Lantern Wealth Advisors LLC

Item 5 Fees and Compensation
The Lighthouse Plan: The annual fee for The Lighthouse Plan services will be charged as a
percentage of assets under management, according to the following schedules:

Equities and Balanced Accounts

Assets Under Management Annual Fee (%)

$0 to $49,999                 2.50%
$50,000 to $99,999            2.25%
$100,000 to $249,999          2.00%
$250,000 to $499,999          1.75%
$500,000 to $999,999          1.65%
$1,000,000+                   1.50%

Fixed Income Portfolios

Assets Under Management Annual Fee (%)

$250,000 to $499,999                      0.95%
$500,000 to $999,999                      0.85%
$1,000,000+                               0.75%

A minimum of $25,000 of assets under management is required. This account size may be negotiable
under certain circumstances.

Lantern Wealth Advisors will quote an exact percentage to each client based on both the nature and
total dollar value of that account. Lantern Wealth Advisors may group certain related client accounts for
the purposes of achieving the minimum account size and determining the annualized fee. Depending
on account size and other factors, lower rates may apply and Lantern Wealth Advisors reserves the
right to reduce fees. The agreed upon fees are specified in the client agreement. Clients are not
charged additional fees for the use of models, whether in-house or third-party provided.

Unless otherwise agreed, client accounts will be directly debited quarterly in advance at the beginning
of each calendar quarter based upon the asset value (market value of the assets or the fair market
value of the assets in the absence of market value), of the client's account at the end of the previous
quarter. The initial fee will be calculated on the value of the initial assets in the account and shall cover
the initial quarter pro-rated, based on the number of remaining days in such quarter. Clients will never
be charged more than $1,200 six or more months in advance.

The Lantern Select Plan: The fee schedule for participation in this program will vary based on the
fees assessed by the independent adviser, and will be agreed to in writing by the client, the
independent adviser, and Lantern Wealth Advisors. Lantern Wealth Advisors will receive a portion of
this fee, which also includes a clearing fee charged by the custodian. If a third-party program is used,
the fee paid by the client will include fees payable to the program provider, Lantern Wealth Advisors,
the custodian, and any independent manager(s) accessed through the program.

Please see Appendix 1 to this Brochure for specific information regarding fees, billing practices,
minimum required investments and termination of advisory agreements.

The Lantern Advisor Select Plan: All managed account clients can elect to participate in the wrap fee
program sponsored by Lantern Wealth Advisors, and in such case, clients will not pay brokerage
commissions for securities and other fees for the execution of securities transactions, rather, they will
pay a wrap fee which covers Lantern Wealth Advisor's fee as well as fees associated with the
execution of securities transactions.

See Form ADV Part 2A - Appendix 1 for a description of the wrap fee program that we sponsor.

Financial Planning: Lantern Wealth Advisors charges a fixed fee of $4,000 for preparation of an initial
financial plan. An additional fee of $1,750 will be charged each time the financial plan is reviewed and
updated, if this service is selected by the client. Financial planning fees are negotiable at the discretion
of the Firm, depending on the nature and complexity of each client's circumstances. All fees are
agreed upon prior to entering into a contract with any client. Financial planning fees will be invoiced.

A retainer may be requested upon completion of Lantern Wealth Advisors' fact-finding session with the
client; however, advance payment will never exceed $1,200 for work that will not be completed within
six months. The balance will be due upon completion of the plan.

The length of time it will take to provide a financial plan will depend on each client's personal situation.
Typically, however, the financial plan will be presented to the client within 90 days of the contract date,
provided that all information needed to prepare the financial plan has been promptly provided by the
client. If either party chooses not to proceed after receipt of the retainer and before the financial
planning process begins, 50% of the retainer fee will be refunded.

Consulting: Lantern Wealth Advisors consulting fees will be calculated based on an hourly charge of
$300 to $850 per hour for specific consultation and administrative services, depending on the nature
and complexity of the individual client's personal circumstances and consulting needs. All fees are
agreed upon prior to entering into a contract with any client. The client will be invoiced quarterly in
advance. A retainer may be requested upon completion of Lantern Wealth Advisors' fact-finding
session with the client; however, advance payment will never exceed $1,200 for work that will not be
completed within six months.

If either party chooses not to proceed with the consulting services prior to the beginning of the on-
going work, 50% of the retainer will be refunded.

Individuals of Lantern Wealth Advisors may also be registered representatives of Herold & Lantern
Investments, Inc, its affiliated FINRA member broker dealer, as well as insurance agents or brokers
with Lantern Insurance Brokerage, Inc. ("Lantern Insurance"), its affiliated insurance agency. Financial
Planning and Consulting recommendations may include products offered by these companies. If a
Financial Planning or Consulting client executes recommended securities transactions through
associated persons of Lantern Wealth Advisors in their separate capacities as registered
...

Item 7 Types of Clients
Lantern Wealth Advisors currently provides services to individuals, high net worth individuals, trusts,
estates, pension plans, and corporations and other business entities. A minimum of $25,000 of assets
under management is required for the Lighthouse Plan. The minimum account size for participation in
the Lantern Select Plan is based upon each independent adviser's minimum account size, if any. The

minimum account size for participation in Lantern Advisor Select wrap fee program varies based upon
the program selected, and ranges from $50,000 to $100,000. Minimum account sizes are negotiable at
the discretion of Lantern Wealth Advisors.