ITEM 5: FEES AND COMPENSATION
A. Fee Schedule
Investment Management Fees
CA bases its annual investment management fee for managed discretionary assets upon a percentage (%) of the market value
of the assets and the specific types of investment management services provided. CA uses an average of the daily balance in the
client’s account throughout the billing period, after taking into account deposits and withdrawals, for purposes of determining
the market value of the assets upon which the advisory fee is based. The following are the fees charged by Centennial Advisors,
LLC for services provided:
Assets Under Management: Annual Fee:
First $500K 1.50%
Next $500K 1.25%
Next $2M 1.00%
Next $2M 0.80%
Next $5M 0.60%
Over $10M 0.50%
These fees are generally negotiable, and the fee schedule is attached as Exhibit II of the Investment Advisory Contract. Clients
may terminate the agreement without penalty for a full refund of CA’s fees within five business days of signing the Investment
Advisory Contract. Thereafter, clients may terminate the Investment Advisory Contract immediately upon written notice.
Assets allocated to the Centennial Alternative Income Fund will be charged an annual fee of 1.00%.
Selection of Other Advisers Fees
CA will receive its standard fee on top of the fee paid to the third-party adviser. This relationship will be memorialized in
each contract between CA and each third-party adviser. The fees will not exceed any limit imposed by any regulatory agency.
Specifically, CA may direct clients to AE Wealth Management.
These fees are negotiable.
Centennial Alternative Income Fund Fees
Clients who invest in Centennial Alternative Income Fund, LP will bear their proportionate share of the fees and expenses
associated with the Fund. The Fund charges a management fee of 1% to investors. These fees are paid to the Fund’s investment
manager, Fairway Asset Management, LLC, and are separate from the advisory fees charged by CA.
Private Fund Fees
Clients who invest in ThetaEdge Strategies Fund, L.P. will bear their proportionate share of the Fund’s expenses, which may
include, but are not limited to:
• Management Fees • Performance-based compensation (such as carried interest or incentive allocations)
• Fund operating expenses • Administrative and legal expenses
The specific fee structure and expense allocation applicable to investors in the Fund are described in detail in the Fund Documents.
Clients should carefully review these documents prior to investing.
Centennial Advisors, LLC. - Version Date: March 30, 2026 Form ADV Part 2A | Item 5: Fees and Compensation
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Financial Planning Fees
Fixed Fees: The negotiated fixed rate for creating client Financial plans is a minimum of $1,500 and can increase based on the
client’s needs and complexity of the plan.
Subscription-based Fee: Our Financial planning services may also be offered on a monthly subscription fee basis depending on
complexity and services provided. If a client chooses the subscription model, the client will enter into a twelve-month contract
and the fee is payable via credit card using AdvicePay.
Clients may terminate the agreement without penalty, for full refund of CA’s fees, within five business days of signing the Financial
Planning Agreement. Thereafter, clients may terminate the Financial Planning Agreement upon written notice to CA.
Tax Preparation Fees
CA may charge fees for tax preparation services. The base fee for preparation of a standard income tax return is $329, with the
final fee varying depending on the complexity of the return and the scope of services required.
Additional fees may apply for complex tax situations, additional forms or schedules, amended returns, or other tax-related services.
Clients will receive an engagement agreement describing the scope of services and applicable fees prior to the preparation of
tax returns. Fees for tax preparation services are separate from and in addition to any investment advisory or financial planning
fees charged by CA.
B. Payment of Fees
Payment of Investment Management Fees
Asset-based investment management fees are withdrawn directly from the clients’ accounts with clients’ written authorization
on a monthly basis or may be invoiced and billed directly to the client on a monthly basis. Clients may select the method in which
they are billed. Fees are paid in arrears.
Payment of Selection of Other Advisers Fees
Fees for selection of AE Wealth Management as third-party adviser: All accounts utilizing AE Wealth Management as third-party
adviser are part of the Centennial Advisors Wrap Fee Program. CA will withdraw the fees directly from the client’s accounts with
client’s written authorization. CA will then pay a portion of the fee to AE Wealth Management. Fees are paid monthly in arrears.
See the Wrap Fee Program Brochure for further information.
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