Seneca Financial Advisors LLC

Item 5 – Fees and Compensation

In addition to the information provided in Item 4 – Advisory Business, this section provides details
regarding Seneca Financial Advisors’ services along with descriptions of the fees and compensation
arrangements. Fees charged by Seneca Financial Advisors may be higher or lower than fees charged by
other financial professionals offering similar services.

1. Comprehensive Financial Planning
Seneca Financial Advisors may provide financial planning services to its clients that include all or some of
the following areas:

        On-going financial planning including preparation of net worth statements, annual savings needs,
         retirement projections, etc.;
        Employee benefits analysis;
        Retirement planning;
        Life insurance and disability planning;
        Estate planning;
        College education funding;
        Tax planning and compliance; and
        Other areas of importance to the client.

2. Tax Planning Services
Seneca Financial Advisors may provide tax planning and compliance services to the client that will
include all or some of the following areas:

        Collection of data from client and third-party sources;
        Preparation of federal, state, and local tax returns;
        Calculation of estimated tax payments;
        Preparation of income and gift tax projections;
        Discussion of tax saving opportunities and cash flow needs;
        Assistance with audits by federal and state authorities.

3. Investment Consulting Services
Seneca Financial Advisors may provide investment consulting services to the client that will include all or
some of the following areas:

        Determination of current and future asset allocation needs;
        Determination of the client’s risk profile;
        Determination of the client’s goals and objectives;
        Preparation of an Investment Policy Statement;
        Reallocation recommendations for current portfolios.

4. Investment Management Services
Seneca Financial Advisors may also provide Investment Management services to the client. This process
may include all or a part of the following:

    •    Determining appropriate asset allocation policy for the client;

Seneca Financial Advisors LLC                                                              Disclosure Brochure

    •     Recommend various investment vehicles (including, but not limited to mutual funds, ETFs, and
          separate account managers) to develop a diversified portfolio based on the client’s goals,
          objectives and risk profile;
    •     Rebalancing of the client’s portfolio to maintain the proper allocation for each asset class in the
          model;
    •     Rendering of monthly statements of positions held by the client as well as quarterly performance
          reports;
    •     Monitor performance of the entire portfolio in relation to the client’s goals and objectives;
    •     Monitor performance of the individual funds and managers relative to an appropriate benchmark.

Through its Investment Management services, Seneca Financial Advisors provides investment
supervisory services defined as giving continuous investment advice to a client and making investments
for the client based on the individual needs of the client. Through this service, Seneca Financial Advisors
offers a customized and individualized investment program for clients. Various investment strategies are
provided through this service; however, a specific investment strategy and investment policy is crafted for
each client to focus on the specific client’s goals and objectives. Clients may select Seneca Financial
Advisors as the manager of all or a portion of their assets. For many of these clients, the accounts will be
managed with the recommendations for various investments that are chosen based on the asset
allocation, investment objectives and risk tolerance of the particular client.

        Recommendation of Unaffiliated Sub-Advisers: As part of our Investment Management Services,
        we may recommend the use of unaffiliated, third-party investment advisers serving as “Sub-
        Advisers” to manage all or a portion of your assets. Any Sub-Adviser recommended by us shall be
        registered or exempt from registration in your home state. The recommendation of a Sub-Adviser
        shall be made on a non-discretionary basis. The decision to use a Sub-Adviser is always based on
        each client’s individual needs. You will enter into an agreement directly with the unaffiliated Sub-
        Adviser(s). A complete description of the third-party investment advisor’s services acting as Sub-
        Adviser, fee schedules and account minimums will be disclosed in the third-party investment
        advisor’s Form ADV Disclosure Brochure which will be provided to clients at the time an agreement
        for services is executed and account is established with the Sub-Adviser.

        We are always available to answer questions you may have regarding the portion of your account
        managed by the Sub-Adviser and act as the communication conduit between you and the Sub-
        Adviser. Sub-Advisers will generally take discretionary authority to determine the securities to be
        purchased and sold for your accounts.

Seneca Financial Advisors shall obtain clients’ information to determine each individual client’s financial
situation and investment objectives. Accounts are therefore managed on the basis of each client’s
financial situation and investment objectives. At least quarterly, clients are instructed to notify Seneca
Financial Advisors whether the client’s financial situation or investment objectives have changed, or if the
client wants to impose and/or modify any reasonable restrictions on the management of their accounts. At
least annually, Seneca Financial Advisors shall contact individual clients to determine whether their
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Item 7 – Types of Clients

Seneca Financial Advisors generally provides investment advice to the following types of clients:

    •    Individuals
    •    Trusts, estates or charitable organizations
    •    Limited Partnerships, Limited Liability Companies, and Corporations

Minimum Investment Amounts Required
There are no minimum investment amounts or conditions required for establishing an account managed
by Seneca Financial Advisors. Although there are no minimums imposed by Seneca Financial Advisors,
the Firm may offer other programs through select managers with a minimum investment size. Certain
account minimums and fees are negotiable at Seneca Financial Advisors’ discretion.

All clients are required to execute an agreement for services prior to commencing any work.