Jonathan Roberts Advisory Group Inc

Item 5: Fees and Compensation
JWCA Managed Account Fees

The default Advisor Fee tiered schedule is applicable for the following three Managed Programs:
Transaction-Based Advisory Account Programs, Asset-Based Advisory Account Program, and FMAX.

Under certain circumstances, Advisor Fees may be negotiated. Fees may also be charged at a flat rate,
instead of on a tiered schedule. Your fees may be higher or lower than the default schedule outlined below
and in the Firm’s AUM agreement. Generally, the maximum Advisor Fee is 3.00% and the minimum fee is
0.25%. Exceptions to the minimum fee may be granted by the firm based on varying circumstances
including, but not limited to, asset size and registration type. Certain other minimum fees may apply.

                                       Tiered Advisor Fee Schedule

    Advisor Fees outlined above are exclusive of Program Fees and other potential transaction fees.

Advisor Fees (also referred to as “Management Fees”), are fees typically charged by JWCA to manage the
assets in your selected Advisory Account. In general, Advisor Fees are based on a percentage of the Client’s
billable assets under management that are held in the Advisory Account, but the Advisor Fee varies by
Platform Offering (described in the previous pages), custodian and type of Advisory Account (see the AUM
Agreement and particular Addendum for the Advisory Account you select). Billable assets represent those
assets on which JWCA and your IAR are providing active investment advice.

The Advisor Fee is payable quarterly in advance or in arrears, depending on the particular Platform
Offering, custodian and Advisory Account. Please review the Fee Schedule in the applicable addendum to
your AUM Agreement to determine the exact Advisor Fee and methodology of payment. Understand that
you will pay the quarterly Advisor Fee regardless of whether there are any transactions in your Account
during the quarter. In the event you close your Account prior to the end of a quarter, and you are paying
in arrears, you will owe a prorated Advisory and Program Fee. If paying in advance, you will receive a
prorated refund of the Advisory Fee. In some instances, the Advisor Fee includes not only investment

management services but also includes the costs of transactions in your Advisory Account (i.e., a “wrap
account”; see Asset-Based program and FMAX described previously).

Please note, if an Advisory Account has no or few transactions over a period of time, JWCA may, for the
benefit of the Client, either cease charging an Advisor Fee on the Account (although a Program Fee would
still be charged) or move the Advisory Account to a brokerage account at JWCF, a broker-dealer affiliated
with JWCA. In either case, the Account would no longer be considered part of an advisory relationship
with JWCA. JWCA can make a unilateral decision to cease charging an Advisor Fee on a Client’s Advisory
Account and/or move an Advisory Account to a brokerage account. In addition to the Advisor Fee, a
separate Program Fee is also charged in most cases depending on the particular platform offering, the
custodian utilized, and the nature of the IAR’s business (such that a Program Fee may vary depending on
the IAR offering the Advisory Account). The Program Fee is billed in exchange for services provided by
JWCA and custodian to your investment Account. The Program Fee is also generally based on a percentage
of total asset account value, which is inclusive of both billable and excluded assets in your Advisory
Account, often with a minimum annual fee amount required. The quarterly Program Fee is determined
based on the number of days in the period and prorated based on the total minimum Program Fee. In the
case of leap year, Clients should be aware that the Program Fee may be slightly higher than non-leap
years. Collectively, the Advisor Fee and Program Fee are also sometimes together referred to as Total
Portfolio Fee in the Fee Schedules of Addendums to the AUM Agreement. Understand that you will pay
the Program Fee regardless of whether there are any transactions in your Account during the quarter. The
Program Fee is charged quarterly in advance/arrears in accordance with the AUM Agreement.

Transaction costs are imposed by a Custodian to execute securities transactions in an Advisory Account
(the costs are also sometimes referred to as “ticket charges”). For “Transaction-Based” Advisory Accounts,
the costs of such transactions are charged to the Client’s Advisory Account. In such Advisory Accounts,
the Client is charged for the cost of each purchase or sale of an investment. Please note that transaction
costs are in addition to the Advisor Fee and Program Fee and will vary by custodian, Managed Program
and IAR.

The JWCA IAR may or may not elect to pay such transaction costs. If the IAR does not pay for such costs,
you will incur additional costs each time you purchase or sale a security. This will increase the costs
associated with such Account, as compared to an Asset-Based Advisory Account. If your IAR elects to pay
transaction charges, while you will not pay such costs, your IAR is incented to either not recommend
transactions, in order to avoid having to pay such transaction costs, or may recommend investments
which have lower transaction costs, but which may be more expensive to you. Further, JWCF, an affiliated
broker-dealer, marks-up transaction costs and therefore receives compensation from the transaction
costs charged to you. In an “Asset-Based” Account (also known as a “Wrap Account”), transaction costs
are included in the Advisory/Program Fee. However, the Program Fee in an Asset-Based Advisory Account
is higher than the Program Fee in a Transaction-Based Advisory Account and certain trading limits may
apply in such Accounts. Transactions above such limits in certain Wrap Accounts will incur transaction
costs.

Other Fees and Expenses:
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Item 7: Types of Clients
JWCA provides the advisory services described above to: individuals, partnerships, pension and profit-
sharing plans, trusts, estates, charities, corporations, retirement plans and other entities. JWCA imposes
certain conditions for opening or maintaining an Advisory Account. Generally, our Transaction-Based
Advisory Account Program requires a minimum of $10,000; our Asset-Based Advisory Account Program
requires a minimum of $100,000; and our FMAX Program requires a minimum of $10,000 in cash or

securities. We may terminate the agreement if the Account does not meet the minimum amount required.
At our discretion, we may waive the minimum requirements if, for example, the Client has additional or
related accounts that collectively exceed the minimum requirements. Certain minimum fees apply.

TPIAs also impose minimum fees and may require larger minimums than JWCA. Please review all
agreements and request your IAR to explain any fees and account requirements prior to executing your
written agreement.

JWCA does not require a minimum account size for financial planning services but does impose a minimum
fee.