Stokes Capital Advisors LLC

Item 5: Fees & Compensation

    Compensation for Our Advisory Services

    Comprehensive Portfolio Management:

                     *Assets Under Management              Annual Percentage of Assets Charge
                           First $1,000,000                             1.00%
                           Next $1,000,000                              0.85%
                           Next $1,000,000                              0.65%
                           Over $3,000,000                              0.50%
    *Our firm generally requires a minimum annual fee of $2,000 for our Comprehensive Portfolio Management service.
    However, our firm reserves the right to waive this fee at our discretion.

    Fees to be assessed will be outlined in the advisory agreement to be signed by the client. Annualized
    fees are billed on a pro-rata basis monthly in arrears based on the daily average market value of the
    account(s) during the month. Our firm bills on cash unless otherwise agreed in writing. Fees are
    negotiable and will be deducted from client account(s). Our firm does not offer direct billing as an
    option. As part of this process, the client is made aware of the following:

         a) You provide written authorization permitting us to be paid directly from the managed
            account(s) held by the independent custodian;
         b) Our firm sends an electronic request to the custodian indicating the amount of the fee to be
            paid from the client’s managed account(s);
         c) Your independent custodian sends statements at least quarterly to you showing the market
            values for each security included in the Assets and all disbursements in your account
            including the amount of the advisory fees paid to us.

ADV Part 2A – Firm Brochure                              Page 5                                      Stokes Capital Advisors, LLC

    For the sub-advisory services rendered to our clients, our firm compensates third party investment
    advisory firms or individual advisors a percentage of the overall investment advisory fee charged by
    our firm. The advisory fee paid shall not exceed the fee schedule published for this service.

    Other Types of Fees & Expenses

    Clients will incur transaction fees for trades executed by their chosen custodian via individual
    transaction charges. These transaction fees are separate from our firm’s advisory fees and will be
    disclosed by the chosen custodian. Charles Schwab & Co., Inc. (“Schwab”) does not charge transaction
    fees for U.S. listed equities and exchange traded funds.

    Clients may also pay holdings charges imposed by the chosen custodian for certain investments,
    charges imposed directly by a mutual fund, index fund, or exchange traded fund, which shall be
    disclosed in the fund’s prospectus (e.g., fund management fees, distribution fees, surrender charges,
    qualified retirement plan fees, mark-ups and mark-downs, spreads paid to market makers, fees for
    trades executed away from custodian, wire transfer fees and other fees and taxes on brokerage
    accounts and securities transactions). Our firm does not receive a portion of these fees.

    Termination & Refunds

    Either party may terminate the advisory agreement signed with our firm for our Comprehensive
    Portfolio Management service in writing at any time. Upon notice of termination pro-rata advisory
    fees for services rendered to the point of termination will be charged. If advisory fees cannot be
    deducted, our firm will send an invoice for due advisory fees to the client.

    Commissionable Securities Sales

    Our firm and representatives do not sell securities for a commission in advisory accounts.

Item 7: Types of Clients & Account Requirements

    Our firm has the following types of clients:

         •    Individuals and High Net Worth Individuals;
         •    Trusts, Estates or Charitable Organizations;
         •    Pension and Profit Sharing Plans;
         •    Corporations, Limited Liability Companies and/or Other Business Types

    Our firm generally requires a minimum annual fee of $2,000 for our Comprehensive Portfolio
    Management service. However, our firm reserves the right to waive this fee at our discretion.

ADV Part 2A – Firm Brochure                        Page 6                               Stokes Capital Advisors, LLC