RBC Securities Inc

Fees and Compensation
The Program is known as a wrap fee program because clients pay one bundled fee to compensate RBCS for portfolio
management, transaction costs and custodial services. Under the Program, each client pays an asset-based fee in
accordance with the Fee Schedules shown below calculated on the market value of the assets in the Account, including
cash held in the cash sweep program, determined as of the close of business on the last business day of the calendar
quarter (the “Program Fee”).
In computing the asset value of an Account, a security listed on a national securities exchange will be valued, as of the
valuation date, at the closing price on the principal exchange on which it is traded. Any other security in an Account will be
valued in a manner determined by the Sub-Advisor or its agents in good faith to reflect fair market value. The Sub-Advisor
may rely on valuations furnished by Program vendors and/or their independent pricing services.
The Program Fee for each quarter is paid in advance and will be calculated at one fourth (¼) of the rates set forth in the
Fee Schedules.
For the purpose of calculating the Program Fee, the first quarter will commence on the first calendar quarter after the
effective date of the Fee Schedule.
The Client’s initial Program Fee payment will be due at the end of the calendar quarter wherein the Account was opened.
The Program Fee charged will be prorated for the period from the Account opening date through the last day of the
calendar quarter. Thereafter, Program Fees will be charged quarterly in advance and will cover each subsequent calendar
quarter in its entirety.
Clients authorize NFS as custodian to deduct the Program Fees from their Custodial Account.
In the event the Terms and Conditions are terminated by either party prior to the end of the billing period, a pro-rata refund
of the Program Fee will be made by RBCS to the client.
A wrap fee program may not be the lowest cost option if you would like to restrict your investments to open-end mutual
funds or other long-term investment products. Additionally, clients who are invested in a pooled investment vehicle, mutual
fund, and/or any other money market account will bear the expenses of that fund separate from fees charged by RBCS for
the Wrap Program. Clients should also note that the asset-based fee for the Program Fee does not include certain other
fees and expenses. See “Other Fees and Expenses” below for more information.

RBCS Asset Allocation Program Fee Schedules
Moderate Growth & Income, Growth & Income, Capital Growth, and Aggressive Capital Growth Investment
Objectives
Annual Fees on Market Value of the entire Program Account
    Assets under Management:
       1.25% on the first ................................................................................................ $1,000,000
       1.00% on assets over .......................................................................................... $1,000,000
    Account Minimums:
       Minimum Annual Fee .................................................................................................... $500
          Transaction Fees:
          Equities and Exchange-Traded Funds ......................................................................... $3.50
    Disbursements:
        Check ........................................................................................................................... $5.00
        Wire ............................................................................................................................ $15.00
     IRAs:
          Additional Fees:
          Annual Maintenance .................................................................................................. $35.00
          Termination Fee ....................................................................................................... $125.00

FA-028 (Rev 05/2026)                                                                                 RBC Securities Asset Allocation Program Brochure - Page 6 of 16

Diversified Fixed Income and Conservative Growth & Income Investment Objectives
Annual Fees on Market Value of the entire Program Account
    Assets under Management:
       0.80% on the first ................................................................................................ $1,000,000
       0.65% on assets over .......................................................................................... $1,000,000
    Account Minimums:
       Minimum Annual Fee .................................................................................................... $500
    Transaction Fees:
        Equities and Exchange-Traded Funds ......................................................................... $3.50
    Disbursements:
        Check ........................................................................................................................... $5.00
        Wire ............................................................................................................................ $15.00
    IRAs:
       Additional Fees:
       Annual Maintenance .................................................................................................. $35.00
       Termination Fee ....................................................................................................... $125.00

Program Fees are negotiable in certain circumstances and may differ from client to client based upon a number of factors,
including the amount of the assets, the client-related services to be provided to the Account, the overall relationship with
RBCS and its affiliates and other relevant criteria. Program Fees may also differ as a result of the application of prior
(legacy) fee schedules depending upon a client’s Program Account inception date.
In certain circumstances, some Accounts may benefit from combined billing arrangements for existing family member
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