A&M Private Wealth Partners LLC

Item 5 – Fees and Compensation
AMPWP is compensated for its services provided to clients. AMPWP fees vary among the different
types of services provided and can and do depend on the type of account, the client’s relationship with
AMPWP, asset size, complexity, and/or investment strategies, among other considerations. Fees are
generally not negotiable, but can in certain instances be negotiable, in AMPWP’s sole discretion. Fees
can and do vary from client to client. In certain circumstances, AMPWP has waived certain fees. The
specific fees and the way fees are charged and calculated are described in the investment advisory
agreement and/or other engagement document. Clients should carefully review the investment
advisory agreement as well as any other engagement document prior to signing it. It is intended that
most AMPWP clients are or will be considered qualified clients and/or qualified purchasers as
defined under the federal securities laws. Fees for AMPWP’s services may be higher than fees charged
by other advisers who offer similar services.

For certain clients, AMPWP deducts fees from client accounts and for other clients AMPWP bills
clients for fees. Clients generally can select either method. Clients can specify in writing from which
account(s) the fees are deducted. Accounts initiated or terminated during a calendar quarter will be
charged a prorated fee. Although some accounts can pay in arrears, clients generally must pay
advisory fees in advance, on a quarterly basis. Any pre-paid, unearned fees will be promptly refunded
should, for example, the contract terminate prior to the end of the billing period. For investment and
wealth management services, refunds generally are calculated by taking the total advisory fee billed
for the calendar quarter, dividing that amount by the number of days in the calendar quarter and
multiplying that amount by the number of days services were not provided during the calendar
quarter. For financial planning and consulting services, refunds generally are calculated based on the
value of the services that were completed prior to termination of the agreement. For one-time

consulting projects that are partly paid upon execution of the agreement, the amount of the refund is
calculated based on the value of the services that were completed, per AMPWP’s discretion. Any
earned, unpaid fees will be due and payable upon termination of the relevant contract.

Wealth and Investment Management and Family Office Services
The wealth and investment management and family office services are provided for a fee typically
based on the amount of assets under AMPWP’s management, including assets of cash or cash
equivalents and assets bought on margin, with some exception. As stated, fees are generally billed in
advance each calendar quarter based on the reported market value of the assets on the last day of the
previous calendar quarter with adjustments for inflows and outflows and dates for each. Advisory fees
for the first quarter are prorated for the number of days services will be provided in the quarter and
are based on the value at the time advisory services commence. If and when a fee is billed in arrears,
it is expected that the advisory fee typically will be based on the average daily balance for the calendar
quarter, based on custodial or reported values. The maximum annual advisory fee generally is 1% of
the assets under management. Fees in some instances are tiered and based on aggregated client or
household assets under management, and, in some instances, fees are based on the amount of assets
within each account. When AMPWP provides advice on legacy positions held in client portfolios as
part of the client’s overall investment management strategy, AMPWP generally includes the value of
the legacy positions in the assets under management used to determine the client’s advisory fee. For
services AMPWP provides to certain clients or for specific client holdings, for example held-away
assets, AMPWP can, in AMPWP’s sole discretion, negotiate and has negotiated a fee rate that differs
from our standard fee. For A&M Trust Company clients that utilize AMPWP as investment adviser
for their investment advisory accounts, it is expected that the advisory fee in certain instances will be
paid in arrears, and, for certain trusts, A&M Trust will share in a portion of the investment advisory
fee or will receive a fee for its trustee related oversight of AMPWP’s investment advisory services in
addition to its fee for other trustee and administrative services.

AMPWP generally relies on third party pricing sources, aggregators, third party administrators,
and/or custodians to provide pricing for assets in client accounts. For investments in underlying funds
or assets that experience delays in reporting, AMPWP generally calculates advisory fees using the
most recently reported valuation from the underlying manager, which for some assets such as
privately held assets is the result of subjective determinations by the underlying manager to the fund
or asset. The value of the interests held by AMPWP clients in the funds are included in the assets
under management for purposes of calculating the AMPWP management fee, with limited exception.
Funds additionally have their own investment and/or performance fee that clients who are invested
in the funds incur.

Selection of Third-Party Asset Managers and Products
Fees for third-party asset managers are separate and in addition to AMPWP’s investment advisory
fees. Specific third-party product costs and fees charged by the third-party managers as well as how
and when such fees are charged are disclosed in the respective third-party manager’s agreements and
Form ADV Part 2A Brochure.

Financial Planning and Consulting Services
Fees for financial planning and consulting services generally are billed at a fixed rate in advance or in
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Item 7 – Types of Clients
AMPWP’s clients generally are ultra-high net worth individuals and families, with their associated
trusts, foundations, endowments, non-profit organizations, and other entities. AMPWP can in its
discretion engage with clients who are not ultra-high net worth clients and has engaged with other
entities such as an insurance company and other businesses.

AMPWP generally caters to families with a net worth of $100,000,000 and generally requires an initial
investment of at least $5,000,000 to $10,000,000 for investment advisory services, depending on the
strategy. AMPWP can and has waived these expected values.