Strategic Advisory Services LLC

Item 5 – Fees and Compensation

   IAR’s may only provide services and charge fees based on the Asset Management Agreement.
   However, the exact service and fees charged to a particular client are dependent upon the IAR that
   is working with the client. The IAR will consider the individual needs of each client when
   recommending an advisory platform. Furthermore, investment strategies and recommendations
   are tailored to the individual needs of each client.

   Model Wealth Portfolios

   Clients participating in the Model Wealth Portfolios program pay an advisory fee to the Firm for
   investment advisory services. This advisory fee is typically calculated as a percentage of the assets
   held in the account and is billed as described elsewhere in this brochure.

   In addition to the Firm’s advisory fee, clients incur other fees and expenses associated with the
   MWP program. These may include:

          Program or platform fees charged by LPL Financial LLC
          Fees and expenses charged by the underlying mutual funds and ETFs held in the model
           portfolios

       Brokerage or transaction costs where applicable

These fees are separate from and in addition to the Firm’s advisory fee. Clients should review the
applicable program documentation and prospectuses of the underlying investments for a complete
description of these fees.

Because the Firm recommends that clients custody assets at LPL Financial and may recommend the
use of LPL’s Model Wealth Portfolios program, a conflict of interest exists in that the Firm benefits
from the advisory fees associated with assets maintained in these accounts. Clients are not required
to participate in the MWP program and may implement investment strategies outside of the
program if they choose.

Strategic Wealth Management

Clients participating in the SWM program pay a bundled fee for investment advisory services. This
fee generally includes:

       The advisory fee paid to the Firm
       Program and administrative fees charged by LPL Financial LLC
       Portfolio management fees paid to third-party managers or strategists, if applicable

When managing a client's account on a wrap fee basis, SAS receive as compensation for our
investment advisory services, the balance of the total wrap fee you pay after custodial, trading and
other management costs (including execution and transaction fees) have been deducted.
Accordingly, SAS has a conflict of interest because we have a financial incentive to maximize our
compensation by seeking to reduce or minimize the total costs incurred in your account(s) subject
to a wrap fee.

The total program fee is typically calculated as a percentage of assets under management and is
billed as described elsewhere in this brochure.

Clients should be aware that the SWM program fee does not include certain costs associated with
investing. Additional fees may include:

       Internal expenses of mutual funds or exchange-traded funds
       Transaction charges for certain securities where applicable
       Other account-related expenses

These fees and expenses are separate from and in addition to the program fee.

Because SAS recommends the SWM program available through LPL Financial LLC, SAS has a financial
incentive to recommend the program since SAS receives a portion of the advisory fee paid by clients.
Clients are not obligated to participate in the SWM program and may choose other investment
options or programs.
IAR’s can offer asset management accounts where clients are charged transaction fees in addition
to the advisory fee or where the transactions fees are absorbed as part of the advisory fee. The
advisory fee for accounts where the IAR does not charge a transaction fee may be higher than an
account where the client is charged a transaction fee. Depending on the anticipated level of trading

and account size, IAR’s of SAS will work with each client to determine the most cost effective fee
structure.
Transaction charges vary based on the type of transaction (e.g., mutual fund, equity or ETF) and for
mutual funds based on whether the mutual fund pays 12b-1 fees and/or recordkeeping fees to
LPL.
      Transaction charges paid by the Advisor for equities, ETFs, and UTIs are $0 to $25.
      For mutual funds, the transaction charges range from $0 to $26.50.
In addition, class A Shares typically pay LPL a 12b-1 fee for providing brokerage-related services to
the mutual funds. Whereas I Shares generally are not subject to 12b-1 fees.
      Clients should understand that the transaction charges may be a factor is considered
       when deciding which securities to select and how frequently to place transactions.
      Clients should understand this conflict and consider the additional indirect expenses of the
       mutual fund fees when negotiating and discussing with your Advisor the advisory fee for
       management of an account.
      This conflict is mitigated by the fiduciary duty to act in the client’s best interest and acting
       accordingly.

Clients may also incur certain charges imposed by third-parties in connection with investments
made in the account(s), including , but not necessarily limited to, the following types of charges:
investment managers, mutual fund management fees and administrative serving fees, mutual fund
12b-1 fees, certain deferred sales charges on previously purchased mutual funds, clearing, custody,
postage and handling, other transaction charges and service fees (i.e. account transfer fees, wire
transfer fees, termination fees, etc.) interest on debt balances, IRA Qualified Retirement Plan fees,
and other costs or charges with securities transactions mandated by law. Further information
regarding charges and fees assessed by a mutual fund or other securities sponsors is available in the
appropriate prospectus or disclosure statement.

Sub-Advisor Fees
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Item 7 – Types of Clients

We provide investment advice to individuals, high net worth individuals, small businesses, , estates,
charitable organizations as well as state and corporations and pension plans.