Long Island Financial LLC

Item 5: Fees and Compensation
Please note, unless a Client has received this brochure at least 48 hours prior to signing an Advisory
Contract, the Advisory Contract may be terminated by the Client within five (5) business days of signing the
Advisory Contract without penalty or incurring any fees. At no time do we require prepayment of $1,200 or
more six months or more in advance of rendering the services.

How we are paid depends on the type of advisory services we perform. Below is a brief description of our
fees, however, you should review your executed Advisory Contract for more detailed information regarding
the exact fees you will be paying. Fees are negotiable and some fees may vary by Client for similar services.
No increase to the agreed-upon advisory fees outlined in the Advisory Contract shall occur without prior
Client consent.

The firm may, at its sole discretion, reduce or waive fees for certain Clients. Such adjustments may be based
on factors including, but not limited to, the scope and complexity of the services provided, the Client’s
overall relationship with the firm, or other unique considerations.

Investment Management Service

The fee is based on a percentage of assets under management and is negotiable. The annualized fees for
investment management services are based on the following fee schedule:

                     Assets Under Management                    Annual Advisory Fee
                           $0 - $1,000,000                              1.00%
                        $1,000,001 and Above                            0.50%

The annual advisory fee is paid quarterly in advance based on the value of Client’s account(s) as of the last
day of the billing period. The advisory fee is a blended tier. For example, for assets under management of
$2,000,000, a Client would pay 1.00% on the first $1,000,000 and 0.50% on the remaining balance. The
formula for the quarterly fee is determined by the following calculation: (($1,000,000 x 1.00%) + ($1,000,000
x 0.50%)) ÷ 4.

In determining the advisory fee, we may allow accounts of members of the same household to be
aggregated. NFP relies on the valuation as provided by Client’s custodian in determining assets under
management. Our advisory fee is prorated for any partial billing periods occurring during the engagement,
including the initial and terminating billing periods. Adjustments will be made for deposits and withdrawals
during the billing period.

If NFP utilizes an Outside Manager, the above fee schedule does not include the Outside Manager’s fee. The
Outside Manager’s advisory fees, billing schedule, and payment procedures are set forth in their separate
written disclosure documents, advisory agreements, and/or the account opening documents of your
account Custodian. At no point will the combined fee charged to the Client exceed 2% of assets under
management.

Ongoing Financial Planning

We charge a recurring fixed fee for Ongoing Financial Planning. Fees are paid monthly in advance, ranging
from $200 to $1,000. The fee range is dependent upon variables including the specific needs of the Client,
complexity, estimated time, research, and resources required to provide services to you, among other
factors we deem relevant. Fees are negotiable and the final agreed upon fee will be outlined in your
Advisory Contract. Ongoing planning contracts are subject to an annual fee, payable monthly. If a client
terminates services prior to the initial 12 month period, the firm, at its sole discretion, may require payment
for the remaining outstanding balance as indicated within the signed Advisory Agreement.

Project-Based Financial Planning

NFP charges either a fixed or hourly fee for Project-Based Financial Planning. Fixed fee rates range between
$500 to $20,000. Our hourly rate ranges between $500 to $1,000.

The fee range is dependent upon variables including the specific needs of the Client, complexity, estimated
time, research, and resources required to provide services to you, among other factors we deem relevant.
Fees are negotiable and the final agreed upon fee will be outlined in your Advisory Contract. NFP may
request a portion of the fee be collected in advance with the remainder due upon completion of the
services.

Retirement Plan Consulting/Management

Fees are based on a percentage of plan assets under advisement/management, we charge a maximum of
1.00%. The agreed upon fees will be clearly set forth in the agreement signed between us and the Client.
Fees are payable monthly or quarterly in arrears or in advance depending on the negotiated terms of the
agreement signed between us and the client. Comparable services may be available from other advisers for
higher or lower fees.

Fees for Retirement Plan Services are negotiable depending on individual plan needs and circumstances
including, but not limited to, the plan size, the scope of the services, and the number of participants, among
more. This does not include fees to other parties, such as record keepers, custodians, or third-party
administrators. NFP relies on the valuation as provided by Client’s custodian in determining assets under
management. Our advisory fee is prorated for any partial billing periods occurring during the engagement,
including the initial and terminating billing periods.

Tax Preparation

The fees for Tax Return Preparation will be determined based on the complexity of the return and quality of
recordkeeping. The fees may be negotiable in certain cases, will be agreed upon at the start of the
engagement, and are due at the completion of the engagement. Per IRS regulations, NFP is not required to
furnish a completed tax return, or file any tax return for which NFP has not received payment. Outstanding
invoices may prevent timely tax filings.

Fee Payment

For Investment Management services, we deduct our advisory fee from one or more account(s) held at an
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Item 7: Types of Clients
We provide financial planning and investment management services to individuals, high net-worth
individuals, pension and profit sharing plans, charitable organizations, and corporations or other
businesses.

We do not have a minimum account size requirement to open or maintain an account.