Every Securities LLC

Item 5 Fees and Compensation

General
Wrap Fee
Every Securities offers investment advice to Clients and manages assets through the Every Securities
wrap fee program. A wrap fee program has a fee structure that provides Clients with advisory and
brokerage services for a bundled fee with no additional account activity charges for execution of
trades. As such, Every Securities charges Clients a single bundled fee that covers the investment
advisory services it provides, as well as the brokerage and custodial services associated with holding
and trading securities provided by its third-party broker-dealer and custodian.
After deducting costs related to brokerage and custodial services, the portion of the wrap fee that
remains will be received by Every Securities as compensation for our services. Every Securities
typically charges Clients a wrap program fee based on the total net assets in their account,
represented as an annualized percentage of total net assets (the "asset-based fee").
Every Securities’ asset-based fee is calculated and accrued on a daily basis based on the market
value of each Client’s account at the end of each day. The Firm assesses fees monthly, in arrears,
which are deducted directly from Client accounts. The asset-based fee is generally between 0.05%
and 0.75%, but Every Securities reserves the right to negotiate the asset-based fee, and any
management fees with a Client or prospective Client.
From time-to-time Every Securities may adjust its wrap fee program and policies. In the event of
such adjustments this brochure will be modified as needed and an updated copy will be made
available to Clients.
Every Securities’ Wrap Program Fee includes all trade charges applicable to an account. However,
it does not include some other related costs and expenses. In addition to the Every Securities Wrap
Program Fee, Clients may incur certain other fees imposed by third-party financial institutions. (e.g.,
transfer fees, administrative fees, other expenses). Every Securities’ fees may not cover certain
charges imposed by our third-party broker and custodian. These types of charges include, but are
not limited to, wire transfer fees, paper statement fees, bounced check fees, transfer taxes, wire
transfer and electronic fund fees.
The issuer of some of the securities available to Every Securities Clients, such as mutual funds/ETFs,
may charge product fees and expenses that affect Clients. These fees are not charged by Every
Securities and Every Securities does not benefit directly or indirectly from any such fees.
Payment of Fees
Every Securities will calculate and debit the prorated amounts of the fees from the assets in a Client's
account on a monthly basis in arrears, unless Every Securities has agreed to be paid fees via invoice
from outside of the managed account. Prior to deducting fees from their accounts, Every Securities
may, when necessary, instruct our broker to sell securities, in accordance with the Client’s prior
instructions and as agreed upon within the Investment Advisory Agreement, in an amount that will
generate cash proceeds to satisfy a Client's fee obligation.

Additional Fees and Expenses Payable by Clients
Investment activity may also involve other transaction fees payable by Clients, such as sales charges,
odd-lot differentials, transfer taxes, returned transaction fees, wire transfer and electronic fund fees,
and other fees and taxes on brokerage accounts and securities transactions. In addition, Clients will
incur certain charges imposed by outside custodians, broker-dealers, and other third parties, such as
custodial fees, administrative fees, and transfer agency fees. Such fees are separate from and in
addition to Every Securities’ advisory fee, as described above, and will be debited directly from
Client accounts. Every Securities does not currently receive any payments from brokers, custodians,
or any other third parties relating to its provision of investment advisory services.

Fees for Investment of Client Assets in Third-Party Mutual
Funds
At times, Every Securities may invest a client’s assets in mutual funds (including money market
funds or similar short-term investment funds). To the extent that a client’s assets are invested in
other pooled vehicles, the Clients will also typically pay management and/or other fees (such as
performance fees) associated with each such mutual fund or other pooled vehicle that are in addition
to the fees paid by the Client to Every Securities, as described below. Those fees are described in
each pooled vehicles’ offering documents (e.g., prospectus or offering memorandum). Such charges,
fees, and commissions are exclusive of, and in addition to, Every Securities’ investment advisory
fee.

Fees for mutual fund investments generally include two types: shareholder fees and annual fund
operating expenses. Shareholder fees may include: Sales loads (fees paid to a broker/dealer, which
may include front end sales loads (sales fees charged upon purchasing shares) and/or back end sales
loads (sales fees charged upon redeeming shares); redemption fees (fees paid to the fund upon the
sale of mutual fund shares); exchange fees (fees charged for transferring to another fund within the
same fund group); and account fees (account maintenance fees). Annual fund operating fees include:
management fees (fees paid to an adviser or its affiliates for managing the fund); distribution and/or
service (e.g., 12b-1) fees (fees for distribution expenses, and sometimes shareholder service
expenses); and other expenses (miscellaneous expenses, such as custodial expenses, legal expenses,
accounting expenses, transfer agent expenses, and other administrative expenses). Clients whose
assets are invested in mutual funds may pay some or all of the above fees. Clients should review the
prospectus of any fund in which their assets are invested in order to understand the fees that may be
applicable to their particular investment.

Item 7 Types of Clients
Every Securities provides advice to corporate entity accounts. Investment minimums are not required at
this time.

Item 8 Method of Analysis, Investment
Strategies, And Risk of Loss
 Investment Strategies and Methods of Analysis

Every Securities provides access to government-backed securities, money market funds, and mutual
funds through its digital investment platform, subject to Client’s preferences, objectives, and risk
tolerance. Every Securities collects information from each Client at time of onboarding and at least
annually, including specific information about a Client’s overall investment objectives. Every
Securities will provide initial investment recommendations and at least annual updated
recommendations which are based on the information provided. Every Securities does not accept
discretion over Client assets and Clients retain the ultimate decision of whether or not to follow such
recommendations.

We use the following methods of analysis in formulating our investment advice and/or managing
Client assets:

Money Market Fund, Mutual Fund, and/or ETF Analysis: We look at the experience and track record
of the manager of the money market fund, mutual fund, or ETF in an attempt to determine if that
manager has demonstrated an ability to invest over a period of time and in different economic
conditions. We also look at the underlying assets in a money market fund, mutual fund, or ETF in an
attempt to determine if there is significant overlap in the underlying investments held in another
funds(s) in the Client’s portfolio. We also monitor the funds or ETFs in an attempt to determine if
they are continuing to follow their stated investment strategy.

A risk of fund and/or ETF analysis is that, as in all securities investments, past performance does not
guarantee future results. A manager who has been successful may not be able to replicate that success
in the future. In addition, as we do not control the underlying investments in a fund or ETF, managers
of different funds held by the Client may purchase the same security, increasing the risk to the Client
if that security were to fall in value. There is also a risk that a manager may deviate from the stated
investment mandate or strategy of the fund or ETF, which could make the holding(s) less suitable for
the Client’s portfolio.

As previously noted, we may recommend the use of third-party investment managers to implement
our investment advice. We analyze individual investment managers based upon their investment
strategies, experience, performance track record, reputations, and fee arrangements.

Risks for all forms of analysis: Our securities analysis methods rely on the assumption that the
companies whose securities we purchase and sell, the rating agencies that review these securities, and
other publicly-available sources of information about these securities, are providing accurate and
unbiased data. While we are alert to indications that data may be incorrect, there is always a risk that
our analysis may be compromised by inaccurate or misleading information.

We use the following strategy in managing Client accounts, provided that such strategy is appropriate
to the needs of the Client and consistent with the Client’s investment objectives, risk tolerance, and
time horizons, among other considerations:

Although we manage your account in a manner we believe is consistent with your specific investment
objectives and risk tolerances, there can be no guarantee that our efforts will be successful. General
economic conditions, current interest rates, the performance of a particular industry or a particular
company, and any number of other factors can affect investment performance.

You should be prepared to bear the risk of loss. All investments are subject to loss, including (among
other things) loss of principal, a reduction in earnings (including interest, dividends and other
distributions), and the loss of future earnings.

Risk of Loss
All investing and trading activities risk the loss of capital, including loss of principal. Every
Securities cannot guarantee any level of performance or that Clients will not incur a loss of capital.
The following risks are not meant to be all inclusive, but should be considered prior to engaging
Every Securities for its advisory services.

Advisory Risk
There is no guarantee that Every Securities’ analysis or recommendations pertaining to particular
securities or strategies will produce the intended results. Our judgment may not be correct, and
Clients may not achieve their investment objectives. In addition, there is a risk that Every Securities
or its Clients may experience computer issues, including equipment or Platform failure, loss of
internet access, viruses, or other events that may impair our ability to provide or Clients’ ability to
receive advisory services.

General Market Risk
The price of any security or the value of an entire asset class can decline for a variety of reasons that
Every Securities cannot control, including, but not limited to, changes in the macroeconomic
environment, unpredictable market sentiment, forecasted or unforeseen economic developments,
interest rates, regulatory changes, and domestic or foreign political, demographic, or social events.

Money Market Fund Risks
Interest Rate Risk: Money market funds invest in short-term, low-risk debt securities with maturities
typically ranging from a few days to a year. Changes in interest rates can impact the yield of these
securities and, consequently, the return on the money market fund. Rising interest rates may lead to
lower returns, while falling rates could result in reinvestment risk.

Credit Risk: Although money market funds focus on high-quality, short-term debt instruments, there
is still a risk of default by issuers. Funds holding securities of lower credit quality or those subject
to downgrades may be more likely to experience losses.
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