Smith Brothers Financial LLC

Item 5 – Fees and Compensation

 The following paragraphs detail the fee structure and compensation methodology for services provided by the
 Advisor. Each Client engaging the Advisor for services described herein shall be required to enter into one or more
 written agreements with the Advisor.

 A. Fees for Advisory Services
 Investment Management Services
 Investment advisory fees are paid quarterly, in advance of each calendar quarter, pursuant to the terms of the
 agreement. Investment advisory fees are based on the market value of assets under management at the end of the
 prior quarter. Investment advisory fees range from 0.25% to 1.50% annually based on several factors, including: the
 complexity of the services to be provided, the level of assets to be managed, and the overall relationship with the
 Advisor. Relationships with multiple objectives, specific reporting requirements, portfolio restrictions and other
 complexities may be charged a higher fee. The investment advisory fee in the first quarter of service is prorated from
 the inception date of the account[s] to the end of the first quarter. Fees may be negotiable at the sole discretion of
 the Advisor. The Client’s fees will take into consideration the aggregate assets under management with the Advisor
 to derive the fee. Clients may be offered either a fixed rate schedule or a tiered fee schedule, not to exceed the fees
 range above. All securities held in accounts managed by Smith Brothers Financial will be independently valued by
 the Custodian. Smith Brothers Financial leverages the valuation services provide by LPL but is directly responsible
 for the accuracy of fee billing.

 Use of Independent Managers
 For Client account[s] implemented through an Independent Manager, the Client’s overall fees will include Smith
 Brothers Financials’ investment advisory fee (as noted above) plus advisory fees and/or platform fees charged by the
 Independent Manager[s], as applicable. The Independent Manager may assume responsibility for calculating the
 Client’s fees and deduct all fees from the Client’s account[s]. In such instances, Smith Brothers Financial will not
 charge its fee separately on those assets.
 Financial Planning Services
 Smith Brothers Financial offers financial planning services on an hourly basis ranging up to $300 per hour or a
 negotiated fixed engagement fee. Fees may be negotiable based on the nature and complexity of the services to be
 provided and the overall relationship with the Advisor. An estimate for total hours and/or overall costs will be
 provided to the Client prior to engaging for these services.

 Retirement Plan Advisory Services
 Fees for retirement plan advisory services are charged an annual asset-based fee of up to 1.00% and are billed in
 advance, pursuant to the terms of the retirement plan advisory agreement. Retirement plan fees are based on the
 market value of assets under management at the end of the prior calendar quarter. Fees may be negotiable
 depending on the size and complexity of the Plan.

 B. Fee Billing
 Investment Management Services
 Investment advisory fees are calculated by the Custodian and deducted from the Client’s account[s]. The amount due
 is calculated by applying the quarterly rate (annual rate divided by 4) to the total assets under management with
 Smith Brothers Financial at the end of prior quarter. Clients will be provided with a statement, at least quarterly, from

Disclosure Brochure

 the Custodian reflecting deduction of the investment advisory fee. It is the responsibility of the Client to verify the
 accuracy of these fees as listed on the Custodian’s brokerage statement as the Custodian does not assume this
 responsibility. Clients provide written authorization permitting advisory fees to be deducted by Smith Brothers
 Financial to be paid directly from their account[s] held by the Custodian as part of the investment advisory
 agreement and separate account forms provided by the Custodian.

 Use of Independent Managers
 Client account[s] implemented through Independent Manager[s] will be billed in accordance to the separate
 agreement[s] with the respective parties. These parties will typically add Smith Brothers Financial’s investment
 advisory fee and deduct the overall fee from the Client’s account[s].

 Financial Planning Services
 Financial planning fees may be invoiced up to fifty percent (50%) of the expected total fee upon execution of the
 financial planning agreement. The balance shall be invoiced upon completion of the agreed upon deliverable[s].

 Retirement Plan Advisory Services
 Retirement plan advisory fees may be directly invoiced to the Plan Sponsor or deducted from the assets of the Plan,
 depending on the terms of the retirement plan advisory agreement.
 C. Other Fees and Expenses
 Clients may incur certain fees or charges imposed by third parties in connection with investments made on behalf of
 the Client’s account[s]. Smith Brothers Financial includes securities transactions costs as part of its overall
 investment advisory fee through the Smith Brothers Financial Wrap Fee Program. To avoid conflicts of interest,
 Smith Brothers Financial has entered into an agreement with the Custodian to have unlimited trading volume in the
 Client’s account for a fixed basis point fee, which is paid for by the Advisor. Securities transaction fees for Client-
 directed trades may be charged back to the Client. Please see Item 4.D. above as well as Appendix 1 – Wrap Fee
 Program Brochure.

 In addition, all fees paid to Smith Brothers Financial for investment advisory services are separate and distinct from
 the expenses charged by mutual funds and ETFs to their shareholders, if applicable. These fees and expenses are
 described in each fund’s prospectus. These fees and expenses will generally be used to pay management fees for
 the funds, other fund expenses, account administration (e.g., custody, brokerage and account reporting), and a
...

Item 7 – Types of Clients

 Smith Brothers Financial offers investment advisory services to Smith Brothers Financial offers investment advisory
 services to individuals, high net worth individuals, trusts, estates, and retirement plans. Smith Brothers Financial
 generally does not impose a minimum relationship size.