Guerra Pan Advisors LLC

Item 5 – Fees and Compensation
The following paragraphs detail the fee structure and compensation methodology for services provided by the
Advisor. Each Client engaging the Advisor for services described herein shall be required to enter into a written
agreement with the Advisor.

A. Fees for Advisory Services
Wealth management fees are paid monthly, following the end arrears of each month pursuant to the terms of the
wealth management agreement. Wealth management fees are based on the market value of assets under
management at the end of the month. Wealth management fees range from 0.50% to 1.25% annually based on
several factors, including: the scope and complexity of the services to be provided; the level of assets to be
managed; and the overall relationship with the Advisor. Relationships with multiple objectives, specific reporting
requirements, portfolio restrictions and other complexities may be charged a higher fee.

The wealth management fee in the first month of service is prorated from the inception date of the account[s] to the
end of the first month. Fees may be negotiable at the sole discretion of the Advisor. The Client’s fees will take into
consideration the aggregate assets under management with the Advisor. All securities held in accounts managed
by Guerra Pan will be independently valued by the Custodian. Guerra Pan will conduct periodic reviews of the
Custodian’s valuations to ensure accurate billing.

The Advisor’s fee is exclusive of, and in addition to any applicable securities transaction and custody fees, and
other related costs and expenses described in Item 5.C below, which may be incurred by the Client. However, the
Advisor shall not receive any portion of these commissions, fees, and costs.

B. Fee Billing
Wealth management fees are calculated by the Advisor or its delegate and deducted from the Client’s account[s] at
the Custodian. The Advisor shall send an invoice to the Custodian indicating the amount of the fees to be deducted
from the Client’s account[s] at the end of each month. The amount due is calculated by applying the monthly rate
(annual rate divided by 12) to the total assets under management with Guerra Pan at the end of month. Clients will
be provided with a statement, at least quarterly, from the Custodian reflecting deduction of the wealth management
fee. Clients are urged to also review and compare the statement provided by the Advisor to the brokerage
statement from the Custodian, as the Custodian does not perform a verification of fees. Clients provide written
authorization permitting advisory fees to be deducted by Guerra Pan to be paid directly from their account[s] held
by the Custodian as part of the wealth management agreement and separate account forms provided by the
Custodian.

C. Other Fees and Expenses
Clients may incur certain fees or charges imposed by third parties, other than Guerra Pan, in connection with
investments made on behalf of the Client’s account[s]. The Client is responsible for all custody and securities
execution fees charged by the Custodian, as applicable. The Advisor's recommended Custodian does not charge
securities transaction fees for ETF and equity trades in a Client's account, provided that the account meets the
terms and conditions of the Custodian's brokerage requirements. However, the Custodian typically charges for
mutual funds and other types of investments. The fees charged by Guerra Pan are separate and distinct from these
custody and execution fees.

In addition, all fees paid to Guerra Pan for investment advisory services are separate and distinct from the
expenses charged by mutual funds and ETFs to their shareholders, if applicable. These fees and expenses are
described in each fund’s prospectus. These fees and expenses will generally be used to pay management fees for
the funds, other fund expenses, account administration (e.g., custody, brokerage and account reporting), and a

                                                 Guerra Pan Advisors, LLC
                                        68 Montclair Avenue, Montclair, NJ 07042
                                    Phone: (917) 599-9596 | https://guerrapanadvisors.com

possible distribution fee. A Client may be able to invest in these products directly, without the services of Guerra
Pan, but would not receive the services provided by Guerra Pan which are designed, among other things, to assist
the Client in determining which products or services are most appropriate for each Client’s financial situation and
objectives. Accordingly, the Client should review both the fees charged by the fund[s] and the fees charged by
Guerra Pan to fully understand the total fees to be paid. Please refer to Item 12 – Brokerage Practices for additional
information.

D. Advance Payment of Fees and Termination
Guerra Pan may be compensated for its investment management services at the end of the month after services
are rendered. Either party may terminate the wealth management agreement, at any time, by providing advance
written notice to the other party. The Client may also terminate the wealth management agreement within five (5)
business days of signing the Advisor’s agreement at no cost to the Client. After the five-day period, the Client will
incur charges for bona fide advisory services rendered to the point of termination and such fees will be due and
payable by the Client. The Client’s wealth management agreement with the Advisor is non-transferable without the
Client’s prior consent.

E. Compensation for Sales of Securities
Guerra Pan does not buy or sell securities to earn commissions and does not receive any compensation for
securities transactions in any Client account, other than the Wealth management fees noted above.

Item 7 – Types of Clients
Guerra Pan offers investment advisory services to individuals, high net worth individuals, trusts, and estates.
Guerra Pan generally does not impose a minimum relationship size.