Brogan Financial Inc

Item 5 – Fees and Compensation

A    Fees and compensation for our services are calculated in accordance with “Schedule A” of the Investment
     Advisory Agreement, which is signed upon the start of an asset management relationship with a Client. Such
     fees are most commonly paid directly to Brogan Financial from the account by the custodian upon our
     submission of an invoice to the custodian holding a Client’s account, showing the amount of fees, the value
     of the Client’s assets on which the fees are based, and the specific manner in which the fees are calculated.
     Payment of fees may result in the liquidation of Client’s securities if there is insufficient cash in a Client’s
     account. Copies of the fee invoices will be mailed to Client as required.

     The fee calculation is based on the average daily balance in a Client’s account for the quarter, net of any
     amounts in cash, brokered CD’s and individual investment-grade bonds, which is then multiplied by the
     Client’s annualized advisory fee and then divided by the number of billing periods in the year. The fee will be
     deducted directly from the Client’s investment account(s) managed by Brogan Financial. At least quarterly,
     the custodian will notify the Client how much has been paid to Brogan Financial for our services.

     Utilizing the above formula, Clients are charged up to 2.00% annually on the assets managed by Brogan
     Financial. The actual fee each Client pays is set forth in the Investment Advisory Agreement, is negotiable,
     and is based on a number of factors, including Client investment strategies, assets under management and time
     devoted by the advisors at Brogan Financial to the Client’s account(s). The Client bears responsibility for
     verifying the accuracy of our fee calculations. We reserve the right to modify our fees after we have provided
     a Client at least 30 days prior written notice.

     For purposes of determining value, securities and other instruments traded on a market for which actual
     transaction prices are publicly reported shall be valued at the last reported sale price on the principal market
     in which they are traded (or, if there shall be no sales on such date, then at the mean between the closing bid
     and asked prices on such date). Other readily marketable securities shall be priced using a pricing service or
     through quotations from one or more dealers.

        PART 2A OF FORM ADV – FIRM BROCHURE
    Please note that the fee for financial planning and portfolio management services are negotiable at the
    discretion of Brogan Financial. For clients who meet specific criteria, Brogan Financial can offer a flat fee for
    these services, although this is not typical for the firm. The fees can be assessed a rate of $300.00 per hour or
    can be for a negotiated flat fee based upon an estimate of the hours that will be needed to complete a financial
    plan, portfolio recommendations and/or ongoing portfolio monitoring. Total fees will be determined by the
    complexity of the Client’s financial situation, value of the Client’s estate, as well as the time necessary to
    complete the services.

    The fee for the above-referenced separate financial planning services is inclusive of the time and activities we
    devote in working with a Client’s attorney and/or accountant in reaching agreement on solutions, as well as
    assisting the Client’s attorney and/or accountant in the implementation of all appropriate documents. We are
    not responsible for any attorney or accounting fees charged to Client as a result of the above activities.

B   As noted in the above section, our fees are generally deducted from Client assets held with an independent
    custodian and paid directly to Brogan Financial based on the agreement entered into at the start of the advisory
    relationship. This fee is deducted the month following the end of each quarter, in arrears.

C   The independent custodian may charge fees, which are in addition to and separate from the investment
    advisory service fee that we charge. All brokerage commissions, mutual fund fees and expenses, stock transfer
    fees, and other similar charges incurred in connection with transactions for the account will be paid out of the
    assets in the account and are in addition to the investment management fees paid to Brogan Financial.

D   Generally, we do not require fees to be paid in advance. Fees for asset management service are billed in arrears
    the month following the end of each quarter. Fees for partial quarters at the commencement or termination
    of this Agreement will be billed or refunded on a pro-rated basis contingent on the number of days the account
    was open during the quarter. Quarterly fee adjustments for additional assets received into the account during
    a quarter or for partial withdrawals will also be provided on the above pro rata basis.

    An invoice will be sent for any fees not directly debited from a Client’s account(s). All payments are due within
    10 days of invoice. Special arrangements may be made with Clients wishing to retain financial planning services
    on an ongoing basis.

E   Certain individuals associated with Brogan Financial are also independently licensed to sell insurance.
    Insurance related business is transacted with advisory Clients, and individuals will generate commissions from
    these products sold to or bought by Clients. Clients are advised that the fees paid to Brogan Financial for
    investment advisory services are separate and distinct from the commissions earned by any individual for
    selling Clients insurance products. All insurance related business is transacted through our affiliate, Brogan
    Financial Insurance Planning LLC.

    The receipt of commissions by individuals associated with the firm may present a potential conflict of interest.
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Item 7 – Types of Clients

Brogan Financial provides investment advice and portfolio management to individuals, including high net worth
individuals, businesses, pension and profit-sharing plans, trust, estates, and charitable organizations.