Siebert Advisornxt LLC

Fees and Compensation

 Our annual fees for Investment Supervisory Services are based upon a percentage of assets under management and
 generally range from .25% to 2.5%. Fees are based on total assets under management, which include cash balances.

 Limited Negotiability of Advisory Fees: Siebert AdvisorNXT has established the aforementioned fee schedule(s), we
 retain the discretion to negotiate alternative fees on a client-by-client basis. Client facts, circumstances and needs
 are considered in determining the fee schedule. These include the complexity of the client, assets to be placed under
 management, anticipated future additional assets; related accounts; portfolio style, account composition, and
 reports, among other factors. The specific annual fee schedule is identified in the Investment Management
 Agreement (IMA) between the adviser and each client. IARs may in their separate capacity be licensed as registered
 representatives of Muriel Siebert & Co., LLC, an affiliated broker-dealer and/or licensed as insurance agents or
 brokers. These individuals are able to implement investment recommendations for clients for separate and typical
 compensation (i.e., commissions, 12b-1 fees or other sales-related forms of compensation). This presents a conflict
 of interest to the extent that these individuals recommend that a client invest in a security which results in a
 commission being paid to the individuals. Siebert AdvisorNXT does not charge advisory fees in addition to
 commissions or mark ups when one of its IARs sells securities products through Muriel Siebert & Co., LLC. Clients
 are not under any obligation to engage these individuals when considering implementation of advisory
 recommendations and clients have the option to purchase investment products that our IARs recommend through
 other brokers or agents that are not affiliated with us. The implementation of any or all recommendations is solely
 at the discretion of the client.

 The annual fee includes all brokerage commissions, transaction fees, and other related costs and expenses except
 those inherent in a particular investment vehicle. The annual investment advisory fee is prorated and charged
 quarterly, in advance. Depending on the vendor, the calculation may be based on the average daily balance of the
 previous quarter, or the calculation may be based on the balance on the last day in the quarter. Calculations may
 include cash balances. AdvisorNXT may change the fee at any time by giving 30 days’ prior written notice.

Additional Fees and Expenses

 The advisory fees may not cover fees and charges in connection with debit balances; margin interest, odd-lot
 differentials, IRA fees, transfer taxes, exchange fees, wire transfers, extensions, non-sufficient funds, mailgrams,
 legal transfers, bank wires, postage, costs associated with exchanging foreign currencies, and SEC fees or other fees
 or taxes required by law.

 AdvisorNXT

 AdvisorNXT offers you a dedicated Investment Advisor for support and guidance with your investments.

 General AdvisorNXT Management Fee Program

 The AdvisorNXT program is a wrap fee program sponsored by Siebert. This portion of the Wrap Fee Brochure
 describes the business of Siebert as it relates to clients receiving services through the AdvisorNXT Program. Certain
 sections also describe the activities of the Firm’s Supervised Persons, which refer to any officers, partners, directors
 (or other persons occupying a similar status or performing similar functions), employees, or other persons who
 provide investment advice on behalf of AdvisorNXT.

The Program includes discretionary investment advice offered by AdvisorNXT through its Premier platform.
AdvisorNXT Premier offers access to an assigned, dedicated, qualified Investment Advisor Representative who will
interact with the client on a regular basis and will be responsible for managing clients’ investment needs. The fee
for Premier Service is negotiated between the client and adviser and will fall between .25% and 2.50%.

The annual fee includes all brokerage commissions, transaction fees, and other related costs and expenses except
those inherent in a particular investment vehicle. However, they may not cover fees and charges in connection with
debit balances; margin interest, odd-lot differentials, IRA fees, transfer taxes, exchange fees, wire transfers,
extensions, non-sufficient funds, mailgrams, legal transfers, bank wires, postage, costs associated with exchanging
foreign currencies, and SEC fees or other fees or taxes required by law. Though the firm attempts to waive most of
these charges, there could be occasions where they are charged.

The annual investment advisory fee is prorated and charged quarterly, in advance. Depending on the vendor, the
calculation may be based on the average daily balance of the previous quarter, or the calculation may be based on
the balance on the last day of the quarter. Calculations may include cash balances.

Fees for Management during Partial Quarters of Service

Investment Advisory Fees for the initial period or the first quarter of service are calculated on a pro rata basis from
the inception date of the account to the end of the first quarter.

The Agreement between the Firm and the client will continue in effect until terminated by either party pursuant to
the terms of the Agreement. The Firm’s fees are prorated through the date of termination and any remaining balance
is charged or refunded to the client, as appropriate.

Fees Charged by Financial Institutions

The Firm generally recommends that clients utilize the brokerage and clearing services of either National Financial
Services LLC (“NFS”) or Muriel Siebert & Co., LLC for investment management accounts. The Firm may only
implement its investment management recommendations after the client has arranged for and furnished all
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