Mid-American Wealth Advisory Group Inc

Item 5 – Fees and Compensation

Asset Management Fees
Fees are paid monthly in arrears and will generally not exceed 1.25% of assets under management as outlined in
the chart below, unless the scope, complexity, amount of time or expertise required warrant a higher fee. Our
standard advisory account fees are billed monthly in arrears based on the average daily balance of the assets under
management during each month. The authorization for direct deduction of fees will be contained in our written
investment advisory agreement.

              Total Assets                  Annual Fee

              $0 - $249,999.99              1.25%

              $250,000 - $499,999.99        1.10%

              $500,000 - $999,999.99        1.00%

              $1,000,000 - $1,999,999.99 0.95%
              $2,000,000- $2,999,999.99 0.90%

              $3,000,000 - $4,999,999.99 0.80%
              Over $5,000,000               0.70%

   •   Clients will receive at least 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 billing cycle.

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

   •   Client shall be given thirty (30) days prior written notice of any change in fees.

 ADV 2A – Firm Disclosure Brochure

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

Mutual Fund Share Class Disclosure and Fiduciary Duty (12b-1 Fees)
Section 206 of the Investment Advisers Act of 1940 (“Advisers Act”) imposes a fiduciary duty to act in a client’s
best interests and specifically prohibits investment advisers, directly or indirectly, from engaging in any
transaction, practice, or course of business which operates as a fraud or deceit upon any client or prospective
client. However, the fiduciary duty to which advisers are subject is not specifically defined in the Advisers Act
or the Commission rules but reflects a Congressional recognition “of the delicate fiduciary nature of an investment
advisory relationship” as well as a Congressional intent to eliminate, or at least expose, all conflicts of interest
which might incline an investment adviser, consciously or unconsciously, to render advice which was not
disinterested. When selecting a mutual fund for a client’s advisory account, the investment advisor representative
has a fiduciary duty to select the share class that helps manage the overall fee structure of the account.

   • Compensation for Sales of Securities
Mid-American Wealth Advisory Group 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 the management services of Mid-American Wealth Advisory Group 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 Mid-American Wealth Advisory Group and a Client may be cancelled at any time and billing
will be stopped as soon as reasonable efforts allow. We will be entitled to a pro rata fee for the days that service
was provided in the final month. Clients will be given this brochure form ADV Part 2A in advance of signing an
agreement or they will have five business days to unconditionally cancel the agreement.

Insurance Products Compensation
Some Mid-American Wealth Advisory Group advisor who are licensed as insurance agents, receive commissions
and other compensation from insurance companies and insurance intermediaries for the sale of insurance products.
Commission rates differ from product to product and carrier to carrier. In addition to commissions, Mid-American

 ADV 2A – Firm Disclosure Brochure

Advisory Group and its representatives also receive marketing support, sales incentive bonuses, reasonable meals
and entertainment, and costs to attend training, conferences, and events hosted by insurance companies and third-
party marketing organizations that are contracted with and receive compensation from the insurance company.
Insurance commissions and other benefits are significant sources of compensation and are paid separately from
advisory fees on assets in a client’s managed securities account. Commissions are generally paid up-front, at the time
of sale, unlike asset-based fees which are paid periodically over the course of the relationship. This amount and form
of insurance compensation creates a conflict of interest in that investment advisor representatives in their individual
capacity as insurance agents are incentivized to recommend insurance products based on the compensation received
rather than on a client’s needs.

Investment Advisor Representatives in their individual capacity of insurance agents are not required to offer the
products of a specific insurance company. Any compensation received is separate from and does not offset regular
advisory fees. Mid-American Wealth Advisory Group will not charge advisory fees on any insurance products.
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Item 7 – Types of Clients
The advisory services offered by Mid-American Wealth Advisory Group are available for individuals, individual
retirement accounts (“IRAs”), pension and profit-sharing plans, trusts, estates and other business entities.

 ADV 2A – Firm Disclosure Brochure