Concord Advisory Group Ltd

Item 5 – Fees and Compensation

STRATEGIC ADVISORY SERVICES
The specific manner in which fees are charged by CAG is established in a client’s written
engagement letter with CAG. The standard annual fee for Strategic Advisory Services is
an aggregate of: 0.25% on client assets less than $50,000,000; 0.10% on client assets
from $50,000,000 to less than $100,000,000; and 0.05% on client assets over
$100,000,000. Fees are negotiable based on portfolio size and complexity with a
minimum fee of $25,000 annually. CAG’s Strategic Advisory Services fee includes all the
firm services listed in Item 4 - Firm Services. Where appropriate, CAG offers certain
clients either a fixed annual fee or a project-based pricing option for its consulting services.
This “al a carte” option only includes the service detailed in the client’s engagement letter.

Fee Calculation: CAG’s consulting fees will be based upon the market value of the
client’s portfolio at the end of the previous calendar year (or most recent quarter for new
engagements). Fees for any calendar year will not be adjusted based on additions and
withdrawals during the year. The fee charged is calculated as described above and is not
charged on the basis of a share of capital gains upon or capital appreciation of the funds
or any portion of the funds of an advisory client (Section 205(a)(1) of the Advisers Act).
CAG’s fee for Project Based Consulting will be specified in the client’s engagement letter
and will be based on the project’s complexity.

Fee Payment: Clients will be invoiced in arrears at the end of each calendar quarter or
month end as agreed to at the start of the relationship.

Negotiability of Fees: All fees may be negotiable.

Termination: A client agreement may be cancelled at any time, by either party, for any
reason upon receipt of 30 days written notice to Scott Santin, Chief Compliance Officer,
at the company’s address listed on the cover page. Upon termination of any account, any
prepaid, unearned fees will be promptly refunded, and any earned, unpaid fees will be
due and payable.

Fees and Other Expenses Associated with Underlying Investment Managers and
Investment Vehicles: All fees paid to CAG for investment advisory services are separate
and distinct from the fees charged by any investment managers selected to manage any
portion of the client’s account. Each such investment manager's fees are described in its
Form ADV, Part 2A. In addition, to the extent that a client invests in a pooled investment
vehicle, all fees paid to CAG for investment advisory services are separate and distinct
from the fees and expenses charged by such investment vehicles to their interest holders.
These fees and expenses are described in each fund's offering document. Accordingly,
the client should review both the fees charged by the investment vehicles and the fees
charged by CAG to fully understand the total amount of fees to be paid by the client and
to thereby evaluate the advisory services being provided.

In addition to CAG's advisory fees, clients are also responsible for the fees and expenses
charged by custodians and imposed by broker/dealers, including, but not limited to, any
transaction charges imposed by a broker/dealer with which an independent investment
manager effects transactions for the client's account(s).

Item 7 – Types of Clients

As of December 31, 2025, CAG provides institutional investment consulting services to
204 client portfolios. CAG’s clients generally consist of: pension, 401(k) and profit sharing
plans; corporations, healthcare and insurance companies; charitable organizations,
endowments and foundations; religious organizations; and family offices. Generally,
CAG’s clients are qualified investors.