Benjamin F Edwards & Company Incorporated

Item 5 - Fees and Compensation
          Benjamin F. Edwards Current Investment Advisory Fees

          BFE will provide investment advisory services selected by the client for the investment advisory fees discussed in
          this section.

          BFE’s investment advisory fee is an annual wrap fee that consists of (1) the fee for advisory services provided by
          BFE (the "Edwards Fee") and, if applicable, (2) the fee for portfolio management services provided to the client
          (the "Manager Fee"); the Edwards Fee and Manager Fee together is known as the “Total Fee”.

Benjamin F. Edwards & Co. | ADV Part 2A Firm Brochure                                                                          Page 15 of 45

          The Edwards Fee includes but is not limited to BFE's investment advisory services, account administration, trade
          execution through the custodian, and compensation to the financial advisor. The maximum Edwards Fee is 2.00%.
          Please note, there is a minimum annual fee of $125 that applies to all BFE investment advisory accounts.

          The Manager Fee, if applicable, includes portfolio management services compensation to BFE or third-party asset
          managers. The Manager Fee varies and will depend on the manager and/or strategy selected by the client, BFE, or
          the financial advisor.

          The client is responsible for the Total Fee up to a maximum of 2.50% annually. BFE reserves the right to increase
          the Total Fee by five percent per calendar year. Any Total Fee (as described herein) increase will be preceded by
          notification to me of the increase. Where a Total Fee increase is the result of a change to the client’s Investment
          Advisory Program Selection, it will require the client’s express written consent. In instances where BFE provides
          clients notification of a fee increase, BFE will send the notification as part of the client statement or in a separate
          communication.

          BFE’s investment advisory fees are negotiable, and the client’s actual fee is documented in the BFE Investment
          Advisory Agreement which is executed by the client. The investment advisory fee is charged pro-rata on a
          quarterly basis in advance and will be based on the average daily asset value of the client’s account for the
          previous quarter. BFE’s investment advisory fees will be debited from the client’s advisory account unless an
          alternate BFE account is designated by the client for such purpose.

          Benjamin F. Edwards Legacy Investment Advisory Program Fees

          BFE discontinued these legacy programs on April 1, 2023. BFE will continue to support the clients in these
          programs who opened accounts prior to April 1, 2023. Fees for BFE’s legacy programs are as follows:

          Benjamin F. Edwards Mutual Fund Portfolios                       Benjamin F. Edwards Exchange Traded Fund
                                                                           Portfolios
          The annual fee for this advisory service is as follows:
              First $250,000 in assets = 1.50%                             The annual fee for this advisory service using the
              Next $250,000 in assets = 1.25%                              Confluence, and First Trust models is as follows:
              Next $500,000 in assets = 1.00%                                  First $250,000 in assets = 2.25%
              Amounts greater than $1,000,000 = 0.75                           Next $250,000 in assets =1.75%
                                                                               Next $500,000 in assets = 1.50%
          Benjamin F. Edwards Mutual Fund Model Strategies                     Amounts greater than $1,000,000 = 1.25%

          The annual fee for this advisory service is as follows:          The annual fee for this advisory service using the
              First $250,000 in assets* = 1.50%                            Morningstar models is as follows:
              Next $250,000 in assets = 1.25%                                  First $250,000 in assets = 1.75%
              Next $500,000 in assets = 1.00%                                  Next $250,000 in assets = 1.50%
              Amounts greater than $1,000,000 = 0.75%                          Next $500,000 in assets = 1.25%
              * For the American Funds models, there is a                      Amounts greater than $1,000,000 = 1.00%
              minimum fee of $125 per year.
                                                                           The annual fee for this advisory service using the BFE
          Benjamin F. Edwards Active Passive Portfolios                    models is as follows:
                                                                               First $100,000 in assets* = 1.25%
          The annual fee for this advisory service is as follows:              Next $250,000 in assets = 1.00%
              First $250,000 in assets = 1.50%                                 Amounts Greater than $350,000 = 0.75%
              Next $250,000 in assets = 1.25%                                  * For these models, there is a minimum fee of
              Next $500,000 in assets = 1.00%                                  $125 per year
              Amounts greater than $1,000,000 = 0.75%

Benjamin F. Edwards & Co. | ADV Part 2A Firm Brochure                                                                           Page 16 of 45

          Benjamin F. Edwards Equity Portfolios                             will be the lesser of either the blended rate or a
                                                                            flat rate of 1.75%.
          The annual fee for this advisory service is negotiable
          and will not exceed 2.20% of the market value of the         Benjamin F. Edwards Separately Managed
...

Types of Clients

          BFE provides advice to a wide variety of clients including but not limited to:
              • Individuals
              • Pension and profit-sharing plans
              • Trusts, estates, and charitable organizations

Benjamin F. Edwards & Co. | ADV Part 2A Firm Brochure                                                                      Page 29 of 45

               •     Corporations and other business entities
               •     Public entities and other governmental organizations
               •     Educational institutions
               •     Investment clubs
               •     Foundations and other charitable or fraternal organizations

          Account Requirements

          The minimum account size for each wrap fee program is as follows:

          Discretionary Investment Advisory Program – The minimum account size varies depending on the manager and
          strategy selected. Details are as follows:

               •     Strategies with BFE as portfolio manager – Ranges from $5,000 to $160,000.
               •     Strategies with BFE financial advisor as portfolio manager – Ranges from $25,000 for mutual fund or ETF
                     only strategies to $40,000 for equity strategies.
               •     Strategies with third-party asset manager as portfolio manager – Ranges from $10,000 to $25,000 for
                     mutual fund and ETF strategies. Other minimums vary by manager but are most commonly $100,000.

          Non-Discretionary Investment Advisory Program – Ranges from $25,000 for mutual fund or ETF only strategies to
          $40,000 for equity strategies

          Please note that with respect to “minimum account size” BFE may, under exceptional circumstances, consider
          permitting accounts having asset values lower than the indicated minimum account size to participate in the
          programs. Such circumstances might include whether the account is a transfer account, alignment with investment
          philosophy, or possible effects of market activity.