BA Roberts Financial Services Inc

Item 5 – Fees and Compensation
The following paragraphs detail the fee structure and compensation methodology for services provided by the
Advisor. Each Client shall sign one or more agreements that detail the responsibilities of Roberts Financial and the
Client.

A. Fees for Advisory Services
Investment Advisory Services
Investment advisory fees are paid monthly, in advance of each month, pursuant to the terms of the investment
advisory agreement. Investment advisory fees are based on the market value of assets under management at the
end of the prior month. Investment advisory fees are based on the following tiered schedule:

                  Assets Under Management ($)                   Annual Rate (%)
                            $0 - $499,999                            1.15%
                        $500,000 – $999,999                          0.95%
                       $1,000,000 - $2,999,999                       0.75%
                       $3,000,000 - $3,999,999                       0.65%
                      $4,000,000 – $9,999,999                        0.20%
                       $10,000,000 and Above                         0.10%

Certain clients may be subject to a legacy fee schedule that may differ from the one above.

The investment advisory fee in the first month of service is prorated from the inception date of the account[s] to the
end of the first month. Fees may be negotiable at the sole discretion of the Advisor. Certain Clients may have a
fixed annual fee or fixed rate fee or a fee schedule that differs from above. The Client’s fees will take into
consideration the aggregate assets under management with Advisor. All securities held in accounts managed by
Roberts Financial will be independently valued by the Custodian. The Advisor will conduct periodic reviews of the
Custodian’s valuations to ensure accurate billing.

The Advisor’s fee is exclusive of, and in addition to any applicable securities transaction and custody fees, and
other related costs and expenses described in Item 5.C below, which may be incurred by the Client. However, the
Advisor shall not receive any portion of these commissions, fees, and costs.

                                               B.A. Roberts Financial Services, Inc.
                                                d/b/a Roberts Financial Services, Inc.
Page 7                               989 West Washington Street, Suite 101, Marquette, MI 49855
                                                       Phone: (906) 228-5564
                                                        Fax: (906) 226-4694
                                                        http://baroberts.com

Use of Independent Managers
As noted in Item 4, the Advisor will implement all or a portion of a Client’s investment portfolio utilizing one or more
Independent Managers. To eliminate any conflict of interest, the Advisor does not earn any compensation from an
Independent Manager. The Advisor will only earn its investment advisory fee as described above. Independent
Managers typically do not offer any fee discounts but may have a breakpoint schedule which will reduce the fee
with an increased level of assets placed under management with an Independent Manager. The terms of such fee
arrangements are included in the Independent Manager’s disclosure brochure and applicable contract[s] with the
Independent Manager. The total blended fee, including the Advisor’s fee and the Independent Manager’s fee, will
not exceed 2.00% annually.

Financial Planning and Consulting Services
Financial planning and consulting services may be included as part of an overall wealth management
engagement or provided as a stand-alone engagement. For separate engagements, financial planning and
consulting services are offered at an hourly rate of up to $250 per hour or as a fixed fee engagement. Fees are
based on the experience of the person performing the services, the complexity and duration the services to be
provided. An estimate for total hours and/or costs will be determined prior to engaging for these services.

Retirement Plan Advisory Services
Retirement plan advisory fees are paid quarterly, in advance of each calendar quarter, pursuant to the terms of the
retirement plan advisory agreement. Fees are generally based on the market value of assets in the Plan at the end
of the prior calendar quarter and charged at an annual rate of up to 0.75%. Fee may also be billed at a fixed annual
rate.

Financial Institution Consulting Services
Roberts Financial receives a consulting fee based on the assets under MSI’s management from Brokerage
Customers who have provided written consent to MSI to receive the consulting service from Roberts Financial.
The consulting fee is calculated from the assets under MSI’s management as of the end of a calendar quarter
period multiplied by an annual rate of 0.65%. The initial fee is paid only after the completion of one full calendar
quarter period following the date of the executed agreement with MSI.

B. Fee Billing
Investment Advisory Services
Investment advisory fees will be calculated by the Advisor or its delegate and deducted from the Client’s account[s]
at the Custodian. The Advisor or delegate shall send an invoice to the Custodian indicating the amount of the fees
to be deducted from the Client’s account[s] for the respective period. The amount due is calculated by applying the
monthly rate (annual rate divided by 12) to the total assets under management with Roberts Financial at the end of
the prior month. Clients will be provided with a statement, at least quarterly, from the Custodian reflecting deduction
of the investment advisory fee. It is the responsibility of the Client to verify the accuracy of these fees as listed on
the Custodian’s brokerage statement as the Custodian does not assume this responsibility. Clients provide written
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Item 7 – Types of Clients
Roberts Financial offers investment advisory services to high-net worth individuals, families, trusts, estates,
businesses and retirement plans. The amount of each type of Client is available on Form ADV Part 1A. These
amounts may change over time and are updated at least annually by the Advisor. Roberts Financial does not
impose a size for establishing a relationship, but does tailor its services to high-net worth individuals.