Taurum Retirement Partners LLC

FEES AND COMPENSATION (Item 5)

Advisory Fees
   We earn fees and compensation by providing advice regarding investments and recommending investment
   strategies. Our fees for services are as follows:
   1. Portfolio Management Services

                         Assets Under Management          Quarterly Rate    Annual Rate

                                 First $0 - $1,000,000       0.2875%           1.15%

                        Next $1,000,001 - $2,000,000         0.25%             1.00%

                        Next $2,000,001 - $5,000,000         0.2125%            .85%

                              Assets Over $5,000,001         0.175%             .70%

                                             Sample Fee Calculation
                                           Investments of $1,500,000
                                     First $1,000,000 @ 1.15% = $11,500
                                    Next $ 500,000 @ 1.00% = $ 5,000
                                  Approx. Annual Blended Rate of 1.10%
                               Quarterly Fee of $4,125 | Annual Fee of $16,500
   Our fee schedule for portfolio management services is negotiable. Advisory fees are negotiable based on
   preexisting relationships, related accounts, the anticipation of additional assets within the next twelve (12)
   months, or any other criteria we deem pertinent. The final advisory fee is outlined in our investment advisory
   contract.
   2. Third-party Asset Management Services
   The aggregate fee for third-party asset management services ranges up to 2.00% per annum, depending on
   the program. The fees are based on the account value and rate determined by the specific third-party asset
   manager. Generally, the per annum amount includes the fees assessed by our firm. The final fee and other
   charges are outlined in the third-party asset manager’s Form CRS, brochure, management agreement, and
   other disclosure documents. Our arrangements with third-party asset managers are typically sub-advisory or
   referral-based (i.e., pursuant to an endorsement arrangement). If we agree to receive referral fees from third-
   party asset managers, clients must acknowledge receipt of disclosures regarding such referral compensation.

                                                                                    Taurum Retirement Partners, LLC

Billing Procedures
    Please review the following for our specific billing procedures:
    1. Portfolio Management Services
    Our advisory fees for portfolio management services are due and payable quarterly in advance (at the
    beginning of the billing period). Advisory fee calculations are based on the value of the account(s) as of the
    last day of the previous calendar quarter (i.e., Dec., Mar., Jun., and Sept.) and calculated using 25% of the
    applicable annual rate (i.e., quarterly rate). In calculating advisory fees, we aggregate the value of all accounts
    within a household and make adjustments for account deposits and withdrawals of $10,000 or more. Upon
    signing our investment advisory contract, clients provide written authorization for our firm to deduct advisory
    fees directly from their specified advisory account(s).
    We send the advisory fee calculations to the account custodian electronically at or around the beginning of
    each calendar quarter (i.e., Jan., Apr., July, and Oct.). Advisory fees due for any period of less than one
    calendar quarter shall be calculated pro rata, commencing on the date of a client’s engagement of our firm.
    Additionally, billing valuations for fixed income securities often include accrued interest. Furthermore, margin
    interest, if applicable, will accrue monthly. It is also important to note that due to differences in valuation dates
    (trade date vs. settlement date), application of credits for accrued income, and/or accrued interest, if
    applicable, asset values used for advisory fee billing can differ from the asset values shown on the account
    custodian’s statement. Clients should contact our firm if there are questions regarding advisory fee billing
    calculations.
    Some clients have legacy alternative investment holdings. Please note that there are some limitations with
    respect to the valuation of alternative investments. Due to the illiquidity of certain alternative investments,
    pricing anomalies exist. The value of most alternative investments reflects either the initial purchase or the
    most recent valuation provided by either the account custodian, a pricing service, or the issuer. If the value
    reflects the initial purchase price (or value as of a previous date), the current value (to the extent ascertainable)
    could be significantly more or less than the initial purchase price or aggregate amount invested. For billing
    purposes, we use the last value of the aggregate amount invested, as reported by the account custodian. This
    value is included as part of the total value of a client’s portfolio holdings for advisory fee calculations.
    2. Third-party Asset Management Services
    Generally, the aggregate fee for third-party asset management services is deducted directly from the client’s
    accounts pursuant to written authorization incorporated into the sub-advisor’s management agreement.
    Advisory fees for these services are typically assessed quarterly in advance by the sub-advisor. The advisory
    fees are calculated based on the value of all the assets in the account(s). However, each sub-advisor on the
    platform may calculate its fee based on the value of those assets in the client’s account(s) for which the sub-
    advisor provided services.
    We deduct our share of the advisory fees directly from the client’s accounts. Our advisory fees are separate
    from and in addition to the fees payable to the third-party investment management platform. Besides advisory
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TYPES OF CLIENTS (Item 7)

   We generally provide investment advice to individuals and high net worth individuals. Our firm does not
   require a minimum investment amount for portfolio management services.
   Nonetheless, third-party investment management platforms typically have minimum investment requirements
   that vary according to the program.

METHODS OF ANALYSIS, INVESTMENT STRATEGIES, AND RISK OF LOSS (Item 8)

Methods of Analysis and Investment Strategies
   We generally evaluate investments using Modern Portfolio Theory and other fundamental analysis
   methodologies. Our primary sources of information include, but are not limited to, research materials prepared
   by others, inspections of corporate activities, financial publications, annual reports, prospectuses, and
   corporate press releases.
   Fundamental analysis is used to assess a company’s overall performance and profitability by reviewing financial
   condition, industry position, monetary policy, and other market and economic indicators to select the
   investments it offers.

                                                                                   Taurum Retirement Partners, LLC

   Modern Portfolio Theory assumes that investors are risk-averse, meaning that given two portfolios that offer
   the same expected return, investors will prefer the less risky one. Thus, an investor will take on increased risk
   only if compensated by higher expected returns. Conversely, an investor who wants higher expected returns
   must accept more risk. The exact trade-off will be the same for all investors, but different investors will evaluate
   the trade-off differently based on individual risk aversion characteristics. The implication is that a rational
   investor will not invest in a portfolio if a second portfolio exists with a more favorable risk-expected return
   profile – i.e., if, for that level of risk, an alternative portfolio exists that has better than expected returns.
   Our portfolio management strategies include advice on portfolio construction, suitable asset allocation,
   diversification, and risk management. Our general recommendations include actively managed mutual funds,
   exchange-traded funds, equities, and bonds.
   Additionally, if we recommend alternative investments to augment a client’s investment portfolio, we generally
   limit such investments to thirty percent (30%) or less of a client’s portfolio holdings.
Material Risks of Methods of Analysis and Investment Strategies
   INVESTING IN SECURITIES INVOLVES A RISK OF LOSS THAT CLIENTS SHOULD BE PREPARED TO BEAR.

   Furthermore, although we utilize conventional investment analysis methods and strategies, some degree of
   material risk remains. When our firm uses fundamental analysis methods to measure the risks of companies,
   we formulate assumptions based on historical financial representations. Although we use valid data sources,
   examine expense ratios, review returns and risk ratings extensively, refer to economic indicators, review the
   implications of monetary policy, and consider management team tenure, our strategies are implemented
   based on assumptions derived from the analysis of historical data. Since the past performance of an
   investment is not indicative of future financial returns, we cannot guarantee results derived by implementing
   strategies using this method of analysis.
   Clients should be aware that all securities and investment strategies have various types of risks. While it is
   impossible to name all potential risks associated with our specific methods of analysis and investment
   strategies, some risks are as follows:

   •   General Market Risk. Markets fluctuate, moving up or down based on news releases or, at times, for no apparent
       reason. This uncertainty means that, at times, the price of specific securities may increase or decrease without a
       discernible reason and may take a while to recover any lost value. Adding additional securities to the portfolio
       might not lower this risk, as all securities can be affected by market swings. Market fluctuations will ultimately
       affect a client’s portfolio holdings.
   •   Interest Rate Risk. Changes in interest rates will affect the value of fixed income investment holdings. The
       value of fixed income securities is more inclined to decrease as interest rates increase. This decrease in
       value may not be offset by income from new investments or other investment holdings. Interest rate risk
       is generally greater for fixed income securities with longer maturities.
   •   Inflation Risk. This risk arises when any form of inflation exists, resulting in the value of a dollar being
       greater today than it will be in the following year, due to the declining purchasing power caused by
       inflation. Inflation risk can influence the valuation of a client’s investment holdings. Additionally, it can
       adversely affect companies by increasing operational costs, thereby impacting profitability.
   •   Financial Risk. All companies face financial risks. Excessive borrowing to finance business operations
       reduces profitability because the company must meet its obligations in good and bad economic times.
       During periods of financial stress, the inability to meet loan obligations may result in the company filing
       for bankruptcy and/or the declining market value of a company’s securities. All businesses are susceptible
       to financial risks at some point in a business cycle. When we invest in a company with excessive debt, that
       company’s financial risk could negatively affect a client’s portfolio holdings.
   •   Time Horizon Risk. A client may require the liquidation of portfolio holdings earlier than the stated time
       horizon. If liquidations occur when portfolio values are low, the client will not realize as much value as the
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