Excel Financial LLC

Item 5: Fees and Compensation
Method of Compensation and Fee Schedule
 ASSET MANAGEMENT
 Excel offers discretionary and non-discretionary direct asset management services to
 advisory Clients. Excel charges an annual investment advisory fee based on the total assets
 under management. Generally, the fees are based as follows:
                 AUM                     Annual Fee
  $1 to $99,999.99                            1.25%
  $100,000 to $499,999.99                     0.90%
  $500,000 to $999,999.99                     0.60%
  $1,000,000 to $1,999,999.99                 0.55%
  $2,000,000 to $4,999,999.99                 0.50%
  $5,000,000 to $9,999,999.99                 0.40%
  $10,000,000 to $29,999,999.99               0.20%
  $30,000,000 to $39,999,999.99               0.10%
  $40,000,000 and up                          0.05%
 This is a tiered/blended fee schedule, the asset management fee is calculated by applying
 different rates to different portions of the portfolio. Excel Financial may group certain related
 Client accounts for the purposes of determining the annualized fee.

 For example (based on monthly/quarterly billing period):
 Client with $750,000 under management would pay $6,349.98 on an annual basis.
  AUM                             Annual fee     Total
  First $99,999.99                x 1.25% =      $1,249.99
  Next $399,999.99                x 0.90% =      $3,599.99
  ($100,000 to $499,999.99)
  Last $250,000                   x 0.60% =      $1,500.00
  ($500,000 to $750,000)
  Total fee for the year                         $6,349.98
  Effective fee percentage based on AUM          0.85%

 A minimum annual fee of $625 shall be billed, unless waived by Excel Financial. Clients with
 AUM less than $150,000 can receive Financial Planning Services for an annual fee of $1,700.
 Alternatively, services may be provided on an hourly rate or fixed-fee basis. The hourly rate
 is $250. Fixed fees can typically range from $500 to $10,000 but can be more or less
 depending on the services provided.
 These fees are negotiable and Excel Financial retains the right to adjust fees based on each
 client’s unique circumstance and service requirements. If a new fee is determined, it is not
 applied until it is documented in a new advisory services contract, discussed with Client, and
 signed by Client and IA.

Fees are paid quarterly in arrears, and clients may terminate their contracts with thirty days’
written notice. Fees for services billed on an hourly rate basis are billed based on the number
of hours of service performed during the billing period. Fees for services billed on a fixed-
fee basis are billed in their entirety in the period during which the work is completed.
Because fees are charged in arrears, no refund policy is necessary. Clients may terminate
their accounts without penalty within five business days of signing the advisory contract.
Advisory fees are withdrawn directly from the client’s accounts with client written
authorization.
FINANCIAL PLANNING AND CONSULTING
Excel charges either an hourly fee or fixed fee for financial planning. Fees are negotiable.
Prior to the planning process, the Client will be provided an estimated plan fee. Services are
normally completed and delivered inside of sixty (60) days. The Client may cancel within five
(5) days of signing the IAC with no obligation. If the Client cancels after five (5) business days,
any unearned fees will be refunded to the Client, or any unpaid earned fees will be due to
Excel. Excel reserves the right to waive the fee should the Client implement the plan through
Excel. Fees for financial plans are due upon delivery of the completed plan.
       HOURLY FEES
       Financial Planning Services are offered based on an hourly fee of $250 per hour.
       FIXED FEES
       Financial Planning Services are offered based on a flat fee between $500 and $10,000.
ERISA PLAN SERVICES
Standard retirement plan investment advisory services are typically provided on a fixed-fee
basis that may include the following two components:
       BASE FEE – This is a fixed fee covering plan committee advisory services and will
       normally range from $2,000 to $10,000 per year, depending upon plan requirements.
       PARTICIPANT FEE – This is a fixed fee covering plan participant advisory services
       and will normally range from $0 to $250 per participant per year depending on the
       plan configuration and participant advisory support requirements.
The total fee is determined by adding the individual fee components applicable to the plan
for each billing period.
These services may also be offered on an AUM-only basis, with fees typically ranging from
0.25% to 1.25%.
Fees are charged quarterly in arrears, based on the number of participants with accounts
and/or the value of plan assets as calculated by the custodian or record keeper of the
Included Assets (without adjustments for anticipated withdrawals by plan participants or
other anticipated or scheduled transfers or distribution of assets) on the last business day of
the previous quarter. If the services to be provided start any time other than the first day of
a quarter, the fee will be prorated based on the number of days remaining in the quarter. If
the ERISA IAC is terminated prior to the end of the fee period, Excel shall be entitled to a
prorated fee based on the number of days during the fee period for which services were
provided.

 The fee schedule, which includes the compensation of Excel for the services rendered, is
 described in detail in the ERISA IAC. The plan is obligated to pay the fees and the Client may
 elect to have fees paid from plan assets. Alternatively, the Client may elect to be billed
 directly and pay the fees on behalf of the plan. Excel does not reasonably expect to receive
 any additional compensation, directly or indirectly, for its services under the ERISA IAC. If
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Item 7: Types of Clients
Description
 Excel generally provides investment advice to individuals, high net worth individuals,
 pension and profit sharing plans, charitable organizations and businesses.
 Client relationships vary in scope and length of service.
Account Minimums
 Excel does not require a minimum to open an account.