Gallagher Fiduciary Advisors LLC

Item 5 – Fees and Compensation
GFA may charge fees to investment clients as a flat fee or based on a percentage of
assets under management or advisement. The specific fees charged by GFA for its
services will be outlined in each client’s Client Agreement.

GFA’s fee schedule is up to 2.00%.

Fees for the initial period of investment services are pro-rated based on the portion of
the quarter remaining and billed in the month following the month in which the account

was established. Fees for subsequent quarters are adjusted for deposits and
withdrawals in excess of $10,000 are made during the prior quarter pro-rata based on
the asset value of the transaction.

Either party may terminate the agreement at any time upon a written notice to the other
party.

Our receipt of an asset-based fee presents a conflict of interest. This is because the
more assets there are in the client’s account, the more the client will pay in fees.
Therefore, we have an incentive to encourage clients to increase the assets in their
accounts. We address this conflict of interest by ensuring any such recommendations
are in the client’s best interest.

In addition to receiving fees for advisory services, GFA and its employees may accept
industry training and education from business partners from time to time to enhance our
consulting knowledge and skills. Any such acceptance of such training and education
will not affect the independent and objective approach of GFA.
OSAIC WEALTH MANAGEMENT PLATFORM – ADVISOR MANAGED PORTFOLIOS
PROGRAM

Osaic offers Advisor Managed Portfolios as an account where no separate transactions
charges apply, and a single fee is paid for all advisory services and transactions ("Wrap
Account").

They also offer Advisor Managed Portfolios with separate advisory fees and transaction
charges (“Non-Wrap Account”). As such, in addition to the quarterly account fee
described below for advisory services, you will also pay separate per-trade transaction
charges.

You will pay a monthly or quarterly account fee, in advance, based upon the market
value of the assets held in your account as of the last business day of the preceding
calendar month or quarter. Your account fees are negotiable and will be debited from
your account by our custodian. If you terminate your participation in this program, you
will be entitled to a pro-rata refund of any prepaid monthly or quarterly fees based upon
the number of days remaining in the month or quarter after the date upon which the
notice of termination is received.

Each of our IARs in consultation with GFA leadership negotiates his or her own account
fee schedule.

Mutual funds and ETFs invested in the account have their own internal fees which are
separate and distinct from the program account fees (for more information on these
fees, see the applicable fund prospectus).

Some Fund fees include 12b-1 fees which are internal distribution fees assessed by the

Fund, all or a portion of which are paid to the distributor(s) of the Funds. The Firm and
your Advisory Representative do not retain 12b-1 fees paid by the Funds.

In certain instances, there is an opportunity to be eligible to purchase certain mutual
funds and ETFs without incurring transaction charges subject to certain conditions.

For details, please refer to Item 4 (No Transaction Fee Programs) of the Osaic Advisor
Managed Portfolios wrap fee brochure.

For complete fee details, including account fee schedule guidelines and a list of
transaction charges, please see the Osaic Advisor Managed Portfolios Wrap Fee
Program Brochure.

OSAIC WEALTH MANAGEMENT PLATFORM – UNIFIED MANAGED ACCOUNT
PROGRAM

We offer UMA as an account where no separate transactions charges apply, and a
single fee is paid for all advisory services and transactions ("Wrap Account").

You will pay a quarterly account fee, in advance, based upon the market value of the
assets held in your account as of the last business day of the preceding calendar
quarter. Your account fees are negotiable and will be debited from your account by our
custodian. If you terminate your participation in this program, you will be entitled to a
pro-rata refund of any prepaid quarterly fees based upon the number of days remaining
in the quarter after the date upon which the notice of termination is received.

Each of our IARs in consultation with GFA leadership negotiates his or her own account
fee schedule. The account fees paid by client include portions paid to your Advisory
Representative (“Advisory Fees”), as well as to the Firm, the custodian, and the third-
party money managers selected (“Program Fees”). Advisory Fees are set independently
regardless of the manager selected. Mutual funds and ETFs invested in the account
also have their own internal fees (“internal fund expenses”) which are separate and
distinct from the program account fees (for more information on these fees, see the
applicable fund prospectus). Since fees billed to your UMA account are comprised of
both Program Fees and Advisory Fees, Advisory Representatives may have an
incentive to select third party money managers with lower Program Fees in order to
manage the overall fee charged to you. You and your Advisory Representative should
consider the overall fees and expenses, including internal fund expenses, when
selecting managers and other portfolio investments.

For complete fee details, including account fee schedule guidelines, please refer to The
Osaic Wealth Management Platform – Unified Managed Account Wrap Fee Program
Brochure, as applicable.

Clients in Non-Wrap Accounts on Osaic’s WMP platform will incur transaction charges

per trade in addition to the quarterly account fee. Transaction charges are generally
included in the quarterly account fee for clients in Wrap Accounts on Osaic’s WMP
platform. All accounts on Osaic’s WMP platform, including Wrap Accounts, may incur
other ancillary charges which are not included in the quarterly account fee including IRA
...

Item 7 – Types of Clients
GFA provides investment services to individuals. GFA also provides retirement,
investment advisory/consulting and decision-making services to institutional investors,
which include public and private sector employee benefit plans (including multiemployer
plans), charitable institutions, foundations, endowments, labor organizations, state or
municipal government entities, hospitals, non-profit organizations, private trusts, and
corporations or business entities.