Jonathan Max Lipshutz

We provide services to you and receive fees only from you. We do not accept commission from any third parties in connection with those services. Our investment advisory fee is based on a percentage of your assets under our management and ranges from 0.50% to 1.50% based upon the amount of your assets under our management and the complexity of the services we provide. Our fees are subject to annual minimums. This means that if you do not maintain a certain level of assets, you will pay a higher annualized rate than those referenced above. We either deduct our fee from one or more of your investment accounts or bill you for our services on a quarterly basis, in advance. Because our fee is based on the amount of your assets under our management, the more assets you entrust us to manage, the more you will pay us for our services. Therefore, we have an incentive to encourage you to increase the amount of assets that you entrust to us.

For stand-alone financial planning, consulting, tax and accounting services, we typically charge either a fixed fee or we bill our standard hourly rates. These services are billed through our wholly owned subsidiary, Savant Tax & Consulting.

Your account will be held with a qualified custodian. You will bear the expenses relating to the investment of your assets including any transaction costs, brokerage commissions, and mutual fund fees, which are in addition to the fees you pay us. Mutual fund and ETF fees and expenses are described in each fund’s prospectus and potentially include a management fee, distribution fee, and other fund expenses. 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. For more detailed information about our fees and costs related to our management of your account, please see Item 5 in our Form ADV Part 2A.

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 may recommend a particular custodian from whom we receive support services. This presents a conflict of interest, because our receipt of their support makes us more inclined to continue using and recommending them.

• We may recommend rollovers out of employer-sponsored retirement plans and into Individual Retirement Accounts that we manage for an asset-based fee. If we don’t currently manage your account held with your employer’s plan, this will increase our compensation.

For more detailed information about our conflicts of interest, please review Items 4, 10, 11, 12, 14 and 17 of our Form ADV Part 2A.

Our financial professionals are compensated on a salary plus bonus basis that can increase or decrease based on the amount of assets under management. In addition, some of our financial professionals are equity owners of the firm who stand to receive a share of the firm’s profits. There are also bonuses for bringing in additional assets from both new and existing clients. Collectively, this structure presents conflicts of interest because it can incentivize our financial professionals to recommend that you place additional assets under our management. You should discuss your financial professional’s compensation directly with your financial professional.