Fortis Private Wealth Advisors LLC

Item 5 – Fees and Compensation

Basic fee schedule:

The specific manner in which fees are charged by Adviser is established in each client’s
Agreement. Fees for the management of Accounts will be based upon a percentage of the total
assets in the Account, including margined assets and cash balances pursuant to the Agreement.
Adviser typically receives a management fee, between 0.30% and 2.50% per annum. A client
may pay more or less fees than similar clients depending on the investment complexity and
particular circumstances of the client, size, additional or differing levels of servicing or as
otherwise agreed with specific clients. All fees and/or total assets used for calculating Adviser’s
management fee may be negotiated or waived at Adviser’s sole discretion.

The client will pay Adviser a quarterly management fee, calculated in arrears as of the last day
of the calendar quarter. The management fee will be calculated as a % of the average daily net
asset value of the Account during each calendar quarter. That sum shall in turn be divided by
365 days and multiplied by the number of days during the calendar quarter in order to obtain the
average net asset value. The management fee will be pro-rated if client opens or closes the
Account at any time other than the beginning or end of a calendar quarter.
Adviser may enter into flat fee arrangements from time to time, typically for administrative
services provided to clients.

Calculation and Deduction of Advisory Fees

Based on the Agreement, clients authorize Adviser to directly debit management fees from client
Accounts. We will deduct our advisory fee only when (1) you have given us written
authorization permitting the fees to be paid directly from your Account and (2) the qualified
custodian has agreed to deliver an account statement to you at least quarterly. In this case, we
will deduct our fee directly from your designated custodial Account through the qualified
custodian holding your funds and securities. These Account statements will show all
disbursements from your Account, including the amount of any advisory fees paid directly to us.
You should review all statements for accuracy. Refer to the Brokerage Practices section below

for additional disclosures.

Additional Fee Information

A client should note that similar advisory services may (or may not) be available from other
investment advisers for similar or lower fees. A client may pay more or less fees than similar
clients depending on various factors, including, among others, amount of assets under
management, additional or differing levels of servicing or as otherwise agreed with specific
clients. Clients that negotiate fees, may end up paying a higher fee than that set forth above as a
result of fluctuations in the Client’s assets under management and Account performance.

Adviser’s fees are exclusive of brokerage commissions, transaction fees, and other related costs
and expenses which shall be incurred directly by the client. Clients incur certain charges imposed
by custodians, brokers, and other third parties such as fees charged by fund managers, custodial
fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and electronic
funds fees, and other fees and taxes on brokerage account and securities transactions. Mutual
funds and ETFs also charge internal management fees and in certain cases, may charge
administrative, servicing and/or other fees, including performance fees which are disclosed in a
fund’s prospectus. Any fees paid to such companies or their affiliates are separate and in addition
to our advisory fees. You should be aware that you will be paying a higher fee on these assets.
To fully understand the total cost you will incur, you should review all the fees charged by
Adviser, mutual funds, ETFs, and others.

Termination of the Agreement

The client or Adviser may terminate an Agreement by written notice to the other party with a (30)
thirty- d a y advance notice or as agreed upon otherwise between the client and Adviser. You
are responsible for payment of services rendered until such time. You will incur a prorated charge
for services rendered prior to termination of the Agreement, which means you will incur advisory
fees only in proportion to the number of days in the quarter for which you are a client.

Compensation for the Sale of Insurance Products

Certain Executive officers and other Associated Persons of our firm are licensed as independent
insurance agents. These persons will earn fees or commission-based compensation for selling
insurance products, including insurance products they sell to our clients. Insurance fees or
commissions earned by these persons are separate from and in addition to our advisory fees. The
sale of insurance instruments and other commissionable products offered by Associated Persons are
intended to complement our advisory services. However, this practice presents a conflict of interest
because persons providing investment advice on behalf of our firm who are insurance agents have
an incentive to recommend insurance products to you for the purpose of generating fees or
commissions rather than solely based on your needs. We address this conflict of interest by
recommending insurance products only where we, in good faith, believe that it is appropriate for the
client’s particular needs and circumstances and only after a full presentation of the recommended
insurance product to our client. Clients to whom the firm offers advisory services are informed that
they are under no obligation to purchase insurance services. Clients who do choose to purchase

insurance services are under no obligation to use our licensed Associated Persons and may use the
insurance brokerage firm and agent of their choice.

Item 7 - Types of Clients

Fortis provides discretionary investment management services and financial advice to US and
foreign individuals, high net worth individuals, family offices, corporations and insurance
companies. The minimum dollar value for establishing an Account is generally $1,000,000.
Initial investments of a lesser amount may be accepted at Adviser’s discretion.