Global Assets Advisory LLC

Item 5 – Fees and Compensation
The following paragraphs detail the fee structure and compensation methodology for services provided by
GAA. Each Client shall sign one or more agreements that detail the responsibilities of GAA and the Client.

A.   Fees for Advisory Services

Investment Advisory Services

Asset based investment advisory fees are paid in advance or arrears, on a monthly or quarterly basis.
Whether the fees are paid in advance or arrears depends on the agreement between the Client and GAA
and subject to the limitations of the custodian of the Client’s account and/or the terms of the investment
advisory agreement. Asset based investment advisory fees are charged at an annual rate up to 3.00%
depending on several factors, including the overall size of the relationship, the inclusion/exclusion of
transaction fees and/or the complexity of the services to be provided. Fees are typically based on the market
value of assets under management at the end of the prior month or quarter but may at times be offered as
a fixed quarterly fee. The fee is negotiated between the Client and the IAR. GAA does not maintain a static
fee schedule – meaning that all advisory fees are customized to the individual needs of the Client and the
advisor. Some IARs may adhere to a static fee schedule for their own Clients within GAA’s stated asset
based advisory fee range.

The asset-based investment advisory fee in the first month or quarter of service is prorated from the
inception date of the Client’s account(s) to the end of the first month or quarter. The Client’s fees will take
into consideration the aggregate assets under management with the IAR. All securities held in accounts
managed by GAA will be independently valued by the Custodian (as discussed in Item 12). GAA will not
have the authority or responsibility to value portfolio securities.

Clients may make additions to and withdrawals from their accounts at any time, subject to GAA’s right to
terminate an account. Additions may be in cash or securities provided that GAA reserves the right to
liquidate any transferred securities or decline to accept particular securities into a Client’s accounts. Clients
may withdraw account assets on notice to GAA, subject to the usual and customary securities settlement
procedures. However, GAA designs its portfolios as long-term investments and the withdrawal of assets
may impair the achievement of a Client’s investment objectives. GAA and/or the IAR may consult with
Clients about the options and ramifications of transferring securities. However, Clients are advised that
when transferred securities are liquidated, they are subject to transaction fees, fees assessed at the mutual
fund level (i.e. contingent deferred sales charge) and/or tax ramifications.

In addition to the advisory fee charged to the Client, the Client and/or the IAR will pay a transaction fee for
each trade done in your account including no transaction fee mutual funds (“NTFs”). This presents a conflict
of interest as your IAR may be incentivized to reduce his overall costs by not trading in your account. GAA
mitigates this conflict by monitoring for low trade activity in advisory accounts. For Clients that utilize IAA
as a broker-dealer, IAA receives a portion of the transaction cost assessed to each IAR which creates an
incentive for GAA to encourage your IAR to trade frequently. In addition, GAA charges a program fee to
your IAR which is an additional source of revenue for IAA. As such, GAA has an incentive to recommend
that you open accounts within this program.

GAA’s fees are exclusive of brokerage commissions, transaction fees, markups, markdowns, and other
related costs and expenses which shall be incurred by the Client. Clients will incur certain charges imposed
by custodians, brokers, and other third parties such as fees charged by managers, custodial fees, deferred
sales charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and other fees
and taxes on brokerage accounts and securities transactions. Mutual funds and exchange traded funds
also charge internal management fees, which are disclosed in a fund’s prospectus. Such charges, fees and
commissions are exclusive of and in addition to GAA’s fees. GAA does not receive any part of these fees.

                                            Global Assets Advisory, LLC
                                 111 North Orange Ave, Suite 1000, Orlando, FL 32801
                                            Phone: (407) 254-1500 * Fax: (407) 254-1505
                                                http://www.iaac.com

Third Party Asset Manager Services

For Client accounts implemented through a TPAM, the Client’s overall fees will often include GAA’s asset-
based investment advisory fee (as noted above) plus advisory fees and/or platform fees charged by the
TPAM, as applicable. The TPAM assumes responsibility for calculating the Client’s fees and deducts all fees
from the Client’s account(s). In such instances, GAA will not charge its fee separately on those assets. The
TPAM will deduct its advisory fees and/or platform fees and GAA’s asset-based investment advisory fee on
an arrears or advancebasis, depending on the billing practices of the TPAM.

There are other fees and charges imposed by third parties that apply to investments in accounts managed
by a TPAM. Some of these fees and charges are described below and should be outlined in the TPAM’s
Disclosure Brochure. The Client will be charged commissions, markups, markdowns, or transaction charges
by the broker-dealer who executes transactions in the account. There also are custodial related fees
imposed by the custodian of assets for the program account. These additional fees and charges will be set
out in the TPAM’s Disclosure Brochure and the agreements executed by the Client at the time the TPAM
account is opened.
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Item 7 – Types of Clients
GAA offers investment advisory services to individuals, high net worth individuals, families, trusts, estates,
businesses and retirement plans. Further information concerning each type of Client is available on GAA’s
Form ADV Part 1A. GAA’s minimum account size is $50,000. However, the minimum may be waived at
GAA’s discretion.