Smart Money Group LLC

Item 5: Fees & Compensation

    Compensation for Our Advisory Services

    Portfolio Management:

    For our services, we charge a percentage of a client’s assets under our management, generally
    determined in accordance with the following annual fee schedule:

                                                FEE SCHEDULE
                              Market Value of Assets                            Rate*
                                Less than $250,000                              1.5%
                               $250,001 to $500,000                             1.4%
                              $500.001 to $1,000,000                            1.3%
                                $1,000,001 and over                             1.2%
                                   *Specified rate applies only to assets in that tier.

    Fees to be assessed will be outlined in the advisory agreement to be signed by the Client. Annualized
    fees are billed quarterly in advance based on the asset value of the client’s account at the end of the
    previous quarter as provided by third-party sources, such as pricing services, custodians, fund
    administrators, and client-provided sources. Cash and accrued interest will be included for billing
    purposes unless determined otherwise in our sole discretion. For the initial period, our fee will be prorated
    and paid, in arrears, based on the value of the account as of the last business day of the previous quarter.
    For accounts closed after the beginning of a new calendar quarter, our fees will be prorated and any
    unearned fees will be refunded to you.

    Fees are negotiable and will be deducted from client account(s). In rare cases, our firm will agree to
    directly invoice. As part of this process, Clients understand the following:

         a) The client’s independent custodian sends statements at least quarterly showing the market
            values for each security included in the Assets and all account disbursements, including the
            amount of the advisory fees paid to our firm;
         b) Clients will provide authorization permitting our firm to be directly paid by these terms. Our
            firm will send an invoice directly to the custodian; and
         c) If our firm sends a copy of our invoice to the client, a legend urging the comparison of
            information provided in our statement with those from the qualified custodian will be
            included.

    Financial Planning & Consulting:

    Our firm charges on an hourly or fixed fee basis for financial planning and consulting services. The total
ADV Part 2A – Firm Brochure                            Page 6                                    Smart Money Group, LLC

    estimated fee, as well as the ultimate fee charged, is based on the scope and complexity of our
    engagement with the client. The maximum hourly fee to be charged will not exceed $350. Fixed fees
    will not exceed $50,000. The fee-paying arrangements for this service will be determined on a case-
    by-case basis and will be detailed in the signed consulting agreement. Clients will be invoiced directly
    for the fees. We do not require or solicit prepayment of more than $1,200 in fees per client, six months
    or more in advance.

    Clients Responsible for Fees Charged by Financial Institutions and Third-Party Money Managers:

    In connection with our management of an account, a client will incur fees and/or expenses separate
    from and in addition to our advisory fee. These additional fees may include transaction charges and
    the fees/expenses charged by any custodian, subadvisor, mutual fund, ETF, separate account manager
    (and the manager’s platform manager, if any), limited partnership, or other advisor, transfer taxes,
    odd lot differentials, exchange fees, interest charges, ADR processing fees, and any charges, taxes or
    other fees mandated by any federal, state or other applicable law, retirement plan account fees
    (where applicable), margin interest, brokerage commissions, mark-ups or mark-downs and other
    transaction-related costs, electronic fund and wire fees, and any other fees that reasonably may be
    borne by a brokerage account. For third-party money managers, clients should review each manager’s
    Form ADV 2A disclosure brochure and any contract they sign with the third-party money manager (in
    a dual contract relationship). The client is responsible for all such fees and expenses. Please see Item

Item 7: Types of Clients & Account Requirements

    Our firm has the following types of clients:
       • Individuals and High Net Worth Individuals;
       • Trusts, Estates or Charitable Organizations;
       • Pension and Profit Sharing Plans;
       • Corporations, Limited Liability Companies and/or Other Business Types.

    Our minimum initial account value is $50,000; however, we may accept accounts for less than the
    minimum.