Steward Partners Investment Advisory LLC

ITEM 5: FEES AND COMPENSATION
This section provides information concerning fees and compensation for investment advisory
services and programs available through us. Additional information regarding fees and
compensation for advisory programs offered by SPIA can be found in the applicable Wrap Fee
Program brochures.

SPIA and our IARs are compensated for our services by charging an advisory fee. Advisory fees
are typically calculated as a percentage of assets under management. The advisory fee is shared
between your IAR and SPIA. Our fees and compensation for investment advisory and portfolio
management services varies based on factors such as, but not limited to; the IAR, the market
value of your assets under management, the type and complexity of the asset management
services provided, the securities utilized, and the investment strategy employed, as well as the
level of administration requested either directly or assumed by the Client. Each of our IARs
negotiates fees directly with you.

The amount of compensation we can receive varies between advisory programs and services,
therefore, we have a financial incentive to recommend an advisory program or service over another
advisory program or service where our level of compensation is less. Notwithstanding that conflict
of interest, SPIA and our IARs take our duty of loyalty to you seriously and will recommend an advisory
program or service in your best interest based on the information you provide.

The costs associated with an advisory account may be more than the costs associated with a
traditional brokerage account arrangement where a client pays a commission for each transaction
but does not receive ongoing advice, this is particularly true for clients that intend to have a low
number of transactions or follow a buy-and-hold approach. If you intend to follow a buy-and-hold
investment strategy or do not wish to receive ongoing investment advice or management services,
you should consider opening a commission-based brokerage account rather than an advisory
account.

As disclosed in Item 4 above, certain programs offered by SPIA are considered to be Wrap Fee
Programs in that there are no commissions or transaction charges. The advisory fee paid by the
Client includes custody, trades, management expertise and reporting in a bundled format. Please
see the respective Wrap Fee Program Brochure for more information on the fees you will pay.

Steward Partners Sponsored Investment Advisory Programs
Steward Partners Managed Account Program
The Program is offered as an account where no separate transaction charges apply and a single
fee is paid for all advisory services and transactions (“Wrap Fee”). All services listed below charge
a “Program Fee” on eligible Program assets that includes the asset based advisory fee, Platform
Fee and, if applicable, Third-Party Money Manager Fee(s). The Program Fee is negotiable
between you and your IAR. Depending on the Service, “Excluded Assets”, which are other
products and services that we offer, but that are not available through the Program you select,
are not typically held in a Program Account. For more details, please refer to applicable Wrap
Fee Brochure. For transactions in Excluded Assets, you will pay all our usual and customary
commissions, transaction fees and other charges. Excluded Assets are not included in the
calculation of the Program Fee. Commissions and fees on Excluded Assets and other charges
will be assessed against your Account on or about the transaction date or another date when
assessed by us. See below for details on fee exclusions, calculations, refunds, and other
information.

                          Schedule of Program Fees and Minimum Account Sizes.
                                                                                                   Minimum
                                                                              Maximum
                                                                                                     New
          Program                                                             Program
                                               Product                                             Account
                                                                                Fee1
                                                                                                    Values3

          Steward                  Steward Partners Discretionary
                                                                                                    $25,000
          Partners                           Portfolios
        Personalized                  Steward Partners Guided
         Portfolios                                                                                 $25,000
                                             Portfolios
                                     Steward Partners Separate
                                        Account Solutions –                                         $25,000
                                         Equity / Balanced
                                     Steward Partners Separate
                                        Account Solutions –                                         $25,000
                                           Fixed Income
                                     Steward Partners Separate
                                     Account Solutions - Model
          Steward                              Equity                                               $25,000
          Partners                          / Balanced
          Managed                    Steward Partners Separate
          Account                       Account Solutions –                                         $25,000
          Solutions                     Model Fixed Income
                                                                                 2.50%
                                         BNY Advisors Asset
...

ITEM 7: TYPES OF CLIENTS
We offer investment advisory services to individuals (including high net worth individuals), pension
and profit-sharing plans, trusts, estates, charitable organizations, corporations, and other business
entities.
SPIA requires a minimum new advisory account opening value of $25,000. Other advisory programs
have higher or lower minimums. Each IAR will also have different account relationship minimums
and smaller accounts may be accepted based upon the specific circumstances of an account. Please
refer to the specific program guide and/or the RJA Wrap Fee Program Brochure for more
information on account minimums.