Kestra Institutional Services LLC

Item 5 FEES AND COMPENSATION
Kestra Institutional fees for an RIA Managed Account range from 0.05 percent to 0.25 percent and are
based upon a variety of factors, such as the value of an RIA’s assets under management, the products or
services chosen by an RIA, the nature of services we provide to the RIA and whether the RIA is using any
third-party platform or program. Our fees for the RIA Managed Account are separate from, and in addition
to, any fees and costs charged by an RIA to their client, as well as any costs and expenses related to
custody or transactions of an RIA client’s assets. Regardless of what amount an RIA charges a client as an
advisory fee, an RIA as Manager Account with Kestra Institutional will be subject to a minimum fee of up to
0.05 percent. Asset-based fees are generally paid quarterly in advance based upon the fair market value
of account assets on the last business day of the preceding quarter or quarterly in arrears based upon the
last business day of the quarter. We may waive or charge clients a lesser fee from time to time. The
advisory fees your RIA charges may be higher or lower than those charged by other RIAs for comparable
services, but such costs are generally within a competitive range for similar services.

The advisory fees charged by an RIA for a Managed Account may be more or less than the amount an
RIA or their client would pay to buy or sell securities separately on a commission basis in a non-managed
account and may exceed the advisory fees charged by other investment advisers for similar services.
Your RIA will receive compensation as a result of a client’s participation with Kestra Institutional.

An RIA Managed Account is typically assessed ticket charges (transaction charges) related to activity in
the account. Transaction charges will be in accordance with the then-current transaction fee schedule of
the custodian or broker-dealer introducing or clearing the transaction. In addition, various third-party
investments or third-party investment vehicles in an RIA Managed Account, such as mutual funds and
ETFs, variable annuities, real estate investment trusts and partnerships that invest in securities, including
other partnerships, and other financial products, are often subject to initial and ongoing expenses and
fees (e.g., management expenses, shareholder servicing fees, etc.) as set forth in the applicable offering
document of the investment and are payable by clients in addition to any fee Kestra Institutional charges.

Kestra Institutional (the sponsor of this program) assess fees based on the size of the account. Certain
accounts may have assets that do not generate the Minimum Annual Account Fee. The Minimum Annual
Account Fee will vary by program on AdvisorEnterprise.

Item 7 Types of Clients
Our clients are RIAs who use our services to provide investment advice to their various types of clients,
such as individuals, pension and profit-sharing plans, corporations and other business organizations,
trusts, estates and charitable organizations.