TRU Independence Asset Management LLC

ITEM 5 - FEES AND COMPENSATION
Fee Schedule & Billing Method
TIAM offers services on a fee basis, which may include fixed fees, as well as fees based on assets under
management or advisement.

Investment Management Services
The annual management fee for our Investment Management Services, including Financial Planning, is
based on the total dollar value of the assets maintained in the client account. The fee assessed and/or
charged is based on what is stipulated in the Investment Advisory Agreement signed by each client. This
may include a minimum annual fee depending on the DBA and this minimum may be waived or discounted
at the Firm’s discretion.
Our annual fee ranges up to 1.5% annually and is assessed and/or charged monthly in advance by YW
based on the value of your account on the last day of the previous period Inflows and outflows of cash are
considered on a prorated basis in this calculation. Fees can be structured as a fixed flat percentage fee on
total assets in the account, a fixed flat dollar amount, or a tiered fee schedule whereby the fee is calculated
by applying different rates to different levels of assets.

Financial Planning and Consulting Fees
In addition to the advisory fees paid, we may provide financial planning and/or consulting services to clients
regarding the management of their financial resources, which is based upon an analysis of their current
personal and financial situations, goals, and objectives. The fee assessed and/or charged is based on what
is stipulated in the Investment Advisory Agreement signed by each client.
Occasionally, clients ask us to report on assets we do not manage. In such cases and in our sole discretion,
we can negotiate to charge a fixed reporting fee. Alternatively, we may charge a reporting fee based on
the value of the assets on which we provide reporting services.

Pension Consulting Fees
Our advisory fees for these customized services will be negotiated with the plan sponsor or named fiduciary
on a case-by-case basis.

Other Fees and Expenses
In addition to the advisory fees paid to the Firm, clients may incur certain charges imposed by other third
parties, such as broker-dealers, custodians, trust companies, platform service providers, banks, and other
financial institutions (collectively “Financial Institutions”). These additional charges may include securities
brokerage commissions, transaction fees, custodial fees, fees attributable to alternative assets, reporting
charges, margin costs, charges imposed directly by a mutual fund or ETF in a client’s account, as disclosed
in the fund’s prospectus (e.g., fund management fees and other fund expenses), 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. In addition, fees charged by the Independent
Managers/Sub-Advisors are charged to the clients separately. In these relationships with third-party and/or
Sub-Advisors, these fees would be in addition to the fees charged by the Firm, paid directly to the third-

tru Independence Asset Management, LLC - Disclosure Brochure                                 March 31, 2026 – v1

party and/or Independent Manager/Sub-Advisor, and the Firm will not receive any portion of those fees or
share in those fees.

Direct Fee Debit
Clients generally provide the Firm and/or the Independent Managers/Sub-Advisors with the authority to
directly debit their accounts for payment of the investment advisory fees. The Financial Institutions that
act as the qualified custodian for client accounts, from which the Firm retains the authority to directly
deduct fees, are required to send statements to clients not less than quarterly detailing account
transactions, including any amounts paid to the Firm.

Account Additions and Withdrawals
As stated above, clients may make additions to and withdrawals from their account at any time, subject to
the Firm’s right to terminate an account. Additions may be in cash or securities, provided that the Firm
reserves the right to liquidate any transferred securities or declines to accept particular securities into a
client’s account. Clients may withdraw account assets on notice to the Firm, subject to the usual and
customary securities settlement procedures. However, the Firm generally designs its portfolios as long -
term investments, and the withdrawal of assets may impair the achievement of a client’s investment
objectives. The Firm may consult with its clients about the options and implications of transferring
securities. Clients are advised that when transferred securities are liquidated, they may be subject to
transaction fees, short-term redemption fees, fees assessed at the mutual fund level (e.g., contingent
deferred sales charges), and/or tax ramifications.

Commissions and Sales Charges for Recommendations of Securities
Clients can engage certain persons associated with YW (but not the Firm directly) to render securities
brokerage services under a separate commission-based arrangement. Clients are under no obligation to
engage such persons and may choose brokers or agents not affiliated with the Firm.
Under this arrangement, the Firm’s Supervised Persons, in their individual capacities as registered
representatives of APW Capital, Inc. (“APW”), may provide securities brokerage services and implement
securities transactions under a separate commission-based arrangement. Supervised Persons may be
entitled to a portion of the brokerage commissions paid to APW, as well as a share of any ongoing
distribution or service (trail) fees from the sale of mutual funds. APW may also recommend no -load or load-
waived funds, where no sales charges are assessed. Prior to effecting any transactions, clients are required
to enter into a separate account agreement with APW.
A conflict of interest exists to the extent that the Firm recommends the purchase or sale of securities where
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ITEM 7 - TYPES OF CLIENTS
TIAM provides asset management, financial planning, ERISA plan advisory & consulting, investment
advisory, consulting, and selection of third-party Independent Managers and/or Sub-Advisor. Our services
are provided on a discretionary or non-discretionary basis to a variety of clients, such as institutional
investors, individuals, high-net-worth individuals, corporations, trusts and estates, qualified purchasers,
and individual participants of retirement plans. In addition, we may also provide advisory services to
entities such as pension and profit-sharing plans, businesses, and other investment advisors.

Minimum Account Requirements
The Firm does not impose a stated minimum fee or minimum portfolio value for starting and maintaining
an investment management relationship.