Mutual Advisors LLC

ITEM 5 - FEES AND COMPENSATION
Fee Schedule & Billing Method

Investment Management Services
The annual management fee for our Investment Management Services is based on the complexity of your
financial situation, the services provided, the experience and standard of fees charged by your IAR, and
the nature and total dollar asset value of the assets maintained in your account. This fee is negotiable
with your IAR; therefore, fees vary from client to client. The fee assessed and/or charged is based on what
is stipulated in the Investment Advisory Agreement signed by each client. This may include a minimum
quarterly fee; however, it may be waived at the IARs discretion. Our firm does not require a minimum
account value for investment management services. It is up to each IAR whether they will impose their
own account minimum. If a minimum is imposed, accounts may be aggregated to meet the minimum.
Please see Item 7 for additional details.

Our annual fee ranges up to 2.00% annually and is assessed and/or charged quarterly or monthly in
advance, based on prior period-end value. Inflows and outflows of cash are considered on a prorated basis
in this calculation. Margin debits in accounts will decrease the fee calculated. Fees can be structured in
one of the following ways: a fixed flat percentage fee on total assets in the account, a tiered fee schedule
whereby the fee is calculated by applying different rates to different levels of assets or a linear fee
schedule where a breakpoint percentage fee is assessed to total assets in the account. Management fees
are typically debited directly from your custodial account. All clients will receive brokerage statements
from the custodian no less frequently than quarterly. The custodian statement will show the deduction of
the advisory fee.

American Funds F2 Direct Accounts
Our firm has an agreement to establish advisory accounts directly through American Funds in their F2
advisory share class funds. These advisory accounts are managed by our IARs on either a discretionary or
non-discretionary basis based on the clients’ individual needs, goals and objectives. The annual fee for
these accounts ranges from 0.25% up to 1.25% annually. These fees are calculated and debited by the
custodian quarterly in arrears based on an average daily balance of the account(s). Fees can be structured
in one of the following ways: a fixed flat percentage fee or a tiered fee schedule. The accounts are not
subject to any additional trading related fees through the American Funds platform. The client also
acknowledges and agrees to allow American Funds to liquidate mutual fund shares in order to cover any
applicable advisory or account service fees.

We discuss our discretionary authority below under Item 16 – Investment Discretion.

Third-Party Accounts
We have established agreements with various third-party money managers in varying capacities, including
the following: sub-advisory, co-advisory, TAMP and solicitor agreements. Our sub-advisory arrangements
are billed by Mutual, who pays the sub-advisor for their separate fee, which is disclosed in the fee
agreement. Our co-advisory, TAMP and solicitor agreements are billed by the third-party manager or
platform provider, who pays Mutual Advisors for our portion of the total fee, which is disclosed in the fee

Mutual Advisors, LLC 2A Brochure                    12                             Revised March 31, 2026

agreement. The total annual fee charged through these arrangements varies based on the money
manager selected and the services being provided. Clients should refer to the signed agreement for the
specific fee to be charged to the account, and the percentage that the third-party money manager and
Mutual Advisors will receive. Fees paid to us by third-party money managers are generally ongoing. Third-
party money managers and platforms who charge the fee from the account(s) establish and maintain their
own separate billing processes, which we have no control over. These processes may include billing either
monthly or quarterly, and either in advance or in arrears. This will be described in their separate written
disclosure documents.

All fees we receive directly from your accounts or from third-party money managers and the written
separate disclosures made to you regarding these fees comply with applicable state statutes and rules.
The separate written disclosures you need to be provided with include a copy of the third-party money
manager’s Form ADV Part 2, all relevant brochures and brochure supplements, a fee agreement detailing
the exact fee percentages paid to all parties and a copy of the third-party money manager’s privacy policy.
Neither the third-party money managers we recommend, nor Mutual Advisors, will directly charge you a
higher investment management fee than you would have been charged by either party through a direct
advisory relationship, but your total annual fee (including the fee we receive) may be higher. When
Mutual Advisors is acting in a solicitor capacity, this will clearly be indicated in the third-party account
agreement.

ERISA Plan Advisory & Consulting Services
Mutual Advisors charges fees for ERISA Plan Advisory & Consulting services based on a percentage of the
plan assets for which we provide services. The percentage assessed and/or charged is negotiable up to
1.00% annually. The frequency the fees are charged and assessed for on-going advisory services will be
no less than quarterly in advance or arrears, based on prior or current period ending value. Fees charged
for consulting services may be based on an hourly rate, percentage of assets or a flat fee. Fees for advisory
services can be structured in one of the following ways: a fixed flat percentage fee on total assets in the
account, a tiered fee schedule whereby the fee is calculated by applying different rates to different levels
...

ITEM 7 - TYPES OF CLIENTS
Mutual Advisors provides asset management, financial consulting, ERISA plan advisory & consulting,
investment advisory consultation, and selection of third-party money managers. Our services are provided
on a discretionary and non-discretionary basis to a variety of clients, such as institutional investors,
individuals, high net worth individuals, trusts and estates, qualified purchasers and individual participants
of retirement plans. In addition, we may also provide advisory services to entities such as pension and
profit-sharing plans, businesses, and other investment advisers.

Account Requirements
Our firm does not require a minimum account value of for investment management services. It is up to
each IAR whether they will impose their own account minimum. If a minimum is imposed, accounts may
be aggregated to meet the minimum.

For fee calculation purposes, unless instructed otherwise, we will automatically aggregate related client
advisory accounts, a practice commonly known as "householding" portfolios. Householding may result in
lower fees than if each account were billed separately, as the combined value is used to determine the
account size and the corresponding annualized fee breakpoints for tiered or linear fee schedules.

Our approach to householding considers the overall family dynamic and relationship. Additionally, if
applicable, and as noted in the Investment Advisory Agreement, legacy positions may be excluded from
active management and/or the fee calculation for aggregation purposes at Mutual’s discretion.

Clients who utilize our Third-Party Accounts program should review each manager’s Form ADV disclosure
brochure Item 7 – Types of Clients regarding account requirements.

Account requirements for clients participating in our wrap fee programs are described in our Wrap fee
Program Brochure, which is provided to all clients participating in the program and available upon request.