Schiavi & Company LLC

Item 5 – Fees and Compensation
Fee schedules are disclosed in advance and, at the discretion of Clariti Wealth Advisors, may be subject to
negotiation.

Financial planning and investment management - The specific way fees are charged is established in a
written Service Agreement presented to prospective clients in advance of the service. A deposit may be
required as consideration for the service agreement. Client or Advisor may terminate this agreement at
any time by written notice. If Client or Clariti Wealth Advisors terminates this agreement within ten
days, any initial deposit will be refunded in full.

If Client or Clariti Wealth Advisors terminates this agreement during a service quarter, client is eligible
for a pro-rata refund equal to the unused days in the service period divided by the number of days in the
service quarter times the fee paid in advance.

Fees are generally deducted from client accounts in advance of the service period. Clients receive an
invoice showing the amount and account to be billed prior to the processing of the fee. The initial
quarterly plan management fee is based on the client’s investable assets, and may include accrued
interest or dividends, as defined in the Service Agreement. Fees range from 0.45% (45 basis points) to
0.95% (95 basis points) on an annual basis and are prorated and generally billed quarterly in advance.
Subsequent adjustments will be made every two years, or if the fee, as calculated according to the
schedule in the Service Agreement, is 20% higher or lower than the current plan management fee being
charged.

Alternatively, the Advisor may propose a flat fee structure to better match the needs and resources of the
client to the agreed-upon services.

Hourly consultations are billed at rates that vary by the experience and expertise of the advisor. Payment
is requested upon completion of the consultation.

As discussed below, unless the client directs otherwise or an individual client’s circumstances require,
Clariti Wealth Advisors shall generally recommend that Fidelity Investments (“Fidelity”) serve as the
broker-dealer/custodian for client investment management assets.

Broker-dealers such as Fidelity charge brokerage commissions, transaction, and/or other type fees for
effecting certain types of securities transactions (i.e., including transaction fees for certain mutual funds,

and mark-ups and mark-downs charged for fixed income transactions, etc.). The types of securities for
which transaction fees, commissions, and/or other type fees (as well as the amount of those fees) shall
differ depending upon the broker-dealer/custodian. While certain custodians, including Fidelity, generally
(with the potential exception for large orders) do not currently charge fees on individual equity
transactions (including ETFs), others do.

There can be no assurance that Fidelity will not change their transaction fee pricing in the future.

Fidelity may also assess fees to clients who elect to receive trade confirmations and account statements by
regular mail rather than electronically.

Clients will incur, in addition to Clariti Wealth Advisors’ investment management fee, brokerage
commissions and/or transaction fees, and, relative to all mutual fund and exchange traded fund
purchases, charges imposed at the fund level (e.g., management fees and other fund expenses).

Clariti Wealth Advisors fees are exclusive of brokerage commissions, transaction fees, and other related
costs and expenses incurred by the client. Clients may incur certain charges imposed by custodians,
brokers, third party investment, and other third parties such as fees charged by managers, custodial fees,
deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and
other fees and taxes on brokerage accounts and securities transactions. Mutual funds and exchange-
traded funds also charge internal management fees, which are disclosed in a fund’s prospectus. Such
charges, fees, and commissions are exclusive of and in addition to Clariti Wealth Advisors’ fee, and Clariti
Wealth Advisors does not receive a share of these commissions, fees, and costs.

Item 12 further describes the factors that Clariti Wealth Advisors considers in selecting or recommending
broker-dealers for client transactions and determining the reasonableness of their compensation (e.g.,
commissions).

Item 7 – Types of Clients
Clariti Wealth Advisors offers financial planning and investment advisory services to individuals, including
high net worth individuals and corporations.

Clariti Wealth Advisors offers investment advisory services to trusts, retirement plans, and non-
profit organizations.

While Clariti Wealth Advisors has no strict minimum account size, full-service clients are generally
subject to a minimum annual fee of $5,000. Full-service clients tend to have financial assets in excess
of $1 million or have the ability to reach that level quickly through significant annual additions.

Clariti Wealth Advisors, at its sole discretion, may charge a lesser investment management fee. As
result, similarly situated clients could pay different fees. In addition, similar advisory services may be
available from other investment advisers for similar or lower fees.