Stenger Family Office LLC

Item 5. Fees and Compensation
  SFO offers services on a fee basis, which includes fixed fees, as well as fees based upon assets under
  management or advisement. Additionally, certain of the Firm’s Supervised Persons, in their individual
  capacities, offer insurance products under a separate commission-based arrangement.

Disclosure Brochure

  Financial Planning and Consulting Fees

  SFO charges a fixed fee for providing financial planning and consulting services under a stand-alone
  engagement. These fees are negotiable and can be up to $5,000 for a financial plan or $500 hourly
  depending upon the scope and complexity of the services and the professional rendering the financial
  planning and/or the consulting services. If the client engages the Firm for additional investment advisory
  services, SFO can offset all or a portion of its fees for those services based upon the amount paid for the
  financial planning and/or consulting services.

  The terms and conditions of the financial planning and/or consulting engagement are set forth in the
  Advisory Agreement. For project-based services SFO requires one-half of the fee (estimated hourly or
  fixed) payable upon execution of the Advisory Agreement. The outstanding balance is due upon delivery
  of the financial plan or completion of the agreed upon services. The Firm does not, however, take receipt
  of $1,200 or more in prepaid fees, six or more months in advance of services rendered.

  The Firm also provides subscription-based services for its content. The Firm will charge an ongoing
  fixed fee for subscriptions. The terms of the fees will be disclosed in the agreement with the subscriber.

  Investment Management Fees

  SFO offers investment management services for an annual fee based on the amount of assets under the
  Firm’s management. This management fee varies between 35 and 125 basis points (0.35% – 1.25%),
  depending upon the size and composition of a client’s portfolio, the type and amount of services rendered
  and the individual(s) providing the services.

  The fee is partially determined by the level of services provided. Those levels can include investment
  management only, wealth management, and family office services. Depending on the amount of assets
  under management with the Firm, the investment management fees can also include the Stenger+
  services as well as an allowance for tax preparation and/or estate planning done through the Firm or a
  third-party Firm with which the Firm has a relationship.

  The annual fee is prorated and charged monthly, in arrears, based upon the market value of the average
  daily account balance as determined by a party independent from the Firm (including the client’s
  custodian or another third-party).

  The Firm includes cash in a client’s account in determining the valuation for billing purposes. The Firm
  may, in its sole discretion, not include cash in determining the fee, especially where a client has a high
  percentage of cash for reasons other than the Firm's investment management decision.

  Since the asset-based fee is determined by average daily account balance, if assets are deposited into or
  withdrawn from an account after the inception of a month, the base fee payable with respect to such

Disclosure Brochure

  assets is adjusted accordingly. In the event the advisory agreement is terminated, the fee for the final
  billing period is prorated through the effective date of the termination and the outstanding or unearned
  portion of the fee is charged or refunded to the client, as appropriate.

  Additionally, for asset management services the Firm provides with respect to certain client holdings
  (e.g., held-away assets, accommodation accounts, alternative investments, etc.), SFO can negotiate a fee
  rate that differs from the range set forth above. Clients are advised that a conflict of interest exists for
  the Firm to recommend that clients engage SFO for additional services for compensation, including
  rolling over retirement accounts or moving other assets to the Firm’s management. Clients retain
  absolute discretion over all decisions regarding engaging the Firm and are under no obligation to act
  upon any of the recommendations.

  Pension Consulting Fees

  The rate for pension consulting services is between 0.50% and 1% of the plan assets for which SFO is
  providing such consulting services. These fees are negotiable. Pension consulting fees are withdrawn
  directly from the client’s accounts with client’s written authorization. Fees are paid quarterly in arrears.

  Fee Discretion

  SFO may, in its sole discretion, negotiate to charge a lesser fee based upon certain criteria, such as
  anticipated future earning capacity, anticipated future additional assets, dollar amount of assets to be
  managed, related accounts, account composition, pre-existing/legacy client relationship, account
  retention, pro bono activities, or competitive purposes.

  Additional Fees and Expenses

  In addition to the advisory fees paid to SFO, clients also incur certain charges imposed by other third
  parties, such as broker-dealers, custodians, trust companies, banks and other financial institutions
  (collectively “Financial Institutions”). These additional charges include securities brokerage
  commissions, transaction fees, custodial fees, fees charged by the Independent Managers, margin and
  other borrowing costs, charges imposed directly by a mutual fund or ETF in a client’s account, as
  disclosed in the fund’s prospectus (e.g., fund management fees and other fund expenses), deferred sales
  charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and other fees and
  taxes on brokerage accounts and securities transactions. The Firm’s brokerage practices are described at
  length in Item 12, below. Schwab does not charge commissions on many types of transactions.

Disclosure Brochure

  Direct Fee Debit
...

Item 7. Types of Clients
  SFO offers services to individuals, trusts, estates, pension and profit-sharing plans. charitable
  organizations, corporations and other business entities.

  SFO does not impose a stated minimum fee or minimum portfolio value for starting and maintaining an
  investment management relationship. The Firm does, however, have minimum investments in certain of
  its portfolios or services (as described above).