Millington Financial Advisors LLC

ITEM 5 - FEES AND COMPENSATION
In addition to the information provided in Item 4 – Advisory Business, this section details our Firm’s services and each
service’s fees and compensation arrangement. The Client and MFA’s Investment Advisory Agreement will outline and
agree upon the exact costs and other terms related to the Client’s Accounts.

INVESTMENT MANAGEMENT FEE

Our Firm offers investment management services for an annual fee based on the amount of assets under management.
Our maximum annual fee is 1.00%. We retain the right to waive the minimum account size at our discretion.
Our annual fee is reasonable in relation to (1) the services provided and (2) the fees charged by other investment advisers
offering similar services/programs.
Our annual fee is prorated and charged quarterly, in advanced, based on the value of the Client’s assets under
management as of the close of business on the last business day of the previous quarter. Cash and cash equivalents,
including money market funds, are subject to the agreed-upon advisory fee. Clients should understand that the advisory
fees charged on these balances may exceed the returns provided by cash, cash equivalents, or money market funds,
especially in low-interest rate environments.
Our Firm retains complete discretion to negotiate fees and may waive or impose different fees on any Client. The
investment advisory fees will be deducted from your account and paid directly to our Firm by the qualified Custodian(s) of
your account. The Client will authorize your account's qualified Custodian(s) to deduct fees from the account and pay such
fees directly to our Firm. All account assets, transactions, and advisory fees will be shown on the monthly or quarterly
statements provided by the Custodian. You should review your account statements received from the qualified
Custodian(s) and verify that appropriate investment advisory fees are being deducted. The qualified Custodian(s) will not
verify the accuracy of the investment advisory fees deducted. We may aggregate related Client accounts to calculate the

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advisory fee applicable to the Client. The investment management agreement will outline the fee charged to a Client and
any breakpoints based on the level of assets managed. The fees are subject to change with prior written notice to the
Client.
Our annual investment advisory fee may be higher than that of other investment advisers that offer similar services and
programs. In addition to our compensation, you may incur charges imposed at the mutual fund level (e.g., advisory fees
and other fund expenses).
Clients may terminate investment management services at any time and receive a full pro-rata refund of any unearned
fees.

LEGACY MANAGEMENT FEE

Managed legacy positions are included within our Firm’s standard investment management fee and are outlined in the
executed investment management agreement.

FINANCIAL PLANNING FEE

Our Firm may provide financial planning as part of our investment advisory services. We do not charge a separate fee for
financial planning. Any financial planning we provide to investment advisory Clients is included in, and covered by, the
Client’s investment advisory fee described above.
Because financial planning is not billed separately, there are no stand-alone financial planning agreements, invoices, or
payment methods, and there are no refunds or prorations specific to financial planning upon termination of the advisory
relationship. Our Firm does not require or solicit prepayment of more than $1,200 in fees per Client, six months or more
in advance.
Our financial planning services may vary in scope and complexity based on a Client’s needs and are provided at our
discretion as part of the advisory engagement. We do not currently offer financial planning as a separate, stand-alone
service.

TAX PLANNING SERVICE FEES

The fee for tax planning services is a maximum of $2,500, which may be waived at the advisor’s discretion. The fee is
dependent on the complexity and work involved in the tax planning. The fee for a custom tax analysis will be determined
based on the complexity of the client situation. A fee will be quoted and agreed upon before work commences. For
both services, the fee will be quoted and agreed upon before work commences. The fee is collected ½ up front and ½
upon delivery and review of the plan.

The fee for tax return preparation is based on time spent preparing the client returns and will be submitted to the client
for payment when the tax return is complete.
services provided, and the relationship of the Client and the investment adviser representative.

ESTATE PLANNING

The Firm may provide consultative estate planning services—such as reviewing existing estate documents, identifying gaps
or planning opportunities, discussing beneficiary designations and asset titling, and coordinating with the client’s attorney
and tax professional—as part of our investment advisory relationship. No separate fee is charged by the Firm for these
estate planning services. They are included within the client’s ongoing asset-based advisory fee described above.

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Estate planning services are only available to clients who maintain at least $1,000,000 in assets under management
(“AUM”) with the Firm. These services are not offered on a standalone basis and are not available to clients who do not
meet the AUM threshold.
The Firm does not draft legal documents and does not provide legal or tax advice. Clients are responsible for all fees and
expenses charged by their attorney, tax professional, or any other third party engaged to implement estate planning
recommendations. Such costs are separate from and in addition to the Firm’s advisory fee.
Because eligibility for no-additional-cost estate planning depends on maintaining at least $1,000,000 in AUM with the
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ITEM 7 - TYPES OF CLIENTS
Our Firm provides investment management, investment advice, financial planning and third-party portfolio management
to individuals, high-net-worth individuals and families, estates, corporations, retirement plans, trusts and foundations.
For fee calculation purposes, unless instructed otherwise, we will automatically aggregate related client accounts, a
practice commonly known as "householding" portfolios. Householding may result in lower fees than if each account were
billed separately, as the combined value is used to determine the account size and the corresponding annualized fee.
Our approach to householding considers the overall family dynamic and relationship. Additionally, if applicable, and as
noted in Appendix B of the Investment Management Agreement, legacy positions may be excluded from the fee
calculation.
Clients must execute a written agreement with our Firm specifying the advisory services to establish a Client arrangement
with us.