Live Oak Private Wealth LLC

Item 5. Fees and Compensation
      LOPW offers services on a fee basis, which includes fixed and/or hourly fees, as well as fees based upon
      assets under management. For investment management fees associated with participation in the Wrap
      Program, please see the Wrap Brochure.

      Financial Planning and Consulting Fees

      LOPW charges a fixed and/or hourly fee for providing financial planning and consulting services under a
      stand-alone engagement. These fees are negotiable but range from $500 to $150,000 on a fixed fee basis
      and/or from $250 to $500 on an hourly basis, depending upon the scope and complexity of the services and
      the professional rendering the financial planning and/or the consulting services. If the client engages the
      Firm for additional investment advisory services, LOPW may offset all or a portion of its fees for those
      services based upon the amount paid for the financial planning and/or consulting services.

      The terms and conditions of the financial planning and/or consulting engagement are set forth in the
      Advisory Agreement. If an agreement is executed on a date other than the first date of a calendar quarter,
      the initial payment will be prorated for the number of days remaining in that quarter.

      For engagements that last longer than 12 months, LOPW may accept payments on a quarterly basis. The
      fees will be due on the first day of the quarter, paid in advance.

      In the event of termination of the agreement, any unearned fees will be refunded to the client on a pro rata
      basis, calculated from the termination date through the end of the current Billing Period.

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 Disclosure Brochure                                                  Live Oak Private Wealth, LLC
      Investment Management Fees

      LOPW offers investment management services for an annual fee based on the amount of assets under the
      Firm’s management. This management fee varies between 150 and 40 basis points (1.50% – 0.40%), in
      accordance with the following blended fee schedule:

                                  PORTFOLIO VALUE                           FEE
                                       First $500,000                      1.50%
                                       Next $500,000                       1.25%
                                      Next $1,000,000                      1.00%
                                      Next $3,000,000                      0.80%
                                      Next $5,000,000                      0.60%
                                     Next $10,000,000                      0.50%
                                     Above $20,000,000                     0.40%

      Generally, the annual fee is charged quarterly, in advance, based upon the market value of the assets being
      managed by LOPW on the last day of the previous quarter. Some accounts may have alternate billing
      arrangements such as billing in arrears or billing based on average daily balance. These arrangements will
      be outlined in the client’s advisory agreement. From time to time, clients may experience significant
      additions to or withdrawals from their accounts during a billing period. In such cases, the Firm may, in its
      discretion and in accordance with the terms of the advisory agreement, prorate fees to reflect the impact of
      such cash flows. Not all account flows will result in an adjustment to fees. For the initial period of
      engagement, the fee is calculated on a pro rata basis. In the event the advisory agreement is terminated, the
      fee for the final billing period is prorated through the effective date of the termination and the outstanding
      or unearned portion of the fee is charged or refunded to the client, as appropriate.

      Additionally, for asset management services the Firm provides with respect to certain client holdings (e.g.,
      held-away assets, accommodation accounts, alternative investments, etc.), LOPW may negotiate a fee rate
      that differs from the range set forth above.

      Fee Discretion

      LOPW may, in its sole discretion, negotiate to charge a different fee based upon certain criteria, such as
      anticipated future earning capacity, anticipated future additional assets, dollar amount of assets to be
      managed, related accounts, account composition, pre-existing/legacy client relationship, account retention
      and pro bono activities.

      Additional Fees and Expenses

      In addition to the advisory fees paid to LOPW, clients also incur certain charges imposed by other third
      parties, such as broker-dealers, custodians, trust companies, banks and other financial institutions
      (collectively “Financial Institutions”). These additional charges include securities brokerage commissions,

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 Disclosure Brochure                                                    Live Oak Private Wealth, LLC

      transaction fees, custodial fees, fees attributable to alternative assets, fees charged by the Independent
      Managers, margin costs, charges imposed directly by a mutual fund or ETF in a client’s account, as
      disclosed in the fund’s prospectus (e.g., fund management fees and other fund expenses), deferred sales
      charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and other fees and taxes
      on brokerage accounts and securities transactions. The Firm’s brokerage practices are described at length
      in Item 12, below.

      Direct Fee Debit

      Clients provide LOPW and/or certain Independent Managers with the authority to directly debit their
      accounts for payment of the investment advisory fees. The Financial Institutions that act as the qualified
      custodian for client accounts, from which the Firm retains the authority to directly deduct fees, have agreed
...

Item 7. Types of Clients

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 Disclosure Brochure                                                   Live Oak Private Wealth, LLC

      LOPW offers services to individuals, pension and profit sharing plans, trusts, estates, corporations, business
      entities, and charitable organizations.

      Minimum Account Requirements

      As a condition for starting and maintaining an investment management relationship, LOPW imposes a
      minimum portfolio value of $250,000 or a minimum quarterly fee of $1,875. LOPW may, in its sole
      discretion, accept clients with smaller portfolios or charge a lesser fee based upon certain criteria, including
      anticipated future earning capacity, anticipated future additional assets, dollar amount of assets to be
      managed, related accounts, account composition, pre-existing client, account retention, and pro bono
      activities. The minimum fee will cause clients with smaller portfolios to incur an effective fee rate that is
      higher than the Firm’s stated fee schedule. LOPW only accepts clients with less than the minimum portfolio
      size if the Firm determines the smaller portfolio size will not cause a substantial increase of investment risk
      beyond the client’s identified risk tolerance. LOPW may aggregate the portfolios of family members to
      meet the minimum portfolio size.