Maxim Financial Advisors LLC

Item	5	         Fees	and	Compensation
Fees	for	Investment	Supervisory	Services
Advisory accounts serviced by Investment Advisor Representatives are charged at the beginning of each calendar quarter
in advance based on the assets as of the close of the business on the last business day of the prior calendar quarter or on
the average daily balance of the account for the prior quarter. Fees will be assessed pro rata in the event the portfolio
management agreement is executed at any time other than the first day of a calendar quarter.
At our discretion, we make adjustments to your fee based on significant inflows and outflows.
Wrap Accounts serviced by Investment Advisor Representatives are charged an asset management fee in lieu of
commissions. The fees are negotiated at the time the client signs the contract and range from 10 basis points to 250
basis points (“bps”). For additional disclosure regarding the Wrap Program, please refer to the Maxim Financial Advisors
Wrap Program Brochure.
Our qualified clients who invest in customized hedge fund portfolios structured by Crystal Capital Partners, LLC, will
compensate Crystal Capital Partners, LLC, the manager of each hedge fund, and us. Our fee will range up to an annual
fee of 1.5%. Crystal Capital Partners, LLC will also charge an annual fee of up to 1.5%. The underlying managers' fees will

vary. These fees are disclosed to investors in this product through the offering documents and agreements signed at the
time the account is opened. Our advisory fee for these assets are collected by Crystal Capital Partners, LLC.
Fees charged to advisory clients vary by account and are negotiated between the client and the advisor.
Unearned prepaid management fees are refunded pro-rata on terminated accounts.
Fees	for	Envestnet	Accounts
Full details about the fee schedule for Envestnet’s Programs and the fee calculations are available in Envestnet’s
Disclosure Brochure, which you will receive at the time you open your account. Clients in these programs pay a program
fee to Envestnet. A portion of that program fee will be paid to or retained by Maxim Financial Advisors, LLC. You may
also pay reasonable ticket charges for the transactions in your accounts.
Fees	for	Referrals	to	Third	Party	Managers
You should be aware that in a solicitor relationship, we will receive a solicitor fee, or referral fee paid by the
recommended Manager for the referral. The disclosure brochures of the Third Party Managers describe these fees. In a
subadvisory relationship, we will collect and retain a portion of the advisory fee but will remit a portion to the
subadvisory manager as compensation for providing advice on your account.

Potential	Conflicts	of	Interest
Because our Investment Advisor Representatives are also Registered Representatives of our affiliate, Maxim Group LLC,
they may have a conflict of interest in that they have a financial incentive to recommend additional products and
services to you. Please review Item 10 of this document for more information about this conflict of interest.

When we provide investment advice to you regarding your retirement plan account or individual retirement account, we
are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal
Revenue Code, as applicable, which are laws governing retirement accounts. The way we make money creates some
conflicts with your interests, so we operate under a special rule that requires us to act in your best interest and not put
our interest ahead of yours. Under this special rule’s provisions, we must:

        • Meet a professional standard of care when making investment recommendations (give prudent advice);

        • Never put our financial interests ahead of yours when making recommendations (give loyal advice);

        • Avoid misleading statements about conflicts of interest, fees, and investments;

        • Follow policies and procedures designed to ensure that we give advice that is in your best interest;

        • Charge no more than is reasonable for our services; and

        • Give you basic information about conflicts of interest.

Other	Information	about	Advisory	Fees
Our advisory fees are negotiable, at our discretion.
In addition to the advisory fee listed above, there may be an annual platform fee per account charged by the custodian.
This fee will be billed along with any transaction costs associated with the purchase and sale of securities in the account,
and any charges or expenses resulting from maintenance of the account. These fees are subject to change as dictated by
the custodian. Maxim Group LLC, an affiliate of Maxim Financial Advisers, may charge a fee directly to you or share in a
percentage of the fees collected by Pershing, LLC, custodian of your assets. For more information about these additional

fees, you should consult your Customer Agreement signed at the time your account was opened, or the annual
disclosure provided to you on your June calendar quarter-end account statement about fees which can be incurred. The
participation rates by Maxim group of such fees varies by type of fee.
Mutual funds and exchange traded funds have operating expenses which include a fee paid to an investment manager
or management team. Accounts holding mutual funds or exchange traded funds incur such fees, although these fees are
internal to the operation of mutual funds and are not separately billed to the client.
Termination
Either of us can terminate our agreement for any reason, by giving written notice to the other party. Notice given by the
client is effective upon receipt by the firm.
You have the right to terminate our services within five days of signing the client agreement. If you do so, you will
receive a refund of all pre-paid fees.
In the event of termination, the regular management fee is refunded pro-rata from the date of termination to the date
to which service has been prepaid.
...

Item	7	         Types	of	Clients
We provide investment advice to Individuals, Trusts, Estates, Corporations, Retirement Accounts, and other business
entities.
We have no minimum account size. The third party managers to which we refer your accounts may have minimum
account sizes. These account requirements are described more fully in the third party managers' disclosure documents.