Modern Financial Planning LLC

Item 5: Fees and Compensation
Advisory Fees
How we are paid depends on the type of advisory service we provide. Please review the fee and
compensation information below. Fees may be negotiable in certain cases based on factors such as
the complexity of your financial situation or total assets under management. Complexity considers
various factors of the client’s financial circumstances, such as income, assets, liabilities, marital and
family status, employment status, and number of financial areas that need to be addressed. In addition,
we reserve the right to offer fee waivers or discounts at our sole discretion. Therefore, some clients could
pay different fees than the fee schedules shown below. Your exact fee and other terms will be outlined
in your advisory agreement.

Investment Management Services
For Investment Management Services, our standard advisory fee is based on the market value of the
assets under management as of the last day of the calendar quarter, paid in arrears on a quarterly
basis. Accounts initiated or terminated during a calendar quarter will be charged a prorated fee based
on the amount of time remaining in the billing period. The fee calculated as follows:

                            Account Value                  Annual Advisory Fee
                              First $500,000                     1.20%
                             Next $500,000                       0.90%
                            Next $1,000,000                      0.80%
                            Next $1,000,000                      0.70%
                        Assets Above $3,000,000                  0.35%

This is a blended tier fee schedule, which means that different fees are applied to the predefined levels
of assets as shown in the above chart, resulting in a combined weighted fee. For example, an account
valued at $3,000,000 would pay a fee equal to 0.85% of assets under management with the annual fee
being $25,500. The quarterly fee is determined by the following calculation: ($500,000 x 1.20%) +
($500,000 x 0.90%) + ($1,000,000 x 0.80%) + ($1,000,000 x 0.70) ÷ 4 = $6,375. No increase in the annual fee
shall be effective without consent from the client by signing a new advisory agreement or amendment
to their current agreement.
Fees for this service are typically directly debited from the client’s accounts, or the client may choose
to pay by electronic funds transfer or check. When we directly debit our fee, the fee will be deducted
from your brokerage account and paid to us by the qualified custodian that holds your account. You
will authorize the custodian to deduct fees from your account and pay them to us. However, the
custodian does not verify the accuracy of the fees deducted. If you have any questions or concerns
about fees deducted from your account, you are urged to contact us immediately.
Fees are calculated on the fair market value of your investment portfolio as of the last day of the
calendar quarter. Because this service is provided on a discretionary basis, the fee is calculated on all
assets held in your account, including cash and cash equivalents. Your portfolio will typically hold
investment options that are regularly traded on an open exchange with an observable market value,
which is used to calculate our fee. The custodian provides the valuation of these securities. In the rare
event your portfolio includes a holding which does not have an observable market value, we will use
accepted industry methods for determining a fair market value for such a holding. If you dispute our
fair market valuation analysis, you can provide us with additional information to substantiate a different
fair market value.
Investment Management Services may be terminated with written notice at least 30 calendar days in
advance. Your final fee will be prorated based on the number of days services are provided during the
final billing period, up to and including the termination date, and will be calculated on the amount of
assets under management on the termination date. Since fees are paid in arrears, no refund will be
needed upon termination.
We provide Investment Management and Comprehensive Financial Planning Services for a single,
combined fee. Generally, clients with less than $500,000 in assets under management are charged our
Comprehensive Financial Planning Services fee, as outlined below, and receive Investment
Management Services at no additional cost. This is unless an exception is made where only the
Investment Management Services fee would apply and the Comprehensive Financial Planning Services
fee would be waived. Clients with $500,000 or more in assets under management are charged
according to our Investment Management Services fee schedule, and Comprehensive Financial
Planning Services are included at no additional cost. As a client’s assets grow, once the $500,000
threshold is met, the fee structure will transition to the Investment Management Services fee schedule.
The applicable fee arrangement will be disclosed and agreed upon in an updated advisory
agreement or an amendment to the agreement.

Comprehensive Financial Planning Services
The fees for our Comprehensive Financial Planning Services consist of an upfront charge, typically
ranging from $500 to $2000, and an ongoing fee, typically ranging from $500 to $700 per month or
$1,500 to $2,100 per quarter, paid in arrears. The fees are based on the complexity and needs of the
client. The upfront portion of the fee is for client onboarding, data gathering, and setting the basis for
the financial plan. This work will commence immediately after the fee is paid and will typically be
completed within the first 90 days of engagement. Therefore, the upfront portion of the fee will not be

paid more than six months in advance. Your specific fee will be discussed with you prior to engagement
and will be set forth in the advisory agreement you sign. Fees for this service may be paid by electronic
funds transfer or check.
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Item 7: Types of Clients
We generally provide our Investment Management and Financial Planning Services to individuals
(including high net worth individuals). We do not require a minimum amount of investable assets to
receive our services.