Midwestern Securities Trading Company LLC

Item 5: Fees and Compensation — How our firm is compensated

       5. A. Our fee schedule: Portfolio Management fees are negotiable. Hourly fees are negotiable regarding the amount of time the
       representative will spend. The factors used to determine a negotiated fee are primarily the size of the account and/or overall
       household relationship and the service expectations. The investment advisory representative and the client(s) start with the de-
       fault schedule listed below and then engage in a conversation around service expectations and asset size to arrive at a rate both
       parties are comfortable with and then proceed accordingly. Other factors may be considered when rates are negotiated but
       primarily it is driven by asset size and service expectations. Portfolio management fees are debited by the custodian and paid to
       Midwestern Securities. Your IAR will be compensated with a portion of the portfolio management fees.

       The firm charges a $50 annual fee on non-discretionary IRA accounts held at NFS. This fee does not apply to discretionary fee-
       based accounts or accounts held at other custodians. Midwestern Securities receives a portion of this fee.

Revised 06/2026                                         Midwestern Securities Trading Company, LLC | Form ADV: Part 2a | Page 7 of 25

       Midwestern Securities Trading Company, LLC, the Investment Advisor, provides both financial planning and account
       supervisory management services to clients. The basic Schedules of Fees for managed accounts, assessed against assets under
       management, not including cash balances deposited in Federal Deposit Insurance Corporation (FDIC) insured multi-bank
       program, are below.

       Portfolio Management & Midwestern Securities                     401(K) Investment Management Services - 3(38)
       Lighthouse Portfolios
                                                   Fee (% of                                                         Fee (% of
         Account size                              assets under           Account size                               assets under
                                                   management)                                                       management)
         $0.00 to $999,999.99                       1.30%                 $0.00 to $9,999,999.99                      0.20%
         $1,000,000.00 to $4,999,999.99             1.05%                 $10,000,000.00 to $19,999,999.99            0.15%
         $5,000,000.00 to $9,999,999.99             0.85%                 $20,000,000.00 and over                     0.10%
         $10,000,000.00 and over                    0.55%

       401(K) Investment Management Services - non-3(38)
                                                    Fee (% of
        Account size                                assets under
                                                    management)           Intentionally left blank – reserved for future use by
        $0.00 to $2,999,999.99                      1.00%                 Midwestern Securities.
        $3,000,000.00 to $9,999,999.99               0.60%
        $10,000,000.00 and over                      0.40%

       Fees are Negotiable
       Advisory fees for the Managed Account Portfolio are negotiable and may be higher or lower than the standard advisory fee but
       such advisory fees may not exceed 2% annually. The factors used to determine a negotiated fee include, but are not limited to,
       the complexity of the client’s investment portfolio, the level of service required, and the anticipated amount of assets under
       management.

       To participate in the Beacon Portfolios, a client must have an account holding assets valued at at least $500. If the value of a
       client account does not meet this minimum, no advisory or wrap fees will be charged or accrued until the account value meets or
       exceeds this $500 minimum balance. Until the $500 minimum is met or exceeded, the account may remain open but will not be
       invested in the selected model portfolio. However, the annual maintenance charge of $40 will continue to be billed quarterly in
       $10 increments as stated below. Once the account reaches the $500 threshold, the account will then be invested and applicable
       fees will begin to accrue and will be billed accordingly, even if the balance falls below $500.00.

       Existing Advisory Client Relationships
       Advisory client relationships established prior to June 1, 2025, will continue to be billed under their current portfolio management
       fee schedule. Current advisory clients will not automatically transition to the new fee schedule unless agreed upon in writing.
       Clients have the option to renegotiate their advisory fees under the revised terms.

       Midwestern Securities bills for its compensation quarterly in arrears. The firm calculates the fees at the end of the quarter
       based on the period ending balance of the quarter, debited the month following the quarter’s end. By execution of the
       Agreement, the Client authorizes Advisor and National Financial Services, Inc. to debit directly and/or indirectly, the
       Investment Account known as or the elective Billing Account for the fees owed to the Advisor. A client may terminate the
       advisory contract before the termination date and receive a pro-rated refund. Cancellation of the agreement must be made in
       writing and will be effective thirty (30) days or sooner after receipt of written notice. Fees are negotiable.

       The Midwestern Securities Beacon Portfolios have an annual fee of $40, in addition to the annual advisory fee. This fee will
       be billed in $10 increments, quarterly, coinciding with the advisory fee charge and may be waived if the client’s assets
...

Item 7. : Types of Clients.

       Typically, our clients include high net worth and other individuals, and pension and profit-sharing plans. We are prepared to
       provide services to banks and credit unions, corporations and other businesses, charitable organizations, estates, and trusts.

       Midwestern Securities requires no minimum account size on accounts unless it is part of the Midwestern Securities Lighthouse
       Portfolios™ /wrap fee program. The account minimum is $25,000.00 for most qualified and non-qualified model portfolios. The
       account minimum is $50,000.00 for the Midwestern Securities Lighthouse Portfolios™ 50/50 Base/Fixed Income Taxable, the
       Midwestern Securities Lighthouse Portfolios™ 50/50 Base/Fixed Income Tax Advantaged, the Midwestern Securities Lighthouse
       Portfolios™ 50/50 Base/Diversified Growth, and the Midwestern Securities Lighthouse Portfolios™ 80/20 Base/ Diversified
       Growth for both qualified and non-qualified accounts. The account minimum for all Beacon Portfolios is $500.Envestnet, third
       party managers, do require minimum account sizes and it varies based on the portfolio program selected which is extensive;
       consult your investment advisory representative regarding specific account size requirements.