Litvak Wealth 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
agreement with the Advisor.

A. Fees for Advisory Services
Investment Management Services
Investment advisory fees are paid quarterly in arrear at the end of each calendar quarter, pursuant to the terms of
the investment advisory agreement. Investment advisory fees range up to 1.50% annually. Certain Clients may be
offered a tiered fee schedule. Investment advisory fees vary depending on the size and complexity of the Client
relationship. Relationships with multiple objectives, specific reporting requirements, portfolio restrictions and other
complexities may be charged a higher fee. Clients engaging for the limited scope service are typically charged a
lower fee.

The investment advisory fee in the first Billing Period 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 Client’s fees will
take into consideration the aggregate assets under management with the Advisor. All securities held in accounts
managed by Litvak will be independently valued by the Custodian. The Advisor will conduct periodic reviews of the
Custodian’s valuation to ensure accurate billing.

The Advisor’s fee is exclusive of, and in addition to, brokerage fees, transaction fees, and other related costs and
expenses described in Item 5.C, which may be incurred by the Client. However, the Advisor shall not receive any
portion of these commissions, fees, and costs. The hourly fees are determined after considering many factors, such
as the level and scope of the services.

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 investment advisory 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 terms of such fee
arrangements are included in the Independent Manager’s disclosure brochure and applicable contract[s] with the
Independent Manager. The total blended fee, including the Advisor’s fee and the Independent Manager’s fee, will
not exceed 2.50% annually.

B. Fee Billing
Investment Management Services
Investment advisory fees will be calculated by the Advisor and deducted from the Client’s account 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] at the respective quarter end date. This annual investment advisory fee shall be prorated and
paid quarterly, in arrears, based upon the average market value of the Client’s Account(s) as of the last business
day of each month during the previous quarter end date. Clients will be provided with a statement, at least quarterly,
from the Custodian reflecting deduction of the investment advisory fee. It is the responsibility of the Client to verify
the accuracy of these fees as listed on the Custodian’s brokerage statement as the Custodian does not assume this
responsibility. Clients provide written authorization permitting advisory fees to be deducted by Litvak directly from
their accounts held by the Custodian as part of the investment advisory agreement and separate account forms
provided by the Custodian.
                                                     Litvak Wealth, LLC
                                     50 Washington Street, Suite 301E, Norwalk, CT 06854
                                         Phone: (203) 227-8000 * Fax: (203) 635-4368
                                                    http://litvakandco.com

Use of Independent Managers
For Client accounts implemented through an Independent Manager, the Client’s overall fees will include Litvak’s
investment advisory fee (as noted above) plus investment management fees and/or platform fees charged by the
Independent Manager. The Independent Manager will assume the responsibility for calculating the Client’s fees and
deducting all fees from the Client’s account[s].

C. Other Fees and Expenses
Clients may incur certain fees or charges imposed by third parties, other than Litvak, in connection with investments
made on behalf of the Client’s account[s]. The Advisor covers the cost of the first 5 wires fees incurred by the
Client, any wire fees after that the Client will be responsible for. The Client is responsible for all custody and
securities execution fees charged by the Custodian, if applicable. The Advisor's recommended Custodian does not
charge securities transaction fees for ETF and equity trades in a Client's account, provided that the account
meets the terms and conditions of the Custodian's brokerage requirements. However, the Custodian typically
charges for mutual funds and other types of investments. The investment advisory fee charged by Litvak is
separate and distinct from these custody and execution fees.

In addition, all fees paid to Litvak for investment advisory services are separate and distinct from the expenses
charged by mutual funds and ETFs to their shareholders, if applicable. These fees and expenses are described in
each fund’s prospectus. These fees and expenses will generally be used to pay management fees for the funds,
other fund expenses, account administration (e.g., custody, brokerage and account reporting), and a possible
distribution fee. A Client may be able to invest in these products directly, without the services of Litvak, but would
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Item 7 – Types of Clients
Litvak provides investment advisory services individuals, high net worth individuals, personal trusts and estates.
Litvak generally requires a minimum relationship size of $2,000,000, which may be reduced at the sole discretion
of the Advisor.