Fees and Compensation — Form ADV Part 2A (3/3/2025)
[Brochure]
Item 5: Fees and Compensation
A. Fee Schedule
Robo-Advisory Portfolio Management Services Fees
Total Assets Under Management Annual Fees
$1,000 - AND UP 0.60%
TAPP uses an average of the daily balance in the client's account throughout the billing
period, after taking into account deposits and withdrawals, for purposes of determining
the market value of the assets upon which the advisory fee is based.
TAPP may also charge a monthly account fee of $1 to $5 per month to cover administrative
fees.
These fees are generally negotiable and the final fee schedule will be memorialized in the
client’s advisory agreement. Clients may terminate the agreement without penalty for a
full refund of TAPP's fees within five business days of signing the Investment Advisory
Contract. Thereafter, clients may terminate the Investment Advisory Contract
immediately upon written notice.
B. Payment of Fees
Payment of Robo-Advisory Portfolio Management Fees
Asset-based portfolio management fees are withdrawn directly from the client's accounts
with client's written authorization on a monthly basis. Fees are paid in arrears.
C. Client Responsibility For Third Party Fees
Clients are responsible for the payment of all third party fees (i.e. custodian fees,
brokerage fees, mutual fund fees, transaction fees, etc.). Those fees are separate and
distinct from the fees and expenses charged by TAPP. Please see Item 12 of this brochure
regarding broker-dealer/custodian.
D. Prepayment of Fees
TAPP collects its fees in arrears. It does not collect fees in advance.
E. Outside Compensation For the Sale of Securities to Clients
Tosin Osunsanya and David Joseph Kenny in their outside business activities (see Item 10
below) is licensed to accept compensation for the sale of investment products to TAPP
clients. This presents a conflict of interest and gives the supervised person an incentive to
recommend products based on the compensation received rather than on the client’s
needs. When recommending the sale of securities or investment products for which the
supervised persons receives compensation, TAPP will document the conflict of interest in
the client file and inform the client of the conflict of interest. Clients always have the right
to decide whether to purchase TAPP -recommended products and, if purchasing, have
the right to purchase those products through other brokers or agents that are not affiliated
with TAPP.
Commissions are not TAPP’s primary source of compensation for advisory services.
Advisory fees that are charged to clients are not reduced to offset the commissions or
markups on securities or investment products recommended to clients.
Account Minimums and Types of Clients — Form ADV Part 2A (3/3/2025)
[Brochure]
Item 7: Types of Clients
TAPP generally provides advisory services to the following types of clients:
❖ Individuals
❖ High-Net-Worth Individuals
❖ Corporations or Business Entities
There is an account minimum of $1,000, which may be waived by TAPP in its discretion.
AUM Breakdown
Accounts
AUM ($)
By Client Type
(a) Individuals (other than high net worth individuals)
1
15.0
(b) Individuals (high net worth individuals)
0
0.0
(c) Banking or thrift institutions
0
0.0
(d) Investment companies
0
0.0
(e) Business development companies
0
0.0
(f) Pooled investment vehicles
0
0.0
(g) Pension and profit sharing plans
0
0.0
(h) Charitable organizations
0
0.0
(i) State or municipal government entities
0
0.0
(j) Other investment advisers
0
0.0
(k) Insurance companies
0
0.0
(l) Sovereign wealth funds and foreign official institutions
0
0.0
(m) Corporations or other businesses not listed above