Midland Wealth Advisors LLC

Item 5 – Fees and Compensation
The following paragraphs detail the fee structure and compensation methodology for services provided by the
Advisor. Each Client engaging the Advisor for services described herein shall be required to enter into one or more
written agreements with the Advisor.

A. Fees for Advisory Services
Investment Management Services
Investment advisory fees are paid monthly, at the end of each monthly period, pursuant to the terms of the
investment advisory agreement. Investment advisory fees are based on the market value of assets under
management at the end of each month. Investment advisory fees are based on the following tiered fee schedule:

                 Assets Under Management ($)                Annual Rate (%)*
                 First $1,000,000                                1.00%
                 Next $2,000,000                                 0.80%
                 Next $2,000,000                                 0.60%
                 Over $5,000,000                                 0.50%
                                               Midland Wealth Management
                                        1201 Network Centre Drive Effingham, IL 62401
                                                  Phone: (312) 660-6516
                                           www.midlandsb.com/wealth-management

               *The Advisor imposes a minimum fee of $500 or the fee schedule above, whichever is greater.

Certain legacy accounts will continue to be charged the account minimum in accordance with the Form ADV in
effect at the time the account was established, which was generally $1,000.

For Clients with assets under management of $10,000,000 or more, Clients will be subject to the following fee
schedule.

                Assets Under Management ($)          Annual Rate (%)*
                First $10,000,000                           0.60%
                Next $15,000,000                            0.40%
                Over $25,000,000                            0.25%
               *The Advisor imposes a minimum fee of $500 or the fee schedule above, whichever is greater.

Fixed Income Strategy – If the Advisor manages an account of the Client’s assets under its fixed income strategy,
the fees for fixed income strategy will be reduced by 50% from the standard fee schedule listed above. If only a
portion of the Client’s assets are managed under the fixed income strategy, the standard fee schedule will apply.
This arrangement creates a potential conflict of interest; however, the conflict is mitigated by ensuring that
investment recommendations are based solely on the Client’s needs and objectives.

The investment advisory fee in the first month of service is prorated from the inception date of the account[s] to the
end of the first month. The Client’s fees will take into consideration the aggregate assets under management with
the Advisor. MWM will consolidate accounts by household to determine the total market value of the household
accounts for investment advisory fee calculations. All securities held in accounts managed by MWM will be
independently valued by the Custodian. The Advisor will conduct periodic reviews of the Custodian’s valuations.

Although MWM has established the aforementioned fee schedule; the Advisor retains the discretion to negotiate
alternative fees on a Client-by-Client basis. Client circumstances, facts and needs are considered in determining
the fee schedule. These include, but are not limited to, the complexity of the Client, amount of assets under
management, related accounts, portfolio style, account composition, reports and other factors. The specific fee
schedule is identified and agreed upon in the investment advisory agreement.

Administrative Account Services –An annual fee of 0.25% will be assessed on all assets held in the account for
these services and subject to a minimum annual fee of $500 for non-managed accounts to cover the costs of
technology, reporting software, and related overhead. Fees are based on the market value of assets and are billed
monthly at the end of each monthly period. Services are subject to negotiation based on the appropriateness of the
services rendered.

The Advisor’s fee is exclusive of, and in addition to any applicable securities transaction and custody fees, and
other related costs and expenses described in Item 5.C below, which may be incurred by the Client. However, the
Advisor shall not receive any portion of these commissions, fees, and costs.

Use of Independent Managers
As noted in Item 4, the Advisor may implement all or a portion of a Client’s investment portfolio utilizing one or more
Independent Managers. To eliminate any conflict of interest, the Advisor does not earn any compensation from an
Independent Manager. The Advisor will only earn its investment advisory fee as described above. The Advisor will
allocate a portion of the advisory fee collected to the Independent Manager pursuant to the terms of the executed
agreement between the Advisor and the Independent Manager.

Financial Planning Services
MWM offers financial planning services either on an hourly basis or a fixed engagement fee. Hourly fees range
from $125 to $300 per hour. Fixed fee engagements are based on the expected number of hours to complete the
engagement at the negotiated hourly rate. Fees may be negotiable based on the nature and complexity of the
                                              Midland Wealth Management
                                       1201 Network Centre Drive Effingham, IL 62401
                                                 Phone: (312) 660-6516
                                          www.midlandsb.com/wealth-management

services to be provided and the overall relationship with the Advisor. An estimate for total hours and/or total costs
will be provided to the Client prior to engaging for these services.

B. Fee Billing
Investment Management Services
...

Item 7 – Types of Clients

MWM offers investment advisory services to individuals, high net worth individuals, trusts, banks, estates, not-for-
profit entities, and businesses. MWM generally requires a minimum account size of $50,000. MWM also imposes a
minimum fee of $500 or the fee schedule disclosed in Item 5A, whichever is greater. However, certain investment
strategies and investment vehicles may have minimums.