Arbor Wealth Advisors LLC

Item 5 – Fees and Compensation

Investment Management Services

The advisory fee charged for Investment Management Services is calculated on an annual retainer
basis and is invoiced on a quarterly basis in advance of services. These fixed fees are determined at
the time of engagement and will range generally from $8,000- $50,000, depending on the nature
and complexity of services.

Consulting:

Fees for financial planning/consulting services are billed at an hourly rate of $300 per hour. There
is no minimum fee required for this service. Fees are due and payable as incurred. Arbor Wealth
may agree with clients to charge fixed fees for consulting. Based on the task(s) to be performed,
Arbor Wealth and the client may agree on a fixed fee based on an estimate of the number of hours
necessary for completion. Arbor Wealth may request a deposit for consulting services, but in no
instance will collect more than $1,200, six or more months in advance of rendering financial
planning/consulting services (or Investment Management Services).

Additional Information

All fees, including the application of the minimum annual fee for portfolio management services,
may be negotiable.

The specific manner in which fees are charged by Arbor Wealth is established in a client’s written
agreement with Arbor Wealth. Arbor Wealth will request authority from Investment Management
clients to receive quarterly payments directly from the client's account held by an independent
custodian. Clients typically provide written limited authorization to Arbor Wealth, which is
typically delegated to Focus Partners Advisor Solutions, LLC ("FPAS"), to withdraw fees from the
applicable account. Certain third party administrators may calculate and remit Arbor Wealth’s fees
from such accounts. Hourly charges will be invoiced directly to clients for amounts owing.

Arbor Wealth’s fees are calculated as described above and are not charged on the basis of a share of
capital gains upon or capital appreciation of the funds or any portion of the funds of an advisory
client.

A client agreement may be canceled at any time, by either party, for any reason upon receipt of
written notice. Upon termination, Arbor Wealth may invoice clients for any periods not previously
billed on a pro rata basis, or will refund any collected, unearned fees on a pro rata basis. Pro rata
fees are based on the number of days in the billing period before termination.

All fees paid to Arbor Wealth for investment advisory services are separate and distinct from the
fees and expenses charged by mutual funds and ETFs to their shareholders. These fees and
expenses are described in each fund's prospectus, and will generally include a management fee,
other fund expenses, and a possible distribution fee. If the fund also imposes sales charges, a client
may pay an initial or deferred sales charge. A client could invest in a mutual fund or ETF directly,
without the services of Arbor Wealth. In that case, the client would not receive the services

                                 Date of Brochure: February 10, 2026

provided by Arbor Wealth which are designed, among other things, to assist the client in
determining which mutual fund or funds are most appropriate to each client's financial condition
and objectives.

Accordingly, the client should review both the fees charged by the funds and the fees charged by
Arbor Wealth to fully understand the total amount of fees to be paid by the client and to thereby
evaluate the advisory services being provided.

Arbor Wealth’s fees are exclusive of brokerage commissions, transaction fees, and other related
costs and expenses which shall be incurred by the client. Clients may incur certain charges imposed
by custodians, brokers, and other third parties such as 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. Such charges, fees and commissions are exclusive
of and in addition to Arbor Wealth’s fee, and Arbor Wealth shall not receive any portion of these
commissions, fees, and costs. See Item 12 for further information about brokerage practices.

Arbor Wealth has contracted with FPAS for services including trade processing, collection of
investment management fees, record maintenance, report preparation, marketing assistance, and
research. Arbor Wealth has also contracted with FPAS for sub-advisory services with respect to
clients’ fixed income accounts. Arbor Wealth pays a fee for FPAS’s services based on investment
management fees paid to Arbor Wealth on accounts that use FPAS. The fee paid by Arbor Wealth to
FPAS consists of a portion of the fee paid by clients to Arbor Wealth and varies based on the total
client assets administered through FPAS. These fees are not separately charged to advisory clients.

                                  Date of Brochure: February 10, 2026

Item 7 – Types of Clients

Arbor Wealth provides services for individuals and high net worth individuals.

Minimum Account Sizes

Arbor Wealth generally does not require a minimum account size for services; however, Arbor
Wealth typically imposes a minimum annual fee for investment management services. A minimum
account size of $500,000 is required for fixed income portfolio management services. Fees and
minimum account sizes may be negotiable in certain circumstances.

                                 Date of Brochure: February 10, 2026