Beck Capital Management LLC

FEES AND COMPENSATION
percentage of growth stocks than a Type 2 portfolio.                      Form ADV Part 2A, Item 5

                                                                          Asset Management Fees. Clients are charged for Advisor’s asset
                                                                          management services in advance based on a percentage of assets
Type 3i = Moderate with Income Emphasis. This type of portfolio           under management. All assets in a managed account are part of
is very similar to our Type 3 Moderately Conservative portfolio           the fee rate calculation, including cash, securities bought at the
but has a larger emphasis on dividend paying and/or income                client’s direction and registered non-traded securities. Fees are
producing securities.                                                     negotiable based on factors such as, but not limited to, the number
                                                                          of accounts being managed, the amount of assets under
Type 4 = Moderately Aggressive. This type of portfolio typically          management, overall complexity of the client’s financial situation
holds a mix of common stocks, ETFs, and may have a smaller                or relations to other clients. All client fees must be paid in advance.
percentage of REITs and Preferred shares if they look to offer            Advisor does not bill more than one quarter in advance. Family
opportunities for growth. It holds a higher percentage of growth          and friends may have a lower fee or no fee. Some clients that
stocks than our Type 2 or Type 3 portfolios, and it therefore             were on a prior fee schedule may have a lower fee than the
exhibits more volatility than a Type 2 or Type 3 portfolio.               current schedule. The current fee schedule is shown below.
                                                                          The exact services and fees will be agreed upon and disclosed in
Type 4i = Moderately Aggressive with Income Emphasis. This type           the agreement for services prior to services being provided.
of portfolio is very similar to our Type 4 Moderately Aggressive          Quarterly fees are calculated by multiplying the client’s
portfolio, but also has an added emphasis on dividend paying              quarterly rate by the balance of the account on the final day of
and/or income producing securities.                                       the prior quarter. Fees will be prorated based on the number of
                                                                          days that services are provided when the account is funded at
Type 5 = Aggressive. This type of portfolio typically holds almost        any time other than the beginning of a calendar quarter. Any
exclusively growth stocks and ETF’s. Therefore, a Type 5                  future deposit of funds over $10,000 will be charged at the
Aggressive portfolio exhibits this highest level of volatility of all     client’s current rate for the remaining days of the quarter. Beck
our portfolios.                                                           Capital may waive or reduce a client fee at Frank Beck’s
                                                                          discretion. Fees are stated on the calendar quarter brokerage
Advisor does not participate in wrap fee programs.                        statement (January, April, July, and October), listed as “Advisor
                                                                          fee” under the Section labeled “Fees and Charges”.
The Advisor does manage client assets. As of December 31, 2024,
the Advisor’s assets under management totaled the following:              Advisor prefers to have its advisory fees deducted directly from
                                                                          the client’s account. In these cases, clients must provide the
Assets Under Management – $562,420,185 under discretionary                custodian (i.e. Fidelity) with written authorization (Included in the
authority for 451 clients in 1110 accounts. The Advisor has
approximately $8 million in registered non-traded REIT’s and                ASSETS UNDER MANAGEMENT
registered non-traded BDC’s held in some of the clients’ Fidelity            Household Accounts Total       (Annual Fee)       Quarterly fee
accounts. These investments are sold by prospectus and require                    $0 to $250,000                 1.80%            0.45%
signed subscription agreements. Advisor does not collect a
                                                                               $250,001 to $500,000              1.50%            0.375%
commission for the sale of any non-traded REIT’s or BDC’s. Non-
traded REIT’s and non-traded BDC’s are billed along with the other            $500,001 to $1,000,000             1.20%            0.30%
assets in the client account according to the client’s fee schedule.         $1,000,001 to $5,000,000            1.00%            0.25%
Frank Beck, Jerry McIlhon, and Justin Simmons are the agents for            $5,000,001 to $10,000,000            0.85%           0.2125%
multiple fixed insurance contracts totaling approximately 7 million
                                                                                Above $10,000,000                0.75%           0.1875%
(no variable contracts) with various insurance companies. Any
transactions with the insurance companies require signed                  account application) to have fees deducted from the account and
applications from the client and will result in a commission to the       paid to Advisor. Upon discretion of Advisor, clients may pay fees
agent. If funds are used for the purchase of insurance that have          directly to Advisor. For clients that pay directly, payment is due
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