AssuredPartners Investment Advisors LLC

Item 5 – Fees and Compensation

Fees for Portfolio Management Advisory Services.
APIA’s annual advisory fee for portfolio management services is negotiable and is usually charged as a percentage
of assets under our management. Each APIA office determines and negotiates its own fee arrangements in
consultation with APIA’s executive officers and subject to a maximum annual fee rate of 2.5%. Our advisory fee
varies based on the size of the client’s portfolio and household, requirements of the client, complexity of the
investment advice, and nature and scope of the advisory relationship. The advisory fee is shared between APIA and
its investment adviser representatives.

In the case of clients using third-party investment advisors, APIA and the third-party adviser share the total advisory
fee. In some cases, clients will sign a separate agreement with the third-party advisor setting forth that advisor’s
fee. Please see additional disclosure in Item 10 - Selection of Other Advisers and Item 14 – Client Referrals and Other
Compensation.

Our fee is described in the advisory agreement, and clients should carefully review the fee information. APIA or the
client may terminate the advisory agreement with written notice to the other, and APIA may amend the agreement
with written notice to the client. As indicated below, the advisory fee does not include brokerage commissions,
transaction fees, mutual fund fees, and other related costs and expenses which shall be separately charged to the
client by the broker-dealer or custodian.

Asset-based portfolio management fees are typically withdrawn directly from the client’s account with the client’s
written authorization or, in limited cases, may be invoiced and billed directly to the client on a periodic basis. Fees
are paid monthly or quarterly in advance or in arrears as specified in the advisory agreement with each client.

Financial Planning and Consulting Fees
APIA’s fee for financial planning and consulting is negotiable and is charged as a fixed annual fee or an hourly rate.
The fixed annual fee for financial planning and consulting is between $500 and $20,000. The client will be provided
with an initial estimate but should be aware that the initial estimate may change depending on the scope and
complexity of the engagement. The client will be notified of any changes to the total fee in writing prior to
completion of the engagement.

The hourly rate for financial planning and consulting services is up to $250 per hour. The length of time it will take
to complete the advisory service will depend on the nature and complexity of the client’s personal circumstances.
An estimate for total hours will be determined at the start of the advisory relationship.

Financial planning and consulting fees are invoiced and billed directly to the client to be paid monthly or quarterly
in advance or in arrears as specified in the advisory agreement. Typically, a portion of the fee is due upon inception
of the advisory relationship, with the balance payable upon completion of the services or in periodic installments.

Fees for Employee Benefit Plan Advisory Services.
APIA’s annual advisory fee for retirement plan advisory services is negotiated on a client-by-client basis depending
on the services to be provided. The negotiated fee will be described in the advisory agreement. The fee is typically
either a percentage of total plan assets or a flat annual fee or a combination of the two. APIA or the client may
terminate the agreement with written notice to the other, and APIA may amend the agreement with written notice
to the client.

Asset-based and annual flat fees are either withdrawn directly from plan assets at the record keeper and/or
custodian with client's written authorization or are invoiced and billed directly to the client. Asset-based fees will
be paid monthly or quarterly in advance or in arrears as specified in the Agreement or pursuant to the Client’s
instructions to the recordkeeper. Flat fees will typically be assessed quarterly on the last day of the calendar quarter
or as specified in the Agreement.

Client Responsibility for Third-Party Fees
Clients are responsible for the payment of all third-party fees such as custodian fees, brokerage fees, mutual fund
fees, and transaction fees. These fees are separate and distinct from the fees charged by APIA.

Advance Payment of Fees and Refunds
In some cases, APIA collects fees in advance but will not collect fees more than six months in advance of providing
services. Refunds for fees paid in advance will be promptly returned to the client via ACH, wire transfer, or return
deposit back into the client’s account.

When an advisory agreement is terminated before the end of a billing period, APIA will refund asset-based fees
collected in advance based on the balance of the fees collected in advance minus the daily rate times the number
of days elapsed in the billing period up to and including the day of termination. The daily rate is calculated by dividing
the annual asset-based fee rate by 365.

Similarly, APIA will refund fixed and hourly fees collected in advance based on the prorated amount of work
completed at the point of termination.

Outside Compensation for the Sale of Investment Products to Clients
As further described in Item 10 below, certain supervised persons of APIA are licensed insurance agents and broker-
dealer representatives. In these separate capacities, those persons receive commission compensation for the sale
of insurance and securities products to clients of APIA except that supervised persons will not receive commission
compensation for securities transactions in an advisory account. This presents a conflict of interest and gives
supervised persons an incentive to recommend products based on the commission compensation they will receive
rather than on the client’s needs. When a supervised person recommends products for which they will receive
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Item 7 – Types of Clients

APIA provides advisory services to individuals, trusts, charitable organizations, pension and profit-sharing plans, and
corporations or business entities.