Description of Services and Fees Vantage Financial Group, Inc. is a registered investment adviser primarily based in Cleveland, Ohio. We are organized as a corporation under the laws of the State of Ohio. We have been providing investment advisory services since 1988. William M. McCormick, Michael T. Bearducci, Michael F. Cleary, and George D. Smith, are our principal owners. Currently, we offer the following investment advisory services, which are personalized to each individual client: I. Portfolio Management Services II. Financial Planning Services III. Financial Consulting Services IV. Retirement Plan Consulting Services The following paragraphs describe our services and fees. Please refer to the description of each investment advisory service listed below for information on how we tailor our advisory services to your individual needs. As used in this brochure, the words "we", "our" and "us" refer to Vantage Financial Group, Inc. and the words "you", "your" and "client" refer to you as either a client or prospective client of our firm. Also, you may see the term Associated Person throughout this brochure. As used in this brochure, our Associated Persons are our firm's officers, employees, and all individuals providing investment advice on behalf of our firm.
I. Portfolio Management Services We provide discretionary and non-discretionary portfolio management services on a continuous basis. The investment advice provided varies depending upon your desires, objectives, and other preferences. Each individual investment portfolio will be developed within the context of, but not limited to, your total investment net worth, acceptable degree of risk tolerance, and particular investment needs, goals and objectives.
The fee schedule for Portfolio Management Services are as follows: Tiered Schedule Portfolio Value Maximum Fee First $100,0002.25% Next $150,0002.00% Next $250,0001.50% Next $500,0001.00% Over $1,000,0001.00% *Linear Schedules may exist with certain legacy clients, but are no longer available to new clients In lieu of a tiered fee schedule, clients may elect to pay a flat asset-based fee of up to 2.25% annually. Such fee will be based on individual client circumstances, as negotiated on a case-by-case basis.
The applicable fees referenced on this schedule include all fees and charges for the services of Vantage Financial Group.
In addition to the fee for advisory services, clients may also incur account fees and charges from Cetera Advisor Networks LLC ("Cetera"), the broker-dealer used by Adviser's Investment Adviser Representatives, and/or Pershing LLC ("Pershing"), the clearing firm used by Adviser. Normal 4 transaction charges and account fees (i.e. returned check fee, overnight charges, IRA Custodian, paper statement, trade confirmation, etc.) apply to all accounts. Cetera charges and fees are included in a "Supplemental Disclosure" that is provided to the Client at the time the account is opened. A schedule of Pershing charges and fees are sent to the Client directly by Pershing at the time the account is opened. Should there be a change to these transaction charges or account fees, Cetera and/or Pershing will provide client with a new fee schedule prior to any changes becoming effective.
The fee is negotiable and is payable either quarterly in arrears or in advance, depending on the agreement with the client. If billed in arrears, the first payment will be assessed pro-rata on the next quarterly billing cycle. Subsequent payments are due and will be assessed on the last day of each calendar quarter based on the value of the Account assets under management as of the close of business on the last business day of the preceding quarter as valued by an independent pricing service, where available, or otherwise in good faith. In all instances, the fee will be rounded to the nearest dollar. If the agreement is terminated at any time other than the last day of a calendar quarter, a pro-rata invoice will be prepared through the date of termination when the account is billed in arrears.
If assets are deposited after the inception of a quarter or withdrawn prior to the end of a quarter, the fee chargeable with respect to such assets as of the next calculation date will be prorated based on the number of days during the quarter. For valuation purposes, the assets will be valued by an independent pricing service, where available, or otherwise in good faith. At our discretion, we may allow accounts of members of the same household to be aggregated for purposes of determining the advisory fee. We may allow such aggregation, for example, where we service accounts on behalf of minor children of current clients, individual and joint accounts for a spouse, and other types of related accounts. This consolidation practice is designed to allow you the benefit of an increased asset total which could potentially cause the account(s) to be assessed a reduced advisory fee based on the breakpoints available in our fee schedule as stated above.
You authorize Pershing to deduct all applicable fees from your Program Account and all such fees will be clearly noted on your statements.
You understand that we, our Investment Advisor Representatives, Cetera, and Pershing and their agents, in connection with the performance of their respective services, shall be entitled to and will share in the fee payable.
We will either invoice you directly for the management fee, or payment of the fees will be made by the qualified custodian holding your funds and securities provided you give written authorization permitting the fees to be paid directly from your account. We will not have access to your funds for payment of fees without your consent in writing. Further, the qualified custodian agrees to deliver a quarterly account statement directly to you. You are encouraged to review your account statements for accuracy. We will receive a duplicate copy of the statement that was delivered to you.
We or you may terminate the agreement within five days of the date of acceptance without penalty. After the five-day period, either party may terminate the agreement by providing written notice to the other party. A pro-rata invoice will be prepared and sent to you for any fees due to the firm.
Types of Investments We primarily offer advice including but not limited to mutual funds, exchange traded funds ("ETFs") and equity securities. We may also offer advice on UITs, options, bonds, and alternative investments..
5 Additionally, we may advise you on any type of investment that we deem appropriate based on your stated goals and objectives. We may also provide advice on any type of investment held in your portfolio at the inception of our advisory relationship.
You may request that we refrain from investing in particular securities or certain types of securities. You must provide these restrictions to our firm in writing..
Assets Under Management As of December 31, 2023, we provide continuous management services for $580,544,355 in client assets on a discretionary basis, and $139,739,637 in client assets on a non-discretionary basis. We also manage $350,607,157 in client assets on a non-continuous basis.
II. Financial Planning Services We engage in broad-based, comprehensive and goal-based financial planning. Such services typically involve providing a variety of services to clients regarding the management of their financial resources based upon an analysis of their individual needs. The process typically begins with an initial consultation during which the various services provided by us are explained. During or after the initial consultation, if you decide to engage us for financial planning services, pertinent information about your personal and financial circumstances and objectives is collected. As required, we will conduct follow-up interviews for the purpose of reviewing and/or collecting financial data. Once such information has been reviewed and analyzed, a written financial plan - designed to achieve your stated financial goals and objectives - will be produced and presented to you.
Some clients

may only require advice on a single aspect of the management of their financial resources. For these clients, we offer financial plans in a modular format that address only those specific areas, depending on each client's unique circumstances.
Financial planning may be rendered in the areas of, but are not limited to; tax planning, investment planning, retirement planning, estate planning, cash flow and budgeting planning, business planning, education planning and personal financial planning.
Financial plans are based on your financial situation at the time the plan is presented and are based on financial information disclosed by you to us. You are advised that we may make certain assumptions with respect to interest and inflation rates and use of past trends and performance of the market and economy. Past performance is in no way an indication of future performance. We cannot offer any guarantees or promises that your financial goals and objectives will be met. As your financial situation, goals, objectives, or needs change, you must notify us promptly.
Financial planning services are provided on either a fixed fee or hourly fee basis in accordance with the following fee schedule: Service:Maximum Fee: Comprehensive Financial Plan $ 10,000 Modular Financial Plans $ 5,000 Hourly Rate $ 500 The type and amount of the fees we charge will be negotiated on a case-by-case basis, and are based on the complexity of your financial situation, the scope of services, and the professional representative providing the services. An estimate of the total cost is determined at the start of the advisory 6 relationship. Fees are payable on completion of the contracted services. In limited circumstances, other fee paying arrangements may be permitted with written approval from the Chief Compliance Officer.
We may, at our discretion, waive or offset the financial planning fee should you choose to implement the plan or some of the plan through our Portfolio Management services. We reserve the right to determine whether the financial planning fees will be waived or offset by the advisory fees earned in the implementation process.
Moreover, if you implement the financial plan through us, and our associated persons, in their capacity as registered representatives of Cetera Advisor Networks LLC. ("Cetera"), receive compensation from other sources (i.e. commissions from the sale of mutual funds and/or commissions from insurance products), we may offset the financial planning fee to reflect the additional compensation earned, to the extent permitted by law.
Either party may terminate the financial planning or consulting agreement within five days of the date of acceptance without penalty. After the five day period, either party may terminate the agreement by providing written notice to the other. In the event there are any prepaid unearned fees, we will promptly refund a pro rata share to you.
III. Financial Consulting Services We engage in broad-based and situational Financial Consulting services. Such services typically involve providing a variety of services to clients regarding the management of their financial resources based upon an analysis of their individual needs. The process typically begins with an initial consultation during which the various services provided by us are explained. During or after the initial consultation, if you decide to engage us for financial consulting services, pertinent information about your personal and financial circumstances and objectives is collected. As required, we will conduct follow-up interviews for the purpose of reviewing and/or collecting financial data. Once such information has been reviewed and analyzed, you will be provided with advice and recommendations. A formal written plan may be provided at the request of the client, but is not required.
Financial consulting may be rendered in the areas of, but are not limited to; tax planning, investing, retirement planning, estate planning, cash flow and budgeting, business planning and education planning.
Financial consulting may be a one-time event or may be provided on an ongoing basis, depending on the needs of the client. Consulting agreements may be effective for a term no longer than 3 years.
Financial consulting advice and recommendations are based on your financial situation at the time consulting is provided and is based on financial information disclosed by you to us. You are advised that we may make certain assumptions with respect to interest and inflation rates and use of past trends and performance of the market and economy. Past performance is in no way an indication of future performance. We cannot offer any guarantees or promises that your financial goals and objectives will be met. As your financial situation, goals, objectives, or needs change, you must notify us promptly.
Financial consulting services are provided on either a set, fixed scheduled basis or on an hourly basis in accordance with the following schedule: Service:Maximum Fee: Scheduled Fixed Basis $ 10,000 per quarter Hourly Rate $ 500 7 The type and amount of the fees we charge will be negotiated on a case-by-case basis, and are based on the complexity of your financial situation, the scope of services, and the professional representative providing the services. An estimate of the total cost is determined at the start of the advisory relationship. In limited circumstances, other fee paying arrangements and/or fees greater than the stated maximums may be permitted with written approval from the Chief Compliance Officer.
The scope of the financial consulting services may not include assets already part of a Portfolio Management Services agreement with us.
Either party may terminate the financial consulting agreement within five days of the date of acceptance without penalty. After the five day period, either party may terminate the agreement by providing written notice to the other. In the event there are any prepaid unearned fees, we will promptly refund a pro rata share to you.
IV. Retirement Plan Consulting Services We offer retirement plan consulting services to employee benefit plans and their fiduciaries based upon the needs of the plan and the services requested by the plan sponsor or named fiduciary. In general, these services may include an existing plan review and analysis, plan-level advice regarding fund selection and investment options, education services to plan participants, investment performance monitoring, and/or ongoing consulting.
We may also assist with participant enrollment meetings and provide investment-related educational seminars to plan participants on such topics as:
•Diversification
•Asset allocation
•Risk tolerance
•Time horizon Our educational seminars may include other investment-related topics specific to the particular plan.
We may also provide additional types of retirement plan consulting services to plans on an individually negotiated basis. All services, whether discussed above or customized for the plan based upon requirements from the plan fiduciaries (which may include additional plan-level or participant-level services) shall be detailed in a written agreement and be consistent with the parameters set forth in the plan documents.
Our advisory fees for these customized services will be negotiated with the plan sponsor or named fiduciary on a case-by-case basis.
You may terminate the retirement plan consulting services agreement upon Written notice to our firm. You will incur a pro rata charge for services rendered prior to the termination of the agreement, which means you will incur advisory fees only in proportion to the number of days in the quarter for which you are a client. If you have pre-paid advisory fees that we have not yet earned, you will receive a prorated refund of those fees.
Either party to the retirement plan consulting agreement may terminate the agreement upon written notice to the other party in accordance with the terms of the agreement for services. The retirement plan consulting fees will be prorated for the quarter in which the termination notice is given and any unearned fees will be refunded to the client.
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