Moore Financial Advisors Ltd

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 a written
agreement with the Advisor.

A. Fees for Advisory Services
Wealth Management Services
Wealth management fees are paid at the end of each calendar quarter pursuant to the terms of the wealth
management agreement. Wealth management fees are based on the market value of assets under management
at the end of the quarter. Wealth management fees are based on the following schedule:

                  Assets Under Management ($)                 Annual Rate (%)

                  First to $1,000,000                                1.00%

                  Next to $3,000,000                                 0.75%

                  Over $3,000,000                                    0.50%

The wealth management fee in the first quarter of service is prorated from the inception date of the account[s] to
the end of the first quarter. Fees may be negotiable at the sole discretion of the Advisor. The Client’s fees will
take into consideration the aggregate assets under management with the Advisor. All securities held in accounts
                                              Moore Financial Advisors, Ltd.
                                     83 Leonard Street Office #9 Belmont, MA 02478-2505
                                                   Phone: (617) 393-9999
                                                 https://mooreadvisors.com/

managed by MFA will be independently valued by the Custodian. The Advisor will conduct periodic reviews of the
Custodian’s valuation to ensure accurate billing.

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. The Advisor
will conduct periodic reviews of the Custodian’s valuations.

Financial Planning Services
MFA offers financial planning services as part of its overall wealth management fee. The Advisor also offers
financial planning services as a stand-alone service on an hourly basis or for a fixed engagement fee. Hourly
services are charged at $350 per hour. Fixed engagement fees typically range from $3,500 - $6,000. Fees may
be negotiable based on the nature and complexity of the services to be provided and the overall relationship with
the Advisor. An estimate for total hours and overall costs will be provided to the Client prior to engaging for these
services.

College Planning Services
MFA offers college planning services as part of its overall wealth management fee. The Advisor also offers
college planning services as a component of its stand-alone financial planning services on an hourly basis.
Hourly services are charged at $350 per hour. An estimate for total hours and overall costs will be provided to the
Client prior to engaging for these services.

B. Fee Billing
Wealth Management Services
Wealth management fees are calculated by the Advisor or its delegate and deducted from the Client’s account[s]
at the Custodian. The Advisor shall send an invoice to the Custodian indicating the amount of the fees to be
deducted from the Client’s account[s] at the respective quarter end date. The amount due is calculated by
applying the quarterly rate (annual rate divided by 4) to the total assets under management with MFA at the end
of each quarter. Clients will be provided with a statement, at least quarterly, from the Custodian reflecting
deduction of the wealth management fee. Clients are urged to also review and compare the statement provided
by the Advisor to the brokerage statement from the Custodian, as the Custodian does not perform a verification
of fees. Clients provide written authorization permitting advisory fees to be deducted by MFA to be paid directly
from their account[s] held by the Custodian as part of the wealth management agreement and separate account
forms provided by the Custodian.

Financial Planning Services / College Planning Services
Financial planning fees may be invoiced up to fifty percent (50%) of the expected total fee or $500, whichever is
less upon execution of the financial planning agreement. The balance shall be invoiced upon completion of the
agreed upon deliverable[s].

C. Other Fees and Expenses
Clients may incur certain fees or charges imposed by third parties, other than Moore Financial Advisors, Ltd. in
connection with investments made on behalf of the Client’s account[s]. The Client is responsible for all securities
execution fees and custody fees charged by the Custodian if applicable. The fees charged by MFA are separate
and distinct from these custody and execution fees.

In addition, all fees paid to MFA for investment advisory services are separate and distinct from the expenses
charged by mutual funds and ETFs to their shareholders, if applicable. These fees and expenses are described
in each fund’s prospectus. These fees and expenses will generally be used to pay management fees for the
funds, other fund expenses, account administration (e.g., custody, brokerage and account reporting), and a
possible distribution fee. A Client may be able to invest in these products directly, without the services of MFA
but would not receive the services provided by MFA which are designed, among other things, to assist the Client
in determining which products or services are most appropriate for each Client’s financial situation and
objectives. Accordingly, the Client should review both the fees charged by the fund[s] and the fees charged by
MFA to fully understand the total fees to be paid. Please refer to Item 12 – Brokerage Practices for additional
information.
                                             Moore Financial Advisors, Ltd.
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Item 7 – Types of Clients

MFA offers wealth management services and financial planning services to individuals, families, trusts, and
estates in the Commonwealth of Massachusetts and other states. The amount of each type of Client is available
on MFA’s Form ADV Part 1A. These amounts may change over time and are updated at least annually by the
Advisor.

MFA generally requires a minimum relationship size of $500,000 to effectively implement its investment process.
This minimum relationship size may be waived at the sole discretion of MFA.