Sunstate Wealth Management LLC

ITEM 5 |      FEES AND COMPENSATION

Compensation for Advisory Services
Sunstate Wealth Management, LLC (“Sunstate”) receives compensation for investment advisory services through
asset-based advisory fees, wrap fees, flat fees, or hourly fees, depending on the services selected by the client. All fees
are disclosed in the applicable advisory agreement and are negotiable.

Clients should review their advisory agreement carefully to understand the specific fees applicable to their accounts.

Asset Management
For Asset Management services, the maximum annual advisory fee charged will not exceed 2.00% of assets under
management. Fees are outlined in each client’s advisory agreement and are typically billed quarterly in arrears on a
pro-rata basis, based on account value as of the last day of the applicable quarter.

Fees are generally deducted directly from client accounts with written authorization. In limited circumstances,
Sunstate may invoice clients directly.

   ■ Custodians provide quarterly statements reflecting holdings, transactions, and advisory fees.
   ■ Clients are encouraged to compare any advisory invoices with custodial statements.

Comprehensive Portfolio Management
For Comprehensive Portfolio Management services, the maximum annual advisory fee will not exceed 2.00% of assets
under management. Fees are billed quarterly in arrears based on the account value at the end of the applicable
quarter. Billing, authorization, and disclosure practices are consistent with those described above for Asset
Management services.

Financial Planning and Consulting
Financial planning and consulting services are billed on an hourly or flat-fee basis depending on the scope and
complexity of the engagement. Hourly fees will not exceed $350, and flat fees generally range from $1,500 to
$10,000.

A retainer may be required at the start of the engagement, with the balance due upon delivery of services. Refunds for
uncompleted services are handled as described below.

Wrap Fee Program
Clients participating in Sunstate’s Wrap Fee Program pay a single, asset-based fee that covers investment advisory
services and certain custodial and transaction-related services. The maximum annual wrap fee will not exceed 2.00%
of account value and is billed quarterly in arrears based on the applicable quarter’s ending balance.

The Wrap Fee generally eliminates separate trading commissions for transactions executed within the Program but
may not include certain charges, such as wire transfers, specialized services, margin interest, or investments held
outside the Program. Fees are negotiable and disclosed in each client’s Wrap Fee Advisory Agreement.

Additional details regarding Wrap Fee Program fees, services, conflicts of interest, and best-execution considerations
are provided in Sunstate’s Wrap Fee Brochure (Form ADV Part 2A, Appendix 1).

Sunstate Wealth Management, LLC                  Firm Brochure · May 11, 2026                                  Page 7 of 28

 SUNSTATE                                                                                   FORM ADV PART 2A
 WEALTH MANAGEMENT, LLC                                                                                    Firm Brochure

   Billing in Arrears.
   Asset-based advisory fees and wrap fees are billed after services have been provided for the applicable billing
   period. The Firm does not collect asset-based advisory fees or wrap fees in advance of services rendered.

   Important Disclosure Regarding Margin Accounts
   For accounts custodied at Interactive Brokers where margin is permitted, advisory fees are calculated based
   on the gross value of assets, including any borrowed funds. This will result in higher advisory fees than if fees
   were calculated on net equity. Clients using margin will therefore pay higher fees.

Sub-Advisory Fees
For certain accounts and strategies, Sunstate engages unaffiliated third-party investment advisers to act as sub-
advisers and provide discretionary portfolio management services pursuant to written sub-advisory agreements. Sub-
advisers are compensated by Sunstate, not by clients.

Sunstate has entered into a sub-advisory agreement with Xendia Wealth LLC (formerly BCP Advisors LLC) (“Xendia”).
Under this agreement, Sunstate pays Xendia a negotiated, tiered asset-based sub-advisory fee and a one-time
implementation fee.

These sub-advisory fees represent an internal expense of Sunstate’s advisory business and are paid from Sunstate’s
advisory compensation. They do not increase the advisory fees paid by clients, and clients do not pay Xendia directly.
Xendia’s retail or publicly disclosed fee schedules do not apply to Sunstate clients.

For Wrap Fee Program accounts that utilize a sub-adviser, sub-advisory compensation is paid by Sunstate from the
Wrap Fee and does not result in an additional fee to the client.

Referrals to Third-Party Money Managers
For certain accounts, Sunstate may refer clients to independent third-party money managers. In these arrangements,
the total advisory fee will not exceed 2.00% annually. Sunstate may receive a portion of the advisory fee as disclosed
in the client’s advisory agreement.

Clients receive all required disclosure documents, including the third-party manager’s Form ADV Part 2A and any
applicable solicitation disclosures.

Termination of Agreements and Refunds
Either party may terminate an advisory agreement at any time upon written notice. Because asset-based advisory fees
and wrap fees are billed in arrears, fees due through the termination date will be calculated on a pro-rata basis and
billed following termination. For financial planning and consulting engagements, refunds of any retainer paid in
advance are based on the time and effort expended through the termination date.

Portfolio Valuation for Fee Calculation
Advisory fees are calculated based on independent pricing and/or valuations provided by the account custodian.
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ITEM 7 |      TYPES OF CLIENTS

Sunstate Wealth Management, LLC provides investment advisory services to the following types of clients:

   ■ Individuals (including both U.S. persons and non-U.S. persons)
   ■ High net worth individuals (including both U.S. persons and non-U.S. persons)
   ■ Corporations and other business entities (including U.S. and non-U.S. entities)

Sunstate generally requires a minimum account size of $100,000 to provide ongoing investment advisory services.
The Firm may, in its discretion, waive this minimum based on factors such as the client’s financial circumstances, scope
of services requested, or the nature of the advisory relationship.

Sunstate Wealth Management, LLC                 Firm Brochure · May 11, 2026                                Page 12 of 28

 SUNSTATE                                                                                     FORM ADV PART 2A
 WEALTH MANAGEMENT, LLC                                                                                     Firm Brochure