Fortitude Advisory Group LLC

ITEM 5 - FEES AND COMPENSATION
This section is intended to assist clients in understanding the costs associated with Fortitude’s services.
Clients and prospective clients should read this section carefully and also refer to the client management
agreement for a full description of the amounts, terms, and calculations of management fees, as well as,
information concerning ticket charges, refunds and contract termination. The fees and costs may be more
or less than if a client purchased a portfolio of similar investments through a brokerage arrangement or
similar services through another investment adviser. It is important that clients evaluate the services
received in light of the fees and costs. Fortitude reserves the right to negotiate fees, which may take into
consideration elements like size of account and the complexity of services. Clients are urged to ask their
respective Financial Advisor about the advisory program(s) considered and what other costs you may incur.
Clients should be aware that there are additional fees assessed by the client’s custodian or by the
individual investments within a client’s account, e.g., mutual fund or ETF expenses and fees. Custodians
charge their own transaction and administration fees. Clients should refer to the client management
agreement with Fortitude, as well as the custodial agreement(s) when you open an account to understand
what fees the client may be subject to.
Investment Management Services
Substantially all clients are charged a total portfolio management fee, which is based on each such client’s
assets under management (referred to as an “asset-based fee”). The total portfolio management fee
applicable to a client is determined by combining a Financial Advisor’s fee (i.e., Fortitude’s fee) with fees
charged by Third-Party Money Managers (if a client determines to use a Third Party Money Manager). In
certain cases when a client’s investment strategies are managed in house (by Sound Wealth Partners)
pursuant to specific strategies, clients are charged additional fees as set forth in their respective client
management agreements (e.g., SWP Large Cap Overlay and SWP Equity ETF, for which an additional 0.2%
and 0.1%, respectively, are charged per annum).
For asset-based fees, Fortitude has a maximum total portfolio management fee of 2.2% per year (this does
not include the few clients of DBA Aperture Advisors that have agreed to performance fees). The specific
fee you pay for advisory services offered by us is stipulated in your client management agreement. All
Fortitude Advisory Group L.L.C.                                                                     Page 8
L.L.C.L.L.C.Brochure

fees are negotiable.
The client management agreement with Fortitude authorizes Fortitude to deduct the investment
management fees directly from the client’s account. Management fees are normally charged in advance.
Billing periods are normally quarterly. Typically, Fortitude calculates advisory fees on a daily basis using
the number of days in a quarter. Advisory fees will be assessed in advance of services being rendered,
Advisory fees will be based on the value of the client assets under management either (i) on or about the
day the client management agreement is signed and the account is funded or (ii) the last day of the prior
quarter. For deposits or withdrawals during the quarter, including the initial deposit or final withdrawal,
the fee will be prorated over the billing period to account for the days services are to be, or were, rendered,
and any unearned fees collected in advance will be credited back (e.g., when a client terminates the
relationship or dies). However, Fortitude may not pro-rate deposits or withdrawals that are de minimis.

In certain cases, Fortitude will charge a tiered fee structure. In a tiered fee structure, a client would pay a
certain fee percentage up to a certain level of assets under management, and then would pay a lower fee
percentage on assets over that level.

The DBA Aperture Advisors has two clients that have entered into performance fee arrangements.

Reporting and Administrative Fees
Fortitude may charge clients annual reporting and administrative fees. These fees may be up to 0.10% per
annum. These fees are used to offset administrative costs associated with reporting to clients.
Technology Fee
Fortitude may charge clients technology fees. These fees may be up to 0.15% per annum. These fees are
used to offset the technology and services associated with clients’ accounts.
Financial Planning Fees
Financial planning fees may be charged as a flat dollar amount, an amount based on a percentage of the
assets under “advisement” or based on an hourly fee. Financial planning fees are based on the complexity
of the case and the amount of work involved in delivery of the advice. Financial planning fees can vary
widely from client to client and there is no maximum fee limit. It is up to you and your Financial Advisor
to agree on the amount and complexity of the planning involved and the fee for providing such services.
Financial planning fees are stipulated in a financial planning agreement, which may either be a separate
agreement from a client management agreement or may be combined into one agreement.
Potential Conflicts of Interest
Industry Affiliations
The first affiliation is with Leigh Baldwin, an introducing broker dealer with which one AFM Financial
Advisor is registered. Historically, both AFM Financial Advisors were registered with Leigh Baldwin and
therefore all its clients were required to use National Financial Services (“NFS,” Fidelity’s affiliated broker)
as custodian as NFS is Leigh Baldwin’s clearing broker. securities transactions. .
The second affiliation is with P3 Asset Management, LLC (“P3AM”), which is a “related adviser” of
Fortitude. As a related adviser, P3AM is under common control with Fortitude. Fortitude’s IARs that are
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ITEM 7 - TYPES OF CLIENTS
Fortitude generally provides investment advisory services to individuals and their retirement trusts (IRAs)
and pension and profit-sharing plans (but not plan participants). To a lesser extent, it also provides
investment advisory services to charitable organizations, and corporations or other business entities.
Fortitude has an account program minimum of $25,000, however, this minimum requirement is at our
sole discretion as there may be extenuating circumstances that may make it reasonable to accept an
account with a lesser value. Each Third-Party Money Manager may have its own account program
minimum.

ITEM 8 - METHOD OF ANALYSIS, INVESTMENT STRATEGIES AND RISK OF LOSS