Provenance Wealth Advisors LLC

ITEM 5 – FEES AND COMPENSATION
PWA’s standard annual advisory fee is [.4 – 1.50%] of assets under management, charged quarterly in
advance (RJ), or monthly in arrears (Fidelity & Schwab). The fee is the same whether your account is
maintained at Raymond James, Schwab or at Fidelity.
•     Raymond James accounts: Clients pay applicable transaction, execution, custody, and other
      account-level charges separately from PWA’s advisory fee, as disclosed by Raymond James.
•     Fidelity and Schwab non-wrap accounts: Clients pay applicable transaction, execution, custody,
      and other account-level charges separately from PWA’s advisory fee, as disclosed by the custodian.
•     Schwab wrap accounts: The asset-based wrap fee covers custody, advisory, and execution costs.
      Fees Not Included: However, trades executed “away” from Schwab may incur additional costs
      (mark-ups, commissions, or ticket charges) that are not covered by the wrap fee. Exchange Process
      Fees (IPFs) passed to Schwab by the SEC are included in Advisor Billing, and are paid by the client.
      Clients should carefully review whether the wrap or non-wrap structure is more cost-effective based
      on expected trading activity and other circumstances.

    Provenance Wealth Advisors – Form ADV Part 2A
     Aug 1, 2026 Rev.                                                                                         7

Portfolio Management Services
                                         PWA Advisory Fee Schedule
                                 Fee-Based Relationship Value    Annualized Fee
                                 Up to $500,000                      1.50%
                                 $500,000 up to $1,000,000           1.25%
                                 $1,000,001 up to $3,000,000         1.00%
                                 $3,000,001 up to $5,000,000         0.85%
                                 $5,000,001 up to $10,000,000        0.70%
                                 10,000,001 up to $35,000,000        0.55%
                                 $35,000,001 up to $50,000,000       0.45%
                                 $50,000,001 and up                  0.40%

If you decide to engage PWA for portfolio management services, we will charge an annual fee
based on a percentage of the market value of the assets being managed. This fee is negotiable, at
our discretion, and based on, among other things, the account's complexity, the level of service
provided by the advisor, and other factors related to the overall client relationship. Accordingly, the
exact fee to be charged to the Client will be discussed and clearly stated in the Investment
Management Agreement signed by the Client. Our advisory fees may vary based on the
custodian selected by the client. For example, clients using Raymond James may be charged a
higher advisory fee that includes most transaction costs, whereas clients using Charles Schwab may
pay a lower advisory fee but incur separate transaction charges. While the investment strategy may
be substantially similar, differences in total client costs reflect the pricing structure of the custodian.
The Firm provides investment advisory services to certain related persons, including officers,
owners, directors, and employees of the firm, as well as their immediate family members, at reduced
or no cost. The firm applies its Code of Ethics, supervising these accounts consistent with regulatory
requirements. Clients may choose the payment method for our fees. Clients have the option to
authorize us to deduct our fees from Client’s investment account, or to have us invoice the Client for
direct payment to us. If Client chooses to have our fee deducted from their investment account,
Client must provide authorization in our investment management agreement to deduct fees. Client
will receive a statement from the qualified custodian showing all transaction history, including
deduction of our fee. Please review each statement for accuracy. If client elects to be invoiced
instead, Client may pay our fees by check or by credit card via the payment center on our
website. Payment in full is expected upon receipt of invoice. Fees are calculated and billed as
specified in the Investment Management Agreement. As the billing method varies from Client to
Client, fees are calculated and billed quarterly, and either in advance or in arrears. Billing
calculations are based on the value of your portfolio on the last business day of the preceding
month or quarter, as specified in the Investment Management Agreement.
PWA also offers flat rates and hourly fees. The exact fee to be charged to the Client will be clearly
stated in the Investment Management Agreement signed by the Client. At the inception of
investment management services, the initial fees will be calculated on a pro-rata basis for a partial
month or quarter. The Investment Management Agreement between PWA and the Client will remain
in effect until either party terminates the relationship as provided by the terms of the Agreement. For
Clients billed in advance, upon the termination of an account, any prepaid, asset-based fees will be
prorated according to the days the account was opened during the billing period, and excess fees will
be refunded to the Client. For Clients billed in arrears, termination of the contract will not affect any
liabilities or obligations of the parties from transactions initiated before the termination of this
Agreement or the Client's obligation to pay advisory fees in arrears, which will be prorated according
to the days the account was open during the billing period (through the date in which termination is
effective). Our investment management fee is separate from, and in addition to, brokerage
commissions, transaction fees, and other related costs and expenses which will be incurred by the
Client. Please see Item 12 – Brokerage Practices for further information on brokerage and transaction
costs.
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ITEM 7 – TYPES OF CLIENTS
We offer investment advisory services to individuals, high net worth individuals, pension and profit-
sharing plans and plan participants, trusts, estates, charitable organizations, corporations,
municipalities, and other business entities.