Providence Financial Advisors LLC

Item	5	–	Fees	and	Compensation

Ongoing Portfolio Management/Advisory Fees

Fees for portfolio management are calculated based on the asset level at the end of each
month or quarter, depending on contract terms. Fees are negotiated prior to the
engagement and generally range from 1.50% to 0.25% depending on various factors (e.g.
level of service to be provided, amount of assets to be managed, location, complexity of the
engagement, etc.)

Family accounts are aggregated for fee purposes. Fees are generally due quarterly in
arrears and deducted from the account, although clients may elect to receive direct billing.

Fees for partial quarters for new and terminated accounts are prorated and adjusted based
on the number of days assets are under management subject to the terms of the client
agreement. For accounts charged in advance, client may terminate with 30 days written
notice and unearned fees will be refunded on a pro rata basis subject to the notice
provision. Fees may also be adjusted at the firm’s discretion for cash flows into or out of an
account based on the number of days assets are under management subject to the terms of
the applicable client agreement.

All management fees paid to PFA are separate and unrelated to any fees or expenses
assessed by mutual funds or exchange traded funds. Information pertaining to fund-
generated fees and expenses can be found in mutual fund and exchange traded fund
prospectuses. Management fees paid to PFA are also separate from any platform fee or
trade commission charged by an account custodian or broker-dealer, although trade
commissions may at times be paid by PFA at the firm’s discretion. Outside manager fees
may be included in the quoted fee or may be separate, but when separate must be
approved by the client in advance. Outside manager fees may or may not include trade
commissions or other trading costs, depending on the manager and platform used.

Information about outside manager fees and trading costs can be found in the applicable
outside manager’s Form ADV Part 2 Disclosure Brochure which is available upon request.

Project Oriented Financial Planning/General Consulting

Fees for project oriented engagements are generally charged at a rate of $150 per hour, but
will be agreed upon in advance. The fees are payable upon completion of the project or
according to the schedule agreed upon prior to commencement of the project.

Retirement Plan Services

Fees for defined contribution plan services provided to businesses are generally quoted
based on assets advised or are quoted on a fixed fee basis. The fees are negotiable based on
the size and type of relationship. Fees are generally payable quarterly in arrears.

Item	7	–	Types	of	Clients

As noted in Item 4, PFA provides its services to individuals, trusts and estates, businesses
and defined contribution plans.

We do not typically require a minimum dollar value of assets; however, we reserve the
right to decline or accept any prospective account.