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RebalancingThe System will rebalance a client’s account periodically by generating instructions toCS&Co. to buy and sell shares of funds and depositing or withdrawing funds throughthe “Sweep Program”, considering the asset allocation for the client’s investmentstrategy. Rebalancing trade instructions can be generated by the System when (i) thepercentage allocation of an asset class varies by a set parameter established byRegistrant, (ii) Registrant decides to change asset allocation percentages for aninvestment strategy or (iii) Registrant decides to change a client’s investment strategy,which could occur, for example, when a client makes changes to their investmentprofile or imposes or modifies restrictions on the management of their account.Sweep ProgramEach investment strategy involves a cash allocation (“Cash Allocation”) that will beheld in a sweep program at Charles Schwab Bank (the “Sweep Program”). The CashAllocation will be a minimum of 4% of an account’s value to be held in cash, and maybe higher, depending on the investment strategy chosen for a client. The CashAllocation will be accomplished through enrollment in the Sweep Program, a programsponsored by CS&Co. By enrolling in the Program, clients consent to having the freecredit balances in their brokerage accounts at CS&Co. swept into deposit accounts(“Deposit Accounts”) at Charles Schwab Bank (“Schwab Bank”) through the SweepProgram. Schwab Bank is an FDIC-insured depository institution that is a Schwabaffiliate. The Sweep Program is a required feature of the Program. If the DepositAccount balances exceed the Cash Allocation for a client’s investment strategy, theexcess over the rebalancing parameter will be used to purchase securities as part ofrebalancing. If clients request cash withdrawals from their accounts, this likely willrequire the sale of fund positions in their accounts to bring their Cash Allocation inline with the target allocation for their chosen investment strategy. If those clients havetaxable accounts, those sales may generate capital gains (or losses) for tax purposes.In accordance with an agreement with CS&Co., Schwab Bank has agreed to pay aninterest rate to depositors participating in the Sweep Program that will be determinedby reference to an index.Compensation to Schwab Under the ProgramClients do not pay fees to SPT or brokerage commissions or other fees to CS&Co. aspart of the Program. Schwab does receive other revenues, including (i) the profitearned by Charles Schwab Bank, a Schwab affiliate, on the allocation to the SchwabIntelligent Portfolios Sweep Program described in the Schwab Intelligent PortfoliosSweep Program Disclosure Statement; (ii) investment advisory and/or administrativeservice fees (or unitary fees) received by Charles Schwab Investment Management,Inc., a Schwab affiliate, from Schwab ETFs Schwab Funds and Laudus Funds that Registrant selects to buy and hold in the client’s brokerage account; (iii) feesreceived by Schwab from third-party ETFs that participate in the Schwab ETFOneSource program and mutual funds in the Schwab Mutual Fund Marketplace (including certain Schwab Funds and Laudus Funds) in the client’s brokerage accountfor services Schwab provides; and (iv) remuneration Schwab may receive from themarket centers where it routes ETF trade orders for execution.Page 5

FINANCIAL PLANNING AND CONSULTING SERVICES (STAND-ALONE)To the extent requested by a client, the Registrant may determine to provide financialplanning and/or consulting services (including investment and non-investment relatedmatters, including estate planning, insurance planning, etc.) on a stand-aloneseparate fee basis. Registrant’s planning and consulting fees are negotiable, butgenerally range from 500 to 50,000 on a fixed fee basis, and from 75 to 450 onan hourly rate basis, depending upon the level and scope of the service(s) requiredand the professional(s) rendering the service(s). Prior to engaging the Registrant toprovide planning or consulting services, clients are generally required to enter into aFinancial Planning and Consulting Agreement with Registrant setting forth the termsand conditions of the engagement (including termination), describing the scope of theservices to be provided, and the portion of the fee that is due from the client prior toRegistrant commencing services. If requested by the client, Registrant mayrecommend the services of other professionals for implementation purposes,including the Registrant’s representatives in their individual capacities as certifiedpublic accountants. (See disclosure and descriptions of conflicts of interest at Item10.C. below). The client is under no obligation to engage the services of any suchrecommended professional. The client retains absolute discretion over all suchimplementation decisions and is free to accept or reject any recommendation fromthe Registrant. Please Note: If the client engages any such recommendedprofessional, and a dispute arises thereafter relative to such engagement, the clientagrees to seek recourse exclusively from and against the engaged professional. Atall times, the engaged licensed professional[s] (i.e. attorney, accountant, insuranceagent, etc.), and not Registrant, shall be responsible for the quality and competencyof the services provided. Please Also Note: It remains the client’s responsibility topromptly notify the Registrant if there is ever any change in his/her/its financialsituation or investment objectives for the purpose of reviewing/evaluating/revisingRegistrant’s previous recommendations and/or services.MISCELLANEOUSPortfolio Activity. Registrant has a fiduciary duty to provide services consistent withthe client’s best interest. As part of its investment advisory services, Registrant willreview client portfolios on an ongoing basis to determine if any changes are necessarybased upon various factors, including, but not limited to, investment performance,fund manager tenure, style drift, account additions/withdrawals, and/or a change inthe client’s investment objective. Based upon these factors, there may be extendedperiods of time when Registrant determines that changes to a client’s portfolio areneither necessary nor prudent. Clients are still subject to the fees described in Item 5below, even during periods of account inactivity. Of course, as indicated below, therecan be no assurance that investment decisions made by Registrant will be profitableor equal any specific performance level(s).National Advisors Trust Company (NATC) - Conflict of Interest: Registrant’saffiliate and parent company, Warren Averett Asset Management, LLC (“WarrenAverett”), is a shareholder of National Advisor Holdings, Inc. (NAH), a Delawarecorporation organized in August of 1999. Warren Averett holds less than 1.0% in theaggregate of the outstanding stock of NAH. NAH has chartered an institution throughthe Office of Thrift Supervision known as National Advisers Trust Company (NATC).NATC provides custody, banking, and trust services to clients of registeredinvestment advisory firms, such as Registrant and Warren Averett, across the UnitedStates. Because Registrant’s affiliate and parent company has an interest in NAH,Page 6

and therefore indirectly has an interest in NATC, a conflict of interest is presentbecause the Registrant could have an economic incentive to recommend NATC’sservices. No client is under any obligation to use NATC’s services. ANYQUESTIONS: Registrant’s Chief Compliance Officer, Andrea W. Johnson, remainsavailable to address any questions regarding NATC and the corresponding conflict ofinterest.Affiliated Firm: Kinsight. The Registrant is affiliated with Kinsight, LLC (“Kinsight”),a previously SEC registered investment adviser. Kinsight terminated its registrationon March 9, 2018. An employee of Warren Averett, Charles Haines, is the majorityowner of Kinsight and may refer certain clients to the Registrant for advisory services.However, the Registrant does not refer clients to Kinsight, and Kinsight will not receiveany referral fee from the Registrant for any such recommendations. Kinsightmaintains common personnel and offices with the Registrant.Affiliated Investment Adviser Firm: Warren Averett. The Registrant is owned byWarren Averett, an SEC registered investment adviser. Warren Averett may refercertain clients to the Registrant for advisory services and vice versa. Neither theRegistrant nor Warren Averett will receive any referral fee from the other for any suchrecommendations. However, certain of Registrant’s representatives andrepresentatives of Warren Averett may have an interest in Warren Averett’s SoleMember, Warren Averett Companies, LLC. As such, these individuals may be entitledto receive distributions relative to their respective interests in Warren AverettCompanies, LLC, if any. The Registrant reminds all clients that no one is under anyobligation to engage the services of Warren Averett. The Registrant’s ChiefCompliance Officer, Andrea W. Johnson, remains available to address anyquestions that a client or prospective client may have regarding the aboveconflict of interest.Affiliated Firm: Kinsight. The Registrant is affiliated with Kinsight, LLC (“Kinsight”),a previously SEC registered investment adviser. Kinsight terminated its registrationon March 9, 2018. An employee of the Registrant’s affiliate and parent company,Warren Averett Asset Management, LLC (“Warren Averett”), Charles Haines, is themajority owner of Kinsight and may refer certain clients to the Registrant for advisoryservices. However, the Registrant does not refer clients to Kinsight, and Kinsight willnot receive any referral fee from the Registrant for any such recommendations.Kinsight maintains common personnel and offices with the Registrant.Affiliated Private Funds. The Registrant and or its owners are affiliated with severalprivate investment funds: Haines All Seasons Select I, LLC, Haines All SeasonsSelect II, LLC, Haines Opportunity Portfolio II, LLC (class A and class B), and HFA,Ltd. (together, the “Affiliated Funds”), and the condensed descriptions of each are setforth below (the complete description of the terms, conditions, and risks associatedwith each of the Affiliated Funds is set forth in each Affiliated Fund’s offeringdocuments). The Registrant does not recommend that clients allocate a portion oftheir investment assets to the Affiliated Funds. The terms and conditions forparticipation in the Affiliated Funds, conflicts of interest, and risk factors are set forthin the applicable fund’s offering documents. Registrant’s clients are under absolutelyno obligation to consider or make an investment in private investment fund(sHaines All Seasons Select I, LLC & Haines All Seasons Select II, LLC –Registrant’s affiliate, Kinsight, LLC, is general partner in Haines All SeasonsPage 7

Select Funds I & II. These LLCs are comprised of a single private-equityinvestment in the healthcare industry. Registrant’s affiliate and parentcompany Warren Averett’s employee, Charles Haines, is the majority ownerand manager of Kinsight, LLC.Haines Opportunity Portfolio II, LLC – The Registrant’s affiliate and parentcompany, Warren Averett, is general partner in and investment advisor toHaines Opportunity Portfolio II. This LLC seeks long-term capital appreciationwith less dependence on market conditions. The Fund will use a select groupof asset managers that employ primarily diversified equity-related investmentstrategies aimed at generating appropriate risk-adjusted returns.HFA, Ltd – The Registrant’s affiliate and parent company, Warren Averett, isgeneral partner in, and investment adviser to, HFA, Ltd. The partnership existsin order to make direct investments in real estate.Conflict of Interest. The Registrant’s affiliate, Kinsight, has an ownership interest inHaines All Seasons Select II, LLC, as detailed in the fund descriptions. This presentsa conflict of interest because Kinsight invests in its own private fund and may havean incentive to take unnecessary risk to increase the return on investment. However,the Registrant, following the Code of Ethics that all employees are required toacknowledge annually, puts the interest of the client before its own and does not takeunnecessary risks. In addition, Registrant’s clients are under absolutely no obligationto consider or make an investment in private investment fund(s).Private Investment Fund Risk Factors. Private investment funds generally involvevarious risk factors, including, but not limited to, potential for complete loss ofprincipal, liquidity constraints and lack of transparency, a complete discussion ofwhich is set forth in each fund’s offering documents, which will be provided to eachclient for review and consideration. Unlike liquid investments that a client maymaintain, private investment funds do not provide daily liquidity or pricing. Eachprospective client investor will be required to complete a Subscription Agreement,pursuant to which the client shall establish that he/she is qualified for investment inthe fund and acknowledges and accepts the various risk factors that are associatedwith such an investment.Private Investment Fund Valuation. In the event that the Registrant referencesprivate investment funds owned by the client on any supplemental account reportsprepared by the Registrant, the value(s) for all private investment funds owned by theclient shall reflect the most recent valuation provided by the fund sponsor. If the fundsponsor does not provide a post-purchase valuation, then the valuation shall reflectthe initial purchase price (and/or a value as of a previous date) or the current value(s)(either the initial purchase price and/or the most recent valuation provided by the fundsponsor). If the valuation reflects the initial purchase price (and/or a value as of aprevious date), then the current value(s) (to the extent ascertainable) could besignificantly more or less than the original purchase price. The client’s advisory feeshall be based upon such reflected fund value(s).Sub-Advisory Arrangement. The Registrant engages sub-advisers to assist theRegistrant with providing investment advisory services to the Registrant’s clients(including investment management and planning/consulting services). Specifically,Page 8

the Registrant has engaged its affiliated SEC registered investment adviser, WarrenAverett Asset Management, LLC (SEC# 801-60741) (“Warren Averett”) to providesub-advisory services (See Item 10.C below), pursuant to which Warren Averett shallhave discretionary authority for the day-to-day management of the assets that areallocated to it by the Registrant. Warren Averett shall continue in such capacity untilsuch arrangement is terminated or modified by the Registrant. The Registrantmaintains the initial and ongoing day-to-day relationship with the underlying client,including initial and ongoing determination of client suitability for the sub-adviser’sdesignated investment strategies and/or programs. The Registrant maintainscommon management, personnel and offices with Warren Averett. The Registrant’sChief Compliance Officer, Andrea W. Johnson, remains available to addressany questions concerning the Registrant’s sub-advisory arrangements.Non-Investment Consulting/Implementation Services. To the extent requested bythe client, the Registrant may provide consulting services regarding non-investmentrelated matters, such as estate planning, tax planning, insurance, etc. Neither theRegistrant, nor any of its representatives, serves as an attorney or an insurance agentand no portion of the Registrant’s services should be construed as same. To theextent requested by a client, the Registrant may recommend the services of otherprofessionals for certain non-investment implementation purposes (i.e. attorneys,accountants, insurance, etc.), including representatives of the Registrant in theirseparate licensed capacities as discussed in Item 10.C. below. The client is under noobligation to engage the services of any such recommended professional. The clientretains absolute discretion over all such implementation decisions and is free toaccept or reject any recommendation from the Registrant. Please Note: If the clientengages any such recommended professional, and a dispute arises thereafterrelative to such engagement, the client agrees to seek recourse exclusively from andagainst the engaged professional. At all times, the engaged licensed professional[s](i.e. attorney, accountant, insurance agent, etc.), and not Registrant, shall beresponsible for the quality and competency of the services provided. Please AlsoNote: It remains the client’s responsibility to promptly notify the Registrant if there isever any change in their financial situation or investment objectives for the purposeof reviewing, evaluating, or revising Registrant’s previous recommendations and/orservices.Custodian Charges-Additional Fees. As discussed below at Item 12 below, whenrequested to recommend a broker-dealer/custodian for client accounts, Registrantgenerally recommends that Fidelity Brokerage Services, LLS and National FinancialServices, LLC (together “Fidelity”) or Schwab serve as the broker-dealer/custodianfor client investment management assets. Broker-dealers such as Fidelity andSchwab charge brokerage commissions, transaction, and/or other type fees foreffecting certain types of securities transactions (i.e., including transaction fees forcertain mutual funds, and mark-ups and mark-downs charged for fixed incometransactions, etc.). The types of securities for which transaction fees, commissions,and/or other type fees (as well as the amount of those fees) shall differ dependingupon the broker-dealer/custodian (while certain custodians, including Fidelity andSchwab, do not currently charge fees on individual equity transactions, others do).These fees/charges are in addition to Registrant’s investment advisory fee at Item 5below. Registrant does not receive any portion of these fees/charges. ANYQUESTIONS: Registrant’s Chief Compliance Officer, Andrea Johnson remainsavailable to address any questions that a client or prospective client may haveregarding the above.Page 9

Trustee Directed Plans. Registrant may be engaged to provide discretionaryinvestment advisory services to ERISA retirement plans, whereby the Firm shallmanage Plan assets consistent with the investment objective designated by the Plantrustees. In such engagements, Registrant will serve as an investment fiduciary asthat term is defined under The Employee Retirement Income Security Act of 1974(“ERISA”). Registrant will generally provide services on an “assets undermanagement” fee basis per the terms and conditions of an Investment AdvisoryAgreement between the Plan and the Firm.Please Note: Retirement Rollovers-No Obligation/Conflict of Interest: A clientleaving an employer typically has four options regarding an existing retirement plan(and may engage in a combination of these options): (i) leave the money in his/herformer employer’s plan, if permitted, (ii) roll over the assets to his/her new employer’splan, if one is available and rollovers are permitted, (iii) roll over to an IndividualRetirement Account (“IRA”), or (iv) cash out the account value (which could,depending upon the client’s age, result in adverse tax consequences). The Registrantmay recommend an investor roll over plan assets to an IRA managed by theRegistrant. As a result, th

part of the Program. Schwab does receive other revenues, including (i) the profit earned by Charles Schwab Bank, a Schwab affiliate, on the allocation to the Schwab Intelligent Portfolios Sweep Program described in the Schwab Intelligent Portfolios Sweep Program Disclosure Statement; (ii) investment advisory and/or administrative