FLC Capital Advisors

Item 5: Fees & Compensation

    Compensation for Our Advisory Services

    Financial Planning & Consulting:

    Our firm charges on an hourly or flat 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 $750. Flat fees
    will not exceed $10,000. Our firm requires a retainer of 50% of the ultimate financial planning or
    consulting fee at the time of signing. The remainder of the fee will be directly billed to the client and
    due within 30 days of a financial plan being delivered or consultation rendered. Our firm will not
    require a retainer exceeding $1,200 when services cannot be rendered within 6 months.

    Other Types of Fees & Expenses

    Clients may also pay holdings charges imposed by the chosen custodian for certain investments, fees
    for trades executed away from the custodian listed in Item 12 of this Brochure, wire transfer fees,
    fees and taxes on brokerage accounts and securities transactions, charges imposed directly by a
    mutual fund, index fund, or exchange traded fund, which shall be disclosed in the fund’s prospectus
    (i.e., fund management fees and other fund expenses), mark-ups and mark-downs, spreads paid to
    market makers, 12b-1 fees, surrender charges, IRA and qualified retirement plan fees. Our firm does
    not receive a portion of these fees.

    Termination & Refunds

    Financial Planning & Consulting services may be terminated by either party at any time by submitting
    written notice to the other party. If services are terminated within five (5) business days of executing
    a contract with our firm, services will be terminated without penalty. After the initial five (5) business
    days, clients may be responsible for fees due on a prorated basis. Any prorated charge will be based
    on the time spent and expenses incurred by our firm up to receipt of termination. Any unearned fees,
    collected in advance, will be promptly refunded to the client.

    Commissionable Securities Sales

    Representatives of our firm are registered representatives of Osaic Wealth, Inc., member
    FINRA/SIPC. As such they are able to accept compensation for the sale of securities or other
    investment products, including distribution or service (“trail”) fees from the sale of mutual funds.
    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 generally addresses
    commissionable sales conflicts that arise when explaining to clients these sales create an incentive
    to recommend based on the compensation to be earned and/or when recommending

ADV Part 2A – Firm Brochure                         Page 5                                        FLC Capital Advisors

    commissionable mutual funds, explaining that “no-load” funds are also available. Our firm does not
    prohibit clients from purchasing recommended investment products through other unaffiliated
    brokers or agents.

Item 7: Types of Clients & Account Requirements

    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.

    Our firm does not impose requirements for opening and maintaining accounts or otherwise engaging
    us.