Crane Advisory LLC

Item 5: Fees & Compensation

Compensation for Our Advisory Services

Comprehensive Portfolio Management: The maximum annual fee charged for this service will not exceed
1.25%. Fees to be assessed will be outlined in the advisory agreement to be signed by the client. Our firm bills
on cash unless otherwise agreed to. Annualized fees are billed on a pro-rata basis monthly in arrears based on
the time-weighted daily average value of the account(s) during the month. Fees are negotiable and will be
deducted from client account(s). Our firm does not offer direct invoicing. As part of this process, Clients
understand the following:

ADV Part 2A – Firm Brochure                          Page 5                       Crane & Associates Wealth Management

  a) The client’s independent custodian sends statements at least quarterly showing the market values for
     each security included in the Assets and all account disbursements, including the amount of the advisory
     fees paid to our firm;
  b) Clients will provide authorization permitting our firm to be directly paid by these terms. Our firm will
     send an invoice directly to the custodian; and
  c) If our firm sends a copy of our invoice to the client, a legend urging the comparison of information
     provided in our statement with those from the qualified custodian will be included.

Standalone Financial Planning & Consulting: Our firm charges on an hourly, flat or recurring fee basis for
financial planning and consulting services. The total estimated fee, as well as the ultimate fee charged, is based
on the scope and complexity of our engagement with the Client. The maximum hourly fee to be charged will
not exceed $1,000. Flat fees will not exceed $60,000. Annual recurring fees will not exceed $60,000. The fee-
paying arrangements will be determined on a case-by-case basis and will be detailed in the signed consulting
agreement. Our firm will not require a retainer exceeding $1,200 when services cannot be rendered within 6
months.

Retirement Plan Consulting: Our firm charges a fee based on the percentage of Plan assets under
management for retirement plan consulting services. The total estimated fee, as well as the ultimate fee
charged, is based on the scope and complexity of our engagement with the client. The maximum
hourly fee to be charged will not exceed $1,000. Flat fees will not exceed $200,000 annually. Fees based on a
percentage of managed Plan assets will not exceed 1.00%. The fee-paying arrangements will be determined on
a case-by-case basis and will be detailed in the signed consulting agreement.

Other Types of Fees & Expenses

Clients will incur applicable transaction fees for trades executed by their chosen custodian based on individual
transaction charges. These transaction fees are separate from our firm’s advisory fees and will be disclosed by
the chosen custodian. Charles Schwab & Co., Inc. (“Schwab”) does not charge transaction fees for U.S. listed
equities and exchange traded funds but may pass on exchange fees when applicable. Clients may also pay
holdings charges imposed by the chosen custodian for certain investments, charges imposed directly by a
mutual fund, index fund, or exchange traded fund, which shall be disclosed in the fund’s prospectus (e.g., fund
management fees), distribution fees, surrender charges, variable annuity fees, IRA and qualified retirement
plan fees, mark-ups and mark-downs, spreads paid to market makers, fees for trades executed away from
custodian, wire transfer fees and other fees and taxes on brokerage accounts and securities transactions. Our
firm does not receive a portion of these fees.

Termination & Refunds

Either party may terminate the advisory agreement signed with our firm for Comprehensive Portfolio
Management services in writing at any time. Upon notice of termination, pro-rata advisory fees for services
rendered to the point of termination will be charged. If advisory fees cannot be deducted, our firm will send an
invoice for due advisory fees to the client.

Financial Planning & Consulting Clients may terminate their agreement at any time before the delivery of a
financial plan by providing written notice. For purposes of calculating refunds or additional money owed, all
work performed by C&A up to the point of termination shall be calculated according to an agreed upon hourly
rate or on a pro-rata basis based on the number of days during the year for which services were provided.

Either party to a Retirement Plan Consulting Agreement may terminate at any time by providing written notice
to the other party. Full refunds will only be made in cases where cancellation occurs within 5 business days of
signing an agreement. After 5 business days from initial signing, either party must provide the other party 30
days written notice to terminate billing. Billing will terminate 30 days after receipt of termination notice.
Clients will be charged on a pro-rata basis, which considers work completed by our firm on behalf of the Client.
Clients will incur charges for bona fide advisory services rendered up to the point of termination (determined
as 30 days from receipt of said written notice) and such fees will be due and payable.

ADV Part 2A – Firm Brochure                         Page 6                      Crane & Associates Wealth Management

Commissionable Securities Sales

Representatives of our firm are registered representatives of Cetera Wealth Services LLC (“Cetera”), member
FINRA/SIPC. As such, they can accept compensation for the sale of securities or other investment products,
including distribution or service (“trail”) fees. Clients should be aware that the practice of accepting
commissions for the sale of securities presents a conflict of interest and gives our firm and/or our
representatives an incentive to recommend investment products based on the compensation received. Our firm
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Types of Clients

Our firm has the following types of clients: Individuals and High Net Worth Individuals; Trusts, Estates or
Charitable Organizations; Pension and Profit-Sharing Plans; Corporations, Limited Liability Companies and/or
Other Business Types.

Account Requirements

Our firm requires a minimum account balance of $500,000 for our Comprehensive Portfolio Management
service. Generally, this minimum account balance requirement is not negotiable and would be required
throughout the course of the client’s relationship with our firm. However, exceptions may be made on a case-
by-case basis at our firm’s discretion.