Schmidt Jacob Aaron

5. FEES AND COMPENSATION

Financial Planning Services
On a single (one-time) initial consultation, there is no fee charged. The fees for ongoing services,
including a written plan, are individually negotiated with the client prior to providing the service
and are normally based on the time involved in the consultation and the complexity of the
research involved. The following Fee Schedule will be used as the basis for the negotiated fee:

First Year Fee: The greater of 1.25% of the Client’s Adjusted Gross Income, or
                               0.125% of the Client’s Net Worth, minimum $750.

Renewal Fee: The greater of 0.75% of the Client’s Adjusted Gross Income, or
                            0.075% of the Client’s Net Worth, minimum $500.

For written financial plans, fees are negotiated with the client prior to preparation of the plan
and such fees are agreed upon by written agreement, payable 50% upon signing and 50% upon
delivery of said plan. Certain high net worth individuals and corporations may pay a higher or
lower fee.

The services provided by payment of the financial planning fee includes the client's completed
financial plan and advice and/or assistance in implementing the plan during the twelve months
following the date of the financial planning agreement.

Wealth Management Platform – Advisor Managed Portfolios Program

We offer Advisor Managed Portfolios with separate advisory fees and transaction charges (“Non-
Wrap Account”).

The client will pay a quarterly account fee, in advance, based upon the market value of the assets
held in their account as of the last business day of the preceding calendar quarter. Account fees
are negotiable and will be debited from the client’s account by our custodian. The client will
receive a full account fee refund in the event the client agreement is terminated within five
business days of signing. If termination occurs after the first five days, the account fee will be
credited back on a pro-rata basis for the unused portion of the quarter.

Additionally, ancillary WMP fees may apply. Please see the WMP Fee Program Brochure for
further details.

In addition to the quarterly account fee described below for advisory services, the client may also
pay separate per-trade transaction charges. In certain instances, they may be eligible to purchase
certain mutual funds and exchange-traded funds without incurring transaction charges subject
to certain conditions. For details, please refer to Item 4 (No Transaction Fee Programs) of the
Advisor Managed Portfolios brochure.

Our basic WMP account fee schedule is as follows:

                                                                 Asset Size
                       Account Fee
                                                        Minimum and Maximum
            1.25%                               Up to $500,000.00
            1.00 – 1.25%                        $500,000.01 - $750,000.00
            1.00 – 1.25%                        $750,000.01 - $1,000,000.00
            0.825 – 1.15%                       $1,000,000.01 - $1,250,000.00
            0.75 – 1.15%                        $1,250,000.01 - $2,000,000.00
            0.625 – 0.92%                       $2,000,000.01 - $5,000,000.00
            0.625 – 0.75%                       $5,000,000.01+
These fees may be lower based upon negotiations with the client.

Additional Fees and Expenses:

Mutual fund investments in the programs that we offer are no-load or load at NAV. Mutual fund
investments may be subject to early redemption fees and mutual fund management fees as well
as other mutual fund expenses. These fees are in addition to the fees and expenses referenced
above. Please review the mutual fund prospectus for full details.

Variable annuity companies generally impose internal fees and expenses on variable annuity
investments. These fees are in addition to the fees and expenses referenced above. Variable
annuities that may be recommended by Adviser are no-load and no surrender charge annuities.
Complete details of such internal expenses are specified and disclosed in each variable annuity
company’s prospectus. Please review the Variable Annuity prospectus for full details.

There are additional fees relating to IRA and Qualified Retirement Plan accounts that the client
may incur such as maintenance and termination fees. These fees are disclosed in the account
application paperwork provided to the client associated with these accounts.

In addition to providing advisory services, our Adviser Representatives may also sell insurance
products in their capacity as licensed insurance agents. We will receive additional compensation
in connection with this activity and the amount of compensation will depend on the type of
product purchased. While our insurance sales are reviewed for suitability by an appointed
supervisor, the client should be aware of the incentives we have to sell certain insurance products
and are encouraged to ask us about any conflict presented.

Please be aware that the client is under no obligation to purchase products or services
recommended by us or members of our Firm in connection with providing any advisory service
that we offer.

7. TYPES OF CLIENTS

The Adviser’s Adviser Representatives provide the aforementioned personal advisory services
to individuals, pension and profit-sharing plans, trusts, estate or charitable organizations,
corporations, or other business entities.