1900 Wealth Management LLC

Item 5: Fees and Compensation

1900 Wealth offers services for fees based upon assets under management or advisement.

Financial Planning Fees
Financial planning services fees are billed in arrears after the engagement is completed. A typical
plan fee is $1,500; however, the fee could exceed that depending on the complexity. Fees and
payment arrangements are clearly stated in the engagement letter executed between 1900 Wealth
and the client.

Factors that are considered when determining the fee, include but are not limited to:
    • The scope of the plan, i.e., plans that cover all aspects of the financial plan such as business
        succession, estate planning, retirement needs, education planning, among others, would
        warrant a higher fee than a more simplistic situation covering typical financial needs for
        current money management and retirement.
    • Complexity of the financial situation, i.e., trusts, estates, business ownership, tax brackets,
        and other personal needs

The time/cost varies from client to client. In limited circumstances, the time/cost could potentially
exceed the initial estimate. In such cases, we notify the client and may request that an additional
fee be paid. Under no circumstances do we require prepayment of a fee in excess of $1,200 six or
more months in advance.

In our sole discretion, we may waive, lower, or offset a portion of the financial planning fee in lieu
of a portion of the management fee if the client utilizes our asset management services, as
previously described. However, the client may act on 1900 Wealth’s recommendations by placing
securities transactions with any brokerage firm she/he chooses. The client is under no obligation to
act on 1900 Wealth’s financial planning recommendations. Moreover, if he/she elects to act on any
of the recommendations, he/she is under no obligation to implement the financial plan through
1900 Wealth.

1900 Wealth does not provide legal or tax preparation services. Fees charged by other professionals
for such services are separate and distinct from planning fees paid to 1900 Wealth. Typically, other
professionals will bill the client directly. However, where the client asks 1900 Wealth to engage
other professionals on their behalf, these other professionals will bill 1900 Wealth and, in turn,
1900 Wealth bills the client for additional costs incurred. However, this arrangement will not cause
the client to pay professional or advisory fees in excess of normal fees typically charged by either
party. 1900 Wealth does not share in any portion of the fees paid to other professionals on the
client’s behalf. The agreed upon fee and payment arrangements are established at the beginning of
the advisory relationship based upon the scope of the work to be performed and the complexity of
the client’s financial situation.

The client may terminate the engagement letter by providing notice to 1900 Wealth. The client will
incur a pro rata charge for services rendered prior to the termination of the agreement. If the client
has pre-paid advisory fees that 1900 Wealth has not yet earned, he/she will receive a prorated
refund of those fees.

Tax Planning Consulting Services
Tax planning consulting services fees are based on an hourly negotiable fee of $350 per hour billed
in arrears after the engagement is completed. A typical engagement is 3-6 hours with a fee generally
not exceeding $2,000. Fees and payment arrangements are clearly stated in the engagement letter
executed between the client and 1900 Wealth.

Consulting Fees
1900 Wealth offers certain consulting services for a fee. The range of these fees varies based on
the complexity of the relationship. These fees are negotiated as a percentage of assets under

management fees or as a flat fee and can be paid on a frequency unique to the relationship. Fees
and payment arrangements will be clearly stated in the agreement executed between the client and
1900 Wealth.

Wealth Management Fees
1900 Wealth offers wealth management services for an annual fee based on the amount of assets
under 1900 Wealth’s management. This fee varies in accordance with the current blended fee
schedule:
                                                                           Annual Rate* (Billed
                 Advisory Fee Schedule                                         Quarterly)
  For the first amount up to $2,000,000
                                                                                      0.95%
  (Minimum annual advisory fee is $7,500)
  For the next amount from $2,000,001 to $5,000,000                                   0.75%
  For the next amount from $5,000,001 to $10,000,000                                  0.60%
  For the next amount from $10,000,001+                                               0.45%
*Adviser, in its sole discretion, may negotiate to reduce any fee. Assets under management exclude any non-
managed assets held in a managed account. A non-managed asset includes any asset that the client has
directed the Adviser to hold and not trade. Employee discounts are at the discretion of the Adviser and 1900
Wealth’s Board after termination of employment, whether voluntary or otherwise. Not all of our clients are
on the same advisory fee schedule as our fees, and the assets we bill on have changed over the life of the
firm. Additionally, our fees are negotiable, and we reserve the right to negotiate any fees based on numerous
factors. Therefore, some clients pay more or less than others for similar services.

1900 Wealth is a fee-based adviser, not a commission-based adviser. This means we are paid a fee
for our wealth management services based on the market value of your assets under management
at the end of each quarter. We bill our fees quarterly and they are payable in advance. Our fees are
negotiable in certain circumstances. Fees can be paid by having them deducted directly from your
account. We provide you with a quarterly fee statement.
...

Item 7: Types of Clients

1900 Wealth offers services to individuals, pension and profit-sharing plans, trusts, estates,
charitable organizations, corporations, family offices, affiliated pooled investment vehicles, and
business entities.

Minimum Account Requirements
1900 Wealth does not impose a stated minimum fee or minimum portfolio value for starting and
maintaining an investment management relationship.

To invest in a Fund or any other pooled investment vehicle managed or sponsored by the Firm or
an affiliate thereof, each investor generally is required to certify that it is, among other things, an
“accredited investor,” “qualified client,” and/or a “qualified purchaser,” as such terms are defined
under applicable U.S. securities laws.