Salomon and Ludwin LLC

Item 5 – Fees & Compensation
questions that a client or prospective client may have     Fee for Advice and Portfolio Management
regarding a wrap fee arrangement and the                   For individual advice and portfolio management
corresponding conflict of interest.                        services, Salomon and Ludwin charges an
Please Note-Cash Positions: Salomon and Ludwin             aggregated fee, based on a percentage of total assets
continues to treat cash as an asset class. As such,        under management. The Salomon and Ludwin fee
unless determined to the contrary by Salomon and           schedule based on aggregate account value for client
Ludwin, all cash positions (money markets, etc.) shall     relationships established after June 2018 is:
continue to be included as part of assets under
management for purposes of calculating Salomon                                            Rate at     Blended Fee Rate
                                                                   Asset Level
and Ludwin’s advisory fee. At any specific point in                                     Asset Level   (maximum asset level)

time, depending upon perceived or anticipated               $2,000,000 to $2,500,000       0.85%            0.85%

market conditions/events (there being no guarantee          $2,500,000 to $5,000,000      0.70%             0.78%
that such anticipated market conditions/events will         $5,000,000 to $7,500,000       0.60%            0.72%
occur), Salomon and Ludwin may maintain cash                $7,500,000 to $10,000,000      0.50%            0.66%
positions for defensive purposes. In addition, while
                                                           $10,000,000 to $12,500,000      0.40%            0.61%
assets are maintained in cash, such amounts could
                                                           $12,500,000 to $15,000,000      0.30%            0.56%
miss market advances. Depending upon current
yields, at any point in time, Salomon and Ludwin’s         $15,000,000 to $17,500,000      0.30%            0.52%

advisory fee could exceed the interest paid by the         $17,500,000 to $20,000,000      0.30%            0.49%

                                                                                          Form ADV Part 2A Firm Brochure

                                 Rate at     Blended Fee Rate        to Salomon and Ludwin’s management fee. Our
        Asset Level
                               Asset Level   (maximum asset level)
                                                                     annual portfolio management fee is billed and payable
$20,000,000 to $22,500,000       0.25%             0.47%             quarterly in advance based on the value of your
$22,500,000 to $25,000,000       0.25%             0.45%             account on the last trading day of the previous
$25,000,000 to $27,500,000       0.25%             0.43%             quarter. If the portfolio management agreement is
 $27,500,000 to $30,000,000      0.15%             0.40%
                                                                     executed at any time other than the first day of a
                                                                     calendar quarter, our fees will apply on a pro-rata
$30,000,000 to $32,500,000       0.15%             0.38%
                                                                     basis, which means that the advisory fee is payable in
$32,500,000 to $35,000,000       0.10%             0.36%
                                                                     proportion to the number of days in the quarter for
 $35,000,000 to $37,500,000      0.10%             0.35%             which you are a client.
 $37,500,000 to $40,000,000+     0.05%             0.33%
                                                                     At our discretion, we may charge lower fees. This
In May 2018, Salomon and Ludwin established a                        includes the ability to combine the account values of
policy to only accept new relationships where the firm               family members to determine the applicable advisory
holds all eligible security investments for our clients              fee. For example, we may combine account values for
and includes those assets in its fee billing process.                you, your spouse, joint accounts with your spouse,
                                                                     your minor children, and other types of related
Our fees are based on a tiered system. We will not                   accounts.
charge a fee to our clients of more than .85% for new
relationships of $2 million or more. Those clients that              Combining account values will increase the calculated
have more than $2 million in assets will pay 0.85% on                asset total, which may result in your paying a reduced
the first $2.5 million and 0.70% on the next $2.5                    advisory fee based on the available breakpoints in our
million and so on. If a client had $5 million invested               fee schedule stated above. Salomon and Ludwin may
with us, the blended rate would be 0.78%.                            in their sole discretion change the actual fee charged
                                                                     upon thirty days written notice to the client. Clients
Clients with assets below $2 million are subject to                  may accept the change or close their account.
household minimum fees of $7,500 a year or as high
as 1.75% annually, whichever is greater. We reserve                  Additional Fee
the right to adjust our fees when we deem it to be                   The Firm may recommend that certain high net worth
appropriate.                                                         clients consider engaging Schwab to implement a
...

Item 7 – Types of Clients
                                                            ANY QUESTIONS: Salomon and Ludwin’s Chief
As described in Item 4, Salomon and Ludwin offers
                                                            Compliance Officer, Jacob Salomon, remains
advisory and planning services for individuals, families,
                                                            available to address any questions that a client or
trusts, and retirement plans. Our typical clients are
                                                            prospective client may have regarding advisory fees.
retirees, those who are experienced and comfortable
with saving and investing for their retirement and their