Twin Cities Retirement Group LLC

Item 5: Fees and Compensation
Method of Compensation and fee schedule
ASSET MANAGEMENT
TCRG offers discretionary direct asset management services to advisory Clients. TCRG
charges an annual investment advisory fee based on the following fee schedule:
                      Assets Under Management                 Annual Fee
                          Under $1,000,000                      1.25%
                      $1,000,000 to $2,000,000                  1.00%
                           Over $2,000,000                      0.85%
 This is a flat rate/breakpoint fee schedule, the entire portfolio is charged the same asset
 management fee. For example, a Client with $1,500,000 under management would pay
 $15,000 on an annual basis. $1,500,000 x 1.00% = $15,000.
The annual fee may be negotiable based upon certain criteria (e.g., historical relationship,
type of assets, anticipated future earning capacity, anticipated future additional assets,
dollar amounts of assets to be managed, related accounts, account composition,
negotiations with Clients, etc.).
Fees are billed quarterly in advance based on the amount of assets managed as of the close
of business on the last business day of the previous quarter. If cash and/or securities are
deposited or withdrawn, a prorated fee will be charged on the net value of the deposit
and/or withdrawn as of the date of the activity. For accounts opened or closed mid-billing
period, unearned fees will be refunded to the Client.
*The fee for a partial quarter is calculated by multiplying the Account Balance by the
Annual Fee Percentage divided by 4 times the number of days service was provided in the
quarter, divided by the total number of days in the quarter.
*The fee for a full quarter is calculated by multiplying the Account Balance by the Annual
Fee Percentage divided four.

Lower fees for comparable services may be available from other sources. Clients may
terminate their account within five (5) business days of signing the Investment Advisory
Agreement with no obligation and without penalty. Clients may terminate advisory
services with thirty (30) days written notice. Client shall be given thirty (30) days prior
written notice of any increase in fees. Any increase in fees will be acknowledged in writing
by both parties before any increase in said fees occurs.
For fees that are directly deducted from the account by the custodian:

                               Twin Cities Retirement Group, LLC

   •   TCRG will provide the Client with an invoice concurrent to instructing the custodian
       to deduct the fee stating the amount of the fee, the formula used to calculate the fee,
       the amount of assets under management the fee is based on and the time period
       covered by the fee;
   •   TCRG will obtain written authorization signed by the Client allowing the fees to be
       deducted; and
   •   The Client will receive quarterly statements directly from the custodian which
       disclose the fees deducted.
REFERRAL FEES
TCRG is paid referral fees by third party money managers. The details of the fee structure
will be disclosed to the Client prior to signing any investment advisory agreement and the
Client will receive a copy of third-party advisors Form ADV Part 2. More information is
available in Item 10 of this brochure.
Twin Cities Retirement Group, LLC has entered into an agreement with Steele Capital
Management, Inc. (SCM), CRD#107097, a Registered Investment Advisor, for the purpose
of referring Clients to SCM as an independent Referral in accordance with the provisions of
Rule 206(4)-3 under the Investment Advisors Act of 1940.

 SCM charges a negotiable annualized fee based on the following fee schedule:

          Assets Under Management                                       TCRG Portion
                                                  Total Annual Fee
              Up to $1,000,000                         1.50%              0.9375%
           $1,000,001 to $1,500,000                     1.25%             0.78125%
           $1,500,001 to $2,500,000                     1.00%              0.625%
           $2,500,001 to $3,500,000                     0.85%             0.53125%
           $3,500,001 to $5,000,000                     0.75%             0.46875%
                Over $5,000,000                      negotiable           negotiable

 This is a flat rate/breakpoint fee schedule, the entire portfolio is charged the same asset
 management fee. For example, a Client with $2,000,000 under management would pay
 $20,000 on an annual basis. $2,000,000 x 1.00% = $20,000.
Fees are payable quarterly in advance based on the market value of the managed assets on
the first day of each calendar quarter. Fees are negotiable based upon certain criteria (i.e.
anticipated future earning capacity, anticipated additional assets, dollar amount of assets to
be managed, historical relationships, related account, etc.) TCRG is compensated for
services by a fee equal to 62.5% of the advisory fees collected by Steele Capital
Management, Inc., for each client referred to SCM by TCRG.
Client Payment of Fees
Asset management fees are billed quarterly in advance and deducted from the Client’s
account.
Clients pay the third-party money managers’ investment advisory fees. Prior to signing an
investment advisory agreement, the method of payment will be disclosed in the third-party
money manager’s Form ADV Part 2.

                                Twin Cities Retirement Group, LLC

Additional Client Fees Charged
Custodians may charge transaction fees on purchases or sales of certain mutual funds,
equities, and exchange-traded funds. These charges may include Mutual Fund transactions
fees, postage and handling and miscellaneous fees (fee levied to recover costs associated
with fees assessed by self-regulatory organizations). The selection of the security is more
important than the nominal fee that the custodian charges to buy or sell the security.
...

Item 7: Types of Clients
Description
TCRG provides retirement planning services to individuals and high net worth individuals
nearing retirement, as well as, those that have recently retired. Client relationships vary in
scope and length of service.
Account Minimums
TCRG’s minimum for Clients is $1,000,000. TCRG will make exceptions to its minimums in
certain situations.