Gary B. Cloud

Our standard fee schedule for retail investors is 1% on the first $2 million, .75% on the next $3 million and .50% on the balance of the account with a minimum fee of $1,000 per year. Our advisory fees are negotiable. We are not a custodian; you will likely pay custody fees and any other fees custodians charge such as Trust and IRA fees. If you hold mutual funds you will also pay expense ratios for mutual fund holdings and brokers charge commissions on exchange traded funds and stocks. We are also an advisor to wrap programs in which the fees are determined by the wrap sponsors and are often higher than typical advisory fees. For more information regarding fees please see our disclosure document. fciadvisors.com/our-firm/form-adv

You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying.

When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the investment advice we provide you. Here are some examples to help you understand what this means.

We encourage clients to add to their accounts and prospects to open new accounts, this increases our fees and could be seen as a potential conflict of interest. We carry a line of credit with a local bank. We provide advisory services to the Bank’s Trust Department, this could represent a conflict. Our fee will reduce the return on your investments, for instance if your account earned 8% a 1% fee deduction would mean you received about a 7% return net of fees. We want to grow our business and have a strong vibrant company. We pay solicitors, associates and affiliates to help us grow the business through client referrals. We may pay them a percentage of your fee, this will not increase your fee. We have affiliated custodians which we recommend to our clients, this is viewed as a conflict of interest. When errors occur in accounts at these custodians the accounts are made whole, any inadvertent gains are maintained in the gain/loss account to offset future errors. Our best execution efforts include the receipt of research from brokers we select for your trades. Our associates trade in some of the securities we recommend to clients. Please refer to our full disclosure document for full context about these potential conflicts. fciadvisors.com/our-firm/form-adv

Our financial professionals are paid a salary and paid a bonus (based on several factors including client retention, the performance of representative accounts and composite performance). Selected professionals are offered the opportunity to purchase ownership shares of the firm which may or may not produce dividends. They are also paid referral fees for generating new business, for instance getting you to open a new account with us. This, also is a conflict of interest of which you should be aware, but does not increase your fee.