Level Four Advisory Services LLC

Item 5 – Fees and Compensation

    In addition to the information provided in Item 4 – Advisory Business, this section provides details regarding LFAS’
    services along with descriptions of each service’s fees and compensation arrangements. Clients are advised that they
    may pay more or less than other clients for similar services, however the fees clients will pay for advisory services will
    not exceed the fees established in the descriptions on the following page. Fee waivers or discounts may be offered to
    family members and friends of associated persons of LFAS which are not available to other clients.

    1. Financial Planning Services

    Financial Plans
    LFAS provides financial planning services in the form of oral advice and written financial plans. A financial plan can
    include, but is not limited to, the following topics: tax planning, retirement planning, educational planning,
    portfolio analysis, asset allocation strategies, risk management planning, budgeting and cash flow, and estate
    planning. Financial planning engagements are offered under a separate and distinct Financial Planning Agreement
    from any asset management services that may be provided through LFAS under an Investment Advisory
    Agreement.

    At a complimentary initial meeting, the Advisory Representative will assist the client in determining the level of
    financial planning services needed. If clients elect to continue with the financial planning process, the Advisory
    Representative will hold as many meetings or telephone conferences as necessary to gather the documents,

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Form ADV Part 2A – Firm Brochure                                                                                          032026

    information, goals and objectives needed to prepare the financial plan. LFAS’ Advisory Representatives will meet
    with the client to:

        •    Identify financial goals and objectives;
        •    Collect and assess all relevant data;
        •    Identify financial concerns and formulation of solutions; and
        •    Prepare a financial plan with specific recommendations for presentation to the client.

    Fees for Financial Plans and Consulting Services
    Clients requesting a financial plan have the option of being charged on an hourly or fixed fee (either one-time or
    split over agreed time intervals) basis. Whether hourly or fixed, all fees will be disclosed to clients prior to any
    services being provided. Hourly fees are billed at a rate generally not to exceed $300 per hour. Exceptions to this
    general rate may be granted based upon the qualifications and experience of the advisory representative. The fee
    is negotiable based on the actual services required, the qualifications and experience of the Advisory
    Representative providing the service, the complexity of the client’s situation, and the time and resources required
    to provide the service (i.e., support staff, administrative assistance, copy/fax services, notary services, etc.). For
    hourly charges, the specified hourly rate will be multiplied by the estimated number of hours needed to complete
    the requested plan and the client will be provided with an estimated total cost. If more time is required than the
    original estimate, the Advisory Representatives will contact the client about the additional time needed and will not
    proceed with additional work until receiving permission to do so. Whether the time required completing the plan
    is more or less than the original estimate, clients will always be charged for the actual time spent preparing the
    requested plan. The fixed fee is a flat charge which will not be increased or decreased even if the actual time
    expended by the Advisory Representative is different than originally computed when determining the quoted fee.

    Annual Consulting Services
    Clients may also contract with LFAS for annual consulting services. Clients contracting for these services will receive
    12 months of unlimited office meetings or telephone consultations on any financial topic of interest to the client.
    Fees are negotiable based upon the complexity of the client’s financial situation, the services anticipated to be
    provided and the qualifications and experience of the Advisory Representative providing the services. The
    negotiated fee will be disclosed to the client prior to any services being rendered. Fees are payable on a monthly or
    quarterly basis, either in advance or arrears upon the completion of services.

    Annual retainer services are for a one-year period and are renewable upon written consent by the client.

    Termination of Services
    Either party may terminate the client agreement by providing written notice to the other. There is no penalty or
    termination fee for the termination of the agreement. If services are terminated within five business days of
    executing the agreement, the pro-rated fees for such period shall be waived. For termination requests received
    after the initial five business days, LFAS shall be entitled to the payment of Fees for services completed prior to
    termination of the Agreement. LFAS will provide a statement detailing the time expended by the Advisory
    Representative, explaining all charges and adjustments, with the amount due from the client or a pro-rated refund
    of all unearned monies. Financial planning services automatically terminate upon presentation of the financial plan
    to the client.

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Form ADV Part 2A – Firm Brochure                                                                                             032026

    Fee Offset
...

Item 7 – Types of Clients

    LFAS generally provides investment advice to the following types of clients:

        •    Individuals
        •    High net worth individuals
        •    Pension and profit-sharing plans
        •    Trusts and estates
        •    Charitable organizations
        •    State or municipal
        •    Corporations or business entities other than those listed above
        •    Foreign clients

    Minimum Investment Amounts Required

    In general, there is no minimum for Participant Asset Management Program and ICA Programs. The Managed Asset
    Program has a minimum investment amount of $40,000. For accounts sub-advised by LFCM and managed in
    investment strategies developed by the LFCM Investment Committee, a minimum of $10,000 is required for asset
    allocation models, $100,000 for equity portfolios, $100,000 for taxable fixed income (corporate bonds), $175,000 for
    tax exempt/municipals, $250,000 for private fund alternative (private credit or private equity) strategy, and $500,000
    for tax exempt high yield municipals. Exceptions to these minimums may be granted at the discretion of LFAS/LFCM.