1650 Wealth Management LLC

Item 5 – Fees and Compensation
Household Assets               Marginal Fee
$0-$1,000,000                  1.00%
$1,000,001-$3,000,000          0.75%
$3,000,001-$5,000,000          0.50%
$5,000,001 and up              0.25%
A $2 million account would be billed at 1% for the first $1 million in assets and at a rate of 0.75% for assets
from $1 million - $2 million.
Minimum Account Size
We have established account minimums at $500,000, although we will occasionally make exceptions for
friends, relatives, or business associates of current clients. Each client's agreement will state their fee schedule.
Negotiability of Fees
To ensure the equal treatment of all clients, 1650 Wealth Management LLC's fees are generally not negotiable,
though 1650 Wealth Management LLC reserves the right to negotiate fees for accounts above $5 million.
The specific fees charged for each client is listed in the clients' fee section of their agreement with 1650.
Billing Process
1650 Wealth Management LLC bills client accounts in advance for a given quarter on the first business day of
that quarter by applying one fourth of the applicable annual fee to the closing market value of the household,
including accrued interest or margin balances on the just-concluded quarter's last trading day. An account
billed on the first business day of January, for example, applies one fourth of the appropriate household rate to
the account's market value on the last trading day of December. Clients generally authorize 1650 Wealth
Management LLC to directly debit fees from their accounts. Management fees shall be prorated for each
capital contribution and withdrawal made during the applicable calendar quarter (with the exception of de
minimis contributions and withdrawals). Accounts initiated or terminated during a calendar quarter will be
charged a prorated fee. Proration of fees for new accounts will start at the beginning of the following quarter.
Proration for terminated accounts will occur as of the date of termination Upon termination of any account,
any prepaid, unearned fees will be promptly refunded, and any earned, unpaid fees will be due and payable.
1650 Wealth Management LLC does not charge a management fee for any unusually large cash balances
maintained within their clients' accounts. Clients are provided with a quarterly invoice which includes the
formula used to calculate the fee, the amount of assets under management on which the fee is based and the
time period covered by the fee. 1650 reserves the right to waive the management fee at any point for various
reasons.
Householding is generally understood to occur when a financial firm groups accounts based on their
preexisting relationship with one another. Such as accounts of a married couple and their adult children living
at home.
1650 Wealth Management LLC's fees are exclusive of brokerage commissions, transaction fees, and other
related costs and expenses which shall be incurred by the client. Clients can incur certain charges imposed by
custodians, brokers, , custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer
and electronic fund fees, and other fees, such as margin interest fees and taxes on brokerage accounts and
securities transactions. Mutual funds, market linked notes and exchange traded funds also charge internal
management fees, which are disclosed in a fund's prospectus.

Such charges, fees and commissions are exclusive of and in addition to 1650 Wealth Management LLC's fee,
and 1650 Wealth Management LLC shall not receive any portion of these commissions, fees, and costs.
The calculation of fees is based on the values in our portfolio management system, which may vary from the
valuations of your custodian for various reasons, such as variances due to factors associated with accrued
interest, different pricing sources, transaction timing, corporate actions, trade settlement, and accounting
methods.
Item 12 further describes the factors that 1650 Wealth Management LLC considers in selecting or
recommending broker-dealers for client transactions and determining the reasonableness of their
compensation (e.g., commissions).
We have an inherent conflict of interest whenever we provide Financial Planning services to a client that also
has retained our Investment Advisory services. It could be in our best interest not to recommend paying down
debt that would directly reduce the Assets Under Management that we manage and charge a percentage fee for.
We mitigate this conflict by providing an overall plan suitable and in the best interest of the client.
1650 does not provide direct financial planning work. Our Investment Adviser Representative is a CFP® and
will adhere to the requirements to hold the designation whenever we provide Financial Planning Services we
shall:

        •   Document the scope of work in an agreement if we provide an financial plan.
        •   Prepare a questionnaire to understand the client's needs as part of our overall investment advisory
            services which even if they do not include a financial plan.
        •   Conduct a reasonable level of due diligence when referring other professionals to the financial
            planning client.
        •   Disclose any and all compensation methods we shall receive.
        •   Conduct reasonable due diligence when recommending or using technologies when providing
            professional CFP® services to a client.
        •   Periodically monitor the CFP Board's Code of Ethics and Standard of Conduct
Whenever 1650 makes a recommendation for the to any of our clients to utilize the services of a third-party
service provider as mentioned above, 1650 shall:

    •   Have a reasonable basis for the recommendation or Engagement based on the person's reputation,
        experience, and qualifications.
    •   Disclose to the Client, at the time of the recommendation or prior to the Engagement, any arrangement
...

Item 7 – Types of Clients
1650 Wealth Management LLC provides portfolio management services to individuals, high net worth
individuals, corporate accounts, charitable institutions, pensions, and trust accounts.