Talon LLC

ITEM 5 – FEES AND COMPENSATION
FINANCIAL PLANNING SERVICES
We offer financial planning and consulting services on a fixed fee or hourly fee basis.
For our hourly fee, we charge a fee of $250. The number of hours will vary depending on the time
we spend collecting the client’s information, analysis and researching the assorted topics, and
presenting to our clients. The fee is negotiable. We collect half of the agreed upon fee upfront at
the time of engagement and the remaining balance upon delivery of the service.

Talon LLC                                      Page 7                       ADV Part 2A

For our fixed fee, we charge a minimum fee of $1,500. The fixed fee range varies depending on
the nature and complexity of each client’s individual circumstances and the scope of services
provided. The fee is negotiable, and the Firm reserves the right to reduce or waive the financial
planning fee in its sole discretion. We collect half of the agreed upon fee upfront at the time of
engagement and the remaining fee upon delivery of the financial plan.
A client may terminate any service for any reason within the first five (5) business days after
signing an advisory contract, without any cost or penalty. Thereafter, the advisory contract may
be terminated at any time by giving ten (10) days’ written notice. To cancel the agreement, the
client must notify us in writing at Talon LLC, 11974 County Road 101, Suite 103, The Villages, FL
32162. Upon receipt of written notice of termination, the client will receive a prorated refund of
any unearned fees based on the percentage of work completed on the plan. For example, if one
half of the plan was completed at termination, the client will receive a 50% refund. The refund
will be paid by check and mailed to the last address of record.
PORTFOLIO MANAGEMENT
For these services we charge a management fee based on a percentage of assets under
management in the client’s account. The maximum annual management fee charged by the
Firm is 2.00%. This includes the management fee and any additional model portfolio fees. The
management fee is negotiable based on the size of the account. The client may aggregate
accounts to negotiate a lower management fee. The Firm’s fee does not include fees charged
by third parties, including our TAMPs, custodians or other services providers utilized to service
the client’s account/s.
Our management fee is calculated and collected monthly in arrears, meaning the management
fee is collected at the end of each calendar month. The initial month’s management fee will be
prorated for the number of days the account was managed during the quarter. Cash balances
and investments in money market funds, demand deposit accounts, or certificates of deposit
held in the account are included in the fee calculations.
The management fee will be deducted from the client’s account. For accounts that we manage,
the client will be asked to authorize us with the ability to instruct the account’s custodian to
withdraw the fee directly from the client’s account. In some instances, the TAMP can instruct
the custodian to withdraw our management fee. The client may terminate these authorizations
at any time.
Our management fee does not include TAMP management fees. These management fees vary.
We disclose all TAMP management fees in the investment management agreement. Also, we
provide each client with the applicable TAMP’s Form ADV Part 2A disclosure brochure that details
their management fees. The total annual investment advisory fee inclusive of TAMP fees is not
to exceed 2.50%. Any additional fees, such as technology fees payable to the custodian or TAMP,
are also disclosed in the investment management agreement.
Our management fee does not include brokerage commissions, transaction fees, or other related
costs and expenses normally incurred by the client. Clients may incur certain charges imposed by
custodians, brokers, and other third parties such as fees charged by managers, custodial fees,
deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund

Talon LLC                                     Page 8                       ADV Part 2A

fees, and other fees and taxes on brokerage accounts and securities transactions. Mutual funds
and exchange traded funds also charge internal management fees, which are disclosed in a fund’s
prospectus. Such charges, fees and commissions are exclusive of and in addition to, our fee and
we will not receive any portion of these commissions, fees, and costs. For more information
about our brokerage practice please see Item 12.A.
A client may terminate any service for any reason within the first five (5) business days after
signing an advisory contract, without any cost or penalty. Thereafter, the advisory contract may
be terminated at any time by giving ten (10) days’ written notice. To cancel the agreement, the
client must notify us in writing at Talon LLC, 11974 County Road 101, Suite 103, The Villages, FL
32162.
RETIREMENT PLAN CONSULTING
We charge an annual fee based on a percentage of assets in the qualified retirement plan. We
charge an annual fee of up to 2.0% depending on the size of the plan and the services provided.
Our fee is negotiable. The fee is generally collected monthly, in arrears. However, the collection
schedule is subject to the plan provider or third-party administrator’s collection schedule. The
plan provider or third-party administrator calculates and collects our fee.
Our consulting fee does not include other third-party fees, such as transaction fees, recordkeeper
fees or other related costs and expenses. Clients may incur certain charges imposed by
custodians, brokers, and other third parties such as fees charged by managers, 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
...

ITEM 7 – TYPES OF CLIENTS
We offer our services to individuals and high net worth individuals. We require a minimum
balance of $25,000. This may be waived at our discretion.