Scherer Financial Advisory Services LLC

Item 5 Fees and Compensation
Portfolio Management Services Fees

Standard annual fees for portfolio management fees are as shown below.

                   Total Assets                            Annual Fee
                Assets under $1M                            Max 1.50%
            Assets from $1M-$1.99M                          Max 1.25%
            Assets from $2M-$3.99M                          Max 1.00%
                                                            Max 0.80%
            Assets from $4M or more

Beginning January 1, 2025, fees for the management of 529 plans will be charged a flat 0.25%
annually, based on assets under management. This fee change is not currently applicable to pre-
existing client relationships with 529 plans.

Additionally, SFAS can charge up to 2.00% annual on accounts of less than $100,000.

At SFAS's discretion, these fees are negotiable with the final fee included as part of the Investment
Advisory Contract. Also at our discretion, we may combine the account values of family members living
in the same household to determine the applicable advisory fee. For example, we may combine
account values for you and your minor children, joint accounts with your spouse, and other types of
related accounts. Combining account values may increase the asset total, which may result in your
paying a reduced advisory fee based on the available breakpoints in our fee schedule stated above.
Lower fees for comparable services may be available from other sources.

The balance in the client's account on the last day of the prior billing period is used to determine the
market value of the assets upon which the advisory fee is based.

Flat-Fee Option

As an alternative to the asset-based fee option, clients may elect to engage SFAS on a flat-fee basis.
Flat fees begin at a minimum of $2,000 annually and are negotiated with each client at onboarding
based on the complexity of the relationship. Factors considered in determining the flat fee include, but
are not limited to: the number and type of accounts to be managed, the scope of financial planning
needs, tax complexity, estate planning considerations, the extent of coordination required with the
client's other professionals, and the anticipated level of ongoing service.

The flat fee is reviewed annually by SFAS. SFAS may propose adjustments to the flat fee based on
material changes in the complexity of the relationship or the scope of services provided. Any
adjustment to the flat fee requires written consent from the client and will be documented through an
amendment to the Investment Advisory Contract. In the absence of a proposed and consented-to
adjustment, the flat fee remains unchanged from the prior year.

The final flat-fee amount is included as part of the Investment Advisory Contract. Lower fees for
comparable services may be available from other sources.

Conflict of Interest Disclsoure - Choice of Fee Structure

The availability of two different fee structures presents certain conflicts of interest that clients and
prospective clients should consider when choosing between the asset-based and flat-fee options.

Depending on a client's particular circumstances, one fee structure may result in the client paying more
or less over time than the other fee structure would have. For example, a client with a smaller asset
base may pay more under a flat-fee arrangement than under an asset-based fee, while a client with a
larger asset base may pay less under a flat-fee arrangement than under an asset-based fee. SFAS
may have a financial incentive to recommend the fee structure that generates higher revenue to the
Firm.

Additionally, the two fee structures create different ongoing incentives. Under an asset-based fee,
SFAS's revenue from a client relationship increases as the client's portfolio value increases, which
aligns the Firm's financial interest with portfolio growth. Under a flat fee, the Firm's revenue is not
directly tied to portfolio performance or asset growth, which means the Firm does not have a direct
financial incentive to grow the client's portfolio. Conversely, under a flat fee, the Firm does not have a
direct financial incentive to reduce the frequency or depth of service in a declining market, as it would
under an asset-based fee.

SFAS addresses these conflicts by discussing both fee structures with each prospective client,
presenting the fee structure that SFAS believes is most appropriate for the client's circumstances, and
permitting the client to choose the structure that the client believes is in the client's best interest.
SFAS's fiduciary duty requires the Firm to act in the best interest of each client regardless of which fee
structure the client selects. A client may request to change from one fee structure to the other at any
time, subject to SFAS's agreement and execution of an amended Investment Advisory Contract.

Financial Planning Fees

The Advisor offers limited financial planning services to those clients in need of such service in
conjunction with Portfolio Management Services. No additional fee is charged for this service.

General Consulting Fees

The Advisor offers general consulting services to those clients in need of such service in conjunction
with Portfolio Management Services. No additional fee is charged for this service.

B. Payment of Fees

Payment of Portfolio Management Fees

Portfolio management fees – whether asset-based or flat-fee – are withdrawn directly from the client's
accounts with the client's written authorization. Fees are paid quarterly in advance. For clients on a flat-
fee arrangement, the annual flat fee is divided into four equal quarterly installments, with one
installment debited at the beginning of each quarterly billing period.

Depending on the financial analysis performed, we may recommend that you purchase variable
annuities or other insurance products to be included in your investment portfolio(s). Persons providing
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Item 7 Types of Clients
SFAS generally provides advisory services to individuals and high net worth individuals.

There is no account minimum account or relationship size for any of SFAS's services.