Sound Portfolio Advisors 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 a written
agreement with the Advisor.

A. Fees for Advisory Services
Investment Management Services
Investment advisory fees are paid quarterly, at the end of each calendar quarter, pursuant to the terms of the
investment advisory agreement. Investment advisory fees are based on the market value of assets under
management at the end of the calendar quarter. Investment advisory fees are based on the following schedule:

                  Assets Under Management ($)               Annual Rate (%)
                  First $1,000,000                                1.00%
                  Next $1,000,000                                 0.85%
                  Amounts above $2,000,000                        0.50%

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. All securities held in accounts managed by
Sound Portfolio Clients will be independently valued by the Custodian. Sound Portfolio will conduct periodic reviews
of the Custodian’s valuations.

                                              Sound Portfolio Advisors, LLC
                                              28 Cottrell St. Mystic, CT 06355
                                                  Phone: (860) 536-8992
                                                 www.soundportfolios.com

Certain Sound Portfolio Clients pay investment advisory fees pursuant to a different schedule under a legacy fee
agreement.

The Advisor’s fee is exclusive of, and in addition to any applicable securities transaction and custody fees, and other
related costs and expenses described in Item 5.C. below, which may be incurred by the Client. However, the Advisor
shall not receive any portion of these commissions, fees, and costs.

B. Fee Billing
Investment Management Services
Investment advisory fees are calculated by the Advisor or its delegate and deducted from the Client’s account[s] at
the Custodian. The Advisor shall send an invoice to the Custodian indicating the amount of the fees to be deducted
from the Client’s account[s] at the quarter-end date. The amount due is calculated by applying the quarterly rate
(annual rate divided by 4) to the total client assets under management with Sound Portfolio at the end of each
quarter. Clients will be provided with a statement, at least quarterly, from the Custodian reflecting the deduction of
the investment advisory fee. In addition, the Advisor will provide the Client a report itemizing the fee, including the
calculation period covered by the fee, the account value, and the methodology used to calculate the fee. Clients are
urged to also review and compare the statement provided by the Advisor to the brokerage statement from the
Custodian, as the Custodian does not perform a verification of fees. Clients provide written authorization permitting
advisory fees to be deducted by Sound Portfolio 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.

C. Other Fees and Expenses
Clients may incur certain fees or charges imposed by third parties other than Sound Portfolio in connection with
investments made on behalf of the Client’s account[s]. The Client is responsible for all custody and securities
execution fees charged by the Custodian, as applicable. The Advisor's recommended Custodian does not charge
securities transaction fees for ETF and equity trades in a Client's account, provided that the account currently
meets the terms and conditions of the Custodian's brokerage requirements. However, the Custodian typically
charges for mutual funds and other types of investments. The fees charged by Sound Portfolio are separate and
distinct from these custody and execution fees.

In addition, all fees paid to Sound Portfolio 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 possible distribution fee. A Client may be able to invest in these products directly, without the services of Sound
Portfolio, but would not receive the services provided by Sound Portfolio, which are designed, among other
things, to assist the Client in determining which products or services are most appropriate for each Client’s
financial situation and objectives. Accordingly, the Client should review both the fees charged by the fund[s] and
the fees charged by Sound Portfolio to fully understand the total fees to be paid. Additionally, as noted above, the
Advisor will select share classes that do not have trading costs but do have higher internal expense ratios than
institutional share classes. Please refer to Item 12 – Brokerage Practices for additional information.

D. Advance Payment of Fees and Termination
Investment Management Services
Sound Portfolio is generally compensated for its investment management services at the end of the quarter after
services are rendered. Either party may terminate the investment advisory agreement, at any time, by providing
advance written notice to the other party. The Client may also terminate the investment advisory agreement within
five (5) business days of signing the Advisor’s agreement at no cost to the Client. After the five-day period, the Client
...

Item 7 – Types of Clients

Sound Portfolio offers investment advisory services to individuals, high net worth individuals, trusts, and estates.
The amount of each type of Client is available on Sound Portfolio’s Form ADV Part 1A. These amounts may
change over time and are updated at least annually by the Advisor. Sound Portfolio generally requires a minimum
relationship size of $500,000 to implement its investment process. This minimum may be waived at Sound
Portfolio’s discretion.