GLR Investment Advisory LLC

Item 5 Fees and Compensation
Portfolio Management Services
We provide portfolio management services through an online interactive platform. Our fee for portfolio
management services is based on a percentage of the assets in your account and is set forth in the
following annual fee schedule:

                                         Annual Fee Schedule

                     Assets Under Management                   Annual Fee

                         $25,000 to $100,000                      .48%

                        $100,001 to $250,000                      .46%

                        $250,001 to $500,000                      .42%

                       $500,001 to $1,000,000                     .36%

                          Above $1,000,000                        .24%

Our fee for portfolio management services for clients with assets less than $25,000 is $10 per month.

At our discretion, we may combine the account values of family members living in the same household
to determine the applicable advisory fee. For example, we may combine account values for you and
your minor children, joint accounts with your spouse, and other types of related accounts. Combining
account values may increase the asset total, which may result in your paying a reduced advisory fee
based on the available breakpoints in our fee schedule stated above.

Our annual portfolio management fee is billed monthly in arrears based on the average daily balance.
We will deduct our fee directly from your account through the qualified custodian holding your funds
and securities. We will deduct our advisory fee only when you have electronically signed our services
agreement using a checkbox on the web form, giving our firm written authorization permitting the fees
to be paid directly from your account. Further, the qualified custodian will deliver an account statement
to you at least quarterly. These account statements will show all disbursements from your account.

             GLR Investment Advisory LLC, 93 Worth St, Suite 801, New York, NY 10013

You should review all statements for accuracy.

To cover data and technology costs associated with our platform and the data used to develop the
recommendations for you in our platform, we may charge you a fee of $25 per month if the value of the
assets under management in your account falls below $100,000. This fee may be waived at our
discretion.

If the portfolio management agreement is executed at any time other than the first day of a calendar
month, our fees will apply on a pro rata basis, which means that the advisory fee is payable in
proportion to the number of days in the month for which you are a client. Our advisory fee is
negotiable, depending on individual client circumstances.

You may terminate the portfolio management agreement upon 30 days written notice. You will incur a
pro rata charge for services rendered prior to the termination of the portfolio management agreement,
which means you will incur advisory fees only in proportion to the number of days in the month for
which you are a client. If you have pre-paid advisory fees that we have not yet earned, you will receive
a prorated refund of those fees.

Additional Fees and Expenses
As part of our investment advisory services to you, we may invest, or recommend that you invest, in
mutual funds and exchange traded funds. The fees that you pay to our firm for investment advisory
services are separate and distinct from the fees and expenses charged by mutual funds or exchange
traded funds (described in each fund's prospectus) to their shareholders.

These fees will generally include a management fee and other fund expenses. You will also incur
transaction charges and/or brokerage fees when purchasing or selling securities. These charges and
fees are typically imposed by the broker-dealer or custodian through whom your account transactions
are executed. We do not share in any portion of the brokerage fees/transaction charges imposed by
the broker-dealer or custodian. To fully understand the total cost you will incur, you should review all
the fees charged by mutual funds, exchange traded funds, our firm, and others. For information on our
brokerage practices, refer to the Brokerage Practices section of this brochure.

Item 7 Types of Clients
We offer investment advisory services to individuals including high net worth individuals and other
investment advisers.

In general, we require a minimum of $25,000 to open and maintain an advisory account. At our
discretion, we may waive this minimum account size and charge a fee of $10 a month for clients with
assets less than $25,000. For example, we may waive the minimum if you appear to have significant

            GLR Investment Advisory LLC, 93 Worth St, Suite 801, New York, NY 10013

potential for increasing your assets under our management.

To cover data and technology costs associated with our platform and the data used to develop the
recommendations for you in our platform, we may charge you a fee of $25 per month if the value of the
assets under management in your account falls below $100,000. This fee may be waived at our
discretion.

We may also combine account values for you and your minor children, joint accounts with your
spouse, and other types of related accounts to meet the stated minimum.

              GLR Investment Advisory LLC, 93 Worth St, Suite 801, New York, NY 10013