Focus Partners Wealth LLC

ITEM 5: FEES AND COMPENSATION

A. Fees for Advisory and Other Services

     Fees for Focus Partners’ services are separate from and in addition to any transaction or similar
     fees/expenses and the fees/expenses charged by any custodian, broker, subadviser/SAM, mutual fund,
     exchange-traded fund (ETF), separate account manager, limited partnership, strategy consultant, or other
     adviser, as the case may be. For investment strategy consultants that Focus Partners utilizes for certain of its
     equity strategies, Focus Partners collects the fee on behalf of the consultant and pays such consultant
     directly.

     Investment Management Services
     Our fees for investment management services are set forth in our investment advisory agreement with the
     client. Our fees are generally based on a percentage of the client’s assets under management with Focus
     Partners, generally as much as 1.25%; are negotiable; will vary from client to client, and are based on a
     number of factors, such as the client’s assets under Focus Partners’ management, scope of services to be

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    provided, origins of the client relationship (including whether the client joined Focus Partners through a
    merger with another firm), and potential future revenues from the client relationship. Advisory fees shall
    apply to cash balances, accrued interest, accrued dividends, and the value of securities held on margin
    unless negotiated or agreed upon otherwise. Clients engaging Focus Partners for Investment Management
    Services are typically subject to a minimum fee of $5,000.

    For investment advice provided on held-away accounts and assets as mentioned above in Item 4, Focus
    Partners’ fee is deducted from a brokerage account under Focus Partners’ management or paid directly by
    the client, generally on a quarterly basis. Fees are based on the value of these held-away accounts and
    assets; such valuations generally provided to Focus Partners on a quarterly basis as valued by the custodian
    or financial institution. Fees will typically be based on the client’s full portfolio value, including the held-
    away accounts. The specific fee schedule charged by Focus Partners is established in a client’s written
    agreement with Focus Partners.

    If an independent third-party adviser is utilized for separate account management, that adviser can charge
    its own management fee. All fees and expenses charged by a separate account manager are separate and
    distinct from Focus Partners’ management fee and are withdrawn from the client’s account by the separate
    account manager. SAMs may purchase or sell securities through a broker-dealer other than a BD/Custodian
    (referred to as trading away). This may result in clients incurring higher transaction costs with respect to
    those investment assets under the SAM’s management than would be incurred if these transactions were
    made through the client’s BD/Custodian.

    For certain client relationships, a fixed fee rate is charged on a quarterly basis, in advance or in arrears, in
    place of the percentage of assets under management/advisement outlined above. These fees are
    customized with the client, are negotiable, and the final fee schedule will be memorialized in the client’s
    advisory agreement. Focus Partners takes into account multiple factors to determine this fixed fee rate,
    which include but are not limited to: the services required; whether or not investment management services
    will be provided; the size and complexity of the assets under management; the complexity of the services;
    the financial planning areas to be covered; and the estimated number of hours to service the relationship.
    Fixed fees that are collected in advance will be refunded based on the prorated amount of work completed
    at the point of termination.

    Pursuant to Focus Partners’ current standard agreement, an investment advisory agreement may be
    terminated at will upon 30 days’ written notice. Clients whose investment advisory agreements predate this
    policy in some cases have alternate provisions concerning termination of such agreements. Focus Partners
    will abide by the terms of the relevant investment advisory agreement.

    Depending on the needs of the client, Focus Partners and the client may execute an investment advisory
    agreement that includes the provision of a one-time financial plan (the “Financial Plan”) of which there is no
    cost to the client. For Focus Partners’ fees for ongoing and in-depth financial counseling and/or tax
    compliance services, see below.

    Options Income Overlay Strategy
    For Focus Partners’ Options Income Overlay strategy (“OIO”), which is an overly strategy that involves
    writing uncovered put options and/or put spreads (explained below in Item 8), a client is charged an annual

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    fee of 0.75% on their Notional Value Target. This fee is in addition to the advisory fee Focus Partners
    charges on the underlying securities on which the options and/or put spreads are written. The advisory fee
    on those underlying securities depends on the specific engagement by the client. If the client engages
    Focus Partners to actively manage the securities, the client will be charged the advisory fee as stated in their
    investment advisory agreement. If the client does not seek active management, Focus Partners charges a
    Collateral Advisory Services fee on the value of the portfolio, which begins at 0.25% and is reduced to 0.12%
    (annually) if/when higher asset levels are reached. A client engaging Focus Partners for the OIO strategy
    must be approved for the strategy and must execute an Options Income Overlay Addendum, where risks,
    fees, their personal OIO investment target, and other important matters about the OIO strategy are
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ITEM 7: TYPES OF CLIENTS

Focus Partners provides investment advisory services to individuals/high-net-worth individuals, family offices,
trusts, institutions, charitable organizations and foundations, corporations, businesses, registered investment
companies, and retirement/profit-sharing plans. Because it believes that diversification within an investment
portfolio is important, Focus Partners prefers that accounts invested in certain of its investment strategies
maintain a balance that will allow the portfolio manager to properly diversify the accounts.

Minimum account or asset size for alternative investments, private offerings, and third-party separate accounts
varies depending on the manager, investment vehicle, and/or platform.

Other types of clients and non-advisory services are described in Item 4.

Outside Investors (Non-Advisory Clients) in Focus Partners’ Private Funds and Registered Funds
Focus Partners maintains non-advisory relationships with a number of investors in certain of its Private Funds
and Registered Funds. These individuals are not advisory clients of Focus Partners; their connection to Focus
Partners is solely as outside investors in one or more of the Private Funds or Registered Funds. On a monthly
basis or quarterly basis, Private Fund investors receive estimates of the Private Funds’ returns. The accountant (or
the third-party administrator for Private Funds) sends investor statements. On an annual basis, all Private Fund
investors receive audited financial statements either from the accountant or the third-party administrator.

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Registered Fund investors and prospective investors should refer to the applicable SEC filings for important
financial information about the Registered Fund(s).