Alpha Advisors LLC

Item 5 - FEES AND COMPENSATION
Wealth Management Services
Alpha Advisors charges a Wealth Management fee in one of two ways: 1) a fee based on client’s
assets under management or 2) a flat annual retainer fee. Fees are negotiable. Management fees are
billed in arrears, at the end of each calendar month. Additionally, the monthly fee is rounded to the
nearest dollar. Therefore, a monthly fee calculating to less than 50 cents will be rounded down and a
fee calculating to 50 cents or more will be rounded up. Therefore, Alpha Advisors may receive
more or less for a particular month.
Fee based on Assets Under Management
In this arrangement, the fee is calculated according to the following table:
                           Account Size*                              Annual Fee
        Balances up to $ 2,000,000                                       1.00%
        Balances between $2,000,000 and $4,000,000                       0.75%
        Balances above $4,000,000                                        0.50%

(example: A Client with $3,000,000 in billable assets will be charged 1% on the first $2,000,000 and
0.75% on the remaining $1,000,000.)
Alpha Advisors aggregates or “households” all of a client’s managed accounts (joint, individual,
retirement, etc.) together to determine the monthly fee.
Clients may make additions to or withdrawals from their portfolio at any time. Cash flows of
$10,000 or more into and out of their portfolio during a month will be assessed a pro-rated fee, based
on the number of days the funds were in the account provided the fee adjustment is greater than $10.
Large withdrawals from the account can adversely impact our ability to manage the portfolio in
accordance with a client’s plan.
*Assets that are not marketable and are generally illiquid (i.e. assets for which a daily market value
cannot readily be determined) will be excluded from the calculation of a management fee based on
the fee schedule above.
Annual Retainer Fee
Alpha Advisors may negotiate a flat annual retainer fee for clients with complex balance sheets or in
need of specialized services. The retainer fee will be reviewed on an annual basis and will generally
range from $2,500 to $60,000.
Typically, clients authorize Alpha Advisors to debit management fees, whether flat annual retainer
fees or AUM, directly from their accounts. We will provide a monthly fee invoice that identifies the
advisory fee, the value of their portfolio and how the fee was calculated. In addition, account

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                                         Alpha Advisors, LLC

statements reflecting the deduction of the advisory fee are sent directly from the account custodian.
If the Account does not contain sufficient funds to pay advisory fees, Alpha Advisors has the
authority to sell or redeem securities in sufficient amounts to pay advisory fees. Clients may elect to
pay their fees by check.
Client accounts are held at Fidelity Investments, a third-party custodian. In addition to the advisory
fees above, clients may pay transaction fees for securities transactions executed in their accounts in
accordance an agreement between Alpha and Fidelity. They may also pay fees for custodial
services, account maintenance fees, and other fees associated with maintaining their accounts.
Finally, many investment vehicles, such as mutual funds, have internal management and operating
expenses, and these are born proportionally by the fund owners. Alpha Advisors does not receive
any portion of such fees.
Termination Provisions
Clients may terminate their Wealth Management Agreement with Alpha Advisors without penalty,
upon written notice to Alpha Advisors. Clients will be responsible for any fees and charges incurred
from third parties as a result of maintaining any accounts, such as transaction fees for any securities
transactions executed and account maintenance or custodial fees. Should a client terminate
investment advisory services before the end of a calendar month, they may be charged a prorated
portion of the advisory fee for the period up to the date of termination.
Separately Managed Accounts
Clients using separately managed accounts will pay a separate fee to the third party manager of
approximately 0.12%. This is separate from the fees charged by Alpha Advisors; however, this fee
is paid directly to the third party manager, not Alpha Advisors.

Item 7 - TYPES OF CLIENTS
Alpha Advisors’ clients are primarily individuals and families, with a wide range of ages, levels of
wealth and objectives.