Safeguard Investment Advisory Group LLC

Item 5 Fees and Compensation
ADVISORY FEES

Advisory Fees

            Total Assets                     Max. Advisory
         Under Management                      Fee Rate
         $100,000 - $250,000                    2.15%
         $250,001 - $500,000                     1.9%
        $500,001 - $1,000,000                   1.65%
          Above $1,000,000                      1.15%

For accounts custodied at Schwab fees are based on the closing market value of the Account on the
last day of the quarter and billed in arrears. For accounts custodied at Fidelity, fees are billed monthly
in arrears on an average daily balance. These fees are negotiable at the firm's sole discretion and the
final fee will be disclosed in the Advisory Agreement. SIAG's advisory fees will be deducted from the
Client's custodial account. The amount of the Advisory Fee deducted by the custodian will be reflected
on the custodian's regular statements to the Client. If accounts are incepted or terminated within the
billing period, fees will be prorated. Clients are encouraged to review each statement and the Advisory
Fee assessed. In SIAG's discretion, Clients may have SIAG directly invoice for advisory services. In
such limited circumstances, invoices are payable upon receipt.

Brokerage and Investment Expenses
To a large extent, Client portfolios will be comprised of mutual funds, ETFs, and money market funds;
however, for some Clients, and certain strategies and managers, it may be appropriate to invest
individual stocks or other securities. Although many of the investment company investments are "load-
waived" investments, Clients should expect that their account will incur some or all of the Brokerage
and Investment Expenses described below.

Accounts will pay the broker or dealer for their account (typically, the Custodian or a broker-dealer
affiliate of their Custodian) commissions, sales charges, or similar transaction-related fees for each
transaction to buy, sell, exchange, or redeem securities for the account. Following are examples of
some of the types of fees and expenses that are included in the Brokerage and Investment Expenses:

    • transaction-related costs paid to brokers, stock exchanges, electronic communications
      networks, and other trading intermediaries executing account transactions; and
    • odd lot charges, transfer and other taxes, floor brokerage fees, service, handling, delivery, and
      mailing fees, electronic wire transfer fees, currency exchange fees, margin interest if client
      chooses to use margin, and other expenses related to investments made or assets held for
      Client's account.
    • custodial fees

Your Brokerage and Custody Costs at Schwab or Fidelity

For our clients' accounts that Schwab maintains, Schwab generally does not charge you separately for
custody services but is compensated by charging you commissions or other fees on trades that it
executes or that settle into your Schwab account. Certain trades (for example, many mutual funds and
ETFs) may not incur Schwab commissions or transaction fees. Schwab is also compensated by
earning interest on the uninvested cash in your account in Schwab's Cash Features Program. Schwab
charges you a flat dollar amount as a "prime broker" or "trade away" fee for each trade that we have
executed by a different broker-dealer but where the securities bought or the funds from the securities
sold are deposited (settled) into your Schwab account. These fees are in addition to the commissions
or other compensation you pay the executing broker-dealer. Because of this, in order to minimize your
trading costs, we have Schwab execute most trades for accounts custodied at Schwab. We have
determined that having Schwab execute most trades is consistent with our duty to seek "best
execution" of your trades. Best execution means the most favorable terms for a transaction based on
all relevant factors. See "Brokerage Practices". Fidelity does not charge transactional fees if clients
choose to have their statements and confirms delivered electronically.

Investment Company Expenses
Accounts will pay the indirect costs of the internal management fees, operating costs, and investment
expenses that the mutual funds, money market funds, and ETFs (all referred to as a "fund") deduct
from their assets representing the costs incurred to operate the fund. These internal expenses
generally include recordkeeping fees, and transfer and sub-transfer agent fees, among others. All of
these represent indirect expenses that are charged to the fund's shareholders.

Frequently, these internal expenses also include "Distribution Fees." These amounts are deducted
from the fund's assets to compensate brokers who sell fund shares, as well as to pay for advertising,
printing and mailing prospectuses to new investors, and printing and mailing sales literature.
SIAG does not receive 12b-1 Fees does not accept 12b-1 Fees from fund companies whose shares
we recommend to our Clients, which includes "Shareholder Service Fees" which are amounts
deducted from the fund's assets to pay the costs of responding to investor inquiries and providing
investors with information about their accounts.

Distribution Fees and Shareholder Service Fees are referred to collectively as "12b-1 Fees," named
after the SEC rule that adopted them. The 12b-1 Fees are calculated for each class of shares of a
fund, and are calculated as a percentage of the total assets attributable to the share class. The 12b-1
Fees, Advisory Fees, and other ongoing expenses are described in the fund's prospectus Fee Table.
These fees will vary from fund to fund and for different share classes of the same fund. You can use
prospectus Fee Tables to help compare the annual expenses of different funds.

ETFs are a type of Investment Company that aims to achieve the same return as a particular market
index. They can be either open-end companies or unit investment trusts. ETFs are not considered to
...

Types of Clients
SIAG generally provides investment advice and/or management supervisory services to the following
types of Clients: individuals, high net worth individuals, pensions and profit sharing plans, corporations,
and other businesses.

Conditions for Account Management
SIAG requires a minimum of $100,000.00 to open or maintain an account. The minimum requirement
may be waived at the firm's sole discretion. SIAG aggregates household accounts to meet the
minimum requirements or fee percentage breakpoints. The Client will be informed prior to becoming
obligated to any higher requirements.