Stephens Consulting LLC

5. Fees and Compensation

      A.                                              INVESTMENT ADVISORY SERVICES
            The Registrant provides discretionary and non-discretionary investment advisory services on a negotiable fee
            only basis. The Registrant’s annual investment advisory fee shall be based upon a percentage (%) of the
            market value of the assets placed under the Registrant’s management, generally ranging between 0.40%
            and 1.30%, as follows:
                                                 Amounts less than $500,000

                                                    First $500,000                   1.30%

                                                 Amounts greater than $500,000

                                                    First $1,000,000                 1.0%

                                                    Next $4,000,000                  0.85%

                                                    Next $5,000,000                  0.70%

                                                    Next $10,000,000                 0.50%

                                                    Amounts over $20,000,000         0.40%

            The Registrant, in its sole discretion, may charge a lesser investment management fee and/or a fixed fee
            based upon certain criteria (i.e., anticipated future earning capacity, anticipated future additional assets,
            dollar amount of assets to be managed, related accounts, account composition, negotiations with client,
            etc.). As result of the above, similarly situated clients could pay different fees. In addition, similar advisory
            services may be available from other investment advisers for similar or lower fees.

                                    FINANCIAL PLANNING AND CONSULTING SERVICES (STAND-ALONE)

            The Registrant may provide financial planning and/or consulting services (including investment and non-
            investment related matters, including estate planning, insurance planning, etc.) on a stand-alone fee basis.
            Registrant’s planning and consulting fees are negotiable, but generally range from $500 to $15,000 on a
Form ADV Part 2A: Disclosure Brochure | February 9, 2025

          FORM ADV PART 2A:
          DISCLOSURE BROCHURE

            fixed fee basis, and from $100 to $500 on an hourly rate basis, depending upon the level and scope of the
            service(s) required and the professional(s) rendering the service(s).
                                                           RETIREMENT PLAN SERVICES

            The Registrant provides retirement plan consulting services, in the capacity of either a 3(21) or 3(38)
            advisor, pursuant to which it assists sponsors of self-directed retirement plans with the selection and/or
            monitoring of investment alternatives from which plan participants shall choose in self-directing the
            investments for their individual plan retirement accounts. The Registrant’s annual fee for these services
            shall generally range from negotiable up to 1.00% of the total assets maintained within the plan. Retirement
            Plan advisory billing is in arrears conducted on a monthly or quarterly basis by the plan recordkeeper, with
            a portion of the fee remitted to the Registrant.

                                                   StoneCastle FICA Cash Management Program

            Clients who participate in the Federally Insured Cash Account, FICA (“FICA”), which is StoneCastle Cash
            Management, LLC’s proprietary cash management vehicle, will pay a fee, based upon assets under
            administration, to StoneCastle Cash Management, LLC. Clients will also pay an annual administrative fee
            of 0.10% to the Registrant for administrative services based upon assets under administration in the
            program.

       B. Clients may elect to have the Registrant’s advisory fees deducted from their custodial account. Both
          Registrant’s Agreement and the custodial/clearing agreement may authorize the custodian to debit the
          account for the amount of the Registrant’s investment advisory fee and to directly remit that advisory fee
          to the Registrant in compliance with regulatory procedures. In the limited event that the Registrant bills
          the client directly, payment is due upon receipt of the Registrant’s invoice.

            Registrant shall treat intra-quarter account additions and withdrawals equally. Specifically, Registrant
            does not generally adjust the quarterly fee for asset additions/withdrawals during the quarter unless the
            client adds or withdraws from the account more than $100,000 on a net basis on any single market day. In
            such event, Registrant shall charge a pro-rated fee or issue a pro-rated reimbursement based upon the
            number of days remaining in the billing quarter.

       C. As discussed below, unless the client directs otherwise or an individual client’s circumstances require,
          Registrant shall generally recommend that Raymond James & Associates (“Raymond James”) or Charles
          Schwab and Co., Inc. (“Schwab”) serve as the broker-dealer/custodian for client investment management
          assets. Broker-dealers such as Raymond James or Schwab may charge transaction fees for effecting certain
          securities transactions. Registrant does not provide discretionary investment advisory services if the
          account(s) is held at a different broker-dealer/custodian.
            In addition to the Registrant’s investment management fee and/or transaction fees, clients will also incur,
            relative to all mutual fund and exchange traded fund purchases, charges imposed at the fund level (e.g.,
            management fees and other fund expenses).
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7. Types of Clients
               The Registrant’s clients shall generally include individuals, qualified plans, business entities, trusts, and
               estates. The Registrant does not impose a specific minimum asset or minimum advisory fee requirement.