LRI Investments LLC

Item 5 – Fees and Compensation

    Investment Management
    Fees are typically paid quarterly in advance (based on quarter end value and number of days in the
    quarter) or quarterly in arrears (based upon average daily value of 365 days), as selected on the client
    services agreement. Fees and will generally not exceed 2% of assets under management unless the
    scope, complexity, amount of time or expertise required warrant a higher fee. The fee is deducted
    based on a separate written authorization between the custodian and the Client.

        •    Clients will receive quarterly statements from the Custodian that provides details of the
             advisory fees.

        •    The investment advisory fee in the first period of service is pro-rated from the inception date
             of the account[s] to the end of the first quarter.

        •    If the advisory agreement is terminated before the end of the quarterly period, Client is
             entitled to a pro-rated refund of any pre-paid quarterly advisory fee based on the number of
             days remaining in the quarter after the termination date.

        •    Asset management fees are exclusive of and in addition to, brokerage fees, transaction fees,
             and other related costs and expenses.

        •    The firm will not have the authority or responsibility to value portfolio securities.

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ADV2A_LRI (02/27/2026)

  Financial Planning
  The fee for financial planning can be based on an hourly or a fixed rate depending on the nature of the
  planning. Fixed fees are generally paid 100% in advance or in equal monthly payments. Hourly fees are
  generally charged as they incur.

     •   Hourly Fee: $150 to $350
     •   Fixed Fee: $650 to $2,500

  The applicable fee is determined by the scope and complexity of a particular Client’s financial situation
  as well as the amount of time and expertise required. In some cases, a fee greater or lesser then the
  typical fee range may be warranted.

  Mutual Fund Share Class Disclosures
  LRI Investments, LLC strives to select the lowest cost share class available; however, certain mutual
  fund share classes charge a 12b-1 fee that generally amounts to an additional .25% expense ratio or
  more. The purpose of 12b-1 fees, as approved by the SEC, are to cover marketing expenses and
  shareholder services such as support services and “other expenses” such as legal, accounting and the
  administrative functions of the custodian. When selecting a mutual fund, Investment Advisor
  Representatives have a fiduciary duty to choose the share class that helps manage the overall fee
  structure of the account. The entire fee structure includes such fees as the asset management fee,
  the expense ratio and ticket charges.

     •    Mutual funds typically offer multiple share classes, including lower-cost share classes that do
          not charge 12b-1 fees and are therefore usually less expensive.

     •    Investment Advisor Representatives will consider investing Client funds in 12b-1 fee-paying
          share classes even when a lower-cost share class is available as appropriate to account for the
          overall fee structure and tax considerations as well as attributes of a fund not available for lesser
          fees.
  Discretionary Participant Account Management
  Fees are determined by the account value at the end of the previous quarter and billed to a Client’s
  taxable account or directly to the Client. Accounts initiated or terminated during a calendar quarter
  will be charged a pro-rated fee based on the amount of time remaining in the billing period. An
  account may be terminated with written notice at least 15 calendar days in advance.

  Compensation for Sales of Securities
  LRI Investments, LLC does not receive commission compensation for advisory services.

  Other Fees and Expenses
  Clients will pay the following separately incurred expenses, which we do not receive any part of:
  charges imposed directly by a mutual fund, index fund, or exchange traded fund which shall be
  disclosed in the fund’s prospectus (i.e., fund management fees and other fund expenses). If a Client’s
  assets are invested in mutual funds or other pooled investment products, Clients should be aware
  that there will be two layers of advisory fees and expenses for those assets. Client will pay an advisory
  fee to the fund manager and other expenses as a shareholder of the fund. Client will also pay Advisor
  the advisory fee with respect to those assets. Most of the mutual funds available in the program may
  be purchased directly. Therefore, Clients could generally avoid the second layer of fees by not using

ADV2A_LRI (02/27/2026)

  the management services of LRI Investments, LLC and by making their own investment decisions.
  Further information regarding fees assessed by a mutual fund is available in the appropriate
  prospectus.

  Termination
  A contract between LRI Investments, LLC and a Client may be cancelled at any time with thirty (30)
  days prior written notice. Clients will be given this brochure form ADV Part 2A, forty-eight hours in
  advance of signing an agreement or they will have five business days to unconditionally cancel the
  agreement.

Item 7 – Types of Clients
  The advisory services offered by LRI Investments, LLC are available for individuals, high net worth
  individuals, individual retirement accounts (“IRAs”), banks and thrift institutions, pension and profit-
  sharing plans, including plans subject to Employee Retirement Income Security Act of 1974 (“ERISA”),
  trusts, estates, charitable organizations, state and municipal government entities, corporations and
  other business entities.