Morman Kaplan Brilliant and Fransko LLC

5. FEES AND COMPENSATION
               A. FINANCIAL PLANNING AND CONSULTING/PARTICIPANT CONSULTING ADVICE
                  PROGRAM
We offer our financial planning services on either a fixed or hourly fee basis. The differences are
discussed with the client prior to engagement.
Fixed Fee: The fixed fees range between $250 and $2,500. The fixed fee range varies and depends
upon the nature and complexity of each client’s individual circumstances. Each client’s financial
planning agreement shows what the client will be charged to complete the scope of services as
defined in the Agreement. The fixed fee rate is negotiable.
Hourly Fee: We assess an hourly rate ranging between $150 to $225 an hour for financial planning
services with a minimum of two hours per engagement. The hourly fee can be negotiated with the
client.
All fees for planning and consulting services are agreed upon in writing with the client in advance
of services. One-half of the agreed upon fee is due upon engagement and the remaining half due
upon delivery of the service or plan. We reserve the right to refund or waive our financial planning
fees for clients who use our portfolio management service. The client may pay the fees by check.
Termination of Financial Planning Services
The client may cancel the financial planning agreement for any reason during the first five (5)
business days from the date of signing the agreement and will receive a refund of 100% of all fees
paid without cost or penalty. After the first five (5) business days, written termination will result
in a pro-rated refund of any prepaid and unearned fees. For fixed fee financial planning services,
a pro-rated refund will be based upon a percentage of work completed. For example, if 25% of a
$2,000 fixed fee plan had been completed, the client will receive a $500 refund (1/2 of the 50%
paid upfront). For hourly financial planning engagements, the client will receive a pro-rated refund
based on the number of hours of work completed. For example, if a negotiated hourly fee plan was
for $1,000, with an hourly rate of $200, and one hour was completed, the client will receive a $300
refund ($500 or one half of $1,000 engagement was collected upfront minus $200 for one hour of
service equals a $300 refund). To cancel the Agreement, the client must notify us in writing at
Four Financial Management, LLC, 777 E. Eisenhower Pkwy., Suite 740, Ann Arbor, MI 48108,
and return any materials received to that date.

               B. PORTFOLIO MANAGEMENT SERVICES

Four Financial Management                      Page 6                           ADV Part 2A – 3/18/2026

For our portfolio management services, we charge an annualized management fee based on a
percentage of assets under management. The management fee is calculated and collected on a
quarterly basis in advance, except for the initial quarter of management. Our annual management
fee ranges between 0.25% - 1.50%. The fee is negotiable, based on the amount of client assets
under management and the complexity and nature of the portfolio management services. The
client may aggregate accounts to negotiate a lower fee.
The initial quarter’s management fee will be prorated for the number of days’ service was provided
during the quarter. However, initial quarter’s management fee will be collected at the end of the
quarter based on the quarter-end account value. Thereafter, the management fee will be calculated
on the account’s previous quarter-end value as reported by the account’s custodian.
Our management fee will be directly deducted from a client’s account. The client may choose
which account from which the management fee is deducted. Please see Item 15 for additional
details about our fee withdrawal ability.
Our management fee for the OMP and MWP accounts does not include brokerage commissions,
transaction fees, LPL’s fees, outside strategies’ fees and other related costs and expenses that are
normally incurred by the client. Clients may incur certain other charges imposed by custodians,
brokers, 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. Mutual funds and exchange traded
funds also charge internal management fees, which are disclosed in a fund’s prospectus. These
charges, fees and commissions are exclusive of and in addition to our fee and we will not receive
any portion of these commissions, fees, or costs. For more information about our brokerage
practice please see Item 12.A.
Termination of Portfolio Management Services
A client may terminate the Investment Management Agreement for any reason at any time and,
within the first five (5) business days after signing the contract, without any cost or penalty.
Thereafter, the contract may be terminated at any time by giving seven (7) days' written notice. To
cancel the Agreement, the client must notify us in writing at Four Financial Management, LLC,
777 E. Eisenhower Pkwy., Suite 740, Ann Arbor, MI 48108 and return any materials received to
that date. Because we charge in advance, any client that terminates his or her contract within a
quarter will receive a prorated refund of fees that is based on the amount of time elapsed during
the quarter. For example, if a client cancels on 45 days in to a 90-day quarter, the client will receive
a refund of 50% of the fees (45 days divided by 90 days equals 50%). Please note the prorated
refund may be adjusted for additional deposits and withdrawals to the advisory account within the
termination quarter. If permitted by the client’s custodian, the refund will be deposited into the
client’s account; otherwise the refund will be paid to the client by company check directly to the
client within 30 days of receipt of the termination notice.
RETIREMENT ROLLOVER CONFLICTS OF INTEREST
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7. TYPES OF CLIENTS
We offer our services to individuals, high net worth individuals, non-profit entities, trusts, qualified
retirement plans, pension & profit-sharing plans, corporations and other business entities, and
charities. We do not have a minimum account size requirement to become a client.