Fiduciary Advisor Advocates LLC

Item 5 – Fees and Compensation

     FAA, as an investment advisory co-operative platform, primarily provides its investment
     advisory, research and related advisory and operational support services to independent,
     middle market investment advisory firms through a UMA program and platform co-sponsored
     by FAA along with Callan and Natixis (also investment advisory firms) share in and split certain
     advisory fees based on a percentage of assets from the investment advisors’ end-clients or fixed
     fees. FAA and Callan share in and split the UMA program research fee, and there is currently no
     fee sharing or splitting by FAA with MPA and/or investment managers.

FIDUCIARY ADVISOR ADVOCATES, LLC                                                ADV-PART 2 BROCHURE
                                                                                    Date: 3/31/2026

     The fees charged by FAA for its services are generally based on the total assets of the
     investment advisor’s client accounts using FAA's platform support services. Where based on a
     percentage of AUM, FAA generally charges a percentage of assets under management ranging
     between five and one hundred basis points, 5 bps to 100 bps. For other related advisory
     services, FAA and its investment advisory client firms may negotiate annual fixed fees that may
     range from $10,000 to $250,000. Hourly fees charged may range from $100 to $500 per hour
     depending upon the advisory services to be provided. For general investment consulting
     services, FAA may, at its discretion, charge an annual retainer fee ranging from $5,000 to
     $100,000 to investment advisory firms which utilize the UMA platform. Fees are negotiable
     within these ranges as set forth above. Negotiation of fees is generally based on the range of
     investment advisory and support services to be provided by FAA to the investment advisor
     client.

     A surcharge to the investment advisor may be charged on accounts of its clients that are held
     with a custodian for which FAA cannot download account information electronically or
     otherwise requires manual data entry. FAA also reserves the right to charge differently on
     accounts with circumstances requiring unusual servicing or support efforts.

     FAA may charge the investment advisor a lower percentage of the investment advisor's client
     fees than the above fee schedule if the investment advisor signs a longer-term advisory services
     agreement with FAA or if the investment advisor brings a certain level of assets to FAA’s
     platform.

     Generally, advisory services agreements between FAA and investment advisor firms may be
     terminated for any reason and by either party with thirty (30) days written notice. Longer term
     contracts may have different termination provisions. These provisions are more fully set forth
     in the parties’ service agreements.

      Additional Information

     All fees paid to FAA are separate and distinct from the fees and expenses charged by investment
     pools, including mutual funds, to their shareholders. These fees and expenses are described in
     each pool's prospectus. These fees will generally include a management fee, other fund
     expenses, and a possible distribution or servicing fee. FAA’s fees are exclusive of brokerage
     commissions, transaction fees, and other related costs and expenses which shall be incurred by
     investors. Investors may incur certain charges imposed by custodians, brokers, and other third
     parties such as custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire
     transfer and electronic fund fees, and other fees and taxes on brokerage accounts and securities
     transactions. Such charges, fees and commissions are exclusive of and in addition to FAA’s fee,
     and FAA shall not receive any portion of these commissions, fees, and costs.

FIDUCIARY ADVISOR ADVOCATES, LLC                                                 ADV-PART 2 BROCHURE
                                                                                     Date: 3/31/2026

     Wealth Management & Advisory Services – Fees & Charges

     FAA charges an advisory fee which is separate and distinct from the cost of the underlying
     investment vehicles used in investing clients assets and the client’s portfolio. This advisor fee is
     the only sources of revenue for FAA pertaining to the investment program as FAA does not
     share in or benefit from any other cost associated with client’s investment program. Generally
     advisory fees are based on AUM as follows:
         Up to $2M – 1.5%
         $2M+ -– Negotiable

     Clients need to be aware than advisory fees vary from firm to firm whereby clients may be able
     to garner similar advisory services at a lower fee. Additionally, any fee for services which may
     be provided which are outside the scope of the investment management and/or investment
     advisory services agreement will be negotiated on a case by case basis.

Item 7 – Types of Clients

     FAA provides investment advisory services to independent registered investment advisors and
     their end-clients which may include pension plans, charitable foundations and endowments,
     family offices, and other institutional clients. FAA also makes its services available to family
     wealth and HNW individual sophisticated clients, who generally also qualify as accredited
     investors.