Accredited Wealth Management LLC

Item 5: Fees & Compensation

    How We Are Compensated for Our Advisory Services
    Comprehensive Portfolio Management:

                      Assets Under            Annual Percentage of Assets
                                                                                  Quarterly Fee
                      Management                       Charge
                      Up to $500,000                    0.95%                        0.2375%
                  $500,000 to $1,000,000                0.85%                        0.2125%
                 $1,000,001 to $1,500,000               0.75%                        0.1875%
                 $1,500,001 to $2,000,000               0.65%                        0.1625%
                 $2,000,001 to $2,500,000               0.55%                        0.1375%
                 $2,500,001 to $3,000,000               0.45%                        0.1125%
                 $3,000,001 to $5,000,000               0.40%                        0.1000%
                     Above $5,000,000                 Negotiable                    Negotiable

    Our firm’s fees are billed on a pro-rata annualized basis quarterly in advance based upon the market
    value of your account on the last day of the previous quarter. Annualized fees are divided by 4 to
    arrive at the quarterly rate rounded to the nearest dollar. For example, an account subject to an
    annual fee of 0.95% will be billed a quarterly fee of 0.2375% by multiplying 0.002375 by the balance
    of the account on the last day of the previous quarter. Accounts opened in the middle of a quarter will
    not be billed until quarter-end at which time they will be billed in arrears for the days the account
    was open during the previous quarter as well as quarterly in advance for the following quarter.

    Our fees are generally not negotiable, for accounts under $5,000,000, but vary based on individual
    circumstances. Fees will be deducted from your managed account when authorized unless there is
    an alternative form of payment arranged with the client. As part of the fee deduction process, you are
    made aware of the following:

ADV Part 2A – Firm Brochure                        Page 5                          Accredited Wealth Management LLC

         1. Clients must provide our firm with written authorization permitting direct payment of
            advisory fees from their account(s) maintained by a custodian who is independent of our
            firm;
         2. Quarterly statements are sent to the client showing the fee amount, the value of the assets
            upon which the fee is based, and the specific manner in which the fee is calculated as well as
            disclosing that it is the client’s responsibility to verify the accuracy of fee calculation, and that
            the custodian does not determine its accuracy; and
         3. The account custodian sends a statement to the client, at least quarterly, showing all account
            disbursements, including advisory fees.

    Financial Planning & Consulting:
    We charge on an hourly or flat fee basis for financial planning and consulting services. The total
    estimated fee, as well as the ultimate fee that we charge you, is based on the scope and complexity of
    our engagement with you. Our hourly fees generally range from $200 to $300. Flat fees generally
    range from $1,500 to $5,000.

    We require a retainer of fifty-percent (50%) of the ultimate financial planning or consulting fee with
    the remainder of the fee directly billed to you and due to us within thirty (30) days of your financial
    plan being delivered or consultation rendered to you. In all cases, we will not require a retainer
    exceeding $500 when services cannot be rendered within six (6) months.

    Other Fees
    Clients will incur transaction charges for trades executed in their accounts. These transaction fees
    are separate from our fees and will be disclosed by the firm that the trades are executed through.
    Also, clients will pay the following separately incurred expenses, which we do not receive any part
    of: charges imposed directly by a mutual fund, index fund, or exchange traded fund which shall be
    disclosed in the fund’s prospectus (i.e., fund management fees and other fund expenses). Charles
    Schwab & Co., Inc. (“Schwab”), does not charge transaction fees for U.S. listed equities and exchange
    traded funds.

    Refunds Following Termination
    We charge our advisory fees quarterly in advance. In the event that you wish to terminate our
    services, we will refund the unearned portion of our advisory fee to you. You need to contact us in
    writing and state that you wish to terminate our services. Upon receipt of your letter of termination,
    we will proceed to close out your account and process a pro-rata refund of unearned advisory fees.

    Commissionable Securities Sales
    We do not sell securities for a commission in our advisory accounts.

Item 7: Types of Clients

    We have the following types of clients:
       • Individuals and High Net Worth Individuals;
       • Trusts, Estates or Charitable Organizations and;
       • Corporations, Limited Liability Companies and/or Other Business Types

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    Our requirements for opening and maintaining accounts or otherwise engaging us:
       • We do not require a minimum account balance for our Comprehensive Portfolio Management
           service.
       • We generally charge a minimum fee of $1,000 for written financial plans, which may vary
           depending on the complexity and overall client relationship.