Common use of Advisory Fees Clause in Contracts

Advisory Fees. Client will pay Advisor a fee for its investment advisory services. The fee will be a percentage of the market value of all assets in the Account on the last trading day of each calendar quarter. The payment method and fee schedule is set forth in Schedule “A”. The Advisory Fee is payable quarterly in arrears. In any partial calendar quarter, the advisory fee will be pro rated based on the number of days that the Account was open during the quarter. The formula to calculate your fee is: Account Number of Days in Calendar Quarter Annual Percentage = Quarterly Value X 91.25 = X Rate = 4 Bill Paid Client understands that Account assets invested in shares of mutual funds or other investment companies (“funds”) will be included in calculating the value of the Account for purposes of computing Advisor’s fees and the same assets will also be subject to additional advisory and other fees and expenses, as set forth in the prospectuses of those funds, paid by the funds but ultimately borne by the investor. Client also understands certain Funds may impose a contingent deferred sales charge on withdrawals taken from their accounts. Advisor reserves the right to negotiate Advisory Fees. Fee changes cannot be made without your authorization. Upon Firm approval, fee decreases from those stated in this Client Agreement may be made with verbal authorization. Fee increases above those stated in this Agreement will require execution of a new Agreement. Client may elect to pay Advisor for its services by authorizing the Custodian to deduct from Client’s Account and pay to Advisor the Advisory Fee for each calendar year quarter. The Custodian will send Client a monthly or at least quarterly statement showing all amounts paid from the Account, including all management fees paid by Custodian to Advisor. If elected pursuant to Schedule “A”, Client authorizes the Clearing Firm or Custodian to charge the account for the management fees as instructed by a principal of our Broker‐Dealer. The Custodian will not determine whether the fee is properly calculated. Clients may elect to have Advisory Fee be billed directly to Client (and not deducted from Client’s Account). Client agrees to pay all Advisory Fees within 30 days of Client’s receipt of an invoice from Advisor.

Advisory Fees. Client will pay Advisor a fee for its investment advisory services. The fee will be a percentage of the market value of all assets in the Account on the last trading day of each calendar quarter. The payment method and fee schedule is set forth in Schedule “A”. The Advisory Fee is payable quarterly in arrears. In any partial calendar quarter, the advisory fee will be pro rated based on the number of days that the Account was open during the quarter. The formula to calculate your fee is: Account Number of Days in Calendar Quarter Annual Percentage = Quarterly Value X 91.25 = X Rate = 4 Bill Paid Client understands that Account assets invested in shares of mutual funds or other investment companies (“funds”) will be included in calculating the value of the Account for purposes of computing Advisor’s fees and the same assets will also be subject to additional advisory and other fees and expenses, as set forth in the prospectuses of those funds, paid by the funds but ultimately borne by the investor. Client also understands certain Funds may impose a contingent deferred sales charge on withdrawals taken from their accounts. Advisor reserves the right to negotiate Advisory Fees. Fee changes cannot be made without your authorization. Upon Firm approval, fee decreases from those stated in this Client Agreement may be made with verbal authorization. Fee increases above those stated in this Agreement will require execution of a new Agreement. Client may elect to pay Advisor for its services by authorizing the Custodian to deduct from Client’s Account and pay to Advisor the Advisory Fee for each calendar year quarter. Advisor will send to the Custodian a quarterly statement showing the amount of the management fee due, the Account value on which the fee is based and how the fee was calculated. The Custodian will send Client a monthly or at least quarterly statement showing all amounts paid from the Account, including all management fees paid by Custodian to Advisor. If elected pursuant to Schedule “A”, Client authorizes the Clearing Firm or Custodian to charge the account for the management fees as instructed by a principal of our Broker‐Dealer. The Client is solely responsible for verifying the accuracy of the fee computations and acknowledges that the Custodian will not determine whether the fee is properly calculated. Clients may elect to have Advisory Fee be billed directly to Client (and not deducted from Client’s Account). Client agrees to pay all Advisory Fees within 30 days of Client’s receipt of an invoice from Advisor.

Advisory Fees. Client will pay Advisor a fee for its investment advisory services. The fee will be a percentage of the market value of all assets in the Account on the last trading day of each calendar quarter. The payment method and fee schedule is set forth in Schedule “A”. The Advisory Fee is payable quarterly in arrears. In any partial calendar quarter, the advisory fee will be pro rated pro‐rated based on the number of days that the Account was open during the quarter. The formula to calculate your fee is: Account Number of Days in Calendar Quarter Annual Percentage = Quarterly Value X 91.25 = X Rate = 4 Bill Paid Client understands that Account assets invested in shares of mutual funds or other investment companies (“funds”) will be included in calculating the value of the Account for purposes of computing Advisor’s fees and the same assets will also be subject to additional advisory and other fees and expenses, as set forth in the prospectuses of those funds, paid by the funds but ultimately borne by the investor. Client also understands certain Funds may impose a contingent deferred sales charge on withdrawals taken from their accounts. Advisor reserves the right to negotiate Advisory Fees. Fee changes cannot be made without your authorization. Upon Firm approval, fee decreases from those stated in this Client Agreement may be made with verbal authorization. Fee increases above those stated in this Agreement will require execution of a new Agreement. Client may elect to pay Advisor for its services by authorizing the Custodian to deduct from Client’s Account and pay to Advisor the Advisory Fee for each calendar year quarter. Advisor will send to the Custodian a quarterly statement showing the amount of the management fee due, the Account value on which the fee is based and how the fee was calculated. The Custodian will send Client a monthly or at least quarterly statement showing all amounts paid from the Account, including all management fees paid by Custodian to Advisor. If elected pursuant to Schedule “A”, Client authorizes the Clearing Firm or Custodian to charge the account for the management fees as instructed by a principal of our Broker‐Dealer. The Client is solely responsible for verifying the accuracy of the fee computations and acknowledges that the Custodian will not determine whether the fee is properly calculated. Clients may elect to have Advisory Fee be billed directly to Client (and not deducted from Client’s Account). Client agrees to pay all Advisory Fees within 30 days of Client’s receipt of an invoice from Advisor.

Advisory Fees. Client will pay Advisor a fee for its investment advisory services. The fee will be a percentage of the market value of all assets in the Account on the last trading day of each calendar quarter. The payment method and fee schedule is set forth in Schedule “A”. The Advisory Fee is payable quarterly in arrears. In any partial calendar quarter, the advisory fee will be pro rated based on the number of days that the Account was open during the quarter. The formula to calculate your fee is: Account Number of Days in Calendar Quarter Annual Percentage = Quarterly Value X 91.25 = X Rate = 4 Bill Paid Client understands that Account assets invested in shares of mutual funds or other investment companies (“funds”) will be included in calculating the value of the Account for purposes of computing Advisor’s fees and the same assets will also be subject to additional advisory and other fees and expenses, as set forth in the prospectuses of those funds, paid by the funds but ultimately borne by the investor. Client also understands certain Funds may impose a contingent deferred sales charge on withdrawals taken from their accounts. Advisor reserves the right to negotiate Advisory Fees. Fee changes cannot be made without your authorization. Upon Firm approval, fee decreases from those stated in this Client Agreement may be made with verbal authorization. Fee increases above those stated in this Agreement will require execution of a new Agreement. Client may elect to pay Advisor for its services by authorizing the Custodian to deduct from Client’s Account and pay to Advisor the Advisory Fee for each calendar year quarter. Advisor will send to the Custodian a quarterly statement showing the amount of the management fee due, the Account value on which the fee is based and how the fee was calculated. The Custodian will send Client a monthly or at least quarterly statement showing all amounts paid from the Account, including all management fees paid by Custodian to Advisor. If elected pursuant to Schedule “A”, Client authorizes the Clearing Firm or Custodian to charge the account for the management fees as instructed by a principal of our Broker‐DealerBroker-Dealer. The Client is solely responsible for verifying the accuracy of the fee computations and acknowledges that the Custodian will not determine whether the fee is properly calculated. Clients may elect to have Advisory Fee be billed directly to Client (and not deducted from Client’s Account). Client agrees to pay all Advisory Fees within 30 days of Client’s receipt of an invoice from Advisor.

Advisory Fees. The Client will pay Advisor Xxxxxxx a fee (“Advisory Fee”) for its investment advisory services. The fee will be a percentage of the market value of all assets in the Account on the last trading day of each calendar quarter. The payment method and fee schedule is set forth in Schedule “A”Services. The Advisory Fee is payable quarterly will be determined and assessed as indicated on the Client Profile. Unless otherwise stated in arrearsthe Client Profile, all Advisory Fees will be billed quarterly, in advance on a calendar quarter basis. The initial advisory fee period will be from the day Xxxxxxx accepts management of the Managed Assets through the last day of the advisory fee period. All subsequent advisory fee periods will be from the first day of the calendar quarter through the last day of the calendar quarter. Advisory Fee adjustments will be made to bill for capital additions made during an advisory fee period. No Advisory Fee adjustments will be made for withdrawals during an advisory fee period; however, upon termination, Xxxxxxx will issue the Client a prorated refund of all unearned Advisory Fees that were paid in advance. In any partial calendar quarteradvisory fee period, the advisory fee Advisory Fee will be pro rated prorated based on the number of days that the Account was open assets are under management during the quarterperiod. The formula to calculate your fee is: Account Number of Days in Calendar Quarter Annual Percentage = Quarterly Value X 91.25 = X Rate = 4 Bill Paid Client understands that Account assets the Advisory Fee as represented in the Client Profile is in addition to all operating expenses and other costs paid by the mutual funds, variable annuities, exchange traded funds and/or other securities (the “Funds”) in which the Managed Assets are invested and that, as an investor in the Funds, the Client will ultimately bear his or her proportionate share of all fees and expenses paid by the Funds. In addition, the Advisory Fee does not cover any contingent deferred sales charges on withdrawals that will be paid by the Client. The Client understands that under some Services offered by Xxxxxxx, as much as one hundred percent (100%) of the Managed Assets may be invested in shares of mutual funds Funds that are advised or other investment companies managed by Xxxxxxx and/or Affiliated Persons (“fundsAffiliated Funds”) will be included ). The use of Affiliated Funds by Xxxxxxx is limited to certain Services and is set forth in calculating the value corresponding Service description. Client understands that Xxxxxxx receives a management fee from the Affiliated Funds and that Affiliated Persons of Xxxxxxx may receive compensation for providing additional services to the Account for purposes of computing Advisor’s fees and the same assets will also be subject to additional advisory and other fees and expensesAffiliated Funds, as set forth in the applicable prospectus. To offset fees received by Xxxxxxx from Affiliated Funds, Managed Assets invested in Affiliated Funds are excluded from the Xxxxxxx Retained Portion of the advisory fee. Because markets fluctuate and the exact allocation to our Affiliated Funds in Hybrid strategies will fluctuate along with the market, Xxxxxxx uses the maximum allocation to Affiliated Funds as appropriate, for purposes of calculating the amount of Managed Assets excluded from the Xxxxxxx Retained Portion of the advisory fee. The Client may, at any time, prohibit Xxxxxxx from placing any Managed Assets in Affiliated Funds. Please consult the Client Profile, Xxxxxxx'x Form ADV Part 2A, and the applicable prospectuses carefully to understand the costs involved. The Client understands that for the Services in which Xxxxxxx utilizes investment research, portfolio models or sub-advisory services provided by third parties, a portion of those funds, the Advisory Fee paid by the funds but ultimately borne by the investorto Xxxxxxx may be used to compensate these third party providers. The Client also understands that if Client purchases shares of a Fund directly from the Fund, Client would not pay an advisory fee to Xxxxxxx may pay all or any amount of the Advisory Fee to Advisor, as indicated in the Client Profile. Xxxxxxx may also use part of the Advisory Fee to compensate other third parties who assist with certain Funds may impose a contingent deferred sales charge on withdrawals taken from their accountsadministrative tasks associated with the Services. Advisor Xxxxxxx reserves the right to negotiate Advisory Fees. Fee changes cannot be made without your authorization. Upon Firm approval, fee decreases from those stated in this Client Agreement understands that same or similar Services may be made with verbal authorizationavailable from other investment advisers for a lower advisory fee. Fee increases above those stated in this Agreement will require execution of a new Agreement. The Client may elect agrees to pay Advisor Xxxxxxx for its services Services by authorizing the Custodian to deduct the Advisory Fee directly from Client’s Account the Managed Assets and pay to Advisor the Xxxxxxx'x Advisory Fee for each calendar year quarterAdvisory Fee cycle unless otherwise indicated on the Client Profile. The Custodian will send the Client a monthly or at least quarterly statement or confirmations showing all amounts paid from the AccountManaged Assets, including all management fees Advisory Fees paid by Custodian to Advisor. If elected pursuant to Schedule “A”, Client authorizes the Clearing Firm or Custodian to charge the account for the management fees as instructed by a principal of our Broker‐DealerXxxxxxx. The Client is solely responsible for verifying the accuracy of the fee calculations and acknowledges that the Custodian will not determine whether the fee is properly calculated. Clients may elect to have Advisory Fee be billed directly to Client (and not deducted from Client’s Account). Client agrees to pay all Advisory Fees within 30 days of Client’s receipt of an invoice from Advisor.

Advisory Fees. The Client will pay Advisor Xxxxxxx a fee (“Advisory Fee”) for its investment advisory services. The fee will be a percentage of the market value of all assets in the Account on the last trading day of each calendar quarter. The payment method and fee schedule is set forth in Schedule “A”Services. The Advisory Fee is payable quarterly will be determined and assessed as indicated on the Client Profile. Unless otherwise stated in arrearsthe Client Profile, all Advisory Fees will be billed monthly, in arrears based on the average daily balance of the account during the advisory fee period. The initial advisory fee period will be from the day Xxxxxxx accepts management of the Managed Assets through the last day of the advisory fee period. All subsequent advisory fee periods will be from the first day of the calendar month through the last day of the calendar month. In any partial calendar quarteradvisory fee period, the advisory fee Advisory Fee will be pro rated prorated based on the number of days that the Account was open assets are under management during the quarterperiod. The formula to calculate your fee is: Account Number of Days in Calendar Quarter Annual Percentage = Quarterly Value X 91.25 = X Rate = 4 Bill Paid Client understands that Account assets invested the Advisory Fee as represented in shares of mutual funds or other investment companies (“funds”) will be included the Client Profile is in calculating the value of the Account for purposes of computing Advisor’s fees and the same assets will also be subject addition to additional advisory all operating expenses and other fees and expenses, as set forth in the prospectuses of those funds, costs paid by the mutual funds, exchange traded funds but and/or other securities (the “Funds”) in which the Managed Assets are invested and that, as an investor in the Funds, the Client will ultimately borne bear his or her proportionate share of all fees and expenses paid by the investorFunds. In addition, the Advisory Fee does not cover any contingent deferred sales charges on withdrawals that will be paid by the Client. The Client understands that for the Services in which Xxxxxxx utilizes investment research, portfolio models or sub-advisory services provided by third parties, a portion of the Advisory Fee paid to Xxxxxxx may be used to compensate these third party providers. The Client also understands that if Client purchases shares of a Fund directly from the Fund, Client would not pay an advisory fee to Xxxxxxx may also use part of the Advisory Fee to compensate other third parties who assist with certain Funds may impose a contingent deferred sales charge on withdrawals taken from their accountsadministrative tasks associated with the Services. Advisor Xxxxxxx reserves the right to negotiate Advisory Fees. Fee changes cannot be made without your authorization. Upon Firm approval, fee decreases from those stated in this Client Agreement understands that same or similar Services may be made with verbal authorizationavailable from other investment advisers for a lower advisory fee. Fee increases above those stated in this Agreement will require execution of a new Agreement. The Client may elect agrees to pay Advisor Xxxxxxx for its services Services by authorizing the Custodian to deduct the Advisory Fee directly from Client’s Account the Managed Assets and pay to Advisor the Xxxxxxx'x Advisory Fee for each calendar year quarterAdvisory Fee cycle unless otherwise indicated on the Client Profile. The Custodian will send the Client a quarterly or monthly statement or at least quarterly statement confirmations showing all amounts paid from the AccountManaged Assets, including all management fees Advisory Fees paid by Custodian to Advisor. If elected pursuant to Schedule “A”, Client authorizes the Clearing Firm or Custodian to charge the account for the management fees as instructed by a principal of our Broker‐DealerXxxxxxx. The Client is solely responsible for verifying the accuracy of the fee calculations and acknowledges that the Custodian will not determine whether the fee is properly calculated. Clients may elect to have Advisory Fee be billed directly to Client (and not deducted from Client’s Account). Client agrees to pay all Advisory Fees within 30 days of Client’s receipt of an invoice from Advisor.

Advisory Fees. The Client will pay Advisor Xxxxxxx a fee (“Advisory Fee”) for its investment advisory services. The fee will be a percentage of the market value of all assets in the Account on the last trading day of each calendar quarter. The payment method and fee schedule is set forth in Schedule “A”Services. The Advisory Fee is payable quarterly will be determined and assessed as indicated on the Client Profile. Unless otherwise stated in arrearsthe Client Profile, all Advisory Fees will be billed quarterly, in advance on a calendar quarter basis. The initial advisory fee period will be from the day Xxxxxxx accepts management of the Managed Assets through the last day of the advisory fee period. All subsequent advisory fee periods will be from the first day of the calendar quarter through the last day of the calendar quarter. Advisory Fee adjustments will be made to bill for capital additions made during an advisory fee period. No Advisory Fee adjustments will be made for withdrawals during an advisory fee period; however, upon termination, Xxxxxxx will issue the Client a prorated refund of all unearned Advisory Fees that were paid in advance. In any partial calendar quarteradvisory fee period, the advisory fee Advisory Fee will be pro rated prorated based on the number of days that the Account was open assets are under management during the quarterperiod. The formula to calculate your fee is: Account Number of Days in Calendar Quarter Annual Percentage = Quarterly Value X 91.25 = X Rate = 4 Bill Paid Client understands that Account assets the Advisory Fee as represented in the Client Profile is in addition to all operating expenses and other costs paid by the mutual funds, variable annuities, exchange traded funds and/or other securities (the "Funds") in which the Managed Assets are invested and that, as an investor in the Funds, the Client will ultimately bear his or her proportionate share of all fees and expenses paid by the Funds. In addition, the Advisory Fee does not cover any contingent deferred sales charges on withdrawals that will be paid by the Client. The Client understands that under some Services offered by Xxxxxxx, as much as one hundred percent (100%) of the Managed Assets may be invested in shares of mutual funds Funds that are advised or other investment companies managed by Xxxxxxx and/or Affiliated Persons (“fundsAffiliated Funds”) will be included ). The use of Affiliated Funds by Xxxxxxx is limited to certain Services and is set forth in calculating the value corresponding Service description. Client understands that Xxxxxxx receives a management fee from the Affiliated Funds and that Affiliated Persons of Xxxxxxx may receive compensation for providing additional services to the Account for purposes of computing Advisor’s fees and the same assets will also be subject to additional advisory and other fees and expensesAffiliated Funds, as set forth in the applicable prospectus. To offset fees received by Xxxxxxx from Affiliated Funds, Managed Assets invested in Affiliated Funds are excluded from the Xxxxxxx Retained Portion of the advisory fee. Because markets fluctuate and the exact allocation to our Affiliated Funds in Hybrid strategies will fluctuate along with the market, Xxxxxxx uses the maximum allocation to Affiliated Funds as appropriate, for purposes of calculating the amount of Managed Assets excluded from the Xxxxxxx Retained Portion of the advisory fee. The Client may, at any time, prohibit Xxxxxxx from placing any Managed Assets in Affiliated Funds. Please consult the Client Profile, Xxxxxxx'x Form ADV Part 2A, and the applicable prospectuses carefully to understand the costs involved. The Client understands that for the Services in which Xxxxxxx utilizes investment research, portfolio models or sub-advisory services provided by third parties, a portion of those funds, the Advisory Fee paid by the funds but ultimately borne by the investorto Xxxxxxx may be used to compensate these third party providers. The Client also understands that if Client purchases shares of a Fund directly from the Fund, Client would not pay an advisory fee to Xxxxxxx may pay all or any amount of the Advisory Fee to the Financial Adviser that has established a relationship with the Client and who has served the purpose of recommending Xxxxxxx'x investment management services to Client. Xxxxxxx may also use part of the Advisory Fee to compensate other third parties who assist with certain Funds may impose a contingent deferred sales charge on withdrawals taken from their accountsadministrative tasks associated with the Services. Advisor Xxxxxxx reserves the right to negotiate Advisory Fees. Fee changes cannot be made without your authorization. Upon Firm approval, fee decreases from those stated in this Client Agreement understands that same or similar Services may be made with verbal authorizationavailable from other investment advisers for a lower advisory fee. Fee increases above those stated in this Agreement will require execution of a new Agreement. The Client may elect agrees to pay Advisor Xxxxxxx for its services Services by authorizing the Custodian to deduct the Advisory Fee directly from Client’s Account the Managed Assets and pay to Advisor the Xxxxxxx'x Advisory Fee for each calendar year quarterAdvisory Fee cycle unless otherwise indicated on the Client Profile. The Custodian will send the Client a monthly or at least quarterly statement or confirmations showing all amounts paid from the AccountManaged Assets, including all management fees Advisory Fees paid by Custodian to Advisor. If elected pursuant to Schedule “A”, Client authorizes the Clearing Firm or Custodian to charge the account for the management fees as instructed by a principal of our Broker‐DealerXxxxxxx. The Client is solely responsible for verifying the accuracy of the fee calculations and acknowledges that the Custodian will not determine whether the fee is properly calculated. Clients may elect to have Advisory Fee be billed directly to Client (and not deducted from Client’s Account). Client agrees to pay all Advisory Fees within 30 days of Client’s receipt of an invoice from Advisor.

Advisory Fees. Client will pay Advisor Adviser a fee for its investment advisory services. The fee will be a percentage of the market value of all assets in the Account on the last trading day of each calendar quarter. The payment method and fee schedule is set forth in Schedule “A”. A. The Advisory Fee is payable quarterly in advance or in arrears. In any partial calendar quarter, the advisory fee will be pro rated based on the number of days that the Account was open during the quarter. The formula to calculate your fee is: Account Number of Days in Calendar Quarter Annual Percentage = Quarterly Value X 91.25 = X Rate = 4 Bill Paid Client understands that Account assets invested in shares of mutual funds or other investment companies (“funds”) will be included in calculating the value of the Account for purposes of computing AdvisorAdviser’s fees and the same assets will also be subject to additional advisory and other fees and expenses, as set forth in the prospectuses of those funds, paid by the funds but ultimately borne by the investor. Client also understands certain Funds may impose a contingent deferred sales charge on withdrawals taken from their accounts. Advisor reserves the right to negotiate Advisory Fees. Fee changes cannot be made without your authorization. Upon Firm approval, fee decreases from those stated in this Client Agreement may be made with verbal authorization. Fee increases above those stated in this Agreement will require execution of a new Agreement. Client may elect to pay Advisor for its services by authorizing the Custodian to deduct from Client’s Account and pay to Advisor Adviser the Advisory Fee for each calendar year quarter. Adviser will send to the Custodian a quarterly statement showing the amount of the management fee due, the Account value on which the fee is based and how the fee was calculated The Custodian will send Client a monthly or at least quarterly statement showing all amounts paid from the Account, including all management fees paid by Custodian to AdvisorAdviser. If elected pursuant to Schedule “A”, Client authorizes the Clearing Firm or Custodian to charge the account for the management fees as instructed by a principal of our Broker‐DealerBroker- Dealer. The Client is solely responsible for verifying the accuracy of the fee computations and acknowledges that the Custodian will not determine whether the fee is properly calculated. Clients may elect to have Advisory Fee be billed directly to Client (and not deducted from Client’s Account). Client agrees to pay all Advisory Fees within 30 days of Client’s receipt of an invoice from AdvisorAdviser.

Advisory Fees. In consideration of the Advisor providing the Services, Client will agrees to pay Advisor a fee for its investment advisory services. The fee will be an annual asset-based Account Fee calculated as a percentage of the market average daily value of all assets the Designated Accounts. The Account Fee shall cover the combined costs of (i) Advisor’s investment advice and (ii) the advisory fees charged by any Independent Manager(s) to the Designated Accounts and shall be charged in accordance with the following blended Fee Schedule (unless otherwise specified, the household fee for the account is listed below): Fee Schedule: Management Style, model manager, investment manager, etc. Management Style, model manager, investment manager, etc Annualized Account Fee % Where this box is marked, client agrees that the annual account fee to be applied to the Designated Accounts in the Account fee schedule above shall be subject to a surcharge of % per annum (maximum surcharge shall not exceed 0.15% per annum) at each fee tier for certain Independent Managers (“Independent Manager Surcharge”) based on the last trading day of each calendar quarterInvestment Models selected. The payment method Account Fee shall be charged to Client and fee schedule is set forth directly debited from the Designated Accounts monthly in Schedule “A”arrears and shall be based upon the average daily value of the Designated Accounts (including cash balances) as of the close of the prior billing period. The Advisory Fee is payable quarterly in arrears. In any Account Fees shall be pro-rated for partial calendar quarter, the advisory fee will be pro rated billing periods based on the number of days that the Account was open during which Services were provided during the quarterperiod. The formula to calculate your fee is: Account Number Advisor will rely upon the Custodian’s calculation of Days in Calendar Quarter Annual Percentage = Quarterly Value X 91.25 = X Rate = 4 Bill Paid Client understands that Account assets invested in shares of mutual funds or other investment companies (“funds”) will be included in calculating the average daily value of the Account Designated Accounts as of the close of the prior billing period for purposes of computing Advisorcalculating the Account Fee due for each monthly billing cycle. Where an Independent Manager has been engaged, the Independent Manager is authorized to debit the full Account Fee from the Designated Accounts and remit the remaining portion thereof to Advisor after deduction for the Independent Manager’s fees and advisory fees. The portion of the same Account Fee paid to any Independent Manager(s) shall be as described in their Form ADV Part 2A brochure and/or account opening documentation. Client may make additions or withdrawals from the Designated Accounts at any time. Deposits to or withdrawals of assets will also from the Designated Accounts may be subject to additional advisory usual and other fees and expenses, as set forth customary securities settlement procedures of the Custodian. Client further understands that some or all of the investments in the prospectuses of those funds, paid by the funds but ultimately borne by the investor. Client also understands certain Funds may impose a contingent deferred sales charge on withdrawals taken from their accounts. Advisor reserves the right to negotiate Advisory Fees. Fee changes cannot be made without your authorization. Upon Firm approval, fee decreases from those stated in this Client Agreement Designated Accounts may be made with verbal authorization. Fee increases above those stated in this Agreement will require execution intended as long-term investments and withdrawals of a new Agreement. Client cash and premature liquidations of securities positions may elect to pay Advisor for its services by authorizing impair the Custodian to deduct from Client’s Account and pay to Advisor the Advisory Fee for each calendar year quarter. The Custodian will send Client a monthly or at least quarterly statement showing all amounts paid from the Account, including all management fees paid by Custodian to Advisor. If elected pursuant to Schedule “A”, Client authorizes the Clearing Firm or Custodian to charge the account for the management fees as instructed by a principal of our Broker‐Dealer. The Custodian will not determine whether the fee is properly calculated. Clients may elect to have Advisory Fee be billed directly to Client (and not deducted from Client’s Account). Client agrees to pay all Advisory Fees within 30 days achievement of Client’s receipt of an invoice from Advisorinvestment objectives.

Advisory Fees. The Client will pay the Advisor a fee for its investment advisory management services. The fee will be a percentage of the market value of all assets in the Account Managed Assets on the last trading day of each calendar quarteradvisory fee period as set forth in the Advisory Fee Schedule on page 3. The advisory fee frequency, payment method method, and fee schedule is are set forth in the Advisory Fee Schedule “A”on page 3. The Advisory Fee is payable quarterly in arrears. In any partial calendar quarteradvisory fee cycle, the advisory fee Advisory Fee will be pro rated prorated based on the number of days that the Account was open assets will be under management during the quarteradvisory fee period. The formula to calculate your fee is: Account Number of Days in Calendar Quarter Annual Percentage = Quarterly Value X 91.25 = X Rate = 4 Bill Paid Client understands that Account assets invested the Advisory Fees as represented in shares of mutual funds or other investment companies (“funds”) will be included in calculating the value of the Account for purposes of computing Advisor’s fees and the same assets will also be subject to additional advisory Advisory Fee Schedule on page 3 do not reflect operating expenses and other fees and expenses, as set forth in the prospectuses of those funds, costs paid by the funds but asset types in which the Managed Assets are invested and that the fees and expenses of these asset types are ultimately borne by the investor. The Client also understands that certain Funds asset types may impose a charge contingent deferred sales charge charges on withdrawals taken from their accountsan account. The Client understands that as much as one hundred percent of the Managed Assets may be invested in shares of asset types that are advised or otherwise managed by the Advisor (“Affiliated Funds”) and that, as such, the Client will receive a credit against Advisory Fees otherwise payable to the Advisor pursuant to the Advisory Fee Schedule on page 3 for all operating expenses of the Affiliated Funds, including management fees paid to the Advisor. The effect of this credit will be to reduce the amount payable directly to the Advisor by the Client hereunder, but the credit will not affect the amount received by the Advisor for providing services to the Client inasmuch as the Advisor is retaining the amounts paid to it by the Affiliated Funds. The Client may, at any time, prohibit the Advisor from placing any Managed Assets in Affiliated Funds. The Advisor is free to pay all or any amount of said Advisory Fee to another advisor (“Solicitor”) that has established a relationship with the Client and who has served the purpose of introducing the Client to the Advisor. The Advisor reserves the right to negotiate Advisory Fees. Fee changes cannot be made without your authorization. Upon Firm approval, fee decreases from those stated in this The Client Agreement may be made with verbal authorization. Fee increases above those stated in this Agreement will require execution of a new Agreement. Client may elect agrees to pay the Advisor for its services by authorizing the Custodian to deduct from Client’s Account the Managed Assets and pay to the Advisor the Advisory Fee for each calendar year quarterAdvisory Fee cycle so indicated on the Advisory Fee Schedule on page 3. The Advisor will send to the Custodian and the Client an advisory fee statement showing the amount of the Advisory Fee due. Client’s advisory fee statement will also show the Managed Asset’s value on which the fee is based and how the fee was calculated. The Custodian will send the Client a monthly or at least quarterly statement showing all amounts paid from the AccountManaged Assets, including all management fees Advisory Fees paid by Custodian to Advisor. If elected pursuant to Schedule “A”, The Client authorizes is solely responsible for verifying the Clearing Firm or Custodian to charge accuracy of the account for fee calculations and acknowledges that the management fees as instructed by a principal of our Broker‐Dealer. The Custodian will not determine whether the fee is properly property calculated. Clients may elect to have Advisory Fee be billed directly to Client (and not deducted from Client’s Account). Client agrees to pay all Advisory Fees within 30 days of Client’s receipt of an invoice from Advisor.

Advisory Fees. Client will pay Advisor a fee for its investment advisory services. The fee will be a percentage of the market value of all assets in the Account on the last trading day of each calendar quarter. The payment method and fee schedule is set forth in Schedule “A”. The Advisory Fee is payable quarterly in arrears. In any partial calendar quarter, the advisory fee will be pro rated based on the number of days that the Account was open during the quarter. The formula to calculate your fee is: Account Number of Days in Calendar Quarter Annual Percentage = Quarterly Value X 91.25 = X Rate = 4 Bill Paid Client understands that Account assets invested in shares of mutual funds or other investment companies (“funds”) will be included in calculating the value of the Account for purposes of computing Advisor’s fees and the same assets will also be subject to additional advisory and other fees and expenses, as set forth in the prospectuses of those funds, paid by the funds but ultimately borne by the investor. Client also understands certain Funds may impose a contingent deferred sales charge on withdrawals taken from their accounts. Advisor reserves the right to negotiate Advisory Fees. Fee changes cannot be made without your authorization. Upon Firm approval, fee decreases from those stated in this Client Agreement may be made with verbal authorization. Fee increases above those stated in this Agreement will require execution of a new Agreement. Temporary fee reductions may be allowed. Client may elect to pay Advisor for its services by authorizing the Custodian to deduct from Client’s Account and pay to Advisor the Advisory Fee for each calendar year quarter. Advisor will send to the Custodian a quarterly statement showing the amount of the management fee due, the Account value on which the fee is based and how the fee was calculated. The Custodian will send Client a monthly or at least quarterly statement showing all amounts paid from the Account, including all management fees paid by Custodian to Advisor. If elected pursuant to Schedule “A”, Client authorizes the Clearing Firm or Custodian to charge the account for the management fees as instructed by a principal of our Broker‐DealerBroker-Dealer. The Client is solely responsible for verifying the accuracy of the fee computations and acknowledges that the Custodian will not determine whether the fee is properly calculated. Clients may elect to have Advisory Fee be billed directly to Client (and not deducted from Client’s Account). Client agrees to pay all Advisory Fees within 30 days of Client’s receipt of an invoice from Advisor.

Advisory Fees. Client will pay Advisor a fee for its investment advisory services. The fee will be a percentage of the market value of all assets in the Account on the last trading day of each calendar quarter. The payment method and fee schedule is set forth in Schedule “A”. The Advisory Fee is payable quarterly in arrears. In any partial calendar quarter, the advisory fee will be pro rated based on the number of days that the Account was open during the quarter. The formula to calculate your fee is: Account Number of Days in Calendar Quarter Annual Percentage = Quarterly Value X 91.25 = X Rate = 4 Bill Paid Client understands that Account assets invested in shares of mutual funds or other investment companies (“funds”) will be included in calculating the value of the Account for purposes of computing Advisor’s fees and the same assets will also be subject to additional advisory and other fees and expenses, as set forth in the prospectuses of those funds, paid by the funds but ultimately borne by the investor. Client also understands certain Funds may impose a contingent deferred sales charge on withdrawals taken from their accounts. Advisor reserves the right to negotiate Advisory Fees. Fee changes cannot be made without your authorization. Upon Firm approval, fee decreases from those stated in this Client Agreement may be made with verbal authorization. Fee increases above those stated in this Agreement will require execution of a new Agreement. Client may elect to pay Advisor for its services by authorizing the Custodian to deduct from Client’s Account and pay to Advisor Ad visor the Advisory Fee for each calendar year quarter. Advisor will send to the Custodian a quarterly statement showing the amount of the management fee due, the Account value on which the fee is based and how the fee was calculated. The Custodian will send Client a monthly or at least quarterly statement showing all amounts paid from the Account, including all management fees paid by Custodian to Advisor. If elected pursuant to Schedule “A”, Client authorizes the Clearing Firm or Custodian to charge the account for the management fees as instructed by a principal of our Broker‐DealerBroker-Dealer. The Client is solely responsible for verifying the accuracy of the fee computations and acknowledges that the Custodian will not determine whether the fee is properly calculated. Clients may elect to have Advisory Fee be billed directly to Client (and not deducted from Client’s Account). Client agrees to pay all Advisory Fees within 30 days of Client’s receipt of an invoice from Advisor.