Bellatore Financial Inc

Item 5 – Fees and Compensation

UMAP Fees

UMAP account fees are billed and deducted in advance by Bellatore from client accounts each
calendar quarter. The number of billing days in a quarter is based on the actual number of
days in each quarter. When a new account is opened, or a deposit is made into an existing
client account, fees are billed immediately for the remaining days in that calendar quarter.
Thereafter, those accounts are included in the regular calendar quarter billing schedule and
fee calculations. Quarterly fees are calculated based on the current market value of assets in
the account as of the beginning of each calendar quarter. Accounts that are terminated by
clients in the middle of a calendar quarter will receive a pro-rata rebate of the Firm’s most
recent quarterly fee, as specified in the UMAP client agreement.

Fees and services may be adjusted based on factors such as client type, asset class, pre-
existing or family relationships, portfolio complexity, account size, or other special

circumstances or requirements. Related household accounts may be aggregated for fee
calculation purposes in certain circumstances.

UMAP Fee Schedule

 Household Assets with Bellatore              UMAP Fee
 Up to $250,000                                0.75%
 $250,000 to $500,000                          0.70%
 $500,000 to $1,000,000                        0.50%
 $1,000,000 to $2,000,000                      0.40%
 $2,000,000 to $5,000,000                      0.35%
 $5,000,000 and above                          0.25%

In addition to the foregoing Fee Schedule, certain UMAP clients may be charged a fixed fee
that may vary from $100,000 to $500,000 depending on the relationship size, complexity and
level of service required.

Each client signs a tri-party UMAP agreement and receives a copy of the Firm’s Form ADV Part
2A. The agreement can be terminated by the independent advisor, Bellatore or the client
upon thirty (30) days’ prior written notice. Upon termination of the agreement, clients
receive a prorated refund of fees for the quarter in which the effective date of termination
occurs.

In addition to the advisory fees payable to the client’s advisor, clients also incur charges
payable to the custodian of the account, as well as to the broker-dealer that executes
transactions in the account. Clients designate the custodian to be used for their account. The
Firm currently has arrangements with Charles Schwab & Co. which may change from time to
time. The custodian’s fee will be debited directly from the client’s account by the custodian.

CAM Program Fees

CAM Program fees are billed and deducted in advance by Bellatore from client accounts each
calendar quarter. The number of billing days in a quarter is based on the actual number of
days in each quarter. When a new account is opened, or a deposit is made into an existing
client account, fees are billed immediately for the remaining days in that calendar quarter.
Thereafter, those accounts are included in the regular calendar quarter billing schedule and
fee calculations. Quarterly fees are calculated based on the current market value of assets in
the account as of the beginning of each calendar quarter. Accounts that are terminated by

clients in the middle of a calendar quarter will receive a pro-rata rebate of the Firm’s most
recent quarterly fee, as specified in the CAM client agreement.

CAM Program Fee Schedule

 Household Assets with Bellatore           CAM Program Fee
 Up to $250,000                                 0.75%
 $250,000 to $500,000                           0.70%
 $500,000 to $1,000,000                         0.50%
 $1,000,000 to $2,000,000                       0.40%
 $2,000,000 to $5,000,000                       0.35%
 $5,000,000 and above                           0.25%

Fees and services may be adjusted based on factors such as client type, asset class, pre-
existing or family relationships, portfolio complexity, account size, or other special
circumstances or requirements. Related household accounts may be aggregated for fee
calculation purposes in certain circumstances.

Firm charges not collected directly from client's account will be invoiced quarterly and due
and payable upon receipt of invoice. Bellatore acknowledges that lower fees for comparable
services may be available from other firms.

Each client signs a tri-party CAM Program Agreement and receives a copy of the Firm’s Form
ADV Part 2A. The agreement can be terminated by the independent advisor, Bellatore or the
client upon thirty (30) days’ prior written notice. Upon termination of the agreement, clients
receive a prorated refund of fees for the quarter in which the effective date of termination
occurs.

In addition to the advisory fees payable to the client’s advisor, clients may also incur charges
payable to the custodian of the account, as well as to the broker-dealer that executes
transactions in the account. Clients designate the custodian to be used for their account. The
Firm currently has arrangements with Charles Schwab & Co. which may change from time to
time. For variable annuity portfolios, the Firm has arrangements with Jefferson National Life
Insurance Company and Security Benefit Corporation. The custodian’s fee will be debited
directly from the client’s account by the custodian.

CAM Program Sub-Advisory Services Fees

For CAM sub-advisory services accounts, these managed money platforms normally maintain
client records, submit reports to clients at least quarterly and withdraw fees for payment to
Bellatore quarterly in advance. Bellatore's fee is based on a percentage of assets under

management in each account and typically starts at 0.4% (forty basis points). Fees and
services vary by managed money platform. Account terminations are governed by the
managed money platform account agreement and normally include a pro-rata refund of
prepaid fees. Bellatore is available to consult with the advisors and their clients regarding
...

Item 7 – Types of Clients

Bellatore provides asset management services to individual investors, corporations,
charitable organizations, profit sharing plans and trusts. The Firm also provides registered
investment advisors, or their investment advisor representatives, (collectively referred to as
“Financial Advisors”) with business management services, consulting services and sub-
advisory services.

UMAP, CAM Program and Altius Program

To open an account, clients must complete and sign the appropriate account agreement, fee
disclosure statement and account trading instructions. In most cases, clients are required to
complete the appropriate custodian’s paperwork including a new account agreement and a
Limited Power of Attorney (LPOA). Completed paperwork is sent to Bellatore for review of
accuracy, compliance and completeness. After review, accounts are established and invested
when properly funded.

All client account assets are held at a qualified custodian and clients select which custodian
they would like to use. The client’s choice of Custodian is limited, however, to those that have
a relationship with Bellatore. The custodian maintains custody of all of client assets and
provides such other functions as crediting interest and dividends on client’s assets and
crediting principal on called or matured securities in client’s account, together with other
custodial functions customarily performed with respect to securities brokerage accounts.

Bellatore provides periodic reports that includes, among other things, a consolidated report
identifying all assets in client’s managed account and the asset allocation of the program

account(s), as well as listing the investment performance of the account, and maintaining, or
causing to be maintained, records of account assets, including all purchases, redemptions,
sales and exchanges. Additionally, Bellatore may monitor client accounts for asset class drift
and client contribution and distribution needs.

Clients may terminate their agreement upon thirty (30) days’ prior written notice to their
Financial Advisor and Bellatore.

Once notified of an account termination, the client’s Financial Advisor and/or Bellatore will
direct the custodian to deliver cash and securities held in the client’s account as instructed in
writing by client, unless the client requests that the account be liquidated. If the client’s
account is liquidated as a result of termination, proceeds will be payable to the client upon
settlement of all transactions in the account. The client will be entitled to a pro rata refund of
any pre-paid quarterly advisory or administrative fees, based upon the number of days
remaining in the quarter after the date of termination.

Account Minimums

With the exception of UMAP, the CAM Program and Altius Program impose a minimum client
account size. Additionally, Financial Advisors using Bellatore’s services may impose a separate
minimum client account size greater than our stated minimums. Please refer to your Financial
Advisor’s disclosure brochure for more information.

Clients investing in the CAM Program or Altius Program must typically meet the following
minimum initial investment and account balance requirements:

                         Minimum Initial Investment and           Minimum
Program Option           Minimum Account Balance                  Subsequent Investment
Altius Program                       $25,000                            $0
CAM Program (non-ETF models)         $25,000                            $0
CAM Program (ETF models)             $50,000                            $0

Bellatore may waive the minimum initial investment and/or minimum account balance. The
criteria that are considered in waiving the minimum initial investment and/or minimum
account balance include, but are not limited to: householding of accounts, advisor
relationship, etc.

Bellatore reserves the right to terminate any client account that falls below the applicable
minimum account requirements due to withdrawals or market action.