Lang & Becker Inc

Item 5 – Fees and Compensation

General Account Characteristics

Described below are general characteristics regarding “other” fees incurred, discretionary
authority, payment of fees, and termination of contracts that will affect your account(s).
For a more complete discussion and disclosure regarding any Account’s services or fee
structure, we will provide a detailed advisory agreement and/or the third-party investment
manager’s Brochure and the Form ADV Part 2A, Appendix 1 (wrap fee brochure), as
applicable.

Fee-Based Advisor Managed Accounts

   1. Osaic Wealth Management Platform - Advisor Managed Portfolios Program

We offer the Advisor Managed Portfolios with separate advisory fees and transaction
charges (“Non-Wrap Account”). As such, in addition to the monthly/quarterly account fee
described below for advisory services, you will also pay separate per-trade transaction
charges.

You will pay a monthly or quarterly account fee, in advance, based upon the market value
of the assets held in your account as of the last business day of the preceding calendar
month or quarter. Your account fees are negotiable and will be debited from your account
by NFS. If you terminate your participation in this program, you will be entitled to a pro-
rata refund of any prepaid monthly or quarterly fees based upon the number of days
remaining in the month or quarter after the date upon which the notice of termination is
received.

Each of our IARs negotiates their own account fee schedule.

Mutual funds and ETFs invested in the account have their own internal fees which are
separate and distinct from the program account fees (for more information on these fees,
see the applicable fund prospectus).

Some Fund fees include 12b-1 fees which are internal distribution fees assessed by the
Fund, all, or a portion of which are paid to the distributor(s) of the Funds. Lang & Becker
and your IAR do not retain 12b-1 fees paid by the Funds.

In certain instances, there is the opportunity to be eligible to purchase certain mutual
funds and ETFs without incurring transaction charges subject to certain conditions. For
details, please refer to Item 4 (No Transaction Fee Programs) of the Osaic Brochure.

For complete details, including account fee schedule guidelines and a list of transaction
charges, please see the Osaic Brochure.

   2. Osaic Wealth Management Platform - Unified Managed Account Program

We offer UMA as an account with separate advisory fees and transaction charges (“Non-
Wrap Account”). Therefore, in addition to the quarterly account fee described below for
advisory services, you will also pay separate per-trade transaction charges.

You will pay a quarterly account fee, in advance, based upon the market value of the
assets held in your account as of the last business day of the preceding calendar quarter.
Your account fees are negotiable and will be debited from your account by NFS. If you
terminate your participation in this program, you will be entitled to a pro-rata refund of any
prepaid quarterly fees based upon the number of days remaining in the quarter after the
date upon which the notice of termination is received.

Each of our IARs negotiates their own account fee schedule. The account fees paid by
client include portions paid to your IAR (“Advisory Fees”), as well as to Lang & Becker,
the custodian, and the third-party money managers selected (“Program Fees”). Advisory
Fees are set independently regardless of the manager selected. Mutual funds and ETFs
invested in the account also have their own internal fees (“internal fund expenses”) which
are separate and distinct from the program account fees (for more information on these
fees, see the applicable fund prospectus). Since fees billed to your UMA account are
comprised of both Program Fees and Advisory Fees, IARs may have an incentive to
select third-party money managers with lower Program Fees in order to manage the
overall fee charged to you. You and your IAR should consider the overall fees and
expenses, including internal fund expenses, when selecting managers and other portfolio
investments.

For complete details, including account fee guidelines and a list of transaction charges,
please refer to The Brochure.

Portfolio Management Outside of Osaic’s Fee-Based Accounts

The following information shall address the fees not previously addressed for services in
Item 4 that Lang & Becker may charge for the services described in the previous sections.

       Account(s) Value                                     Annual Percentage

       $250,000 - $1,500,000                                1.00 - 1.50%

       $1,500,001 +                                                0.75%

This schedule is used as a guideline only; all fees are subject to negotiation at the sole
discretion of Lang & Becker.

Payment of Fees

Our fee will be based upon the market value of the assets held in your account as of the
last business day of the preceding calendar month or quarter.

For most accounts, fees are payable monthly in advance and automatically deducted from
the account pursuant to the advisory agreement. The account will be billed for the first
partial month and the first full month during the first full month

For certain accounts, fees are payable quarterly in advance and automatically deducted
from the account pursuant to the advisory agreement. If an account is opened in the first
or second month of a quarter, it will be charged one fee during its first billing cycle, which
will occur during the first full month after the account is established. The fee is prorated
for the number of days the account was open based on the start date through the end of
the quarter. If an account is opened in the third month of a quarter, it will be charged two
fees in its first billing cycle. The first will be for its partial quarter. The second will be for
the upcoming full quarter. The fees will be charged on the 15th business day of the first
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Item 7 – Types of Clients

We provide investment advisory services to individuals including high net worth
individuals, and businesses. Generally, Lang & Becker shall impose a minimum fee for
its investment advisor services of $2,500. However, exceptions may be made under
certain circumstances (e.g., for related accounts and for the accounts of Lang & Becker
personnel and their family members).