Swan Capital LLC

Item 5 – Fees and Compensation

Asset Management Fee Schedule
Swan Capital does not impose a minimum account balance for the opening of an account with the
Adviser. Clients will pay 1.2% annually. Fees are charged monthly in arrears based on your end of month
balance, i.e. End of Month Balance x (Fee%)/ 12.
The fees shown above are annual fees. The fee paid to Swan Capital may be negotiable based upon
certain circumstances. No increase in the annual fee shall be effective without prior written notification.
Swan Capital believes the advisory fee is reasonable considering the fees charged by other investment
advisers offering similar services/programs.
Direct Indexing
For accounts in the Direct Indexing strategy, we charge a performance-based fee in place of the
standard asset management fee described above. All gains are split between the Client and Swan
Capital, with 80% going to the Client and 20% going to Swan. Fees may be negotiated at the adviser’s
discretion. Performance is calculated based on the quarter-end balance relative to the previous quarter
and fees are charged quarterly in arrears.
Swan Capital applies a high-water mark when calculating performance-based fees. This means that a
performance fee will only be charged on net profits that exceed the highest previous value of the
account on which a performance fee has already been paid. This is intended to ensure that clients are
not charged a performance fee on gains that simply recover prior losses.
For deposits and withdrawals made during the billing period, performance is prorated and these funds
are not considered when calculating whether the portfolio has outperformed the high-water mark.
Automatic Payment of Fee
The Client agrees to authorize the Custodian to pay directly to Swan Capital upon receipt of notice, the
Account's investment advisory services fee. Fee withdrawals will occur no more frequently than
monthly from the Client's Account, unless specifically instructed otherwise by the Client.

The Custodian will send to the Client a statement, at least monthly, indicating all amounts disbursed from
the Account, including the fee paid directly to Swan Capital. Swan Capital's access to the Assets of the
Account will be limited to trading and the withdrawals authorized above. Additionally, Swan Capital will
send to the Client an invoice reflecting the amount of the fee, the [previous month/quarter average
daily, quarter or month ending balance] for the Client's Account on which the fee was based, and the
specific manner in which the fee was calculated.

Financial Planning

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Swan Capital charges $250 per hour for financial planning services. Please refer to the Consulting
Agreement for the fee you will pay for the services to be provided. All fees are negotiable at the Adviser’s
discretion.

Under no circumstances will we accept prepayment of more than $1,200 in fees per client, six months
or more in advance. The financial planning agreement will terminate once you receive the final plan.

If the plan is implemented through us, we may receive compensation from the sale of insurance products
or advisory services recommended in the financial plan. This compensation would be in addition to the
financial planning fee you pay. The fees and expenses you pay for the purchase of these products may
be more or less than the expenses you would pay should you decide to implement our
recommendations through another investment advisory firm or broker-dealer and are typically
determined by the broker- dealer or investment company sponsoring the product. Therefore, a conflict
of interest may exist between our interests and your interests since we may recommend products that
pay us compensation. We may have an incentive to recommend particular products based upon the
potential compensation rather than your needs. This potential conflict is addressed in our Code of
Ethics.

Consulting
Consulting services will be billed at a rate of $250 per hour. Please refer to the Consulting Agreement for
the fee you will pay for the services to be provided. All fees are negotiable at the Adviser’s discretion.

We do not accept prepayment of more than $1,200 in fees per client, six months or more in advance.
All recommendations developed by us are based upon our professional judgment. We cannot guarantee
the results of any of our recommendations.

All recommendations developed by us are based upon our professional judgment. We cannot
guarantee the results of any of our recommendations.

Retirement Consulting & Held Away Assets

Fees for held away account management will not exceed 1.2% annually and may be negotiated at our
discretion. Fees are calculated and billed quarterly in arrears based on the account value at the end of
the billing period, except for accounts onboarded during a billing quarter, which will be charged a
prorated fee based on the number of days the account was managed during the billing period.

Fees are generally debited from your taxable accounts or if you do not have a taxable account, or the
assets in that account are insufficient to bill, you will receive an invoice to be paid with 30 days. Since
fees are paid in arrears, no rebate will be issues upon termination of our service and you will remain
responsible for fees up through the date of termination.

Third-party Fees
You may incur certain charges imposed by custodians and other third parties. These include custodial
fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees,
and other fees and taxes on brokerage accounts and securities transactions. Mutual funds, money
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market funds and exchange-traded funds (ETFs) also charge internal management fees, which are
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