Carroll Advisory Group LLC

ITEM 5 FEES AND COMPENSATION

    Please note, unless a Client has received the firm’s Disclosure Brochure at least 48 hours prior to signing
    the investment advisory contract, the investment advisory contract may be terminated by the Client within
    five (5) business days of signing the contract without incurring any advisory fees.
    Investment Management Services
A. Comprehensive Investment Management Services
   Comprehensive Investment Management Services include both investment management and financial
   planning. For Comprehensive Investment Management Services CAG charges an annual fee which is the
   lesser of:

     Fee                                    Explanation
                                            Clients are charged 1% of AUM billable balance until their
     1% of AUM Billable Balance
                                            AUM reaches the flat fee threshold below.
     Annual Fee of $12,500
                                            This amount is a flat annual fee that automatically increases
     (1% of $1,250,000 AUM Billable
                                            annually by 3% at the beginning of each calendar year.
     Balance)

    Please note that legacy clients may pay lower fees.

    Financial Planning Services
    CAG’s Financial Planning fees are determined based on the type of services provided and the needs of the
    client and are noted in the financial planning agreement. With project-based financial planning, the fee
    will be agreed upon before the start of any work. The fixed fee can range between $1,500 and $5,000 and
    is due in full in advance of CAG providing the planning service.

B. Fees are directly debited from Client accounts at the custodian, or the Client may choose to pay by check
   or electronic funds transfer.

C. Fees are exclusive of brokerage commissions, transaction fees, and other related costs and expenses which
   may be incurred by the Client. Clients may incur certain charges imposed by custodians, brokers, and other
   third parties such as custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire
   transfer, and electronic fund fees, and other fees and taxes on brokerage accounts and securities
   transactions. Mutual fund and exchange-traded funds also charge internal management fees, which are
   disclosed in a fund's prospectus. These charges, fees, and commissions are exclusive of and in addition to
   the Adviser’s fee, and the Adviser shall not receive any portion of these commissions, fees, and costs.

D. All Comprehensive Investment Management Services fees are prorated and are paid in advance. Clients
   custodied at Charles Schwab & Company and whose fees are based on a percentage of AUM will pay fees
   monthly in advance based on the account balance as of the last day of the previous month. Financial
   Planning fees are paid in full in advance of providing the planning service.

    An account may be terminated with written notice at least 30 calendar days’ notice. Upon termination of
    the account, any unearned investment management and ongoing financial planning fees will be prorated
    and refunded to the client. The upfront portion of financial planning fees are non-refundable.

ITEM 7 TYPES OF CLIENTS

    We provide investment advice to individuals, high net-worth individuals, charitable organizations, and
    corporations or other businesses.
    We do not have a minimum account size requirement.