Investment Research & Advisory Group Inc

Fees and Compensation

    Description

            IRA Group’s Institutional Advisory Services are primarily offered on a fixed fee basis, with some
            relationships assessed fees as a percentage of total assets, by Retainer Agreement only. The
            minimum annual fee for a Retainer Agreement is $15,000. Some Retainer Agreements may be
            priced based on the complexity of work, especially when investment advisory services are not the
            most significant part of the relationship.
           Fees are negotiable.

    Fee Billing

           Institutional Advisory Services fees are billed quarterly, in arrears based on the account value at
           the end of the quarter, unless the retirement plan custodian calculates account value differently
           such as average account value through the quarter. We invoice you after the three-month billing
           period has ended. Payment in the form of a check in full or via ACH is expected upon invoice
           presentation. If termination is initiated by either party prior to the completion of one year of
           service, IRA Group reserves the right to bill the client for the full year’s fee. Clients will
           determine whether our fee is paid from corporate assets or paid from their retirement plan.

    Account Minimums

            There is no minimum account size for Institutional Advisory Services engagements. However, the
            minimum annual fee is $15,000. Depending upon circumstances, IRA Group will sign an Hourly
            or Project-based Agreement with the Institutional Advisory Services client.

           IRA Group has the discretion to waive the minimum account fee for Institutional Advisory
           Services clients.

    Past Due Accounts and Termination of Agreement

            IRA Group reserves the right to stop work on any account that is more than 90 days overdue. In
            addition, IRA Group reserves the right to terminate any Institutional Advisory Services
            engagement where a client has willfully concealed or has refused to provide pertinent information
            about financial situations when necessary and appropriate, in IRA Group’s judgment, to providing

            proper advice.

     No Other Compensation

            Neither the firm nor any of its principals or employees receives any compensation relating to
            investments in securities or other investment products by Institutional Advisory Services clients
            or their plan participants.

            Our employees may earn an additional bonus when a new client is acquired by the Firm.

Types of Clients

           The Institutional Advisory Services are provided to the fiduciaries and sponsors of corporate and
           other institutional retirement plans.

    Assets Under Management and Assets Under Advisement

            As of December 31, 2025, IRA Group managed approximately $1.06 billion of net assets on a
            discretionary basis for Private and Institutional clients. IRA Group manages $7.9 million on a
            non-discretionary basis for its Private Client Services clients. As of the same date, the non-
            discretionary Institutional Advisory Services clients advised by the firm had approximately $14.3
            billion in assets.

Fees and Compensation

    Description

            IRA Group’s Institutional Advisory Services are primarily offered on a fixed fee basis, with some
            relationships assessed fees as a percentage of total assets, by Retainer Agreement only. The
            minimum annual fee for a Retainer Agreement is $15,000. Some Retainer Agreements may be
            priced based on the complexity of work, especially when investment advisory services are not the
            most significant part of the relationship.
           Fees are negotiable.

    Fee Billing

           Institutional Advisory Services fees are billed quarterly, in arrears based on the account value at
           the end of the quarter, unless the retirement plan custodian calculates account value differently
           such as average account value through the quarter. We invoice you after the three-month billing
           period has ended. Payment in the form of a check in full or via ACH is expected upon invoice
           presentation. If termination is initiated by either party prior to the completion of one year of
           service, IRA Group reserves the right to bill the client for the full year’s fee. Clients will
           determine whether our fee is paid from corporate assets or paid from their retirement plan.

    Account Minimums

            There is no minimum account size for Institutional Advisory Services engagements. However, the
            minimum annual fee is $15,000. Depending upon circumstances, IRA Group will sign an Hourly
            or Project-based Agreement with the Institutional Advisory Services client.

           IRA Group has the discretion to waive the minimum account fee for Institutional Advisory
           Services clients.

    Past Due Accounts and Termination of Agreement

            IRA Group reserves the right to stop work on any account that is more than 90 days overdue. In
            addition, IRA Group reserves the right to terminate any Institutional Advisory Services
            engagement where a client has willfully concealed or has refused to provide pertinent information
            about financial situations when necessary and appropriate, in IRA Group’s judgment, to providing

            proper advice.

     No Other Compensation

            Neither the firm nor any of its principals or employees receives any compensation relating to
            investments in securities or other investment products by Institutional Advisory Services clients
            or their plan participants.

            Our employees may earn an additional bonus when a new client is acquired by the Firm.

Performance-Based Fees

     Sharing of Capital Gains

            IRA Group does not accept or assess any performance-based fees.

Methods of Analysis, Investment Strategies and Risk of Loss