Capital Management Advisors Inc

Item 5 – Fees and Compensation
CMA’s compensation for services shall be calculated and paid in accordance with the agreed upon Schedule
of Fees. The Schedule of Fees shall be applied by CMA to the fair market value of the assets of the Account
as reasonably determined by CMA on the last business day of each preceding period as specified in the
Schedule or, if requested by client, to the custodian’s value on the last day of each preceding period.

CMA offers investment advisory services and collects fees based upon:
   Percentage of assets under management. See tables below.
       Hourly Charges
           o Senior Advisor: $275 per hour
           o Junior Associate: $175 per hour
           o Staff Professional: $125 per hour
       Fixed Fees. CMA may charge a fixed fee for advisory services.

The annual fee schedule, based on a percentage of assets under management, is as follows:

    ETF/Mutual Fund Tactical Portfolios                             Individual Security Portfolios
Billable Portfolio Value Annual Advisor                    Billable Portfolio Value    Annual Advisor
                         Fee Rate                                                      Fee Rate
Under $250,000           1.60%                             Under $500,000              1.75%
$250,000 - $499,999      1.50%                             $500,000 - $999,999         1.50%
$500,000 - $999,999      1.40%                             $1,000,000 - $1,999,999     1.25%
$1,000,000 and above     1.20%                             $2,000,000 - $2,999,999     1.00%
                                                           $3,000,000 and above        0.75%

We charge a minimum fee of $2,400 per year for discretionary management; however, all fees are negotiable.
Fees may be higher than those paid to other investment advisors for similar services. You may incur
additional management fees on assets invested in mutual funds.

    Capital Management Advisors, Inc.                                                                 Page 5

    Form ADV Part 2A Brochure                                                      Updated: November 25, 2025

The minimum portfolio value is generally set at $100,000. Minimum annual fees may apply. CMA may, at its
sole discretion, make exceptions to the foregoing or negotiate special fee arrangements where CMA deems it
appropriate under the circumstances.

                                         Financial Planning Services
If you engage us for our financial planning services, the fees attributable to such services, and corresponding
termination and refund provisions, will be agreed upon in advance in writing. These are typically hourly
based fees or a fixed fee rate.

                                           Retirement Plan Services
                                                                   Annual Advisor
                               Billable Portfolio Value              Fee Rate
                            First           $1,000,000           1.00%
                            Next            $1,000,000           0.75%
                            Next            $3,000,000           0.50%
                            Next            $5,000,000           0.35%
                            Above           $10,000,000          0.25%

We charge a minimum annual fee of $100 per participant for all Retirement Plan Services accounts. For non-
participant directed Retirement Plan Services accounts, 0.25% per annum is added to the above stated fees.

Investment Advisory and Management Fees are generally payable quarterly, in advance. Fees may be prorated
for significant cash flows into the portfolio. Whether or not a cash flow is significant is determined at the sole
discretion of CMA. If management begins after the start of a quarter, fees may be prorated accordingly. Fees
are normally debited directly from your account(s) unless other arrangements are made.

Either we or you may terminate CMA’s Investment Management and Advisory Agreement at any time,
subject to any written notice requirements in the agreement. In the event of termination, any paid but
unearned fees will be promptly refunded to you, and any fees due from you to CMA will be invoiced or
deducted from your account prior to termination.

You may terminate services obtained from CMA, without penalty, upon written notice within five (5)
business days after entering into the advisory agreement with us. You will be responsible for any fees and
charges incurred from third parties as a result of maintaining the account such as transaction fees for any
securities transactions executed and account maintenance or custodial fees. Thereafter, you may terminate
CMA’s investment advisory services upon delivery of your written termination notice to us. Upon
termination of advisory services, a pro-rated advisory fee will be refunded to you.

Item 7 – Types of Clients
Capital Management Advisors serves individuals, corporations, pension and profit-sharing plans, trusts, and
estates. With some exceptions the minimum portfolio eligible for investment advisory services is $100,000.

    Capital Management Advisors, Inc.                                                                      Page 6

    Form ADV Part 2A Brochure                                                     Updated: November 25, 2025

Minimum annual fees may apply. Under certain circumstances and at its sole discretion, CMA may negotiate
such minimums.

You are advised that performance may suffer on smaller accounts (i.e. accounts less than $100,000) due to
challenges in achieving adequate diversification and limited access to a broader range of investment vehicles
and strategies. Adequate diversification is difficult to achieve in smaller accounts because it is often
impractical or impossible to spread smaller amounts of capital among a sufficiently wide enough array of
individual stocks and bonds. Due to this, risk controls can also be difficult to properly implement.