Rogan & Associates Inc

Item 5 - Fees and Compensation
Investment Management Fees
R&A provides investment advisory services for an asset-based fee. Advisory fees are calculated as a percentage
of assets under management and are negotiable. R&A's advisory fees may be up to 2.25% per year, depending
on the amount of assets under management, the nature and complexity of the relationship, and other relevant
factors.
R&A's fees may be higher or lower than fees charged by other investment advisers for similar services.
The initial advisory fee is generally based on the value of the account as of the date management begins. If
management begins on a date other than the first day of a billing period, the initial fee may be prorated based on
the number of days remaining in the billing period.
Thereafter, advisory fees are generally calculated based on the value of the account as of the applicable
valuation date for the billing period. Fees may be billed in advance or in arrears depending on the custodian,
account type, advisory program, or applicable agreement. If fees are billed in advance and the advisory
relationship is terminated before the end of the billing period, R&A will refund any unearned portion of the
prepaid advisory fee. For accounts billed in arrears, fees will be charged for services provided through the
termination date.
Additions to an account during a billing period may be subject to additional advisory fees on a prorated basis.
Withdrawals from an account during a billing period may result in a prorated adjustment or refund, depending
on whether the account is billed in advance or in arrears and the applicable advisory agreement. R&A may, in its
discretion, waive or not charge prorated fees for insignificant additions, withdrawals, or fluctuations in account
value.
R&A may amend its fee schedule, including negotiated fee arrangements, upon written notice to clients.

Other Fees and Expenses
R&A's advisory fee is separate from and in addition to other fees and expenses that may be charged to the client
or deducted from the client's investments. These may include, but are not limited to, wire transfer fees, internal
mutual fund expenses, exchange-traded fund expenses, insurance product charges, third-party manager fees,
platform fees, margin interest, and other fees or expenses described in the applicable account agreements,
prospectuses, offering documents, or disclosure brochures.
Mutual funds, exchange-traded funds, variable annuities, and other investment products usually charge
internal fees and expenses. These fees and expenses are not paid to R&A and, like any investment-related
expense, they reduce the investment return on the product.

Wrap Fee Program
R&A sponsors the Rogan & Associates Wrap Fee Program, which is described in a separate wrap fee program
brochure. Under the Wrap Fee Program, certain execution and transaction charges are included in the advisory
fee. Clients participating in the Wrap Fee Program should review the separate wrap fee program brochure for
additional information regarding fees, expenses, conflicts of interest, and the services provided under that
program.

Third-Party Managed Account Fees
At times, R&A may recommend that a client use an unaffiliated third-party manager, platform, wrap fee
program, trust company, or custodian. In those cases, the client may pay fees to the third-party manager,
platform, sponsor, custodian, or other service provider in addition to or as part of the advisory fee charged by
R&A.
The fees, billing practices, termination provisions, and other charges applicable to third-party managed
accounts are described in the third-party manager's or program sponsor's agreement and disclosure
documents. Clients should review those documents carefully.
R&A may receive a portion of the management fee or an ongoing fee in connection with certain third-party
managed account arrangements. This creates a conflict of interest because R&A has an incentive to
recommend a third-party manager or program based, in part, on compensation received by R&A. R&A
addresses this conflict through its fiduciary duty to clients, by recommending third-party managers and
programs that R&A believes are appropriate for the client's needs and circumstances, and through its
compliance review procedures.

Automatic Deduction of Advisory Fees
Clients generally authorize the qualified custodian holding their account assets to deduct R&A's advisory fees
directly from their accounts and pay those fees to R&A. The amount of the advisory fee deducted will be
reflected on the account statement provided by the qualified custodian.
Clients should carefully review their custodial account statements and report any concerns to their Planner for
review.
If an account does not maintain enough cash or money market balance to cover advisory fees, the client may
deposit additional funds or make payment in another manner acceptable to R&A. If sufficient cash is not
available, the custodian may liquidate investments to pay advisory fees, subject to the custodian's policies and
the client's account agreement.

Insurance Compensation
R&A is also a licensed insurance agency, and some R&A Planners are licensed insurance agents. In that
capacity, R&A and/or its Planners may receive commissions or other compensation in connection with
insurance products recommended to clients, including non-variable insurance products.
The receipt of insurance compensation creates a conflict of interest because R&A or a Planner has an incentive
to recommend an insurance product based, in part, on the compensation received. R&A addresses this conflict
through its fiduciary duty to clients, disclosure of the conflict, and its compliance review procedures.
When R&A receives compensation from a non-variable insurance product, R&A generally does not charge an
advisory fee on that insurance product. Clients are not required to purchase insurance products through R&A or
...

Item 7 - Types of Clients
R&A provides advisory services to individuals, families, pension and profit-sharing plans, trusts, estates,
charitable organizations, and businesses.
R&A generally requires a minimum investment of $10,000, although R&A may accept smaller accounts at its
discretion.