O'Donnell Financial Services LLC

Item 5: Fees & Compensation

    How We Are Compensated for Our Advisory Services

    Wrap Asset Management:

    For a description of our Wrap Asset Management services and fees, please refer to item 4 within our
    firm’s Part 2A, Appendix 1 (the “Wrap Fee Program Brochure”).

    Financial Planning Services:

    We charge on an hourly basis or a flat fee basis for financial planning and consulting services. Fees
    vary based upon the scope and complexity of our engagement with you. Our hourly fees are $450 for
    financial advisors, $200 per hour for para-planners and $85 for administrative time. Flat fees
    generally range from $1,500 to $10,000.

    We require full payment of our financial planning or consulting fee in advance (100%). In all cases,
    we will not require a retainer exceeding $1200 when services cannot be rendered within 6 (six)
    months.

    Retirement Planning Services:

    We charge on an hourly or flat fee basis for retirement planning services. Fees vary based on the
    scope and complexity of our engagement with you. Our hourly fee is $350. Our flat fees generally
    range from $750 to $10,000. Flat fees will be charged annually for ongoing retirement planning
    services.

    We require full payment of our retirement planning services engagement (100%) to be paid in
    advance. In all cases, we will not require a retainer exceeding $500 when services cannot be
    rendered within six (6) months.

    For ongoing consulting services, fees will be billed quarterly via invoice to the client and shall be paid
    within ten (10) days of the invoice date.

ADV Part 2A – Firm Brochure                         Page 6                              O’Donnell Financial Services LLC

    The fee-paying arrangements for retirement planning services will be determined on a case-by-case
    basis and will be detailed in the signed Retirement Planning Services Agreement. The client will be
    invoiced directly for the fees.

    General Information

    O’Donnell Financial Services, LLC may invest a portion of your assets in mutual funds, exchange
    traded funds and charge an investment management fee on your assets invested in these securities.
    Therefore, you may pay two levels of fees for the management of your assets: one directly to
    O’Donnell Financial Services, LLC and one indirectly to the managers of the mutual funds, exchange
    traded funds held in your portfolios. Our management fees for advisory services are separate and
    distinct from the fees and expenses charged by the funds recommended to you. A description of these
    fees and expenses is available in each mutual fund and annuity prospectus. The ongoing fee for our
    management services may cost you more than if your assets were held in a traditional brokerage
    account. In addition, you may be able to obtain similar services for a lesser fee from other advisors.

    Generally, our policy prohibits imposing an asset-based fee for 18 months on certain products. If an
    alternative investment product is purchased at NAV (in other words, purchased for no commission),
    then that alternative investment product may be held in an advisory account and be subject to an
    asset-based fee.

    If your representative recommends a product previously purchased in a commission-based account
    be transferred into an advisory account, the recommendation may be deemed to be a conflict of
    interest. We manage this conflict through written disclosure to you and by imposing reasonable
    controls designed to monitor this activity.

    Other Types of Fees & Expenses

    Transaction Costs. Wrap clients will not incur transaction costs for trades. For more information,
    please refer to our Wrap Fee Program Brochure.

    Sub-Advisory Wrap Asset Management Services. There will be additional fees associated with
    any sub-advisor wrap asset management services. Please see the Wrap Fee Program Brochure for fee
    information.

    Deduction of Client Fees. Fees are generally deducted directly from the client’s account. Clients
    must provide the custodian with written authorization to have fees deducted from their account and
    paid to us. The custodian will send client statements, at least quarterly, showing all disbursements
    for the account including the amount of the wrap management fee, if deducted directly form the
    account (please refer to Item 13 – Review of Accounts for more information regarding client
    statements).

    Termination & Refunds

    Wrap Asset Management Agreements. Asset management agreements may be terminated by
    either party at any time. If services are terminated during a quarter, fees are pro-rated based on the
    period we managed the assets prior to termination. The date of termination plus 30 days will be used
    to calculate the final fee payment. Upon termination we will have no obligation to recommend or
    take any action with regard to the securities, cash, or other investment in your account(s). All
    terminations must be made in writing.

ADV Part 2A – Firm Brochure                       Page 7                             O’Donnell Financial Services LLC

    Sub-Advisor Agreements. Services will terminate upon one of the following: 1) one party providing
    written notice of termination of the Agreement to the other party; 2) Client transferring or closing all
    of Client’s Accounts to which the Agreement applies; or 3) Client removing either Sub-Advisor or IAR
    from all of Client’s Accounts to which this Agreement applies. Pro-rated advisory fees for services
    rendered to the point of termination plus 30 days will be charged. If advisory fees cannot be deducted,
    our firm will send an invoice for due advisory fees to the client. Upon termination of the Agreement,
    Sub-Advisor nor the Company will have no obligation to recommend or take any action regarding the
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Item 7: Types of Clients & Account Requirements

    We have the following types of clients:
       • Individuals and High Net Worth Individuals;
       • Pension and Profit Sharing Plans;
       • Trusts, estates and charitable organizations; and
       • Corporations or business entities other than those listed above.
ADV Part 2A – Firm Brochure                        Page 8                              O’Donnell Financial Services LLC

    We do not impose requirements for opening and maintaining accounts for clients utilizing our Wrap
    Asset Management services. Depending on the chosen sub-advisor, the selected sub-advisor may
    have requirements for opening and maintaining accounts. Requirements for opening and
    maintaining accounts will be detailed within the sub-advisory firm documents.