Valmark Advisers Inc

Item 5 Fees and Compensation
ACCESS Fees
In exchange for services provided by Valmark and the account custodian, each Client agrees to pay
Valmark annually a set percentage of the total assets held in the Client’s ACCESS account. Further
explanation regarding the fees associated with ACCESS accounts is provided in the ACCESS Investment
Advisory Agreement that each Client signs before participating in the ACCESS program.
Advisory fees are collected from the Client’s account quarterly, in advance, and are based upon the
aggregate market value of the assets and accrued interest and dividends in the Client’s ACCESS account
at the close of business on the last business day of the preceding calendar quarter. Due to accrued interest
and dividends not reflected on the custodial statements, the billable value may differ from the market
value listed on those statements. The advisory fees are negotiated between the Client and IAR. These fees
charged to the Client by Valmark and/or the IAR will not exceed these established percentages:

               Average Account Balance                          Total Annual Fee Will Not Exceed
                 Less than $1,000,000                                        1.95%
               $1,000,001 to $2,000,000                                      1.75%
                $2,000,001 and above                                         1.50%

Additional deposits made intra-quarter that exceed $10,000 are billed on a pro-rated basis in the account’s
next quarterly billing cycle.
Valmark reserves the right, in its sole discretion, to negotiate, reduce, or waive the advisory fee for certain
Client Accounts for any period as determined by Valmark. In addition, Valmark reserves the right to
reduce or waive its fees for the Accounts of some Clients without notice to, or fee adjustment for, other
Clients.

The client will pay additional trading costs, including brokerage fees for purchasing and/or selling
securities. The cost schedule for each custodian (i.e., Schwab or Pershing) will vary. Likewise, the
transaction costs for different securities will vary. The full transaction fee schedule is available through
the IAR. Circumstances may arise in which an IAR may elect to pay certain trade costs directly. Mutual
funds and ETFs also charge internal management fees, which are disclosed in a fund’s prospectus. Such
charges, fees, and commissions are exclusive of and in addition to Valmark’s fee, and Valmark shall not
receive any portion of these commissions, fees, and costs.

Valmark, through its available custodians, offers No Transaction Funds (“NTF”) programs that comprise
no-load (i.e., no-commission or sales-charge) mutual funds. When NTF mutual funds are purchased
within an advisory account, there is no transaction fee. Clients should, however, be aware that funds
available through NTF programs often incur higher internal expenses than those of mutual funds that do
not participate in NTF programs. Clients should also be aware that mutual fund companies offer multiple
share classes of the same mutual fund, and some share classes have higher internal expenses than others
(e.g., advisory or institutional share classes). Advisory and institutional share classes are available to
clients who meet specific eligibility requirements, which vary by fund and are described in each fund's
prospectus. Eligibility requirements include, but are not limited to, investment amount and certain account
types that the mutual fund considers eligible. It is possible that Valmark does not have access to the

                Form ADV Part 2A – Valmark Advisers, Inc. Firm Brochure 6-2026

lowest cost share class of a given fund. It is Valmark’s practice to purchase the lowest cost mutual fund
share class based upon the classes of a given fund available to Valmark and the client’s anticipated
investment amount, holding period, trading frequency, transaction charges, and related tax considerations.

For purposes of meeting billing breakpoints, Valmark permits IARs and clients to request householding
of ACCESS accounts together. Valmark generally uses the guidelines below to determine household
request eligibility, but it may offer householding in other reasonable circumstances upon request.

            1. Any family member sharing the same legal residence - (i.e., spouses, children, parents,
               siblings, grandparents, grandchildren)
            2. Any family member that is dependent on the primary account owner(s) (i. e. father,
               mother, children, siblings, grandparents, in-laws)
            3. Any trust or business account where one or more of the household members above are
               named on the account as an affiliated person

VWS Strategist Portfolios Program Fees
In exchange for services provided by Valmark, each Client agrees to pay Valmark annually a set
percentage of the total assets held in the Client’s VWS Strategist Portfolios account. Further explanation
of the fees associated with VWS Strategist Portfolios accounts is provided in the VWS Strategist
Portfolios Investment Advisory Agreement, which each Client signs before participating in the program.
Valmark’s advisory fees are collected from the Client’s account quarterly, in advance, and are based upon
the aggregate market value of the assets and accrued interest and dividends in the Client’s VWS Strategist
Portfolios account at the close of business on the last business day of the preceding calendar quarter. Due
to accrued interest and dividends not reflected on the custodial statements, the billable value may differ
from the market value listed on those statements. Valmark advisory fees are negotiated between the Client
and the IAR. These fees charged to the Client by Valmark and/or the IAR will not exceed these
established percentages:

               Average Account Balance                          Total Annual Fee Will Not Exceed
...

Item 7 Types of Clients
Valmark provides portfolio management services primarily to individuals, including through trusts,
estates, 401(k) plans, and IRAs; high-net-worth individuals; corporate pension and profit-sharing plans;
corporations or other businesses; insurance companies; investment companies; charitable institutions;
foundations; banks; governmental agencies; and endowments.

Valmark IARs provide investment advisory services to themselves, directors, and/or shareholders, as well
as to various other clients. In doing so, Valmark and IAR are eligible to give advice with respect to any of
their other clients, which differs from the advice, timing, or nature of the action taken with respect to a
client account. Further, Valmark, or any entity affiliated with or associated with Valmark, is not
prohibited from buying, selling, or trading in any securities or other investments for its own account.