifically, AFW charges clients a management fee ranging up to 3.00% per annum, collected quarterly
 in advance based on the fair market value of the assets in the account at the close of business on the last day
 of the previous quarter. The investment management fee charged is subject to negotiation with each client
 based on the client’s characteristics and may differ from client to client. Clients will pay higher fees for
 securities purchased on margin transactions. This creates a conflict of interest as our firm at times will engage
 in margin trading which results in a higher fee being paid to us. Our firm bills on cash and cash equivalents
 unless indicated otherwise in writing. AFW reserves the right to waive or reduce fees at its discretion,
 including for providing investment management services to employees, family members of employees,
 employees of affiliates of the Firm, and certain other persons.

 The initial quarterly fee will begin accruing at the time assets are allocated to the client’s account and will
 be prorated (based on that allocation date, the Firm’s advisory fee, and amount of such assets). Any
 management fees due to AFW are deducted by AFW directly from the client’s account(s) and will be paid
 to AFW from the amount on deposit in the client’s account(s). The client will provide written authorization

permitting the fees to be paid directly from the account. Both AFW’s advisory agreement and the
custodial/clearing agreement may authorize the custodian to debit the account for AFW’s management fees
and to directly remit that fee to AFW in compliance with regulatory procedures. In the limited event that AFW
bills the client directly, payment in full is expected upon receiving the invoice.

A client may terminate the advisory agreement with us, without penalty and with full refund of our advisory
fees, within five (5) business days of signing the agreement. Thereafter, the client’s investment advisory
agreement will remain valid until either the client or the Firm provides written notice of contract termination.
If the client fails to pay for services rendered, the Firm may immediately terminate the client agreement after
the amount due is delinquent for thirty (30) or more days.

                                      FINANCIAL PLANNING SERVICES

Fees for financial plans can be charged as either an hourly fee, a fixed fee, or as a percentage of the client’s
net worth or a percentage of assets being advised upon (in each case as agreed upon between AFW and the
client). Clients are asked to pay by check any fees that are directly invoiced for financial planning and
consulting services.

Hourly fees range up to $500 per hour for an initial plan or any update to an already existing plan. If clients
are charged on a fixed fee basis, the fee will generally not exceed $10,000. Financial planning services that are
charged as a percentage of client’s net worth or percentage of assets being advised upon will be no more than
3.00% per annum. Fees are generally negotiable based upon the complexity of the client’s situation, the
services requested, and the specific AFW investment adviser representative providing the services.

AFW will provide clients with an estimate of the time needed to complete the services. If more time is
needed to complete the plan than the original estimate, then the AFW investment adviser representative
will request client’s permission before proceeding with any additional work. Clients will be charged the
actual time expended on the plan. Generally, a retainer of the quoted fee will be due at the time the client
financial planning agreement is signed, with overages due upon presentation of the plan to the client. Fees
will be billed directly to clients and the remaining balance is due upon receipt of a billing statement from
our Firm. Any prepaid fees and refunds are subject to AFW’s refund policy in Item 5 hereof.

A client may terminate the financial planning agreement with us, without penalty and with full refund of
our advisory fees, within five (5) business days of signing the agreement. Thereafter, the client’s
investment advisory agreement will remain valid until (i) either the client or the Firm provides written
notice of contract termination or (ii) the Firm completes its agreed upon financial planning services for the
client. If the client fails to pay for services rendered, the Firm may immediately terminate the client
agreement after the amount due is delinquent for thirty (30) or more days.

Financial planning clients can purchase investment products that AFW recommends through other brokers or
agents not affiliated with the Firm.

B. FEE PAYMENT

Item 5A above includes the relevant payment terms for different services.

C. OTHER FEES AND PAYMENTS

There may be additional fees or charges that result from the maintenance of or trading within a client’s account.
These are fees that are imposed by third parties in connection with investments made through a client’s
account, including but not limited to custodian fees, commissions, brokerage fees, mutual fund fees, (e.g.,
no-load mutual fund 12(b)-1 distribution fees, certain deferred sales charges on previously purchased mutual
funds), IRA fees, qualified retirement plan fees, etc.

Additionally, we reserve the right to use TPMMs to manage a portion of a client’s portfolio, in which case
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ITEM 7: TYPES OF CLIENTS

We generally provide investment advice to the following types of clients:
   • Individuals and high net worth individuals
   • Corporations, limited liability companies and/or other business types

Our firm does not impose an account minimum. We believe that every investor, large or small, deserves
unbiased, uninfluenced, professional management services. All clients are required to execute an agreement for
services in order to establish a client arrangement with our firm.