Moran Wealth Management LLC

Item 5. Fees and Compensation
MWM offers wealth management and investment management services for fees based
upon assets under management. The Firm offers standalone financial planning and
consulting services (including the family office services) on an hourly or fixed fee basis.

Moran Wealth Management Investment and Wealth Management Fees
MWM offers investment management services for an annual fee based on the amount of
assets under the Firm’s management. For the majority of the Firm’s strategies, the
management fee varies between 10 and 125 basis points (0.10% - 1.25%), depending upon
the size and composition of a client’s portfolio, the type and amount of services rendered,
and the individual(s) providing the services. The firm offers custody services for select self-
directed accounts. When such relationships represent the client’s only relationship with
the firm, the firm may charge a custody fee of up to 10 basis points (0.10%). The fee can be
for a set percentage or a fee schedule with breakpoints. The Firm can also charge a lesser
fee for providing consulting services on assets rather than continuous and regular
supervision of the assets. This service is also called “assets under advisement.”
The annual fee is prorated and charged quarterly, in arrears, based upon the market value
of the average daily account balance as determined by a party independent from the Firm
(including the client’s custodian or another third-party). Additionally, for asset
management services the Firm provides with respect to certain client holdings (e.g., held-
away assets, accommodation accounts, alternative investments, etc.), MWM can negotiate a
fee rate that differs from the range set forth above. Clients are advised that a conflict of
interest exists for the Firm to recommend that clients engage MWM for additional services
for compensation, including rolling over retirement accounts or moving other assets to the
Firm’s management. Clients retain absolute discretion over all decisions regarding
engaging the Firm and are under no obligation to act upon any of the recommendations.

Financial Planning and Consulting Fees, Including Family Office Services
MWM charges a fixed and/or hourly fee for providing financial planning and consulting
services under a stand-alone engagement. These fees are negotiable, but are generally $100

per hour. Fixed fees that are collected in advance will be refunded based on the prorated
amount of work completed at the point of termination. For hourly fees that are collected in
advance, the fee refunded will be the balance of the fees collected in advance minus the
hourly rate times the number of hours of work that has been completed up to and including
the day of termination The terms and conditions of the financial planning and/or
consulting engagement are set forth in the Advisory Agreement. For project-based services
MWM requires one-half of the fee (estimated hourly or fixed) payable upon execution of
the Advisory Agreement. The outstanding balance is due upon delivery of the financial plan
or completion of the agreed upon services. Ongoing services are charged quarterly, in
arrears. The Firm does not, however, take receipt of $1,200 or more in prepaid fees, six or
more months in advance of services rendered.

Selection of Other Advisers / Fees
MWM may recommend or engage third-party investment advisers or sub-advisers to
manage all or a portion of a client’s account. These third-party managers may include First
Trust, Quantino, and other platform-based or independent sub-advisers. In such
arrangements, clients generally pay MWM’s advisory fee in addition to any fees charged by
the platform, sub-adviser, custodian, and/or other service providers, as applicable. The fees
associated with a particular arrangement are governed by the applicable sub-advisory,
platform, or custodial relationship and are disclosed in the relevant advisory agreements,
account documents, program materials, and third-party disclosure brochures. The terms
for termination and other applicable provisions will vary depending on the specific
manager or program selected.

Fee Discretion
MWM may, in its sole discretion, negotiate to charge a lesser fee based upon certain
criteria, such as anticipated future earning capacity, anticipated future additional assets,
dollar amount of assets to be managed, related accounts, account composition, pre-
existing/legacy client relationship, account retention, pro bono activities, or competitive
purposes.
Additional Fees and Expenses
In addition to the advisory fees paid to MWM, clients also incur certain charges imposed by
other third parties, such as broker-dealers, custodians, trust companies, banks and other
financial institutions (collectively “Financial Institutions”). These additional charges
include securities brokerage commissions, transaction fees, custodial fees, margin and
other borrowing costs, charges imposed directly by a mutual fund or ETF in a client’s
account, as disclosed in the fund’s prospectus (e.g., fund management fees and other fund
expenses), deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and
electronic fund fees, and other fees and taxes on brokerage accounts and securities
transactions. The Firm’s brokerage practices are described at length in Item 12, below.

Direct Fee Debit
Clients provide MWM with the authority to directly debit their accounts for payment of the
investment advisory fees. The Financial Institutions that act as the qualified custodian for
client accounts, from which the Firm retains the authority to directly deduct fees, have
agreed to send statements to clients not less than quarterly detailing all account
transactions, including any amounts paid to MWM. Alternatively, clients may elect to have
MWM send a separate invoice for direct payment.

Use of Margin
MWM can be authorized by clients to use margin in the management of the client’s
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Item 7. Types of Clients
MWM offers services to individuals, trusts, estates, charitable organizations, corporations
and other business entities, and pension and profit-sharing plans.

Minimum Strategy Requirements
MWM imposes a minimum portfolio value of $250,000, for starting and maintaining an
investment management relationship. As further described in Item 8, below, the Firm
manages client assets through strategies or model portfolios. There is a $100,000 minimum
per strategy / model portfolio. PBCM has a $100,000 minimum for the Concentrated Value
and Diversified Income Allocation Portfolios. MWM may, in its sole discretion, waive the

minimum. MWM only waives the minimum if the Firm determines the smaller size will not
cause a substantial increase of investment risk beyond the client’s identified risk tolerance.