Legacy Financial Independent Advisors LLC

Item 5 – Fees and Compensation

The following paragraphs detail the fee structure and compensation methodology for services provided by the
Advisor. Each Client engaging the Advisor for services described herein shall be required to enter into a written
advisory agreement with the Advisor.

A. Fees for Advisory Services
Wealth Management Services
Wealth management fees are paid quarterly, in advance of each calendar quarter, pursuant to the terms of the
wealth management agreement. Wealth management fees are based on the market value of assets under
management at the end of the prior quarter. Wealth management fees range from 0.50% to 1.25% annually based
on the following tiered schedule:

                                   Assets Under Management              Annual Rate (%)
                                   Up to $250,000                           1.25%
                                   $250,001 to $500,000                     1.00%
                                   $500,001 to $1,000,000                   0.80%
                                   $1,000,001 to $2,500,000                 0.70%
                                   $2,500,001 to $5,000,000                 0.60%
                                   $5,000,000 and above                     0.50%

The wealth management fee in the first quarter of service is prorated from the inception date of the account[s] to the
end of the first quarter. Fees may be negotiable at the sole discretion of the Advisor. The Advisor typically offers a
tiered fee schedule (as detailed above) where the rate is reduced as assets under management increase. In certain
circumstances, the Advisor may charge a fixed annual rate or fixed fee for its services. The Client’s fees will take
                                     Legacy Financial Independent Advisors LLC
                                100 Mallard Creek Rd, Suite 402–Louisville, KY 40207
                               Phone: (502) 873-0522 | Website: https://www.legacyfia.com

into consideration the aggregate assets under management with the Advisor across all accounts, unless otherwise
agreed in writing. All securities held in accounts managed by LFIA will be independently valued by the Custodian.
LFIA will not have the authority or responsibility to value portfolio securities.

Clients may make additions to and withdrawals from their account[s] at any time, subject to LFIA’ right to terminate
an account. Additions may be in cash or securities provided that LFIA reserves the right to liquidate any transferred
securities or decline to accept particular securities into a Client’s account[s]. Clients may withdraw account assets
on notice to LFIA, subject to the usual and customary securities settlement procedures. However, LFIA designs its
portfolios as long-term investments, and the withdrawal of assets may impair the achievement of a Client’s
investment objectives. LFIA may consult with its Clients about the options and ramifications of transferring
securities. However, Clients are advised that when transferred securities are liquidated, they may be subject to
transaction fees, fees assessed at the mutual fund level (i.e. contingent deferred sales charge) and/or tax
ramifications.

Use of Independent Managers
As noted in Item 4, the Advisor may implement all or a portion of a Client’s investment portfolio utilizing one or more
Independent Managers. To eliminate any conflict of interest, the Advisor does not earn any compensation from an
Independent Manager. The Advisor will only earn its wealth management fee as described above. Independent
Managers typically do not offer any fee discounts but may have a breakpoint schedule which will reduce the fee
with an increased level of assets placed under management with an Independent Manager. The Advisor will
allocate a portion of the advisory fee collected to the Independent Manager pursuant to the terms of the executed
agreement between the Advisor and the Independent Manager. If the Client is required to authorize and enter into
a wealth management agreement with an Independent Manage then the terms of such fee arrangements are
included in the Independent Manager’s disclosure brochure and applicable contract[s] with the Independent
Manager.

Financial Planning Services
LFIA may including financial planning services as part of its overall wealth management services and fee or as a
separate engagmeent. Fincnial planning fees are billed at an hourly rate of up to $300 per hour or as a fixed
engagement fee. Fees may be negotiable based on the nature and complexity of the services to be provided and
the overall relationship with the Advisor. An estimate for total hours and/or costs will be determined prior to
engaging for these services.

Retirement Plan Advisory Services
Fees for retirement plan advisory services are charged an annual asset-based fee ranging from 0.25% to 1.00%
based on the size of the Plan and scope of services to be provided. Fees are typically billed in advance of each
calendar quarter, pursuant to the terms of the retirement plan advisory agreement. Retirement plan fees are based
on the market value of assets under management in the Plan at the end of the prior calendar quarter. Fees may be
negotiable depending on the size and complexity of the Plan.

B. Fee Billing
Wealth Management Services
Investment advisory fees are calculated by the Advisor or its delegate and deducted from the Client’s account[s] at
the Custodian. The Advisor shall send an invoice to the Custodian indicating the amount of the fees to be deducted
from the Client’s account[s] in advance of each quarter. The amount due is calculated by applying the quarterly rate
(annual rate divided by 12) to the market value of assets under management as of the end of the prior quarter.
Clients will be provided with a statement, generally quarterly, from the Custodian reflecting the deduction of the
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Item 7 – Types of Clients

LFIA offers advisory services to individuals, high net worth individuals, families, trusts, estates, businesses, and
retirement plans. LFIA generally does not impose a minimum relationship size.

Certain Advisory Persons are also licensed as independent insurance professionals. As an independent
insurance professional, an Advisory Person may earn commission-based compensation for selling insurance
products, including insurance products they implement for Clients. Insurance commissions earned by an
Advisory Person are separate and in addition to our advisory fees. This practice presents a conflict of interest
because as the Advisory Person may have an incentive to recommend insurance products to the Client for the
purpose of generating commissions rather than solely based on the Client’s needs. Clients are under no
obligation, contractually or otherwise, to purchase insurance products through any Advisory Person affiliated with
the Advisor.
                                    Legacy Financial Independent Advisors LLC
                               100 Mallard Creek Rd, Suite 402–Louisville, KY 40207
                              Phone: (502) 873-0522 | Website: https://www.legacyfia.com