Universal Financial Advisors LLC

Item 5. Fees and Compensation

   We offer services on a fee basis, which may include fixed and/or hourly fees, as well as fees based upon
   assets under management or advisement. Additionally, certain of the Firm’s IARs, in their individual
   capacities, may offer securities brokerage services and/or insurance products under a separate commission-
   based arrangement.

   Financial Planning and Consulting Fees

   We generally charge a fixed and/or hourly fee for providing financial planning and consulting services.
   These fees are negotiable but generally range from $1,000 to $10,000 on a fixed fee basis, depending upon
   the scope and complexity of the services and the professional rendering the financial planning and/or the
   consulting services. If the client engages the Firm for additional investment advisory services, we may
   offset all or a portion of its fees for those services based upon the amount paid for the financial planning
   and/or consulting services.

   The terms and conditions of the financial planning and/or consulting engagement are set forth in the
   Advisory Agreement and we generally require one-half of the fee (estimated hourly or fixed) payable upon
   execution of the Advisory Agreement. The outstanding balance is generally due upon delivery of the
   financial plan or completion of the agreed upon services.

   Investment Management Fees

   We offer investment management services for an annual fee based on the amount of assets under the Firm’s
   management. This management fee generally varies, depending upon the size and composition of a client’s
   portfolio and the type of services rendered. Generally, fees range from less than 1% annually to no more
   than 2.5% annually. The advisory account Minimum Platform Service Fee (MPSF) is $50 annually per
   advisory account. The per account MPSF may be waived on a single account(s) provided aggregate MPSF
   fee for the immediate client family household meets the MPSF of $50 annually per account on an aggregate
   basis. For example, one household account could cover the MPSF provided the Platform Service Fee is
   enough in aggregate to meet the minimums for all accounts in the household. The specific fee charged for
   investment management services is disclosed in the Advisory Agreement for the client’s specific investment
   management plan the client chooses to implement.

   The annual fee is prorated and charged quarterly, in arrears or in advance, based upon the method selected
   in the Advisory Agreement and the market value of the assets being managed by the IAR on the last day of
   the billing period. We calculate our fees through our portfolio accounting system, Orion, which has a feed
   from our custodian Schwab. However, the quarter end balance determined by Orion, and which we calculate
   our fees, could be different from your balance on your Schwab statement due to timing of corporate actions,
   accrued interest, and trade settlements.

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Disclosure Brochure                                          Universal Financial Advisors, LLC

   No adjustment will be made for intra-quarter withdrawals or deposits. Accounts opened during a quarter
   may be billed on a pro-rata basis at advisor's discretion. Accounts closed during the quarter will receive a
   pro-rata refund. For the initial period of engagement, the fee is calculated on a pro rata basis. In the event
   the Advisory Agreement is terminated, the fee for the final billing period is prorated through the effective
   date of the termination and the outstanding or unearned portion of the fee is charged or refunded to the
   client, as appropriate.

   Retirement Plan Consulting Fees

   We generally charge a fixed project-based fee from 0.25% to 2.5% to provide clients with retirement plan
   consulting services. Each engagement is individually negotiated and tailored to accommodate the needs of
   the individual plan sponsor, as memorialized in the Advisory Agreement. These fees vary, based on the
   scope of the services to be rendered.

   American Funds Direct-Held Accounts

   Clients participating in the American Funds direct-held account program pay an asset-based advisory fee
   as specified in their advisory agreement or addendum. Fees are negotiable and generally do not exceed
   2.00% annually. Fees are calculated based on the average daily net asset value of assets held in the account
   and are billed quarterly in arrears.

   Fee Discretion

   We may, in our sole discretion, negotiate to charge a lesser fee based upon certain criteria, such as
   anticipated future earning capacity, anticipated future additional assets, dollar amount of assets to be
   managed, related accounts, account composition, pre-existing/legacy client relationship, account retention
   and pro bono activities.

   Additional Fees and Expenses

   In addition to the advisory fees paid to us, clients may also incur certain charges imposed by other third
   parties, such as broker-dealers, custodians, trust companies, banks, and other financial institutions
   (collectively “Financial Institutions”). These additional charges include securities brokerage commissions,
   transaction fees, custodial fees, fees charged by the Independent Managers, 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.
   The Firm’s brokerage practices are described at length in Item 12 below.

   We and your IAR do not retain 12b-1 fees paid by funds for either qualified or non-qualified accounts. All
...

Item 7. Types of Clients

   We offer services to individuals including high net worth individuals, pension and profit-sharing plans,
   trusts, estates, charitable organizations, corporations, and business entities.

   Minimum Account Requirements

   We impose minimum account requirements for opening and maintaining an investment management
   relationship. We have a minimum size account requirement of $75,000 per account (can be aggregated, see
   below). We impose a Minimum Platform Service Fee (MPSF) of $50 annually or $12.50 per quarter (see
   Investment Management Fees under Item 5). The Firm, in its sole discretion, may reduce or waive its
   minimum account requirements based upon certain criteria. We may aggregate the portfolios of immediate
   family members living in one household to meet the minimum portfolio size. For example, a household
   with three accounts, one at $5,000, another at $10,000 and a third at $525,000 would generally meet the
   minimum ($5,000 + $10,000 + $525,000 = $540,000 / 3 = $180,000).

   In addition, certain Independent Managers may impose more restrictive account requirements and billing
   practices from the Firm. In these instances, we may alter its corresponding account requirements and/or
   billing practices to accommodate those of the Independent Managers.