Midwest Capital Advisors LLC

Item 5: Fees and Compensation

        We have updated our disclosure to include the calculation and billing of annuity-related
advisory fees. Annuity advisory fees are calculated using the same annualized fee rate specified in
the client’s agreement and are applied to the principal value of the client’s annuity contract. These
fees are generally deducted directly from the annuity contract, to the extent permitted by the
contract terms, or from a client-designated taxable account.

        We have further updated our disclosures to clarify a potential conflict of interest associated
with recommending a Section 1035 exchange of an existing annuity. Specifically, if a client accepts
such a recommendation, we will earn advisory fees on the annuity’s principal value that would not
otherwise be earned if the annuity were not managed by our firm.

Additional Information

        You may request a copy of our current Brochure and supplements, free of charge, by
contacting our office at 616-454-9600 or info@midwestcap.com. The SEC’s website also provides
information about any persons affiliated with us who are registered, or are required to be registered,
as one of our investment adviser representatives of our firm.

Material Changes
Part 2 of Form ADV                                1                  Midwest Capital Advisors, LLC

Item 7 – Types of Clients

        We provide investment management services to individuals, high net worth individuals,
corporations, businesses, plan participant retirement accounts, trusts, charitable organizations,
profit-sharing plans, public institutions, 401(a) plans, 401(k) plans, 403(b) plans, 457 plans,
cash-balance plans, and other tax-deferred retirement plans.

        We do not have strict minimum account size restrictions for our wealth management
clients, but we do reserve the right to charge a minimum annual fee of $5,000 on all or some
accounts, which will tend to discourage smaller accounts. In such cases, if the fee charged on a
percentage basis is greater than the minimum fee, the annual fee will be based solely on a
percentage of assets under management. For more information about our fees see Item 5 – Fees
and Compensation above.