Innovation Partners LLC

Item 5 – Fees and Compensation
Fees for Advisory Services

Innovation Partners LLC. advisory fees vary depending on the type of advisory program. The following are the three types of
advisory programs and the fees associated with each program.

Fees for Consulting Services/Financial Planning

Clients may enter into a consulting agreement with IPLLC and our representatives on a negotiated hourly, flat, recurring or fixed
fee rate. If fees are charged on an hourly basis, they may not exceed $500 per hour. These services will typically be completed
inside of a six month period. Services that are administered on a recurring basis will continue based on the agreed timeline and
contract with the client. Clients receiving consulting services are required to pay fees at the time of service or upon billing.
Consulting fees should be paid directly by the client and by check and should be made payable to IPLLC. At no time, should a
client make a check payable to their representative or the representative's "doing business as" name.

The Firm and the representatives of IPLLC may provide consulting services on a one-time or continuing basis to qualified retirement
plans. In addition to the hourly, flat, recurring or fixed-fee rate, representatives may charge a consulting fee as a percentage of assets

                                   Innovation Partners LLC: Form ADV, Part 2A

under management. The maximum annual account consulting fee, when charged as a percentage of assets under management, is
3% and is negotiable.

The Assets Under Management Fee Schedule is as follows:

Amount                                    Annual Fee

Less than $10,000                         1.25% to 3 %
$25,000 to $100,000                       1.00% to 2.75
$100,000 to $250,000                      0.75% to 2.50%
Greater than $250,000                     0.50% to 2.00 %

At our discretion and in negotiation with any particular client, we may charge a fee that may be lower than indicated in the above
schedule.

Clients may incur brokerage and other transaction costs. Clients can review Item 12 of the brochure regarding brokerage services.

The client may cancel the agreement by providing written notice and receive a full refund within five (5) business days after
signing the agreement. If the client terminates the agreement prior to completion of the plan, the client may receive a pro-rated
refund. If the client is unsatisfied with a written financial plan, he/she may request in writing a full refund of his/her fee within 90
days of the plan's presentation.

Fees paid in advance but not earned by the Advisor or any affiliate and require refund, on a prorated basis upon termination

will be calculated in accordance with the terms of the client’s agreement Example:

If the client was charged $900.00 in fees for the quarter and IPLLC was only engaged for 30 days in the quarter. Assuming
the fourth quarter has 92 days the client would be entitled to a refund of 62/90 x 900 or $620.00

The consulting and financial planning services include the following items which are not covered under our assets under
management services:

Actuarial Analysis
Stochastic Analysis
Risk Analysis
Charitable Lead Annuity Tax Planning
Structured Tax Planning
Income and Withdrawal Planning
Benefit and Compensation Planning
Life, Health, and Disability Analysis
Long Term Care Insurance Analysis
Supplemental Executive Retirement Planning
Estate and Gift Tax Planning
Charitable Planning
Business Succession Planning

These are the key differences between our consulting/financial planning services and our assets under management services.
Accordingly, there are different fee structures. Please see the TPIA and Custodian Fees under the respective headings in this
document.

Fees

Hourly fees – up to a maximum of $500.00 per hour
Fixed Fee/Flat Fees - $500.00 - $20,000.00 per plan

                                  Innovation Partners LLC: Form ADV, Part 2A

Note: Lower fees for comparable services may be available from other sources.
Financial planning and consulting services are paid at time of service or upon billing.

Financial planning advice combined with investment advisory services for plans including Charitable Lead Annuity Trusts could
be charged a fee of $20,000.00.

Fees for Third-Party Investment Advisor Programs

IPLLC and our representatives are compensated for referring clients to the TPIA programs. This compensation generally takes the
form of the TPIA sharing a percentage of the advisory fee the client pays to them with IPLLC and his/her representative.

Fees are calculated and collected by the selected TPIA which shall then be responsible for delivering our portion of the client fee
to IPLLC.

A complete explanation of the TPIA fees, services, reporting, and minimums are disclosed with the TPIA's disclosure
documents. At the time of referral and prior to a client entering into an agreement with a TPIA, our representatives arrange for
the ADV Part 2A and other material relative to the advisory services to be provided to the client. The TPIA Fees may or may not
be negotiable. Terminations are dictated by the TPIA and can be found in the TPIA documents.

Additional charges that clients may incur include, but are not limited to: sales loads, 12b-1 fees, surrender charges, transactional
fees, and miscellaneous account fees. IPLLC does not receive any portion of such fees or commissions. IPLLC is compensated by
the advisory fees as noted above. IPLLC does not charge management fees under the TPIA program in addition to the fees charged
by the TPIA. This compensation generally takes the form of the TPIA sharing a percentage of the advisory fee the client pays to
them with IPLLC and his/her representative.

Below is a sample of the TPIA fee schedule:

PORTFOLIO VALUE                        FEE                    SPLIT

▪ $0.00 to $499,999                
     2.20% annually         (TPIA 95bps/Rep 125bps)
...

Item 7 – Types of Clients
IPLLC generally provides advisory services to the following types of clients:
         Individuals (other than high net worth individuals)

         High net worth individuals

         Pension and profit sharing plans (other than plan participants)

         Corporations or other businesses not listed above

         Charitable organizations
         State or municipal government entities
The majority of our clients are retail clients that fall under the "individuals (other than high net worth individuals)" category. This
category includes, but is not limited to: individual, joint, trust, IRA, 401(k) participant, and custodial accounts.
As previously disclosed in Item 5, our firm has established certain initial minimum account requirements based on the nature of
the service(s) being provided. In some cases, account balances may be combined at the household level to satisfy the account
minimums. At our discretion, IPLLC may waive these minimums.

         $25,000 account minimums.               Account minimums for third-party investment advisor programs generally range
          from $25,000 to $50,000.