Integrated Wealth Concepts LLC

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

     A. Fees for Advisory Services

     Investment Advisory Services

     Asset based investment advisory fees are paid in advance or arrears, typically on a quarterly basis. Whether the
     fees are paid in advance or arrears depends on the agreement between the client and the advisor, subject to the
     Custodian’s limitations and/or the terms of the investment advisory agreement. Asset based investment advisory fees
     are charged at an annual rate ranging from negotiable up to 2.25% depending on several factors, including the overall
     the 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 fair market value of portfolio assets under management in the Account[s]
     through the calculation period (average daily balance) or upon the end of the calculation period (end of period
     balance), but may at times be offered as a fixed quarterly fee.

     The fee is negotiated between the client and the advisor. Integrated 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 of
     Integrated’s advisors may adhere to a static fee schedule for their own clients within the Company’s stated asset
     based advisory fee range. The asset-based investment advisory fee in the first quarter of service is prorated from
     the inception date of the Client’s account[s] to the end of the first quarter. The Client’s fees will take into consideration
     the aggregate assets under management with the Advisor. All securities held in accounts managed by Integrated will
     be independently valued by the Custodian (as discussed in Item 12). Integrated will not have the authority or
     responsibility to value portfolio securities.

     Fee Differentials

     As discussed above, Integrated’s advisors may price the advisory services they provide based upon various objective
     and subjective factors. As a result, clients could pay diverse fees based upon the type, amount and market value of
     their assets, the anticipated complexity of the engagement, the anticipated level and scope of the overall investment
     advisory and consulting services to be rendered. Additional factors effecting pricing can include related accounts,
     employee accounts, competition, and negotiations.

     As a result of these objective and subjective factors, similarly situated clients could pay diverse fees, and the services
     to be provided by Integrated to any particular client could be available from other advisers at lower fees. All clients
     and prospective clients should be guided accordingly.

     Clients may make additions to and withdrawals from their accounts at any time, subject to Integrated’s right to
     terminate an account. Additions may be in cash or securities provided that Integrated 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 Integrated, subject to the usual and customary securities settlement procedures.
     However, Integrated designs its portfolios as long-term investments and the withdrawal of assets may impair the
     achievement of a Client’s investment objectives. Integrated may consult with its 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.

     Unless engaged on a wrap fee basis, Integrated’s fees are exclusive of brokerage commissions and transaction
     fees. Whether engaged on a wrap fee or non-wrap fee basis, Integrated’s fees are exclusive of 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 Integrated’s fees. Integrated does not receive any part of these
     fees.
                                                             Integrated Partners
                                               200 5th Avenue, 4th Floor, Waltham, MA 02451
                                               Phone: (781) 890-3045 * Fax: (781) 890-5624
                                                      http://www.integrated-partners.com

     Third Party Asset Manager Services

     For Client accounts implemented through a TPAM, the Client’s overall fees will often include Integrated’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
     accounts. In such instances, Integrated will not charge its fee separately on those assets. The TPAM will deduct its
     advisory fees and/or platform fees and Integrated’s asset-based investment advisory fee on an arrears or advance
     basis, depending on the billing practices of the TPAM.
...

Item 7 – Types of Clients
     Integrated offers investment advisory services to individuals, high net worth individuals, families, trusts, estates,
     businesses and retirement plans. The amount of each type of Client is available on the Advisor's Form ADV Part
     1A. These amounts may change over time and are updated at least annually by the Advisor. Integrated generally
     does not impose a minimum size for establishing a relationship. However, smaller accounts may be subject to
     different investment selection and strategies. Further, TPAM[s] typically impose minimums on their investment
     strategies.