Ellerbrock-Norris Wealth Strategies LLC

Item 5: Fees and Compensation
  A.​ In consideration of its investment management services and selection of Third-Party Advisers,
      Adviser is compensated primarily by fees charged based on a client’s assets designated to be
      under our management. Adviser’s standard asset-based fee schedule is set forth below:​

           Client Assets Under Management                                Annual Fee Percentage
                For the first $0 to $250,000                                     1.50%
            For the next $250,001 to $500,000                                    1.40%
           For the next $500,001 to $1,000,000                                   1.25%
          For the next $1,000,001 to $2,000,000                                  0.90%
            For any amount above $2,000,000                                      0.75%

      The fee schedule above is a “tiered” or “blended” fee schedule, which means that different annual
      fee percentages will apply to different ranges of client assets under Adviser’s management. Fees
      are deducted in advance on a quarterly basis from clients’ assets and based upon the market
      value of such assets managed by Adviser as of the last business day of the prior calendar quarter
      (inclusive of securities, cash, and cash equivalents). Fees are prorated based on the date that a
      client’s assets are first designated to be under Adviser’s management up to the date that an
      advisory agreement is terminated (at which point the fees in consideration of the number of days
      remaining in the quarter after termination will be refunded to the client). Fees are also prorated for
      any intra-quarter client deposits or withdrawals in excess of $10,000.​

  B.​ In addition to the fees charged by Adviser, clients will incur brokerage and other transaction costs.
      Please refer to Item 12: Brokerage Practices, for further information on such brokerage and other
      transaction-related practices. Depending on the specific investment products held in a client’s
      account and the services provided, a client may also incur additional fees and costs charged by
      other independent and unaffiliated third-parties. Such additional fees and costs may include, but
      are not necessarily limited to, the internal fees and costs of an investment product (like a mutual
      fund or exchange traded fund), margin interest, account or asset transfer fees, subadvisory or
      third-party investment manager fees, account type fees, early redemption charges, market-maker
      or bid-ask spreads, retirement plan fees, trade-away or prime brokerage fees, fees for receiving
      paper copies of documents in lieu of electronically-delivered documents, and other fees and taxes
      on brokerage accounts and securities transactions. These additional charges are separate and
      apart from the fees charged by Adviser. Lower fees for comparable services may be available
      from other sources.​
      ​
      To the extent FPAS has been retained as Third-Party Adviser for one or more of Client’s
      accounts, the asset-based fee schedule above is inclusive of the fee that FPAS charges to
      Adviser. To the extent Parametric has been retained as a Third-Party Adviser for one or more of
      Client’s accounts, the asset based fee schedule above is exclusive of the fee that will be charged
      by Parametric to Client pursuant to a separate agreement between Parametric and Client as may
      be amended from time to time. As of the date of this brochure, additional fees charged by
      Parametric generally range from 0.15% to 0.39% per annum depending on the strategy(ies)
      selected, charged quarterly in arrears based on the value of assets designated to be under
      Parametric’s management as of the last business day of the quarter.​
      ​
      Such fees are in addition to any fees charged by Adviser, but the total fee charged to clients by
      Adviser, FPAS, and Parametric will not exceed 2% of assets under management annually.

  C.​ With respect to financial planning, Adviser charges a flat rate that generally ranges between $250
      and $20,000 per financial plan, and/or ongoing flat fees charged monthly or quarterly depending
      on the nature and complexity of the financial planning services to be rendered and the specific
      scope of financial planning services agreed-to with the client. Fees are negotiable, may be

                                       Date of Brochure: June 17, 2026

    charged in advance or arrears, and each client’s specific fee schedule is included as part of the
    investment advisory agreement signed by Adviser and the client. Upon termination of a financial
    planning engagement, the client shall be entitled to a pro rata refund of any pre-paid fees based
    upon the number of days in the applicable billing period up to the Termination Date. To the extent
    fees are charged in arrears, Adviser shall be entitled to a pro rata amount of fees based upon the
    number of days in the applicable billing period up to the Termination Date.​

D.​ In consideration of its pension consulting services, Adviser is compensated primarily by fees
    charged based on a plan’s assets designated to be under our advisement or management.
    Adviser’s standard asset-based fee schedule for pension consulting services is set forth:​

    Client Assets Under Advisement or             FPAS Annual          Adviser           Total Fee
                 Management                           Fee             Annual Fee
         For the first $0 to $1,000,000              0.25%              0.70%              0.95%
    For the next $1,000,001 to $3,000,000            0.21%              0.45%              0.66%
    For the next $3,000,001 to $5,000,000            0.17%              0.25%              0.42%
...

Item 7: Types of Clients
Adviser generally provides its services to individuals, high-net-worth individuals, and defined contribution
plans, defined benefit plans, or other employee benefit plans. Adviser does not require a minimum
account value to open or maintain an account. Please note that the Third-Party Advisers retained by
Adviser may separately impose minimum account value requirements. As of the date of this brochure,
Parametric imposes minimum account size requirements for its strategies, and such minimums can range
from $250,000 to $10,000,000.

                                        Date of Brochure: June 17, 2026