Horizon Advisors LLC

ITEM 5: FEES AND COMPENSATION

    Financial Planning Service

    The standard fee for completion of a planning engagement, $5,000, is charged when the
    plan is complete or may be waived if the client opts to engage Horizon for its ongoing
    wealth management services.

                                                        Part 2A of Form ADV: Firm Brochure
                                                                     Horizon Wealth Advisors
                                                                                March 2026

Investment Advisory Service

Fees for Horizon’s investment advisory service are calculated either as a percentage of
the assets under management (using the custodian’s valuation of the assets at prior
quarter-end), or as an agreed-upon fixed fee amount. Unless agreed otherwise, Horizon
deducts its fee directly from the client’s custodial account each quarter, in advance. If
the inception of an investment agreement occurs during a quarter, all of the applicable
fees will be prorated for the remaining days in the current quarter and will be charged at
the inception of Horizon’s portfolio management. This initial fee is based upon the value
of the account according to our portfolio management software on the day the account is
implemented.

Annual asset-based fees for Horizon’s investment advisory service are based upon the
total assets under management according to the following schedule:

       1.25% of the first $500,000 of assets under management
       1.00% of the next $500,000
       0.75% of the next $2,000,000
       0.50% of assets over $3,000,000
       0.35% of assets over $5,000,000

This fee is cumulative and in very limited circumstances is negotiable. Horizon calculates
the management fee on the market value of the account, including cash balances, as
determined by our portfolio management software at the end of the last trading day of
the previous calendar quarter. Horizon charges the investment management fee each
quarter at one-fourth of the above annual rate. Clients can direct Horizon as to whether,
and which, accounts should be aggregated as a “household” to attain the lowest overall
fee rate; and whether, and which, account should be charged the management fee for
another account. Each Client Agreement specifies a client’s individual payment terms.
The preferred minimum annual fee is $11,250 and is negotiable. At no time is a client
required to pay $1,200 or more six months or more in advance.

Horizon does not purchase securities on margin as a practice. There are times when a
client will choose to use margin as a form of inexpensive alternative borrowing for
various non-investment purposes. Also, an account may enter margin if the account
“overdrafts” as a result of a cash distribution. Horizon charges on the investment values
in client accounts the Firm actively manages and does not adjust the investment values
for margin balances.

Because Horizon has a long history of serving its clients and prides itself on meeting
clients’ needs individually, earlier clients have different fee schedules or different fee
structures. Some earlier clients are not on a “tiered” schedule, and pay the same
percentage on all assets, regardless of the size of their account. Some earlier fee
schedules had different breakpoints for tiers. Some clients hold assets not included in
the fee calculation. Some clients pay a flat fee. This means some clients pay more than
other clients with the same amount or same type of assets under our management.
Horizon does not differentiate the service provided to clients based on their fee structure
or amount.

                                                        Part 2A of Form ADV: Firm Brochure
                                                                     Horizon Wealth Advisors
                                                                                March 2026

The account balances Horizon uses to calculate each account’s fees may vary from the
account balance shown on the custodian’s quarter-end statement because pending (or
unsettled) transactions are not included in the custodian’s end of month account
balance. Horizon reports transactions as of their trade date, including pending (or
unsettled) transactions.
Consultations regarding investments not resulting in investment management or
investment advising will be charged at hourly rates ranging from $150 to $350 per hour,
depending upon the experience and expertise of the individual providing the service.
Such charges will be agreed to before the consultation occurs and are charged in
arrears.

Other Fees: Client accounts pay directly for fees assessed by the custodian, such as
transaction, wire, exchange, or custodial fees.

Implementation with Mutual Funds: When Horizon recommends an open-end mutual
fund for a client’s account, three separate fees are typically charged to the client, either
directly or indirectly. The first fee is Horizon’s investment management fee, as the
mutual fund is included in the asset base for the quarterly fee calculation. This fee is
always charged to clients who pay Horizon an investment management fee. The second
is the set of internal fees charged by the investment company for the mutual fund’s
investment management, marketing, administration and marketing assistance. These
internal expenses are disclosed in each fund’s prospectus that is provided to each client
by the custodian and are always charged. (This set of fees also applies to any money
market fund or ETF purchased in the client’s account.) The third fee is a transaction fee
that is assessed by the custodian for its service of providing access to a universe of
mutual fund families through one account. To avoid such fees a client would be required
to open a separate account with each individual mutual fund company instead of using
the custodian recommended by Horizon, which would also negatively affect Horizon’s
...

ITEM 7: TYPES OF CLIENTS

    Horizon’s clients include successful professionals who are accumulating their wealth and
    retirees who are interested in maintaining their current lifestyles and preserving their
    wealth.

    Horizon provides investment advice to the following types of clients:

       •   Individuals
       •   High net worth individuals
       •   Pension and profit sharing plans
       •   Trusts, estates, charitable organizations
       •   Other business entities

    Horizon prefers a client to have at least $1 million in investment assets in order to act as
    investment manager. The preferred minimum annual fee is $11,250.