Register Financial Advisors LLC

Item 5 – Fees and Compensation

The specific manner in which fees are charged by Register Financial is established in a client’s written
agreement. For its investment advisory clients, the firm presently offers the following types of advisory
services:

  I.   Register Financial Investment Management (RFIM)
 II.   Wrap Fee Programs
III.   Edelman Managed Asset Program (EMAP) TAMP
IV.    Orion Portfolio Solutions
 V.    Financial Planning Consulting Services
VI.    Register Financial Retirement Plan Consulting

          I.      Register Financial Investment Management (RFIM) (Non-Wrap)
Register Financial will debit the investor accounts on a quarterly basis for the fee described below unless the
client requests to be invoiced for advisory fees. All commissions will be borne by the client and passed
through at cost. The following are the negotiable fees for managing clients’ accounts:

                                   RFIM Non-Wrap Fee Schedule
            Assets Under Management                         Annualized RFIM Fee
                  $0 to $250,000                                   2.50%
               $250,001 to $500,000                                2.00%
              $500,001 to $1,000,000                               1.80%
             $1,000,001 to $2,000,000                              1.50%
                $2,000,001 & above                              Negotiable
Example: $1 million under management would pay an annual fee of 2.5% on the first $250,000, 2% on the next
$500,000, and 1.8% on the next $500,000.

All advisory management agreements are to specify the fees charged to the account and may be charged in
advance or in arrears of service.

          II.     Wrap Fee Programs
Each Program or strategy has a maximum Program Fee can vary depending on the particular investment
strategies or portfolios selected by the client, the particular manager selected by the client, and the individual
Representative, among other factors. Generally, the Representative may, in his or her discretion, negotiate
the portion of the program fee that is payable to the Representative or the Firm but does not negotiate the
portion payable to the third-party manager. Fees will be charged in advance, and the Client‘s Advisory
Agreement will state the specific program fee applicable to client’s Account.

Please see the applicable Wrap Fee Brochure for a more detailed fee schedule.

The program fees are subject to exclusions, calculations, and conditions contained in each Program’s
Disclosure Document and Advisory Agreement. Additionally, most programs have a minimum quarterly
Program Fee ($250 per quarter or more), which may cause the effective Program Fee (expressed as a
percentage) to be greater than the fee rates shown above. The Disclosure Document for each program
contains important information regarding conflicts of interest, compensation, risks, potential benefits, and
other information that prospective investors should review and consider.

          III.   Edelman Managed Asset Program (EMAP) TAMP
Fees for the EMAP program are based on a percentage of assets. Fees are to be clearly stated in all advisory
contracts and are billed quarterly in arrears. The minimum account size is $5,000; however, this may be
reduced at the discretion of management. Clients authorize their Custodian, on behalf of EFE and Register
Financial, to deduct wrap fees from their accounts. Wrap fees include the advisory fee, third-party
investment manager’s fee, and brokerage execution costs. Fees are based on the average daily balance of the
relevant account, based on the fee schedule below:

                        Edelman Managed Asset Program EMAP Fee Schedule
             Assets Under Management                           Annualized Fee
                   $0 to $400,000                                  1.75%
                $400,001 to $750,000                               1.25%
               $750,001 to $1,000,000                              1.00%

               $1,000,001 to $3,000,000                                         0.75%
              $3,000,001 to $10,000,000                                         0.60%
             $10,000,001 to $25,000,000                                         0.50%
                $25,000,001 and above                                         Negotiable
Example: $2.75 million under management would pay an annual fee of 1.75% on the first $400,000, 1.25% on the
next $350,000, 1% on the next $250,000, and 0.75% on the next $1,750,000.

The minimum annual fee is $100. Accordingly, a client may pay an effective rate greater than the rate
specified in the fee schedule shown above.  Register Financial, in its sole discretion, may waive its minimum
fee and/or charge a lesser investment advisory fee.

The first payment is calculated based on the number of days assets are placed in the account during a
calendar quarter. Subsequent fees are determined based on the average daily balance for the quarter ending
on the last day of each calendar quarter. Fees are deducted from the client’s account in arrears. When
calculating fees, accounts within the household may be aggregated to determine the lowest fee if all accounts
are managed as one relationship. EFE, Register Financial, or the Client may terminate the advisory
agreement upon 30 days' written notice. If an account is terminated before the end of a calendar quarter, the
terminating client will pay prorated fees through the termination date.

Underlying mutual funds held in Client accounts incur their own internal expenses such as management,
transfer agent, shareholding servicing, and 12b-1 fees, none of which are received by EFE or Register
Financial, or reduce the Client’s fees payable to EFE or Register Financial.

           IV.    Orion Portfolio Solutions
We utilize Orion Portfolio Solutions, LLC (“Orion” or “OPS”) as a third-party asset manager program provider
...

Item 7 – Types of Clients

Register Financial provides portfolio management services to individuals, corporations and business
entities, pension and profit-sharing plans, charitable institutions, foundations, endowments, and estate and
trusts. The minimum account size is generally $50,000 for fee based Accounts; the minimum account size for
TAMP accounts is $5,000. Account minimums may be waived at the discretion of management.