Phillips and Company Advisors LLC

Item 5 – Fees and Compensation
 This section provides additional details regarding Phillips Advisors’ services, fees, and
 compensation. Specific fee information is detailed above along with descriptions of the services
 provided.
 Phillips Advisors’ investment adviser representatives set fees for clients within ranges provided by the
 Firm. As a result, Phillips Advisors’ investment adviser representatives may charge clients more or
 less for the same service than the Firm’s other investment adviser representatives charge their clients.
 It should also be noted that lower fees for comparable service may be available from other sources.
 Client fees and other terms are outlined in the applicable services agreement between Phillips Advisors
 and its clients. You should review your account statements received from the qualified custodian(s) and
 verify that appropriate investment advisory fees are being deducted. The qualified custodian(s) will not
 verify the accuracy of the investment advisory fees deducted.
 If you choose to pay the fees after receiving a statement, fees are due upon your receipt of a
 billing notice sent directly to you. The billing notice will detail the formula used to calculate the fee, the
 assets under management and the time period covered. Fees for the services of our firm will be due
 immediately after your receipt of the billing notice.
 Any rebillable brokerage commissions and/or transaction ticket fees charged by brokers/custodians are
 billed directly to your account by the qualified custodian.
 In addition, clients may incur certain charges imposed by third parties other than Phillips Advisors in
 connection with investments made through their account including, but not limited to, surrender
 charges, variable annuity fees and surrender charges when liquidating such investments to be
 transferred to an account, IRA and qualified retirement plan fees, and charges imposed by the qualified
 custodian(s) of your account. Management fees charged by Phillips Advisors are separate and
 distinct from the fees and expenses charged by investment company securities that may be
 recommended to you. A description of these fees and expenses are available in each investment
 company security’s prospectus.

Item 7 – Types of Clients
 Phillips Advisors generally provides investment advice to the following types of clients:
         Individuals
         High net worth individuals
         Trusts, estates, or charitable organizations
         Corporations or business entities other than those listed above
 Minimum Investment Amounts Required: Phillips Advisors does not have minimum investment amounts
 or conditions required for establishing an account managed by Phillips Advisors except on the Thematic
 SMA program accounts. Accounts enrolled in the Thematic SMA program have a minimum investment
 requirement of $50,000 to $100,000 depending on the program selected.