Landaas & Company LLC

ITEM 5. FEES AND COMPENSATION
Fees charged by Landaas for its discretionary and non-discretionary asset management services
are based on the value of assets being managed. All fees may be negotiated but generally conform
to the following fee schedule:

                            Asset Value of Account              Annual Fee
                            First $1,000,000*                      1.00%
                            Next $1,500,000                        0.80%
                            Next $2,500,000                        0.60%

                            Over $5,000,000                        0.50%
                            *$50,000 minimum account size

Although a minimum account size of $50,000 is recommended, clients and their Investment
Advisor Representative may open a smaller account based on the client’s individual
circumstances. The fees outlined in the chart above relate only to asset management services. Fees
charged by the firm vary from client to client and are based on a number of factors, including
type of account, kind of securities in the account, dollar value of securities, projected nature of
trading for the account, number and expertise of portfolio managers necessary to manage the
assets in the account, and nature and scope of individual advisory services required to properly
service the account. Thus, clients receiving similar advisory services may be charged different
fees.

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All fees due Landaas are payable quarterly in advance. The initial fee, which includes the fee for
the balance of the first quarter of services, is due in full on the date a service agreement is signed
by the firm and client, unless an alternative date is agreed to by both the firm and the client, and
is based on the account's asset value on that date, including cash and cash equivalents. Thereafter,
quarterly fees are based on an account's total asset value on the last business day of the previous
calendar quarter. If additional cash, securities or other investments exceeding $5,000 are accepted
for management during any billing period, applicable fees are prorated for the number of days
remaining in the billing period and are due on the date the new assets are accepted. For purposes
of valuing assets, the assets of certain related accounts may, at the discretion of Landaas, be
combined for fee calculation purposes. The fee schedule provided to a client may be modified or
changed by Landaas upon written notice to the client.
If, for any reason, a client decides to terminate the service agreement with the firm, they may do
so by written notice to Landaas. A refund of the prepaid fee, prorated to the date of termination,
is then returned to the client. Landaas may also terminate the agreement by a written notice to
the client, in which case it will issue a refund of the prepaid fee, prorated to the date of
termination. All fees are directly debited from client accounts and Landaas does not currently
offer an option to be invoiced for advisory fees owed.
Certain securities, such as mutual funds and exchange-traded funds, pay management fees and
other internal costs and expenses that are incorporated into the price of such securities. Because
of this, clients holding mutual funds in advisory accounts pay two levels of management fee—
one to Landaas and one that is incorporated into the price of the security. As further discussed
below, Landaas strives to always offer clients the lowest-cost investment options appropriate for
each client’s particular situation. In certain cases, however, a client’s profile and investment
objectives may lead a Landaas Representative to recommend investments that are not the lowest-
cost option available in order to pursue certain strategies, such as seeking to outperform the
market or protecting principal.

CONFLICTS OF INTEREST
Landaas primarily utilizes its proprietary broker-dealer to establish and maintain advisory
accounts. In doing so, Landaas can access a variety of investment programs, including some that
offer certain compensation and fee structures that create conflicts of interest of which clients
should be aware. Firms like Landaas that are dually registered as both investment advisors and
broker-dealers face certain inherent conflicts when providing services to clients.
A discussion of some of these conflicts follows, but clients are always encouraged to discuss
applicable conflicts, fees, and related matters with their Landaas Representative. Please also refer
to Item 12. Brokerage Practices for additional information about these and other conflicts of
interest faced by Landaas in connection with the services it provides.

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Transaction Fee and Distribution Payment
The management fee clients pay Landaas does not cover transaction costs incurred as a result of
implementing its advice or strategies, such as fees charged by the broker-dealers involved in
executing the transactions. Pershing charges Landaas set fees that vary based on the type of
security to execute securities transactions on its behalf.
In its capacity as an introducing broker-dealer to Pershing, Landaas is able to control transaction
costs passed along to clients and has opted to set a flat fee for all securities transactions. For certain
types of securities, such as equities, ETFs, and mutual funds transaction costs charged by
Pershing are lower than the flat fee charged by Landaas. For others, such as certain fixed income
securities, Pershing charges higher transaction costs than what is passed along to Landaas clients.
Depending on the particular transaction, the flat transaction fee charged by Landaas results in
Landaas either covering a portion of the transaction costs otherwise borne by clients or receiving
...

ITEM 7. TYPES OF CLIENTS
Landaas provides advisory services to a variety of clients, including individuals, business entities,
trusts, estates, charitable organizations, and pension and profit-sharing plans.
Landaas typically requires clients to place at least $50,000 under the firm's management as a
condition to establishing an advisory relationship. Landaas, in its sole discretion, may waive or
reduce its minimum asset requirement based upon certain criteria such as: anticipated future
earning capacity, anticipated future additional assets, related accounts, account composition, or
as negotiated with clients.