Schwan Financial Advisors LLC

Fees and Compensation - Item 5

 Financial Planning Services Fees
 The fees for Financial Planning and Consulting will be charged in one of two ways:

     1.   As a fixed fee, typically ranging from $500 - $250,000, depending on the nature and complexity of each
          client’s circumstances. Up to 50% of this fee may be due upon signing the financial planning agreement,
          with the balance due upon presentation of the plan to the client, or as invoiced.
     2.   On an hourly basis, ranging from $125 - $450 per hour, depending on the nature and complexity of each
          client’s circumstances, as well as the experience and qualifications of the individual conducting the work.
          An estimate for total hours will be determined at the start of the advisory relationship. Up to 50% of the
          estimated fee may be due upon signing the advisory agreement, with the balance (based on actual hours)
          due upon presentation of the plan to the client, or as invoiced.

 The exact fee payable by the client along with the payment terms will be listed in the finical planning agreement
 signed by the firm and the client. Either party may terminate the financial planning agreement by written notice
 to the other. Any collected but unearned fees for those services will be promptly refunded to the client upon
 termination of the financial planning agreement. SFA does not require the prepayment of over $500 per client,
 six or more months in advance.

 Third Party Investment Adviser Fees
 SFA refers clients to other various independent registered investment advisers. In such situations, SFA will share
 in the fee paid by you, as the client, to the TPIA. The key compensation terms are disclosed in the TPIA's disclosure
 documents as well as in disclosures provided by SFA (of which you will be required to acknowledge receipt). These

Schwan Financial Advisors, LLC
Form ADV Part 2A Brochure

 fees may or may not be negotiable. Our compensation may differ depending upon our firm’s individual agreement
 with each TPIA. SFA or its Associated Persons may have an incentive to recommend one TPIA over another TPIA
 with whom it has less favorable compensation arrangements or other advisory programs offered by TPIAs with
 which it has no compensation arrangements. In order to address this conflict, our firm has adopted a code of
 ethics that obliges all Associated Persons to deal fairly with all clients, to uphold their fiduciary duty, and to put
 the client's interest first. Clients are not required to use the services of any TPIA we recommend. The total fees
 charged by the TPIA, including the portion shared with our firm, will not exceed 3% of assets under management
 per year.

 SFA does not deduct advisory fees from client accounts. All fees are deducted by the TPIA managing the account
 and a portion of that fee is paid to our firm.

 Pension Consulting Services Fees
 The fees for Pension Consulting Services will be charged in one or more of the following three ways:

     1.   As a percentage of assets under consultation and monitoring, ranging from 0.25% to 1.0%. SFA will quote
          an exact percentage to each client based on the nature, size and complexity of the account. For this fee
          arrangement, clients will be charged in advance at the beginning of each calendar quarter based upon
          the values of the last month (market value or fair market value in the absence of market value, plus any
          credit balance or minus any debit balance) of the client’s account during the previous quarter.
     2.   As a fixed fee, typically ranging from $500 - $250,000, depending on the nature and complexity of each
          client’s circumstances. Up to 50% of this fee may be due upon signing the agreement, with the balance
          due upon completion of the work.
     3.   On an hourly basis, ranging from $125 - $450 per hour, depending on the nature and complexity of each
          client’s circumstances, as well as the experience and qualifications of the individual conducting the work.
          An estimate for total hours and the hourly rate will be provided at the start of the advisory relationship.
          Up to 50% of the estimated fee may be due upon signing the advisory agreement, with the balance
          (based on actual hours) due upon completion of the work.

 Any collected but unearned fees for these services will be promptly refunded to the client upon termination of
 the financial planning agreement. SFA does not require the prepayment of over $500 per client, six or more
 months in advance.

 Additional Fees and Expenses
 As part of the advisory services provided through TPIAs, you may be invested in, or solicited to invest in, mutual
 funds and exchange traded funds. The management fees that you pay to the TPIA (including the portion paid to
 our firm) are separate and distinct from the fees and expenses charged by mutual funds or exchange traded funds
 (as described in each fund’s prospectus) to their shareholders. These fees will generally include a management
 fee and other fund expenses. You will also incur transaction charges and/or brokerage fees when purchasing or
 selling securities. These charges and fees are typically imposed by the broker-dealer or custodian through which
 your account transactions are executed. We do not share in any portion of the brokerage fees/transaction charges
 imposed by the broker-dealer or custodian. To fully understand the total cost you will incur, you should review all
 the fees charged by mutual funds, exchange traded funds, TPIAs, and others.

Schwan Financial Advisors, LLC
Form ADV Part 2A Brochure

 Negotiability of Fees
 We allow Associated Persons servicing the account to negotiate the exact investment management fees within
 the range disclosed in our Form ADV Part 2A Brochure. As a result, the Associated Person servicing your account
...

Types of Clients - Item 7

 We generally offer investment advisory services to individuals, banking and thrift institutions, pension, profit
 sharing and 401(k) plans, trusts, estates and charitable organizations, corporations and other business entities, as
 well as municipalities and other organizations. Accounts managed by TPIAs may be subject to minimum
 investment requirements. We will only recommend TPIAs and/or programs for which you meet any minimum
 requirements. Please review the applicable disclosure brochures and client agreements of the recommended
 TPIAs for information on any minimum requirements they may require.

Schwan Financial Advisors, LLC
Form ADV Part 2A Brochure

                    Methods of Analysis, Investment Strategies and Risk of Loss - Item 8

 Our firm refers clients to TPIAs that provide advice to clients in accordance with the relevant programs provided
 by the TPIA. We will assist you in selecting TPIAs whose investment programs and strategies we have reviewed
 and determined to be appropriate for you based on your individual circumstances and investment goals. We will
 not recommend particular securities or directly manage your assets. Clients should refer to the disclosure
 documents provided by the TPA for more information about these firm's methods of analysis, investment
 strategies, and risks associated with investments.

 Investing in securities involves risk of loss that clients should be prepared to bear. Clients should fully
 understand the nature of the contractual relationship(s) into which they are entering and the extent of their
 exposure to risk. Certain investing strategies may not be suitable for many Managing Members of the public. You
 should carefully consider whether the strategies employed would be appropriate for you in light of your
 experience, objectives, financial resources, and other relevant circumstances.

 General Investment Risk: All investments come with the risk of loss. Investing may involve substantial risks,
 including complete possible loss of principal plus other losses and may not be suitable for many Managing
 Members of the public. Investments, unlike savings and checking accounts at a bank, are not insured by the
 government to protect against market losses. Different market instruments carry different types and degrees of
 risk and you should familiarize yourself with the risks involved in the particular market instruments in which you
 intend to invest.

 Loss of Value: There can be no assurance that a specific investment will achieve its investment objectives and
 past performance should not be seen as a guide to future returns. The value of investments and the income
 derived may fall as well as rise and investors may not recoup the original amount invested. Investments may also
 be affected by any changes in exchange control regulation, tax laws, withholding taxes, international, political,
 and economic developments, and government, economic or monetary policies.

 Interest Rate Risk: Fixed income securities and funds that invest in bonds and other fixed income securities may
 fall in value if interest rates change. Generally, the prices of debt securities rise when interest rates fall, and their
 prices fall when interest rates rise. Longer-term debt securities are usually more sensitive to interest rate changes.

 Credit Risk: Investments in bonds and other fixed income securities are subject to the risk that the issuer(s) may
 not make required interest payments. An issuer suffering an adverse change in its financial condition could lower
 the credit quality of a security, leading to greater price volatility of the security. A lowering of the credit rating of
 a security may also offset the security's liquidity, making it more difficult to sell. Funds investing in lower quality
 debt securities are more susceptible to these problems and their value may be more volatile.

 Foreign Exchange Risk: Foreign investments may be affected favorably or unfavorably by exchange control
 regulations or changes in the exchange rates. Changes in currency exchange rates may influence the share value,
 the dividends or interest earned and the gains and losses realized. Exchange rates between currencies are
 determined by supply and demand in the currency exchange markets, the international balance of payments,
 governmental intervention, speculation, and other economic and political conditions. If the currency in which a

Schwan Financial Advisors, LLC
Form ADV Part 2A Brochure

 security is denominated appreciates against the US Dollar, the value of the security will increase. Conversely, a
 decline in the exchange rate of the currency would adversely affect the value of the security.

 Risks Associated with Investing in Equities: Investments in equities generally refers to buying shares of stocks by
 an individual or firms in return for receiving a future payment of dividends and capital gains if the value of the
 stock increases. There is an innate risk involved when purchasing a stock that it may decrease in value and the
 investment may incur a loss.

 Risks Associated with Investing in Mutual Funds: Mutual funds are professionally managed collective investment
 systems that pool money from many investors and invest in stocks, bonds, short-term money market instruments,
 other mutual funds, other securities, or any combination thereof. The fund will have a manager that trades the
 fund's investments in accordance with the fund's investment objective. While mutual funds generally provide
 diversification, risks can be significantly increased if the fund is concentrated in a particular sector of the market,
 primarily invests in small cap or speculative companies, uses leverage (i.e., borrows money) to a significant
 degree, or concentrates in a particular type of security (i.e., equities) rather than balancing the fund with different
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