Trust Advisory Group Ltd

Item 5    Fees and Compensation
Fees for Asset Management Services
Management Fees. Other than as detailed below in Fees for American Funds F2 Platform, the fee (“Management Fee”) for our Discretionary
and Non-Discretionary Asset Management services is negotiated between you and your Financial Advisor. There is a minimum Management
Fee of one-tenth of one percent (0.10%) or $200, whichever is greater, per year per Advisory Account opened with SSI or Schwab ACS; however,
Advisory Accounts utilizing the Unified Managed Account (“UMA”) structure are subject to a minimum Management Fee of $300 per year. The
UMA account structure allows for the use of multiple asset managers and/or programs in a single account. Accordingly, clients with multiple
Advisory Accounts having the same legal ownership should discuss this with their Financial Advisor and consider taking advantage of the UMA
account structure.
The maximum annualized Management Fee that can be charged to you is two percent (2.00%) of the dollar value of assets maintained in your
Advisory Account, other than assets identified as Unmanaged Assets (as defined below); provided, however, the maximum annualized
Management Fee for Annuity Allocations is one and one-half percent (1.50%). Note, however, that the minimum Management Fee may exceed
the maximum annualized Management Fee for Advisory Accounts with balances of less than $10,000 (i.e. 2.00% x $10,000 = $200). The exact
fee or fee schedule charged to you is disclosed to you in the Advisory Relationship Agreement or similar agreement used by a TPMM.
Depending upon the clearing/custodian firm for your Advisory Account, we may, at a client’s request and as an accommodation, hold an asset
position in an Advisory Account without undertaking to provide investment advice with respect to the asset (“Unmanaged Assets”). We do not
impose a Management Fee on Unmanaged Assets, and they may or may not be included in performance reports based on client preference.
Otherwise, our Management Fees are based upon the dollar value of managed assets in your Advisory Account and are typically calculated
quarterly or monthly in advance. We may agree to calculate our Management Fees in arrears, or based upon other factors and arrangements,
on an exception basis.
Typically, Management Fees are automatically deducted from your Advisory Account according to an authorization provided in the agreement
or through a letter of authorization to the clearing/custodian firm of your Advisory Account. In certain circumstances, you may arrange for the
Management Fee for a specific Advisory Account to be deducted from another account or to have us bill you directly by invoice.
When we collect Management Fees in advance, if your agreement is terminated prior to the end of the billing period, we will refund a prorated
portion of the Management Fee to you. We will pay the refunded portion of the fee by depositing the amount into your account or by mailing
a check to the client’s address of record. When we collect Management Fees in arrears, if your agreement is terminated prior to the end of the
billing period, we will be entitled to collect a pro-rata portion of the Management Fee for the period during which we provided services.
Fees for American Funds F2 Platform. The Management Fee for the American Funds F2 Direct-at-Fund Platform is 75 basis points (0.75%) on
all assets. AFS currently imposes a one-time $10 setup fee for new Advisory Accounts and a $10 annual fee for IRAs and Coverdell Education
Savings Accounts. The American Funds F2 Direct management fee is calculated by AFS quarterly in arrears.

Conflicts of Interest regarding Management Fees. We have a conflict of interest in establishing our Management Fee structure in that the
higher our Management Fees are to you the more profitable our business is. Accordingly, we have an incentive to establish higher maximum
allowable Management Fees and to encourage your Financial Advisor to negotiate the highest possible fee with you.
Management Fees are paid to us and, after the deduction of certain internal charges (such as TPMM fees, if applicable, and platform costs),
we typically share the majority of the Management Fee with our Independent Financial Advisors and share a lower percentage of the
Management Fee with our PCG Financial Advisors . Your Financial Advisor may further share a portion with his or her branch manager or
another representative for supervision or administrative support services. Accordingly, your Financial Advisor’s compensation structure creates
a conflict of interest where your Financial Advisor has an incentive to negotiate the highest possible Management Fee with you and to utilize
the clearing/custodian firm and/or investment platforms and/or investment options/models that have the lowest internal charges to him/her
when providing asset management services to you. You may be able to receive or negotiate lower fees at other firms.
Other Fees and Expenses You Pay in Connection with Asset Management. In addition to the Management Fees described above, you will be
subject to other fees and expenses, including but not necessarily limited to the following:

Trust Advisory Group, LTD                              Disclosure Brochure – March 25, 2026                                           Page | 7

Internal fees/expenses of collective investment vehicles. To the extent that your portfolio is invested in collective investment vehicles, such as
mutual funds, variable annuities, ETFs, REITs, and UCITS, you will be subject to the internal fees and expenses of those investments. A
description of those fees and expenses can be found in the applicable prospectus or other offering documents.
Mutual Fund Share Classes. Mutual funds typically offer multiple share classes of the same fund, each with varying levels of internal fees and
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Item 7    Types of Clients
The clients to whom we generally provide investment advisory services include individuals, corporations and other business entities, pension
or profit-sharing plans, trusts, estates, and charitable organizations.
To open or maintain an Advisory Account with us, clients are required to sign an agreement that, among other things, details the nature of our
obligations and the authority given to us. Other applicable requirements for opening or maintaining an account with us, such as minimum
account size and minimum fees, are discussed in Item 4 (Advisory Business) and Item 5 (Fees and Compensation) above.