Absher Wealth Management LLC

Item 5 – Fees and Compensation

How We Are Compensated for Our Advisory Services

Absher Wealth Management offers its advisory services on a fee-only basis. Our fees vary among the
different types of advisory services we offer and may be negotiated at our sole discretion. The specific
fees and manner in which fees are charged and calculated are described in your investment advisory
agreement. You should carefully review the investment advisory agreement prior to signing it.

Fees for our advisory services may be higher or lower than fees charged by other advisers who offer
similar services. You may be charged different fees than similarly situated clients for the same services.
You should carefully review this brochure to understand the fees and other sources of compensation
that exist among our services prior to entering into an investment advisory contract with our firm.

Portfolio and Wealth Management Services

Absher Wealth Management offers investment and wealth management services for an annual fee
based on the amount of assets under the firm’s management. Fees are generally billed in advance each
calendar quarter based on the market value of the assets under management/advisement on the last
day of the previous calendar quarter. For investment and wealth management services Absher Wealth
Management provides with respect to certain client holdings (e.g., held-away assets, 529 plans, etc.),
we may negotiate a fee rate that differs from our standard fee schedule.

Our graduated fee schedule is as follows:

    Assets Under Management                             Annual Advisory Fee
    $0 to $1,000,000                                    1.10%
    $1,000,001 to $2,000,000                            1.00%
    $2,000,001 to $3,000,000                            0.90%
    $3,000,001 to $5,000,000                            0.85%
    $5,000,001 to $10,000,000                           0.80%
    More than $10,000,001                               0.75%

This fee schedule may be based on cumulative household assets under management. However, certain
ERISA rules prevent householding corporate plans with personal assets for fee reductions. You should
refer to your advisory agreement for your specific fee rate(s).

Financial Planning and Consulting Services

Fees for financial planning and/or consulting services can be billed on an hourly rate, fixed rate, or
project basis in advance on a monthly or quarterly basis. There is no minimum fee required for
financial planning or consulting services; however financial planning and consulting fees shall
generally not exceed $20,000. Fees are due and payable as incurred. Absher Wealth Management may
agree with clients to charge fixed fees for consulting services.

Factors we consider when determining our financial planning and consulting fees include, but are not
limited to:

   •   The amount of time we expect to spend completing the financial planning or consulting
       services and providing related advice;

   •   The complexity of your goals, issues and/or needs;

   •   The extensiveness and complexity of the data needed regarding your personal financial
       information;

   •   Your net worth or the value of your investment accounts and/or other assets that are the
       subject of the financial planning or consulting services; and/or

   •   Special circumstances related to life changes, marital status, health or special income needs,
       or growth or decline of a personal business.

Absher Wealth Management may request a retainer to initiate financial planning and consulting
services. However, we will not request the prepayment of fees more than $1,200 in advisory fees more
than six months in advance.

You may engage Absher Wealth Management for additional investment management services to
assist with implementing one or more financial planning recommendations. You will incur additional
fees if you retain our firm for such services. You have complete freedom in selecting an investment
adviser to assist you in implementing any recommendations by Absher Wealth Management and are
under no obligation to act upon the advice we provide.

For consulting services, the investment advisory agreement between Absher Wealth Management and
the client will continue in effect until terminated by either party. For stand-alone financial planning
services, the agreement between Absher Wealth Management and the client will terminate upon
delivery of the plan or completion of the service.

Payment of Fees

Clients must authorize Absher Wealth Management to instruct the account custodian to directly debit
fees from the client’s account. Accounts initiated or terminated during a calendar quarter will be
charged a prorated fee.

Fees for our advisory services generally require you to pay investment advisory fees in advance of
receiving services. Upon termination of your advisory agreement with our firm, we will promptly
refund any prepaid, unearned fees.

    •   For investment and wealth management services, refunds 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 are calculated based on the value of
        the services that were completed prior to termination of the advisory agreement.

Other Types of Fees and Expenses You May Incur

Absher Wealth Management’s fees are exclusive of brokerage commissions, transaction fees, and
other related costs and expenses which shall be incurred by the client. Clients may incur certain
charges imposed by custodians, brokers, third-party investments and other third parties, such as
custodial fees, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and other fees
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Item 7 – Types of Clients

Absher Wealth Management offers investment advisory services to a wide variety of clients, including
individuals, high net worth individuals and families, pension, profit-sharing and other employer

sponsored plans, trusts, estates, family entities, charitable institutions, foundations, corporations, and
other business entities.

Absher Wealth Management generally requires a minimum initial investment of $500,000 for the
Absher Portfolio Management (APM) program. The firm, in its sole discretion, may accept clients
with smaller portfolios based upon each client’s particular circumstances.