Raymond James Financial Services Advisors Inc

ITEM 5 - FEES AND COMPENSATION
FEES FOR PLANNING, INVESTMENT CONSULTING, AND/OR ADVISORY SERVICES
We receive fees for providing planning, investment consulting, and/or advisory services through your IAR. You may negotiate fees
(“Fees”) with your IAR. Fees charged for these services may depend upon the anticipated time allocated to provide the services
requested, the complexity of the plan, or your financial situation. The services you selected and the Fees you agree to in advance
are disclosed in the appropriate client agreement signed by you.

Wealth Advisory Services Program Fees
Under our Wealth Advisory Services Program, Fees for planning services can be structured as an hourly rate or fixed (flat) dollar
Fee, while investment consulting services may be assessed as an hourly rate, a fixed (flat) dollar, or a percentage of assets under
advisement fee. Hourly fees for planning and/or investment consultation services are generally charged at a rate of up to $400 per
hour. If charged as a percentage, the Fee is not to exceed 2.25% of the value of assets on which the investment consulting services
are provided. However, some legacy or long-established relationships continue to pay fees based on older fee schedules agreed to
by client. For certain legacy clients, Fees or commissions charged in the implementation of a plan through an account at our Firm or
our affiliates may be used to discount or offset planning and/or investment consulting Fees; however, note that such services and their
accompanying fees or commissions would be provided and charged under a separate agreement than your Wealth Advisory Services
agreement. It is possible that you may pay more or less for similar services than may be available through another firm. In addition,
Fees for planning and/or investment consulting services may be offered to our employees, family members, and friends at a reduced
rate.

Billing for Planning and/or Investment Consulting Services
Fees associated with the planning and/or investment consulting services agreed to by you are disclosed in the Wealth Advisory
Services agreement. Service engagement begins on the effective date, as specified in the Wealth Advisory Services agreement.
Raymond James Financial Services Advisors, Inc. (“RJFSA”) Form ADV Part 2A Brochure                                  Page | 7

Fees are payable in accordance with the schedule selected in the agreement. Payment can be made by check, ACH, wire from
your financial institution, or by debit from an RJFSA non-qualified account designated by you as an authorized account owner.

Other Expenses Not Associated with Planning and/or Investment Consulting Services
If an IAR discusses matters relating to a planning and/or investment consulting service with other third parties authorized by you,
you may be charged a separate fee by those third parties.

If you maintain accounts with us, or if we assist you in implementing your financial plan, you will pay other fees in addition to the
Fee for planning and/or investment consulting services. Those services may be subject to fees, commissions, or other expenses
that are entirely separate from the payment of fees in connection with our planning and/or investment consulting services. For more
information about those additional expenses that you may incur when implementing your planning and/or investment consulting
services through RJFSA, please refer to the RJFSA Wrap Fee Program Brochure. A copy is available, upon request, from your IAR
or you may visit our public website: https://www.raymondjames.com/legal-disclosures.

SIMPLE IRA Employer Advisory & Consulting Services Program Fees
Under our SIACS Program, Fees may be assessed as a quarterly fixed (flat) dollar fee or as a percentage of the total value of
plan assets under advisement at the end of each quarter. The applicable fee schedule is disclosed in the Plan Sponsor
Agreement and may vary based on plan size and services provided. Fees are negotiable and must be authorized by the Plan
Sponsor. Fees may be debited from plan assets or billed directly to the Plan Sponsor, as agreed in writing.

Your financial advisor may offer optional services, such as participant education sessions or recordkeeper evaluations, which
may be billed separately at rates disclosed in the Plan Sponsor Agreement.

In addition to Fees, Plan Sponsors and participants may incur other costs associated with:
     • Mutual fund management fees and expenses as described in the applicable prospectuses
     • Set-up and annual plan-level fees charged by SIMPLE IRA providers
    •    Transaction fees or other charges imposed by the recordkeeper or fund provider

Our financial advisors may receive compensation in the form of advisory fees authorized by the Plan Sponsor. We do not receive
commissions or other compensation from fund providers for recommending the SIACS Program. However, the availability of this
program and associated advisory fees may create an incentive for us to recommend the SIACS Program over other retirement
plan solutions. We address this conflict through disclosure and adherence to our fiduciary duty to act in the best interest of our
clients. For information on other forms of compensation we and your financial advisor receive, please see the IAR Asset-Based
Compensation section.

Termination of Wealth Advisory Services and SIMPLE IRA Employer Advisory & Consulting Services
You may terminate the Wealth Advisory Services agreement or SIMPLE IRA Employer Advisory & Consulting Services agreement
without penalty within five (5) business days from the effective date of the agreement. A Wealth Advisory Services agreement
automatically terminates after the stated termination period. You or our Firm may also terminate the Wealth Advisory Services
agreement or SIMPLE IRA Employer Advisory & Consulting Services agreement by providing 10 days written notice to the other
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ITEM 7 - TYPES OF CLIENTS
Under the Wealth Advisory Services Program, we provide planning and/or investment consulting services to a broad range of
current and prospective clients, including individuals, individual retirement accounts (“IRAs”), banks and thrift institutions, trusts,
estates, charitable organizations, state and municipal government entities, pension, and profit-sharing plans, including plans subject
to ERISA, investment advisers, corporations, and other business entities.

Under the SIACS Program, we provide consulting and advisory services to small business employers who sponsor retirement
plans. These clients typically include:
    • Corporations, partnerships, and sole proprietorships with 100 or fewer employees
    • Employers seeking a cost-effective retirement plan solution with simplified administration and payroll integration
    • Plan Sponsors who engage us for non-discretionary investment advice at the plan level

Individual participants in SIMPLE IRA plans may receive general educational services; however, we do not provide
individualized investment advice to participants under this program.

ACCOUNT MINIMUMS
While we do not require a minimum asset amount for planning and/or investment consulting services for individuals participating in our
Wealth Advisory Services Program, you should consult with your IAR to determine whether there are any minimum asset requirements
as a condition of accepting you as a client. You will be required to complete the Wealth Advisory Services agreement and pay Fees as
noted in the agreement.

Minimum account size requirements for the SIMPLE IRA Employer Advisory and Consulting Services Program are determined
by the program provider. Currently, there is no minimum plan asset requirement.