Morling Financial Advisors LLC

Item 5. Fees & Compensation
Investment Management Fees
Investment management services are provided for an annualized fee which is prorated and billed quarterly, in arrears.
The fee is based on the value of assets on the final day of the quarter and the fee may be prorated up or down based
on intra-quarter contributions and distributions. Clients who hold alternative investments will be billed for the
alternative investments based on the most recent fair value provided by the third-party investment manager, which
may be adjusted for intra-quarter cashflows.
MFA typically deducts its investment management fees directly from client accounts quarterly, although clients may
request an invoice that can be paid by check. MFA’s standard fee schedule is as follows:

                       Assets Under Management                                Annualized Fee

                              $0 - $999,999                                        1.15%

FIRM BROCHURE

                        $1,000,000 - $1,999,999                                  0.75%

                        $2,000,000 - $4,999,999                                  0.65%

                        $5,000,000 - $9,999,999                                  0.60%

                         $10,000,000 and above                                   0.55%

It should also be noted that MFA has a minimum annual investment management fee of $15,000.

Financial Planning & Consulting Fees
Financial planning and consulting services are billed on a flat fee basis or an hourly basis.

         Flat Fee
         Flat fees are based on client complexity and the scope of the engagement. Flat fees typically consist of a
         recurring monthly fee, which can range from $150 to $5,000. MFA may require a retainer in some cases, but
         only for services that can be rendered within six months. Flat fees are generally billed and invoiced monthly,
         in advance.

         Hourly Fee
         MFA’s hourly fees are $400/hour for partners and advisors and $195/hour for data entry. Hourly fees are
         generally billed and invoiced periodically, in arrears.

Advisory Fees in General
Although MFA has established the aforementioned fee schedule(s), we retain the discretion to negotiate alternative
fees on a client-by-client basis. Client facts, circumstances and needs are considered in determining the fee schedule.
These include the complexity of the client, assets to be placed under management, anticipated future additional
assets; related accounts; portfolio style, account composition, reports, among other factors. The specific annual fee
schedule is identified in the contract between the adviser and each client. Discounts, not generally available to our
advisory clients, may be offered to family members and friends of associated persons of our firm. Lastly, pre-existing
advisory clients are subject to the advisory fees in effect at the time the client entered into the advisory agreement.
Therefore, our firm's minimum advisory fees differ among clients.

Other Fees and Expenses
MFA’s fees are exclusive of brokerage commissions, transaction fees, and other related costs and expenses which
shall be incurred by the client. Clients may incur certain charges imposed by custodians, brokers, third party
investment managers and other third parties such as fees charged by managers, custodial fees, 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. Please refer to the "Brokerage Practices" section (Item 12) of this Form ADV for
additional information.
Mutual funds, exchange traded funds, and other pooled investment vehicles also charge internal management fees,
which are disclosed in a fund’s prospectus and incurred by the client. Such charges, fees and commissions are exclusive
of and in addition to MFA’s fee, and MFA shall not receive any portion of these commissions, fees, and costs.

Refunds
MFA’s investment management and hourly fees are paid in arrears. If an agreement is terminated before the end of
a billing period, MFA will only bill for services provided up until the effective termination date.

Flat fees are typically paid in advance. In the event that an agreement is terminated before the end of a billing period,
MFA will continue to provide services, of which have been paid in advance, until the end of billing period. If MFA’s
services are not provided until the end of the billing period, the client will be issued a pro-rated refund based on the
amount of time remaining in the billing period.

FIRM BROCHURE

Compensation For the Sale of Securities
Neither MFA nor its supervised persons accept any compensation for the sale of investment products, including asset-
based sales charges or service fees from the sale of mutual funds.

Item 7. Types of Clients
MFA primarily serves individuals, high net worth individuals, couples, families, trusts, businesses, pension plans, and
non-profit organizations.
MFA’s stated minimum for investment management services is $2,000,000. In its sole discretion, MFA may accept
clients with smaller portfolios based upon each client’s particular circumstances. MFA reserves the right to waive the
minimum at any time.
New clients will generally pay a minimum of $500 per month while legacy clients may pay lower fees under prior
agreements.