Additional Disclosures > Fees and Compensation

Fees for portfolio and supervisory services, including most transactional charges, are charged as a percentage of assets under management, and are calculated, accrued and due monthly in arrears. The account management fees for portfolio advice and supervisory services are calculated and billed, as follows:

Account Value	AUM Formula Fee	Portfolio Fee	Platform Fee	Custody Fee	Combined Total Fee
$35,000 but less than $500,000	1.20%	1.20%	0.15%	0.10%	2.65%
$500,000 but less than $1,000,000	1.08%	1.08%	0.15%	0.10%	2.41%
$1,000,000 but less than $2,000,000	0.96%	0.96%	0.15%	0.10%	2.17%
$2,000,000 but less than $3,000,000	0.84%	0.84%	0.15%	0.10%	1.93%
Larger accounts may be negotiable based upon size.	0.84%	0.72%	0.15%	0.10%	1.81%
	0.84%	0.60%	0.15%	0.10%	1.69%
	0.84%	0.48%	0.15%	0.10%	1.57%

Account management fees are based on the account's fair market value as reported by our custodians as of the preceding month's end. Our account management fees may be lower than this rate schedule, but only in limited circumstances. For example, in determining fees, rates, and minimums, we may aggregate related accounts and, for billing purposes, treat them like one account. This is done at our discretion and should not be considered the normal order of business. We may also reduce fees for employees and employees' family members. A Portformula's maximum fee may be lower than the fees listed, however, none of USA Financial Formulas' models will charge fees that exceed those referenced in the above fee schedule. Specific fee schedules, if different, will be provided as part of the informational documents that are generated when you select a specific Portformula or combination of Portformulas.

The maximum annual fee you will pay, based on your account value, is reflected in the column labeled Combined Total Fee. The AUM Formula Fee is the portion of the combined total fee paid to USA Financial Formulas. The Portfolio Fee is the portion of the combined total fee that is paid to the solicitor. The combined total fee is calculated by adding the AUM Formula Fee, Portfolio Fee, Platform Fee, and Custody Fees.

EAS, TD, and Pershing handle the account billing. Each custodian bills account management fees monthly and will deduct the fees directly from your account. EAS, TD, and Pershing are also responsible for sending you account statements. Your statements will show your account value and the fee charged. TD and Pershing send statements monthly; EAS sends statements quarterly. You may object to the fee deduction by notifying us at the address or telephone number shown on each billing invoice or by notifying your custodian. Please keep in mind that in addition to the quarterly paper statements you receive, you also have 24-hour online access to your account and statements. Please review your account statements carefully and contact us if you have questions.

All clients may incur regulatory fees charged by the SEC to the sellers of equity securities that are exchange traded, and charges for other account services provided not directly related to the execution and clearing of transactions, including, but not limited to, IRA custodial fees, safekeeping fees, and fees for transfers of securities. Adviser's Fee also does not include certain costs or charges imposed by third parties, including odd-lot differentials, exchanges fees, and transfer taxes mandated by law. Also, the Custodian may impose additional charges for special services elected by Client, including without limitation periodic distribution fees, electronic fund and wire transfer fees, certificate delivery fees, and reorganization fees.

The more assets that are in your advisory account, the more you will pay in fees, and we may therefore have an inventive to encourage you to increase the assets in your account. You pay fees and costs whether you make or lose money on your investments. Fees and costs reduce your investment over time. Please make sure you understand what fees and costs you are paying.

Just Capital Models

USA Financial Formulas and its affiliate, USA Financial Exchange, utilize JUST Capital for research and marketing-support services. Specifically, USA Financial relies on JUST Capital's research to create our ESG models. For additional information regarding our relationship with JUST Capital

USA Financial Formulas' ESG models do not participate on the standard fee schedule, as indicated above. The fee charged on USA Financial's ESG models — whether the account is through USA Financial Formulas or USA Financial Exchange — is 50 basis points, or 0.50%, of the total assets in the ESG account.

Account Service Fees

EAS's service fees are assessed on transaction activities and services outside standard asset custody and trading. The Account Service Fees are charged to you should you utilize any of the services, as follows:

Account Service Fee Description	Fee Assessed
Check Distribution	No Fee
Outgoing Transfer/Account Closing Fee	$75
Outgoing Wired Funds	No Fee
ACH on Demand or Systematic	No Fee
Returned Check	$25 per occurrence
Cancelled Check	No Fee
Next Day Mail Service	$20 per request
Paper Statements	Monthly – No Fee
SoloK Annual Maintenance Fee	$50 quarterly
SoloK Loan Fee	$100 per loan

Performance Based Management

USA Financial Formulas does not charge performance fees — that is, fees based on a share of capital gains or capital appreciation of the assets in your account.

Side-by-side management occurs when an investment adviser manages both performance-based fee and accounts non-performance-based fee accounts at the same time. Side-by-side management can result in conflicts of interest because there is an incentive to direct clients to performance-based fee accounts because the firm will, most likely, receive more fees. However, because USA Financial Formulas does not charge performance fees, we do not engage in side-by-side management and have no conflicts of interest as a result.

Account Minimums

The firm requires a minimum account size of $35,000 for EAS and TD accounts and a $50,000 minimum for Pershing accounts. Exceptions may be made, solely in our discretion, based on a variety of factors, including but not limited to, prior or anticipated investment activity and family or employment relationships. We may also, in our discretion, aggregate related accounts in the same household in determining whether the account minimum has been met. Minimums may be negotiated depending on your personal circumstances. Furthermore, we also require that clients invest at least $15,000 in each model.

USA Financial Formulas may have clients that are trusts governed by the Employee Retirement Income Security Act of 1974, as amended ("ERISA"). We will not have any responsibility with respect to the administration of the employee benefit plan or its periodic reporting. We do not maintain bonding coverage described by Section 412 of ERISA because we do not have actual or constructive custody or possession of any client's assets. Our Investment Management Agreement does not permit us to transfer assets into any person's name or account other than your own. We believe that, under these circumstances, bonding may not be required based upon the nature of our services to be rendered and the limitations on our authority in the Investment Management Agreement, but each employee benefit plan trustee must make that determination for itself under ERISA. If there is any doubt, existing bonding arrangements for a plan’s trustees may provide coverage if the bonding company is advised in writing in advance of our investment management services. Bonding coverage is the plan rustee(s)'s responsibility, though we will try to help in any way we can upon your request.

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