Jim Saulnier & Associates LLC

Item 5 Fees and Compensation
Please note the fees discussed in Item 5 represent a material change from the fees that were charged to
JS&A clients prior to March 27. 2025. Beginning in the second quarter of 2025, new clients will be
charged a new fixed fee schedule, replacing the old fee structure that was based on a percentage of a
client’s assets under management.

Description of Fees and Fee Schedule:
For the purposes of JS&A’s Investment Management Fee, whether for the Firm’s Investment Model or
Investment Positioning service, the term "client" refers to a household, rather than an individual. A
household includes spouses or partners managing assets together under JS&A’s services. Single
individuals are considered their own household. The fixed investment management fee is assessed per
household, meaning that spouses or partners are not charged separate fees.

JS&A does not charge an asset-based fee, commonly referred to as an Assets Under Management
(AUM) fee, for either of its investment management services. Instead, the firm charges a transparent
fixed fee denominated in dollars, providing clients with cost predictability and fairness. This structure
ensures that fees remain independent of portfolio size (subject to a minimum account limit) and are not

Jim Saulnier & Associates, LLC

affected by market fluctuations, including upside or downside volatility or asset transfers into, or out
of, managed accounts.

JS&A’s fixed fee model is designed to help reduce certain conflicts of interest, particularly those
related to compensation tied to the value and size of a client’s managed account(s) where fees fluctuate
as portfolio values rise or fall. JS&A’s fixed-fee structure is intended to remain stable, offering
predictable costs regardless of market performance, portfolio size, or asset transfers. While all fee
structures present inherent conflicts of interest, JS&A’s fixed-fee model attempts to limit the incentive
to retain assets under management and to support impartial advice regarding asset transfers.

JS&A’s fixed-fee model may be preferable for those who value cost consistency over time, but it may
not be suitable for clients who prefer a fee structure that fluctuates higher or lower with managed
account portfolio values. Furthermore, due to its fixed fee structure, JS&A does not offer certain
investment management services that may be provided by firms with fluctuating fee schedules.
Consequently, clients seeking highly customized investment solutions, frequent tactical trading, or
direct management of alternative investments, to name a few services not offered, may find that
JS&A’s investment management services are too limited and as such not a suitable fit for their needs.

JS&A’s fees are designed to align with the investment management service selected—either
Investment Model or Investment Positioning—and the level of work and oversight required for each.
As such, JS&A periodically reviews fees, and adjustments may occur due to inflationary pressures,
business expenses, increased portfolio complexity, or additional requested services. Any fee increase
will be fully disclosed to clients at least thirty (30) days before the increase is implemented.

While JS&A’s fee structure is designed to be fully transparent, lower fees for comparable services may
be available from other providers. Additionally, if a client’s total managed assets decline to a level
where the flat fee a client is paying would exceed 1.35% of assets under management, JS&A will
either negotiate a lower fee or assist the client in transferring their managed accounts from JS&A’s
management to a provider of their choice.

Investment Model Fee
JS&A offers its Investment Model service for individuals seeking a passively managed investment
approach designed to track risk-adjusted benchmarks. This service is available to anyone and does not
require a client to first purchase, and complete, a retirement analysis with JS&A. However, it is
specifically designed for individuals in the accumulation phase of retirement planning who are actively
saving and building their investment portfolios. It may not be ideal for someone in the distribution
phase of retirement planning.
JS&A’s Investment Model fee is a fixed annual fee comprised of two distinct components: the
Investment Model Management Fee and the Investment Model Platform Fee. The breakdown of
these fees is as follows:

Jim Saulnier & Associates, LLC

 Fee Component             Description                                       Annual Fee

 Investment Model          Covers portfolio design, administration, due      $4,700
 Management Fee            diligence, rebalancing, servicing and one
                           annual client-facing review.

 Investment Model          Covers performance reporting, benchmarking, $100 per account
 Platform Fee              invoicing, and portfolio tracking. This fee is
                           charged per managed account.

 Total Investment          Investment Model Management Fee +                 $4,700 + ($100 x Number
 Model Fee                 Investment Model Platform Fee                     of Accounts)

Investment Model Management Fee:
The Investment Model Management Fee is a fixed annual fee of $4,700, with a minimum household
aggregate account size of $500,000. At JS&A’s discretion, the account minimum and/or Investment
Model Management Fee may be negotiable for clients with portfolios below $500,000. Some (but not
all) factors considered when determining an exception may include the client’s long-term investment
strategy and growth potential, their existing relationship with the firm, or the complexity of the
portfolio and required services.

Investment Model Platform Fee:
The Investment Model Platform Fee is determined based on the number of accounts a client maintains
under JS&A’s management. The current Investment Model Platform Fee is $100/per account. JS&A
...

Item 7 Types of Clients
Jim Saulnier & Associates, LLC generally provides tax-focused retirement planning and investment
advisory services to individuals and moderate-net-worth individuals that are either retired, or are
within 5 years of retirement, and have approximately $1,000,000 to $7,000,000 in investable assets and
an overall net-worth (investable and non-investable assets) between $1,000,000 and $10,000,000.

Jim Saulnier & Associates, LLC

Minimum Account Size

JS&A generally requires an account minimum of $500,000 for its Investment Model investment
management services and $750,000 for its Investment Positioning investment management service;
however, these minimums may be waived or lowered at JS&A’s sole discretion.