Common use of Fees for Services Performed Clause in Contracts

Fees for Services Performed. I understand my account may be assessed certain fees and charges for miscellaneous services performed, including but not limited to account transfer and termination fees, research fees, bank wire fees, inactivity fees, third party check fees and legal transfer fees. I understand that these fees may be changed from time to time and that I will receive notice of such change as required by regulation. I understand that should such fee assessment result in a negative balance in my account, you have the right to liquidate assets to cover such negative balance without notice to me. I understand that a current schedule of brokerage account fees and charges is available on your website at xxx.xxxxxxxxxxxxxxxxx.xxx under Investors/Investor information or from my representative upon request. Transaction or Ticket Charges. Transaction or ticket charges may apply to securities sales, purchases and exchanges in your account in addition to sales charges, loads, concessions or other expenses that you may be responsible for depending on the type of product in question. The amounts charged vary for mutual funds, variable products, stocks, bonds and option transactions. Factors that determine transaction charges include size of purchase, type of transaction, mutual fund family, advisor, advisor representative, variable product sponsor and processing method (on-line/phone/systematic). Full transaction charges may not apply to certain transactions associated with mutual fund and variable product sponsors participating in the Premier Funds program. Accordingly, the transaction charges incurred will vary. At your Representative's discretion he/she may apply these transaction charges to the expenses that you pay for your securities transactions. For more information on these transaction charges or commissions, please review your confirmation or statement; ask your Representative or visit our website xxx.xxxxxxxxxxxxxxxxx.xxx under Investors/investor information. Compensation and Reimbursement of Expenses to SAI and Representative. SAI and its Representatives receive revenue on the products and services you purchase from several sources. These sources include fees and charges you pay and other arrangements we have in place with affiliated and non-affiliated entities including: sales charges; commissions; periodic fees; periodic expenses paid from product assets such as 12b-1 fees from mutual funds and the funds available in variable annuities; financial planning and advisory service fees; a portion of the organization and offering fees and expenses for REITs, limited partnerships and other non-public securities offerings. SAI receives compensation from mutual funds and variable product sponsors available to you through our Representatives. These payments may include: • sales charges (sometimes called loads); and • trailing commissions (including service fees known as 12b-1 payments). As described below, we may also receive additional payments called revenue sharing payments and/or marketing allowances from certain Product Sponsors under special agreements with those firms. Specific details regarding the Premier Funds, Premier Partners Programs and Non-Publicly Traded Products are set forth below. Other revenue and marketing allowance payment programs involving certain Real Estate Investment Trusts (commonly referred to as REITs) also exist. SAI, at its sole discretion, may share some or all of these additional payments with its Representatives. Representatives of Product Sponsors, often referred to as “wholesalers”, work with SAI and Representatives to promote their products. Consistent with rules set out by FINRA, these wholesalers and/or their firms may pay or make contributions to SAI for training or education of Representatives. Product Sponsors may also make payments to SAI to promote the marketing of their products to clients which includes seminars for clients and potential clients. These firms may also invite Representatives to due diligence or continuing education meetings regarding their products. From time to time SAI may also recognize certain Representatives through promotional programs that include attendance at off-site training sessions that may be sponsored or co- sponsored by these Product Sponsors. It is SAI policy not to promote any fund family or insurance carrier’s products over another based solely on any additional payments or other considerations that might be received from the sale of their products. Sponsors of these products are generally granted equal access to our Representatives to promote their products, and Representatives are encouraged to make recommendations to clients based on the clients’ needs and objectives. However, receipt of such payments could create a greater incentive by your Representative to recommend products that provide such payments. You are encouraged to talk with your Representative about any fees or compensation they receive from the sale of investment products. Representatives may be incented to join and remain affiliated with Securities America through certain Securities America compensation arrangements which could include bonuses, enhanced pay-outs, forgivable loans and/or business transition loans. The receipt of such compensation may be considered to be a conflict of interest. SAI may receive reimbursement from NFS, for all or a portion of any transfer of asset fees which customers could incur from other clearing providers upon the transfer of accounts to an SAI account carried by NFS. If SAI receives this type of reimbursement, SAI may retain all or a portion of such reimbursements or, at its discretion, may pass through all or a portion of such reimbursement to its clients and/or its representatives. Premier Funds Program. SAI created the Premier Funds program for certain mutual funds and variable product sponsors. These Product Sponsors are selected to participate based on several criteria including brand recognition, product breadth, investment performance, training and wholesaling support. In exchange for certain benefits, such as broader access to SAI Representatives, Product Sponsors in the Premier Funds program are required to pay SAI for participation in the program by sharing with SAI a portion of the revenue generated from the sales of their products. SAI may, at its sole discretion, share all or a portion of the revenue generated under the Premier Funds Program with Representatives who recommend products of sponsors in the program. Certain product sponsors also provide for the payment of a marketing allowance to SAI which may be based upon a percentage of the amount of the sponsor’s product purchased by clients. SAI, at its sole discretion, may share all or some of any marketing allowance payments with Representatives as part of compensating them for their marketing and distribution expenditures incurred as a result of promoting the sponsor’s products. For a list of participating funds and variable product sponsors, please ask your Advisor or visit our website xxx.xxxxxxxxxxxxxxxxx.xxx under Investors/Investor Information. Premier Partners Program. Securities America Advisors, Inc. (“SAA”) is an SEC registered investment advisor and is an affiliate of SAI. SAA created the Premier Partners Program for independent investment advisors. Investment advisors are selected to participate based on several criteria including, investment strategy, investment performance, transaction reporting capabilities and training and wholesaling support. In exchange for certain benefits, such as broader access to SAI Representatives, Investment Advisors in the Premier Partners Program are required to pay SAA for participation in the program by sharing with SAA a portion of the revenue generated from the sales of their services and/or paying a specified annual dollar amount. In addition, SAA Representatives may receive reimbursements, marketing and distribution allowances, due diligence fees, or other compensation based on deposits and/or assets under management directly from third-party asset manager program sponsors for the costs of marketing, distribution, business and client development, educational enhancement, and/or due diligence reviews incurred by SAA and/or SAA Representatives relating to the promotion or sale of the program sponsor’s products or services. For a list of Premier Partners Program participants, please ask your Advisor or visit our website xxx.xxxxxxxxxxxxxxxxx.xxx under Investors/Investor Information. Non-Publicly Traded Products. SAI, through its Representatives, also offers several non-publicly traded products, including, but not limited to non-listed real estate investment trusts (“REITS”), limited partnerships (“LPs”), and 1031 exchange programs; hedge fund or funds; managed futures; tax credit programs; oil and gas programs; venture capital funds; and private equity funds. SAI conducts or causes to be conducted a due diligence analysis of these products prior to making them available to the public through its Representatives. Such due diligence is not a guarantee or assurance that the products will not lose their value and you should read any offering document or prospectus for such products carefully as they describe the risk associated with such investments. In addition to receiving commissions on the sale of these products, SAI may receive due diligence and/or marketing allowance payments from certain sponsors. While the arrangements with each sponsor may vary, each product sponsor may pay a due diligence or marketing allowance fee based upon the amount of assets held at the sponsor or on the gross amount of each sale, depending on the product. In certain cases, these additional payments are paid or directed to Representatives who sell these products. This may create a conflict of interest based on the amount of compensation each Representative receives when recommending one non-publicly traded product over another. Due Diligence and Product Administration Expenses. Consistent with prudent product approval practices SAI may require that an independent third party conduct a review of a product sponsor, investment company, investment advisor, or one of their products or services prior to making the product or service available for solicitation to the general public by Representatives. SAI may incur costs in connection with the analysis provided by the due diligence analyst. SAI may in turn require that the investment company or investment advisor reimburse SAI for such expenses. In addition, SAI may at its discretion require investment companies and investment advisors to pay annual fees to reimburse SAI for ongoing due diligence and product administration expenses. Revenue Sharing and Referral Arrangements With Our Clearing Firm. SAI receives various forms of revenue from NFS based upon client activity, as well as the amount of assets custodied with these firms. In general, these revenue sources include, but are not limited to, a percentage or portion of fees and transaction charges collected by the clearing firms and shared with SAI, which may include: ticket charges, margin interest charges, XXX fees, inactivity fees, and other fees set forth in the attached fee schedule and money market fund 12b-1 trails. SAI may also participate in revenue sharing arrangements based on fees charged by no transaction fee (NTF) funds which are available on NFS’s platform. SAI has a referral arrangement with NFS, whereby SAI may receive business credits or other compensation from NFS based on the amount of SAI client assets currently custodied by NFS which may be transferred to the advisory platform maintained by Fidelity Institutional Wealth Services Group (IWS), a division of NFS’ affiliated company Fidelity Brokerage Services, LLC, by Representatives, as well as Representatives who may terminate their registration with SAI and FINRA and conduct business as an investment advisor representative of an independent registered investment advisor (IRIA). SAI may recommend the IWS advisory platform and provide ongoing service and support to XXXXx Representatives of SAI. XXXXx are under no obligation to transfer client assets to IWS and do not receive any additional compensation or remuneration for selecting IWS. Similarly, clients do not incur any additional fees or expenses as a result of payments of business credits or compensation by NFS to SAI.

Fees for Services Performed. I You understand my that your account may be assessed certain fees and charges for miscellaneous services performed, including but not limited to account transfer and termination fees, research fees, bank wire fees, inactivity fees, third party check fees and legal transfer fees. I You understand that these fees may be changed from time to time and that I You will receive notice of such change as required by regulation. I You understand that should such fee assessment result in a negative balance in my your account, you we have the right to liquidate assets to cover such negative balance without notice to meyou. I You understand that a current schedule of brokerage account fees and charges is available on your our website at xxx.xxxxxxxxxxxxxxxxx.xxx under Investors/Investor information or from my representative your Representative upon request. Transaction or Ticket Charges. Transaction or ticket charges may apply to securities sales, purchases and exchanges in your account in addition to sales charges, loads, concessions or other expenses that you may be responsible for depending on the type of product in question. The amounts charged vary for mutual funds, variable products, stocks, bonds and option transactions. Factors that determine transaction charges include size of purchase, type of transaction, mutual fund family, advisor, advisor representative, variable product sponsor and processing method (on-line/phone/systematic). Full transaction charges may not apply to certain transactions associated with mutual fund and variable product sponsors participating in the Premier Funds program. Accordingly, the transaction charges incurred will vary. At your Representative's discretion he/she may apply these transaction charges to the expenses that you pay for your securities transactions. For more information on these transaction charges or commissions, please review your confirmation or statement; ask your Representative or visit our website xxx.xxxxxxxxxxxxxxxxx.xxx under Investors/investor information. Compensation and Reimbursement of Expenses to SAI and Representative. SAI and its Representatives your Representative receive revenue on the products and services you purchase from several sources. These sources include fees and charges you pay and other arrangements we have in place with affiliated and non-affiliated entities including: sales charges; commissions; periodic fees; periodic expenses paid from product assets such as 12b-1 fees from mutual funds and the funds available in variable annuities; financial planning and advisory service fees; a portion of the organization and offering fees and expenses for REITs, limited partnerships and other non-public securities offerings. SAI receives compensation from those mutual funds and variable product sponsors made available to you through our Representativesyour Representative. These payments may include: • sales charges (sometimes called loads); and • trailing commissions (including service fees known as 12b-1 payments). As described below, we may also receive additional payments called revenue sharing payments and/or marketing allowances from certain Product Sponsors under special agreements with those firms. Specific details regarding the Premier Funds, Funds and Premier Partners Programs and Non-Publicly Traded Products are set forth below. Other revenue and marketing allowance payment programs involving certain Real Estate Investment Trusts (commonly referred to as REITs) also exist. SAI, at its sole discretiondiscretion and as allowed by law, may share some or all of these additional payments with its Representativesyour Representative. Representatives of Product Sponsors, often referred to as “wholesalers”, work with SAI and Representatives to promote their products. Consistent with rules set out by FINRA, these wholesalers and/or their firms may pay or make contributions to SAI for training or education of Representatives. Product Sponsors may also make payments to SAI to promote the marketing of their products to clients which includes seminars for clients and potential clients. These firms may also invite Representatives to due diligence or continuing education meetings regarding their products. From time to time SAI may also recognize certain Representatives through promotional programs that include attendance at off-site training sessions that may be sponsored or co- co-sponsored by these Product Sponsors. It is SAI policy not to promote any fund family or insurance carrier’s products over another based solely on any additional payments or other considerations that might be received from the sale of their products. Sponsors of these products are generally granted equal access to our Representatives to promote their products, and Representatives are encouraged to make recommendations to clients based on the clients’ needs and objectives. However, receipt of such payments could create a greater incentive by your Representative to recommend products that provide such payments. You are encouraged to talk with your Representative about any fees or compensation they receive from the sale of investment products. Representatives may be incented to join and remain affiliated with Securities America through certain Securities America compensation arrangements which could include bonuses, enhanced pay-outs, forgivable loans and/or business transition loans. The receipt of such compensation may be considered to be a conflict of interest. SAI may receive reimbursement from NFSPershing, for all or a portion of any transfer of asset fees which customers could incur from other clearing providers upon the transfer of accounts to an SAI account carried by NFSPershing. If SAI receives this type of reimbursement, SAI may retain all or a portion of such reimbursements or, at its discretion, may pass through all or a portion of such reimbursement to its clients and/or its representativesRepresentatives. Premier Funds Program. SAI created the Premier Funds program for certain mutual funds and variable product sponsors. These Product Sponsors are selected to participate based on several criteria including brand recognition, product breadth, investment performance, training and wholesaling support. In exchange for certain benefits, such as broader access to SAI Representatives, Product Sponsors in the Premier Funds program are required to pay SAI for participation in the program by sharing with SAI a portion of the revenue generated from the sales of their products. SAI may, at its sole discretion, share all or a portion of the revenue generated under the Premier Funds Program with Representatives who recommend products of sponsors in the program. Certain product sponsors also provide for the payment of a marketing allowance to SAI which may be based upon a percentage of the amount of the sponsor’s product purchased by clients. SAI, at its sole discretion, may share all or some of any marketing allowance payments with Representatives as part of compensating them for their marketing and distribution expenditures incurred as a result of promoting the sponsor’s products. For a list of participating funds and variable product sponsors, please ask your Advisor Representative or visit our website xxx.xxxxxxxxxxxxxxxxx.xxx under Investors/Investor Information. Premier Partners Program. Securities America Advisors, Inc. (“SAA” also referred to herein as “RIA”) is an SEC registered investment advisor and is an affiliate of SAI. SAA created the Premier Partners Program program for independent investment advisorsadvisor firms. Investment advisors advisor firms are selected to participate based on several criteria including, investment strategy, investment performance, transaction reporting capabilities and training and wholesaling support. In exchange for certain benefits, such as broader access to SAI Representatives, Investment Advisors investment advisors in the Premier Partners Program program are required to pay SAA for participation in the program by sharing with SAA a portion of the revenue generated from the sales of their services and/or paying a specified annual dollar amount. In addition, SAA Representatives may receive reimbursements, marketing and distribution allowances, due diligence fees, or other compensation based on deposits and/or assets under management directly from third-party asset manager program sponsors for the costs of marketing, distribution, business and client development, educational enhancement, and/or due diligence reviews incurred by SAA and/or SAA Representatives relating to the promotion or sale of the program sponsor’s products or services. For a list of the Premier Partners Program participants, please ask your Advisor Representative or visit our website xxx.xxxxxxxxxxxxxxxxx.xxx under Investors/Investor Information. Non-Publicly Traded Products. SAI, through its Representatives, also offers several non-publicly traded products, including, but not limited to non-listed real estate investment trusts (“REITS”), limited partnerships (“LPs”), and 1031 exchange programs; hedge fund or funds; managed futures; tax credit programs; oil and gas programs; venture capital funds; and private equity funds. SAI conducts or causes to be conducted a due diligence analysis of these products prior to making them available to the public through its Representativespublic. Such due diligence is not a guarantee or assurance that the products will not lose their value and you should read any offering document or prospectus for such products carefully as they describe the risk associated with such investments. In addition to receiving commissions on the sale of these products, SAI may receive due diligence and/or marketing allowance payments from certain sponsors. While the arrangements with each sponsor may vary, each product sponsor may pay a due diligence or marketing allowance fee based upon the amount of assets held at the sponsor or on the gross amount of each sale, depending on the product. In certain cases, these additional payments are paid or directed to Representatives who sell these products. This may create a conflict of interest based on the amount of compensation each Representative receives when recommending one non-publicly traded product over another. Due Diligence and Product Administration Expenses. Consistent with prudent product approval practices SAI may require that an independent third party conduct a review of a product sponsor, investment company, investment advisor, or one of their products or services prior to making the product or service available for solicitation to the general public by Representatives. SAI may incur costs in connection with the analysis provided by the due diligence analyst. SAI may in turn require that the investment company or investment advisor reimburse SAI for such expenses. In addition, SAI may at its discretion require investment companies and investment advisors to pay annual fees to reimburse SAI for ongoing due diligence and product administration expenses. Revenue Sharing and Referral Arrangements With with Our Clearing Firm. SAI receives various forms of revenue from NFS Pershing based upon client activity, as well as the amount of assets custodied with these firmsPershing. In general, these revenue sources include, but are not limited to, a percentage or portion of fees and transaction charges collected by the clearing firms Clearing Firm and shared with SAI, which may include: ticket charges, margin interest charges, XXX fees, inactivity fees, and other fees set forth in the attached fee schedule and money market fund 12b-1 trails. SAI may also participate in revenue sharing arrangements based on fees charged by no transaction fee (NTF) funds which are available on NFSPershing’s platform. SAI has a referral arrangement with NFS, whereby SAI may receive business credits or other compensation from NFS based on the amount of SAI client assets currently custodied by NFS which may be transferred to the advisory platform maintained by Fidelity Institutional Wealth Services Group (IWS), a division of NFS’ affiliated company Fidelity Brokerage Services, LLC, by Representatives, as well as Representatives who may terminate their registration with SAI and FINRA and conduct business as an investment advisor representative of an independent registered investment advisor (IRIA). SAI may recommend the IWS advisory platform and provide ongoing service and support to XXXXx Representatives of SAI. XXXXx are under no obligation to transfer client assets to IWS and do not receive any additional compensation or remuneration for selecting IWS. Similarly, clients do not incur any additional fees or expenses as a result of payments of business credits or compensation by NFS to SAI.

Fees for Services Performed. I understand that my account may be assessed certain fees and charges for miscellaneous services performed, including but not limited to account transfer and termination fees, research fees, bank wire fees, inactivity fees, third party check fees and legal transfer fees. I understand that these fees may be changed from time to time and that I will receive notice of such change as required by regulation. I understand that should such fee assessment result in a negative balance in my account, you have the right to liquidate assets to cover such negative balance without notice to me. I understand that a current schedule of brokerage account fees and charges is available on your website at xxx.xxxxxxxxxxxxxxxxx.xxx under Investors/Investor information or from my representative upon request. Transaction or Ticket Charges. Transaction or ticket charges may apply to securities sales, purchases and exchanges in your account in addition to sales charges, loads, concessions or other expenses that you may be responsible for depending on the type of product in question. The amounts charged vary for mutual funds, variable products, stocks, bonds and option transactions. Factors that determine transaction charges include size of purchase, type of transaction, mutual fund family, advisor, advisor representative, variable product sponsor and processing method (on-line/phone/systematic). Full transaction charges may not apply to certain transactions associated with mutual fund and variable product sponsors participating in the Premier Funds program. Accordingly, the transaction charges incurred will vary. At your Representative's discretion he/she may apply these transaction charges to the expenses that you pay for your securities transactions. For more information on these transaction charges or commissions, please review your confirmation or statement; ask your Representative or visit our website xxx.xxxxxxxxxxxxxxxxx.xxx under Investors/investor information. Compensation and Reimbursement of Expenses to SAI and Representative. SAI and its Representatives receive revenue on the products and services you purchase from several sources. These sources include fees and charges you pay and other arrangements we have in place with affiliated and non-affiliated entities including: sales charges; commissions; periodic fees; periodic expenses paid from product assets such as 12b-1 fees from mutual funds and the funds available in variable annuities; financial planning and advisory service fees; a portion of the organization and offering fees and expenses for REITs, limited partnerships and other non-public securities offerings. SAI receives compensation from mutual funds and variable product sponsors available to you through our Representatives. These payments may include: • sales charges (sometimes called loads); and • trailing commissions (including service fees known as 12b-1 payments). As described below, we may also receive additional payments called revenue sharing payments and/or marketing allowances from certain Product Sponsors under special agreements with those firms. Specific details regarding the Premier Funds, Funds and Premier Partners Programs and Non-Publicly Traded Products are set forth below. Other revenue and marketing allowance payment programs involving certain Real Estate Investment Trusts (commonly referred to as REITs) also exist. SAI, at its sole discretion, may share some or all of these additional payments with its Representatives. Representatives of Product Sponsors, often referred to as “wholesalers”, work with SAI and Representatives to promote their products. Consistent with rules set out by FINRA, these wholesalers and/or their firms may pay or make contributions to SAI for training or education of Representatives. Product Sponsors may also make payments to SAI to promote the marketing of their products to clients which includes seminars for clients and potential clients. These firms may also invite Representatives to due diligence or continuing education meetings regarding their products. From time to time SAI may also recognize certain Representatives through promotional programs that include attendance at off-site training sessions that may be sponsored or co- sponsored by these Product Sponsors. It is SAI policy not to promote any fund family or insurance carrier’s products over another based solely on any additional payments or other considerations that might be received from the sale of their products. Sponsors of these products are generally granted equal access to our Representatives to promote their products, and Representatives are encouraged to make recommendations to clients based on the clients’ needs and objectives. However, receipt of such payments could create a greater incentive by your Representative to recommend products that provide such payments. You are encouraged to talk with your Representative about any fees or compensation they receive from the sale of investment products. Representatives may be incented to join and remain affiliated with Securities America through certain Securities America compensation arrangements which could include bonuses, enhanced pay-outs, forgivable loans and/or business transition loans. The receipt of such compensation may be considered to be a conflict of interest. SAI may receive reimbursement from NFSPershing, for all or a portion of any transfer of asset fees which customers could incur from other clearing providers upon the transfer of accounts to an SAI account carried by NFSPershing. If SAI receives this type of reimbursement, SAI may retain all or a portion of such reimbursements or, at its discretion, may pass through all or a portion of such reimbursement to its clients and/or its representatives. Premier Funds Program. SAI created the Premier Funds program for certain mutual funds and variable product sponsors. These Product Sponsors are selected to participate based on several criteria including brand recognition, product breadth, investment performance, training and wholesaling support. In exchange for certain benefits, such as broader access to SAI Representatives, Product Sponsors in the Premier Funds program are required to pay SAI for participation in the program by sharing with SAI a portion of the revenue generated from the sales of their products. SAI may, at its sole discretion, share all or a portion of the revenue generated under the Premier Funds Program with Representatives who recommend products of sponsors in the program. Certain product sponsors also provide for the payment of a marketing allowance to SAI which may be based upon a percentage of the amount of the sponsor’s product purchased by clients. SAI, at its sole discretion, may share all or some of any marketing allowance payments with Representatives as part of compensating them for their marketing and distribution expenditures incurred as a result of promoting the sponsor’s products. For a list of participating funds and variable product sponsors, please ask your Advisor Representative or visit our website xxx.xxxxxxxxxxxxxxxxx.xxx under Investors/Investor Information. Premier Partners Program. Securities America Advisors, Inc. (“SAA”) is an SEC registered investment advisor and is an affiliate of SAI. SAA created the Premier Partners Program program for independent investment advisors. Investment advisors are selected to participate based on several criteria including, investment strategy, investment performance, transaction reporting capabilities and training and wholesaling support. In exchange for certain benefits, such as broader access to SAI Representatives, Investment Advisors in the Premier Partners Program program are required to pay SAA for participation in the program by sharing with SAA a portion of the revenue generated from the sales of their services and/or paying a specified annual dollar amount. In addition, SAA Representatives may receive reimbursements, marketing and distribution allowances, due diligence fees, or other compensation based on deposits and/or assets under management directly from third-party asset manager program sponsors for the costs of marketing, distribution, business and client development, educational enhancement, and/or due diligence reviews incurred by SAA and/or SAA Representatives relating to the promotion or sale of the program sponsor’s products or services. For a list of the Premier Partners Program participants, please ask your Advisor Representative or visit our website xxx.xxxxxxxxxxxxxxxxx.xxx under Investors/Investor Information. Non-Publicly Traded Products. SAI, through its Representatives, also offers several non-publicly traded products, including, but not limited to non-listed real estate investment trusts (“REITS”), limited partnerships (“LPs”), and 1031 exchange programs; hedge fund or funds; managed futures; tax credit programs; oil and gas programs; venture capital funds; and private equity funds. SAI conducts or causes to be conducted a due diligence analysis of these products prior to making them available to the public through its Representatives. Such due diligence is not a guarantee or assurance that the products will not lose their value and you should read any offering document or prospectus for such products carefully as they describe the risk associated with such investments. In addition to receiving commissions on the sale of these products, SAI may receive due diligence and/or marketing allowance payments from certain sponsors. While the arrangements with each sponsor may vary, each product sponsor may pay a due diligence or marketing allowance fee based upon the amount of assets held at the sponsor or on the gross amount of each sale, depending on the product. In certain cases, these additional payments are paid or directed to Representatives who sell these products. This may create a conflict of interest based on the amount of compensation each Representative receives when recommending one non-publicly traded product over another. Due Diligence and Product Administration Expenses. Consistent with prudent product approval practices SAI may require that an independent third party conduct a review of a product sponsor, investment company, investment advisor, or one of their products or services prior to making the product or service available for solicitation to the general public by Representatives. SAI may incur costs in connection with the analysis provided by the due diligence analyst. SAI may in turn require that the investment company or investment advisor reimburse SAI for such expenses. In addition, SAI may at its discretion require investment companies and investment advisors to pay annual fees to reimburse SAI for ongoing due diligence and product administration expenses. Revenue Sharing and Referral Arrangements With with Our Clearing FirmFirms. SAI receives various forms of revenue from NFS Pershing based upon client activity, as well as the amount of assets custodied with these firms. In general, these revenue sources include, but are not limited to, a percentage or portion of fees and transaction charges collected by the clearing firms and shared with SAI, which may include: ticket charges, margin interest charges, XXX fees, inactivity fees, and other fees set forth in the attached fee schedule and money market fund 12b-1 trails. SAI may also participate in revenue sharing arrangements based on fees charged by no transaction fee (NTF) funds which are available on NFSPershing’s platform. SAI has a referral arrangement with NFS, whereby SAI may receive business credits or other compensation from NFS based on the amount of SAI client assets currently custodied by NFS which may be transferred to the advisory platform maintained by Fidelity Institutional Wealth Services Group (IWS), a division of NFS’ affiliated company Fidelity Brokerage Services, LLC, by Representatives, as well as Representatives who may terminate their registration with SAI and FINRA and conduct business as an investment advisor representative of an independent registered investment advisor (IRIA). SAI may recommend the IWS advisory platform and provide ongoing service and support to XXXXx Representatives of SAI. XXXXx are under no obligation to transfer client assets to IWS and do not receive any additional compensation or remuneration for selecting IWS. Similarly, clients do not incur any additional fees or expenses as a result of payments of business credits or compensation by NFS to SAI.

Fees for Services Performed. I You understand my that your account may be assessed certain fees and charges for miscellaneous services performed, including but not limited to account transfer and termination fees, research fees, bank wire fees, inactivity fees, third party check fees and legal transfer fees. I You understand that these fees may be changed from time to time and that I You will receive notice of such change as required by regulation. I You understand that should such fee assessment result in a negative balance in my your account, you we have the right to liquidate assets to cover such negative balance without notice to meyou. I You understand that a current schedule of brokerage account fees and charges is available on your our website at xxx.xxxxxxxxxxxxxxxxx.xxx under Investors/Investor information or from my representative your Financial Professional upon request. Transaction or Ticket Charges. Transaction or ticket charges may apply to securities sales, purchases and exchanges in your account in addition to sales charges, loads, concessions or other expenses that you may be responsible for depending on the type of product in question. The amounts charged vary for mutual funds, variable products, stocks, bonds and option transactions. Factors that determine transaction charges include size of purchase, type of transaction, mutual fund family, advisor, advisor representativeFinancial Professional, variable product sponsor and processing method (on-line/phone/systematic). Full transaction charges may not apply to certain transactions associated with mutual fund and variable product sponsors participating in the Premier Funds program. Accordingly, the transaction charges incurred will vary. At your RepresentativeFinancial Professional's discretion discretion, he/she may apply these transaction charges to the expenses that you pay for your securities transactions. For more information on these transaction charges or commissions, please review your confirmation or statement; ask your Representative Financial Professional or visit our website xxx.xxxxxxxxxxxxxxxxx.xxx under Investors/investor information. Compensation and Reimbursement of Expenses to SAI and RepresentativeFinancial Professional. SAI and its Representatives your Financial Professional receive revenue on the products and services you purchase from several sources. These sources include fees and charges you pay and other arrangements we have in place with affiliated and non-affiliated entities including: sales charges; commissions; periodic fees; periodic expenses paid from product assets such as 12b-1 fees from mutual funds and the funds available in variable annuities; financial planning and advisory service fees; a portion of the organization and offering fees and expenses for REITs, limited partnerships and other non-public securities offerings. SAI receives compensation from those mutual funds and variable product sponsors made available to you through our Representativesyour Financial Professional. These payments may include: • sales charges (sometimes called loads); and • trailing commissions (including service fees known as 12b-1 payments). As described below, we may also receive additional payments called revenue sharing payments and/or marketing allowances from certain Product Sponsors under special agreements with those firms. Specific details regarding the Premier Funds, Funds and Premier Partners Programs and Non-Publicly Traded Products are set forth below. Other revenue and marketing allowance payment programs involving certain Real Estate Investment Trusts (commonly referred to as REITs) also exist. SAI, at its sole discretiondiscretion and as allowed by law, may share some or all of these additional payments with its Representativesyour Financial Professional. Representatives of Product Sponsors, often referred to as “wholesalers”, work with SAI and Representatives Financial Professionals to promote their products. Consistent with rules set out by FINRA, and the SEC, these wholesalers and/or their firms may pay or make contributions to SAI for training or education of RepresentativesFinancial Professionals. Product Sponsors may also make payments to SAI to promote the marketing of their products to clients which includes seminars for clients and potential clients. These firms may also invite Representatives Financial Professionals to due diligence or continuing education meetings regarding their products. From time to time SAI may also recognize certain Representatives Financial Professionals through promotional programs that include attendance at off-site training sessions that may be sponsored or co- co-sponsored by these Product Sponsors. It is SAI policy not to promote any fund family or insurance carrier’s products over another based solely on any additional payments or other considerations that might be received from the sale of their products. Sponsors of these products are generally granted equal access to our Representatives Financial Professionals to promote their products, and Representatives Financial Professionals are encouraged to make recommendations to clients based on the clients’ needs and objectives. However, receipt of such payments could create a greater incentive by your Representative Financial Professional to recommend products that provide such payments. You are encouraged to talk with your Representative Financial Professional about any fees or compensation they receive from the sale of investment products. Representatives Financial Professionals may be incented to join and remain affiliated with Securities America through certain Securities America compensation arrangements which could include bonuses, enhanced pay-outs, forgivable loans and/or business transition loans. The receipt of such compensation may be considered to be a conflict of interest. SAI may receive reimbursement from NFSPershing, for all or a portion of any transfer of asset fees which customers could incur from other clearing providers upon the transfer of accounts to an SAI account carried by NFSPershing. If SAI receives this type of reimbursement, SAI may retain all or a portion of such reimbursements or, at its discretion, may pass through all or a portion of such reimbursement to its clients and/or its representativesFinancial Professionals. Premier Funds Program. SAI created the Premier Funds program for certain mutual funds and variable product sponsors. These Product Sponsors are selected to participate based on several criteria including brand recognition, product breadth, investment performance, training and wholesaling support. In exchange for certain benefits, such as broader access to SAI RepresentativesFinancial Professionals, Product Sponsors in the Premier Funds program are required to pay SAI for participation in the program by sharing with SAI a portion of the revenue generated from the sales of their products. SAI may, at its sole discretion, share all or a portion of the revenue generated under the Premier Funds Program with Representatives Financial Professionals who recommend products of sponsors in the program. Certain product sponsors also provide for the payment of a marketing allowance to SAI which may be based upon a percentage of the amount of the sponsor’s product purchased by clients. SAI, at its sole discretion, may share all or some of any marketing allowance payments with Representatives Financial Professionals as part of compensating them for their marketing and distribution expenditures incurred as a result of promoting the sponsor’s products. For a list of participating funds and variable product sponsors, please ask your Advisor Financial Professional or visit our website xxx.xxxxxxxxxxxxxxxxx.xxx under Investors/Investor Information. Premier Partners Program. Securities America Advisors, Inc. (“SAA” also referred to herein as “RIA”) is an SEC registered investment advisor and is an affiliate of SAI. SAA created the Premier Partners Program program for independent investment advisorsadvisor firms. Investment advisors advisor firms are selected to participate based on several criteria including, investment strategy, investment performance, transaction reporting capabilities and training and wholesaling support. In exchange for certain benefits, such as broader access to SAI RepresentativesFinancial Professionals, Investment Advisors investment advisors in the Premier Partners Program program are required to pay SAA for participation in the program by sharing with SAA a portion of the revenue generated from the sales of their services and/or paying a specified annual dollar amount. In addition, SAA Representatives Financial Professionals may receive reimbursements, marketing and distribution allowances, due diligence fees, or other compensation based on deposits and/or assets under management directly from third-third- party asset manager program sponsors for the costs of marketing, distribution, business and client development, educational enhancement, and/or due diligence reviews incurred by SAA and/or SAA Representatives Financial Professionals relating to the promotion or sale of the program sponsor’s products or services. For a list of the Premier Partners Program participants, please ask your Advisor Financial Professional or visit our website xxx.xxxxxxxxxxxxxxxxx.xxx under Investors/Investor Information. Non-Publicly Traded Products. SAI, through its Representatives, also offers several non-publicly traded products, including, but not limited to non-listed real estate investment trusts (“REITS”), limited partnerships (“LPs”), and 1031 exchange programs; hedge fund or funds; managed futures; tax credit programs; oil and gas programs; venture capital funds; and private equity funds. SAI conducts or causes to be conducted a due diligence analysis of these products prior to making them available to the public through its Representativespublic. Such due diligence is not a guarantee or assurance that the products will not lose their value and you should read any offering document or prospectus for such products carefully as they describe the risk associated with such investments. In addition to receiving commissions on the sale of these products, SAI may receive due diligence and/or marketing allowance payments from certain sponsors. While the arrangements with each sponsor may vary, each product sponsor may pay a due diligence or marketing allowance fee based upon the amount of assets held at the sponsor or on the gross amount of each sale, depending on the product. In certain cases, these additional payments are paid or directed to Representatives Financial Professionals who sell these products. This may create a conflict of interest based on the amount of compensation each Representative Financial Professional receives when recommending one non-publicly traded product over another. Due Diligence and Product Administration Expenses. Consistent with prudent product approval practices SAI may require that an independent third party conduct a review of a product sponsor, investment company, investment advisor, or one of their products or services prior to making the product or service available for solicitation to the general public by RepresentativesFinancial Professionals. SAI may incur costs in connection with the analysis provided by the due diligence analyst. SAI may in turn require that the investment company or investment advisor reimburse SAI for such expenses. In addition, SAI may at its discretion require investment companies and investment advisors to pay annual fees to reimburse SAI for ongoing due diligence and product administration expenses. Revenue Sharing and Referral Arrangements With with Our Clearing Firm. SAI receives various forms of revenue from NFS Pershing based upon client activity, as well as the amount of assets custodied with these firmsPershing. In general, these revenue sources include, but are not limited to, a percentage or portion of fees and transaction charges collected by the clearing firms Clearing Firm and shared with SAI, which may include: ticket charges, margin interest charges, XXX fees, inactivity fees, and other fees set forth in the attached fee schedule and money market fund 12b-1 trails. SAI may also participate in revenue sharing arrangements based on fees charged by no transaction fee (NTF) funds which are available on NFSPershing’s platform. SAI has a referral arrangement with NFS, whereby SAI may receive business credits or other compensation from NFS based on the amount of SAI client assets currently custodied by NFS which may be transferred to the advisory platform maintained by Fidelity Institutional Wealth Services Group (IWS), a division of NFS’ affiliated company Fidelity Brokerage Services, LLC, by Representatives, as well as Representatives who may terminate their registration with SAI and FINRA and conduct business as an investment advisor representative of an independent registered investment advisor (IRIA). SAI may recommend the IWS advisory platform and provide ongoing service and support to XXXXx Representatives of SAI. XXXXx are under no obligation to transfer client assets to IWS and do not receive any additional compensation or remuneration for selecting IWS. Similarly, clients do not incur any additional fees or expenses as a result of payments of business credits or compensation by NFS to SAI.