Commonwealth Financial Services LLC

ITEM 5 – FEES AND COMPENSATION

ASSET MANAGEMENT SERVICES PROGRAM

We offer Asset Management Services Program accounts where no separate transaction charges apply, and a single fee
is paid for all advisory services and transactions (“Wrap Account”). In a Wrap Account, the wrap fee is set up so that the
Advisory Representative pays the underlying ticket charges for securities transactions. When the Advisory Representative
pays the ticket charges, a conflict exists that the Advisory Representative will trade less frequently which results in the
Advisory Representative retaining a greater portion of the wrap fee. The Firm has policies and procedures to manage this
risk.

    CFS IA Brochure 2026.1                                                              Current as of January 27,

You will pay a quarterly fee, in advance, based on the period ending balance (PEB) of your account assets under
management for the previous period. Your initial fee will include fees billed in arrears based on the number of days that
services were provided during the first billing period. Your account fees are based on the fee schedule of the respective
investment model portfolio selected and will be debited from your account by your custodian. Fees are negotiable under
certain circumstances that are at the discretion of your Advisory Representative. Note that due to different fee levels
between investment models, a conflict of interest exists in that there is an incentive for us to recommend the model that
pays a higher fee amount. This conflict is mitigated through our investment model selection process which is completed
with each client upon engagement. On an exception basis, you can have your management fees paid from other accounts
or have us bill you directly by invoice. If you terminate your participation in this program, you will be entitled to a pro-rata
refund of any prepaid quarterly fees based upon the number of days remaining in the quarter after the date upon which
the notice of termination is received.

Mutual funds and ETFs invested in the account have their own internal fees which are separate and distinct from the
program account fees (for more information on these fees, see the applicable fund prospectus).

For complete fee details, please refer to the Asset Management Services Program Brochure.

PARTICIPANT RETIREMENT PROGRAM

You pay management fees to CFS and your Advisory Representative pursuant to the provisions of a client fee schedule,
with a maximum 2% annual fee charged. The fee can be a fixed percentage fee on the total assets in your account or a
tiered fee schedule where the percentage-based fee is lowered as assets in your accounts increase. The exact fee
charged, or fee schedule used is disclosed prior to services being provided.
Fees are negotiated based on the complexity of your financial situation, the investment services to be provided, the
experience and standard fees charged by your Advisory Representative and the nature and total dollar value of Plan
Assets maintained in your account. The management fee covers only the investment management services provided by
us and does not include brokerage commissions or other costs associated with the purchase and sale of securities,
custodial fees, interest, taxes, or other account expenses.

Commonwealth Financial Services retains up to 25 basis points (0.25%) of the annual fee charged to your account for the
administrative and support services we provide. Although not required, we can bundle your related accounts to achieve a
break on management fees. Account bundling does not reduce our administrative fee; each account is priced separately
for purposes of the administrative fee. Account bundling can be done on accounts with the same fee schedule and with
clients in the same immediate family or under the same qualified plan. When accounts are bundled, the total period ending
balance (PEB) for all of the bundled accounts is used to determine the applicable fee percentage from the client fee
schedule. This percentage is then applied to each account and a fee charged to each respectively.

You will pay a quarterly fee, in advance, based on the Period Ending Balance (PEB) of your account assets under
management for the previous period as of the final day of that period. Your initial fee will include fees billed in arrears
based on the number of days that services were provided during the first billing period. PEB does not account for unpriced
securities or days when the Account has a zero balance. CFS retains the right to change the basis upon which the
management fee is calculated and/or the timing of billing. Any such change(s) will be effected under the terms and
provisions of Section 21 (Amendment) of your Client Agreement. At its discretion, CFS and/or IAR may exclude certain
assets from the calculation of management fees. At its discretion, CFS and/or our Advisory Representative may exclude
certain assets from the calculation of management fees.

If your account has not maintained adequate cash in the account to pay management or other fees, CFS reserves the
right to direct the broker/dealer-custodian to liquidate, at any time, a portion of other Plan Assets to cover the charges.
You should review the documents establishing the broker/dealer-custodial account for details on the tax reporting
treatment of deducting management fees.

Depending upon the investment services provided, assets in excess of a threshold amount (as determined from time to
time by CFS) deposited into or withdrawn from the account by you may be charged or refunded a pro-rated portion of the
management fee based on the number of days during the billing period the assets were held in the account.

    CFS IA Brochure 2026.1                                                                 Current as of January 27,

THIRD PARTY ADVISORY SERVICES
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ITEM 7 – TYPES OF CLIENTS

Our Advisory Representatives provide investment advisory services to:

    •   Individuals (including high net worth individuals)
    •   Broker/Dealer
    •   Brokerage Customers of outside Broker/Dealers
    •   Pension and profit-sharing plans
    •   Trusts
    •   Estates or charitable organizations
    •   Corporations
    •   Other business entities

The investment model portfolios we use with clients have minimum account sizes. However, custom portfolios created on
an individual basis may be available without a minimum account size.

    CFS IA Brochure 2026.1                                                           Current as of January 27,