Common use of Advisor Compensation Clause in Contracts

Advisor Compensation. a. Advisor’s annual fee for investment management services provided under this Agreement shall be based upon a percentage (%) of the market value of the Assets Under Management (“AUM”) for all accounts placed under the management of Advisor, now or in the future. This fee shall beset at % unless specific accounts have a different fee set in either the fee schedule in a custodian’s account paperwork for that account(s) opened or assumed under management, or the fee schedule in this agreement in section 2 (e). This annual fee shall be prorated and paid quarterly, in advance, based upon the market value of the Assets on the last business day of the previous quarter. No increase in the annual fee percentage shall be effective without prior written notification to Client; b. Client authorizes the Custodian of the Assets to charge the Account for the amount of the Advisor’s fee and to remit such fee to Advisor in compliance with regulatory procedures; c. If applicable, Client authorizes advisor to engage the following separate independent investment manager(s): iii. In addition to Advisor’s annual investment management fee, Client shall also incur, as applicable: (1) charges imposed on all mutual fund and exchange traded fund purchases directly at the fund level (e.g. management fees and other fund expenses); (2) the fees charged by each separate manager at an independent investment manager who is engaged to manage the Assets; and (3) any fee associated with maintaining a retirement account charged by the Custodian of the Qualified Account. d. No portion of Advisor Compensation shall be based on capital gains or capital appreciation of the Assets except as provided for under the Investment Advisers Act of 1940; and, e. The below accounts, held at custodians where the new account paperwork does not permit the entry of the AUM charge, shall be charged the below listed AUM charges. If account numbers are not yet available, the stated rate will apply to all accounts opened immediately and in the future. If there is a discrepancy between a rate listed on new account applications and rate stated here, the rate on the new account application will prevail. Account Description or Type Account Number (if available) Annual Fee Expressed as a Percentage of Assets Under Management or Flat Dollar Amount 7. 8. 11. 12.

Advisor Compensation. a. Advisor’s annual fee for investment management services provided under this Agreement shall be based upon a percentage (%) of the market value of the Assets Under Management (“AUM”) for all accounts placed under the management of Advisor, now or in the future. This fee shall beset be set at % unless specific accounts have a different fee set in either the fee schedule in a custodian’s account paperwork for that account(s) opened or assumed under management, or the fee schedule in this agreement in section 2 (e). This annual fee shall be prorated and paid quarterly, in advance, based upon the market value of the Assets on the last business day of the previous quarter. No increase in the annual fee percentage shall be effective without prior written notification to Client; b. Client authorizes the Custodian of the Assets to charge the Account for the amount of the Advisor’s fee and to remit such fee to Advisor in compliance with regulatory procedures; c. If applicable, Client authorizes advisor to engage the following separate independent investment manager(s): iii. In addition to Advisor’s annual investment management fee, Client shall also incur, as applicablerelative to: (1) charges imposed on all mutual fund and exchange traded fund purchases purchases, charges imposed directly at the fund level (e.g. management fees and other fund expenses); (2) independent investment managers, the fees charged by each separate manager at an independent investment manager who is engaged to manage the Assets; and (3) any fee associated with maintaining a retirement account charged by the Custodian of the Qualified Account. d. No portion of Advisor Compensation shall be based on capital gains or capital appreciation of the Assets except as provided for under the Investment Advisers Act of 1940; and, e. The below accounts, held at custodians where the new account paperwork does not permit the entry of the AUM charge, shall be charged the below listed AUM charges. If account numbers are not yet available, the stated rate will apply to all accounts opened immediately and in the future. If there is a discrepancy between a rate listed on new account applications and rate stated here, the rate on the new account application will prevail. Account Description or Type Account Number (if available) Annual Fee Expressed as a Percentage of Assets Under Management or Flat Dollar Amount 7. 8. 11. 12.

Advisor Compensation. a. Advisor’s annual fee for investment management services provided under this Agreement shall be based upon a percentage (%) of the market value of the Assets Under Management (“AUM”) for all accounts placed under the management of Advisor, now or in the future. This fee shall beset be set at % unless specific accounts have a different fee set in either the fee schedule in a custodian’s the new account paperwork for that the account(s) opened or assumed under management, management at LPL Financial or the fee schedule in this agreement in section 2 (e)) for accounts at other custodians. This annual fee shall be prorated and paid quarterly, in advance, based upon the market value of the Assets on the last business day of the previous quarter. No increase in the annual fee percentage shall be effective without prior written notification to Client; b. Client authorizes the Custodian of the Assets to charge the Account for the amount of the Advisor’s fee and to remit such fee to Advisor in compliance with regulatory procedures; c. If applicable, Client authorizes advisor to engage the following separate independent investment manager(s): iii. In addition to Advisor’s annual investment management fee, Client shall also incur, as applicablerelative to: (1) charges imposed on all mutual fund and exchange traded fund purchases purchases, charges imposed directly at the fund level (e.g. management fees and other fund expenses); (2) independent investment managers, the fees charged by each separate manager at an independent investment manager who is engaged to manage the Assets; and (3) any fee associated with maintaining a retirement account charged by the Custodian of the Qualified Account. d. No portion of Advisor Compensation shall be based on capital gains or capital appreciation of the Assets except as provided for under the Investment Advisers Act of 1940; and, e. The below accounts, held at custodians where the new account paperwork does not permit the entry of the AUM charge, shall be charged the below listed AUM charges. If account numbers are not yet available, the stated rate will apply to all accounts opened immediately and in the future. If there is a discrepancy between a rate listed on new account applications and rate stated here, the rate on the new account application will prevail. Account Description or Type Account Number (if available) Annual Fee Expressed as a Percentage of Assets Under Management or Flat Dollar Amount 7. 8. 11. 12.

Advisor Compensation. a. Advisor’s annual fee for investment asset management services provided under this Agreement shall be based upon on a percentage (%) of the market value of the Assets Under Management (“AUM”) for all accounts placed under the management of AdvisorAssets, now or in the future. This fee shall beset at % unless specific accounts have a different fee set in either accordance with the fee schedule in annexed hereto and made a custodian’s account paperwork part hereof as Exhibit(s) A or C. There will be a separate Exhibit A or C for that account(s) opened or assumed under management, or each Account managed by the fee schedule in this agreement in section 2 (e)Advisor. This The annual fee shall be prorated based on deposits and paid quarterly, in advance, based upon the market value withdrawals of greater than $5 during a quarter and details related to payment of the Assets on the last business day of the previous quarter. fee are also included in Exhibit(s) A and C. No increase in the annual fee percentage shall be effective without 30 days prior written notification to Client. The annual fee may be negotiated or waived, in whole or in part, at the Advisor’s sole discretion; b. Unless Client authorizes pays Advisor directly for its services (in which event Advisor’s fee is due and payable upon receipt of Advisor’s billing invoice), Client shall direct and authorize the Custodian custodian of the Assets to charge the Account for the amount of the Advisor’s fee as directed by the Advisor and to remit such fee to Advisor in compliance accordance with required regulatory procedures. Client also directs and authorizes the Advisor to instruct the custodian of the Assets to send Client a statement, at least quarterly, indicating all amounts disbursed from the Account, including the fee paid to Advisor. Client acknowledges that it is responsible to verify the accuracy of the Advisor’s fee and such custodian will not determine whether the Advisor’s fee is accurate or properly calculated; c. If applicableThe annual fee does not include underlying mutual fund, Client authorizes advisor to engage the following separate independent investment manager(s): iii. In addition to Advisor’s annual investment management fee, Client shall also incur, as applicable: (1) charges imposed on all mutual fund and exchange traded fund purchases directly (“ETF”) or private/alternative fund advisory fees or expenses taken at the individual fund level (e.g. management for any mutual funds or ETFs in the Account. These fees and other fund expenses); (2) the fees charged by each separate manager at an independent investment manager who is engaged to manage the Assets; and (3) any fee associated with maintaining a retirement account expenses are charged by the Custodian fund managers and service providers in the normal course of business and are reflected in the share value of the Qualified fund. Moreover, these fees and expenses are the standard expenses that all fund investors incur as a result of investment in such funds. The annual fee is not reduced by the amount of the fees or other compensation, if any, received by the Advisor from a mutual fund or ETF for investment management or certain other services as a result of the Account's investments in such funds; and d. The annual fee does not cover charges resulting from trades effected through broker-dealers or markups or markdowns by such broker-dealers, transfer taxes, exchange fees, regulatory fees, odd-lot differentials, handling charges, electronic fund and wire transfer fees, and any other charges imposed by law or otherwise agreed to with regard to the Account. d. No portion of Advisor Compensation shall be based on capital gains or capital appreciation of the Assets except as provided for under the Investment Advisers Act of 1940; and, e. The below accounts, held at custodians where the new account paperwork does not permit the entry of the AUM charge, shall be charged the below listed AUM charges. If account numbers are not yet available, the stated rate will apply to all accounts opened immediately and in the future. If there is a discrepancy between a rate listed on new account applications and rate stated here, the rate on the new account application will prevail. Account Description or Type Account Number (if available) Annual Fee Expressed as a Percentage of Assets Under Management or Flat Dollar Amount 7. 8. 11. 12.

Advisor Compensation. a. Advisor’s annual fee for investment management services provided under this Agreement shall be based upon a percentage (%( ) of the market value of the Assets Under Management (“"AUM”") for all accounts placed under the management of Advisor, now or in the future. This fee shall beset at % unless specific accounts have a different fee set in accordance with either the fee schedule in a custodian’s the new account paperwork for that the account(s) opened or assumed under management, management at LPL Financial or the fee schedule in this agreement enclosed herein in section 2 (e)) for accounts at other custodians. This annual fee shall be prorated and paid quarterly, in advance, based upon the market value of the Assets on the last business day of the previous quarter. No increase in the annual fee percentage shall be effective without prior written notification to Client; b. Client authorizes the Custodian of the Assets to charge the Account for the amount of the Advisor’s fee and to remit such fee to Advisor in compliance with regulatory procedures; c. If applicable, Client authorizes advisor to engage the following separate independent investment manager(s): iii. In addition to Advisor’s annual investment management fee, Client shall also incur, as applicablerelative to: (1) charges imposed on all mutual fund and exchange traded fund purchases purchases, charges imposed directly at the fund level (e.g. management fees and other fund expenses); (2) independent investment managers, the fees charged by each separate manager at an independent investment manager who is engaged to manage the Assets; and (3) any fee associated with maintaining a retirement account charged by the Custodian of the Qualified Account. d. No portion of Advisor Compensation shall be based on capital gains or capital appreciation of the Assets except as provided for under the Investment Advisers Act of 1940; and, e. The below accounts, held at custodians where the new account paperwork does not permit the entry of the AUM charge, shall be charged the below listed AUM charges. If account numbers are not yet available, the stated rate will apply to all accounts opened immediately and in the future. If there is a discrepancy between a rate listed on new account applications and rate stated here, the rate on the new account application will prevail. Account Description or Type Account Number (if available) Annual Fee Expressed as a Percentage of Assets Under Management or Flat Dollar Amount 7. 8. 11. 12.