Capitol Securities Management Inc

Item 5 - Fees and Compensation
Financial Planning and Consulting Services Fees
CSM’s fees for financial planning and consulting services are determined based on the nature of the services provided, the complexity of
each client’s circumstances, and the skills and experience of the IAR engaged by the client. All fees are agreed upon in advance and
evidenced via a written agreement. Client shall make and shall be solely responsible for any and all decisions as to whether to follow or
disregard, wholly or partially, any information, recommendation, and/or advice provided by IAR. Clients are not obligated to implement
recommendations made in a financial plan through CSM.
Financial Planning Fees
The financial planning service fee for a single, one-time plan may be billed on a fixed fee or an hourly basis. For a fixed fee engagement,
the client will be required to pay one-half of the fixed fee upon execution of the agreement. The balance will be due upon delivery of the
financial plan to the client.
Hourly fees for financial planning will be billed monthly or quarterly in arrears, as agreed upon with the client. An invoice will be provided
to the client and the fee will be collected from the advisory or brokerage account designated by the client. Financial planning hourly fees
will generally range from $150 to $500 per hour. Fixed fees will depend on the level and scope of the services required and the expertise
of the professionals rendering service.
Ongoing Financial Planning Fees:
A client may engage the IAR to provide financial planning with on-going monitoring of the plan. Suchan arrangement may be billed based
on an annual fixed fee or on an annual percentage of a client’s net worth. For an annual fixed fee, the fee will payable in advance on an
installment basis at the calendar month-end or quarter-end. The first payment will be prorated to cover the period from the date the
Agreement is signed through the end of the current calendar quarter.
Annual fees based on a client’s net worth will be calculated upon initial execution of an agreement between CSM and the client. Each
year, the client will be provided with an invoice upon completion of the plan. The maximum percentage charged for financial planning with
ongoing monitoring will be 1.00% per annum, as agreed by contract.
Termination
This Agreement may be terminated at any time, by either party, for any reason with written notice. Certain fees may be paid in advance of
services provided. Upon termination of any account, any prepaid, unearned fees will be promptly refunded. In calculating a client’s
reimbursement of fees, we will pro-rate the reimbursement according to the number of days remaining in the billing period.
Consulting Fees
To the extent requested by the client, CSM may provide consulting services regarding non-investment related matters, such as estate
planning, tax planning and insurance, among other matters. Neither CSM nor any of its IARs serve as an attorney or licensed insurance
agent, and no portion of the CSM’s services should be construed as such. To the extent requested by a client, the IAR may recommend
the services of other professionals for certain non-investment implementation purposes (i.e. attorneys, accountants, insurance, etc.). The
client is under no obligation to engage the services of any such recommended professional. The client retains absolute discretion over
all such implementation decisions and is free to accept or reject any recommendation from CSM. Consulting fees charged by CSM l
generally range from $150 to $500 per hour. In some instances, CSM may charge a fee for Portfolio Analysis and Review (“PAR Fee”).
The fee is between 0.00% - 0.75% and is a one-time charge. It is the client’s responsibility to promptly notify CSM of any material changes
in the client’s financial situation or investment objectives.

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Fees for Pension Consulting Services
CSM’s fees for pension consulting and management services are based on the nature of the services being provided, the complexity of
the benefit plan, and the skills and experience of the IAR engaged by the plan sponsor. Fees may be for a flat, annual fee, or a percentage
of assets under management. All fees are agreed upon in advance and documented in a written Agreement with any plan sponsor.
When offering consultation and plan management services on a fixed fee basis, fees will typically range from $1,000 up to $125,000 per
year. For an annual fixed fee, the fee will be payable in advance on an installment basis at the end of the calendar quarter. The first
payment will be prorated to cover the period from the date the agreement is signed through the end of the current calendar quarter. The
first payment is due upon execution of the agreement.
Annual fees based on a plan’s assets under management will be calculated upon initial execution of an Agreement between CSM and
the plan sponsor. The fee is typically based on the reporting period ending value of plan accounts (e.g., the last market day of the quarter).
The first billing cycle typically begins once the agreement is executed, and account assets have settled into an account held by the
Custodian of record. The maximum percentage charged for pension consulting and plan management services will be 1.00% per annum,
payable quarterly, in advance, in accordance with the Agreement.
Receipt of Sponsorship Fee Compensation from Product Sponsors or Service Providers
From time to time, the Firm or our affiliates may receive compensation from product sponsors and service providers in the form of
sponsorship fees for seminars, meetings, or conferences. Our receipt of these sponsorship fees is for the purpose of defraying costs
associated with coordinating and hosting the sponsored event. These sponsorship fees generally entitle the sponsor an opportunity to
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Item 7 - Types of Clients
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CSM may offer financial planning and investment advisory services for individuals, high net worth individuals, trusts, endowments, small
businesses, and benefit plans. Our typical clients are those who are experienced and comfortable with saving and investing for their
retirement and their family’s future, board members and/or trustees acting on behalf of the trust or organization they represent, or business
owners looking for an advisory group to assist them in making prudent investment decisions for their benefit plans. For more information
about minimum account opening requirements, please refer to the Wrap Fee Program brochure of the Program Sponsor (CSM or RJA).