Locker Financial Services LLC

Item 5 – Fees and Compensation
Locker Financial believes that the charges and fees offered are competitive with
alternative programs available through other firms that may offer a similar range of
services; however, lower fees for comparable services may be available from other
sources.
Financial Planning and Consulting
Locker Financial develops financial plans for individuals and families. Once a client’s
unique financial planning goals have been identified, LFS will provide the client with an
estimate of the cost of preparing an integrated financial plan. Fees generally range
from $3,600 to $7,000 depending on the presentation model chosen and the complexity
of the plan, based on the current hourly rate of $350. It requires a 50% deposit prior to
work beginning with the balance due upon completion of the plan. Either party may
terminate the agreement by written notice to the other. In the event the client terminates
Locker Financial’s financial planning and/or consulting services, the balance of Locker
Financial’s unearned fees (if any) shall be refunded to the client. If termination occurs
within five business days of entering into an agreement for such services, the client
shall be entitled to a full refund.
Locker Financial may provide financial planning and consulting services (including
investment and non-investment related matters) on a stand-alone, fee basis to existing
clients for whom a financial plan has already been developed. Locker Financial will
charge an hourly fee of $350 for these services.
Clients may act on Locker Financial’s recommendations by placing securities
transactions with any brokerage firm the client chooses. The client is under no
obligation to act on Locker Financial’s financial planning recommendations. Moreover, if
the client elects to act on any of the recommendations, the client is under no obligation
to implement the financial plan through Locker Financial’s management.
As further discussed in Item 7, Locker Financial generally imposes a minimum financial
planning fee. Locker Financial, in its sole discretion, may negotiate to waive its stated
fee based upon certain criteria (i.e., related accounts, account composition, pre-existing
client, account retention, pro bono activities, etc.).
Investment Management
In the event the client hires Locker Financial to provide investment management
services, Locker Financial shall do so on a fee-only basis. If engaged, Locker Financial
shall charge an annual fee based upon a percentage of the market value of the assets
being managed by Locker Financial or on an annual retainer basis. The AUM fee
schedule is 1.0% for the first $1 million of assets, 0.80% for the second million and
0.75% for assets above $2 million. Locker Financial’s annual fee shall be prorated and
charged quarterly, in arrears, based upon the market value of the assets on the last
business day of the previous quarter. For the initial quarter of investment management
services, the first quarter’s fees shall be calculated on a pro rata basis.

            Locker Financial Services, LLC | Item 5 – Fees and Compensation 6

                         FORM ADV PART 2A (“FIRM BROCHURE”)
         January 1, 2026 FOR LOCKER FINANCIAL SERVICES, LLC

The annual fee for investment management services provided are based upon a
percentage (%) of the market value of the assets under management in accordance
with the fee schedule in the Agreement signed by the client. The client understands
that Locker Financial considers cash to be an asset class and part of assets under
management and subject to the same fee calculation as the client’s non-cash
investments.
Clients may elect to have payment for management fees deducted from their custodial
account. Both the Investment Advisory Agreement and the custodial/clearing
agreement may authorize the custodian to debit the account for the amount of Locker
Financial’s advisory fee and to directly pay that management fee to Locker Financial.
Locker Financial will not have access to client funds for payment of fees without client
consent in writing. Further, the qualified custodian agrees to deliver a quarterly account
statement directly to the client showing all disbursements from the account. The client is
encouraged to review their account statements for accuracy. Locker Financial will
receive a duplicate copy of the statement that was delivered to the client.
Alternatively, Locker Financial may invoice clients directly for portfolio management
fees. When clients are billed directly, payment is due upon receipt of Locker Financial’s
invoice.
Locker Financial also uses the services of AdvicePay. AdvicePay allows both financial
planning and portfolio management fees to be paid with credit card or ACH. Portfolio
management clients using this service will be billed directly, rather than those who are
debited from their Schwab accounts. Locker Financial does not have access to client
funds when using this service, except for the amount authorized by the client.
As further discussed in Item 7, Locker Financial generally imposes a minimum portfolio
fee for its investment management services. Locker Financial, in its sole discretion, may
negotiate to waive its stated account fee or charge a lesser management fee based
upon certain criteria (i.e., anticipated future earning capacity, anticipated future
additional assets, dollar amount of assets to be managed, related accounts, account
composition, pre-existing client, account retention, pro bono activities, etc.).
General Information Regarding Advisory Services and Fees
Locker Financial does not represent, warrant, or imply that the services or methods of
analysis used by Locker Financial can or will predict future results, successfully identify
market tops or bottoms, or insulate clients from losses due to market corrections.
Advice offered by Locker Financial may involve investments in mutual funds and
...

Item 7 – Types of Clients
Locker Financial offers personalized services to individuals. Occasionally, we also
provide services to professionals who sponsor and administer their own profit sharing
and pension plans. Client relationships vary in scope and length of service.
Required Minimum Client Fees
Locker Financial may require a minimum annual fee of $2,000. Locker Financial, in its
sole discretion, may charge a lesser fee, or choose to reduce or waive the minimum fee,
based upon certain criteria (i.e. pre-existing financial planning client, anticipated future
earning capacity, anticipated future additional assets, dollar amount of assets to be
managed, related accounts, account composition, negotiations with client, and pro bono
activities.).
Locker Financial does not require a minimum account size.

                     Locker Financial Services, LLC | Item 7 – Types of Clients 11

                         FORM ADV PART 2A (“FIRM BROCHURE”)
         January 1, 2026 FOR LOCKER FINANCIAL SERVICES, LLC