Andrews Lucia Wealth Management LLC

Item 5 – Fees and Compensation

In certain circumstances, all fees, account minimums and their applications to family
circumstances may be negotiable.

ALWM has contracted with Focus Partners Advisor Solutions, for services including trade
processing, collection of management fees, record maintenance, report preparation,
marketing assistance, and research. ALWM has also contracted with Focus Partners Advisor
Solutions for sub-advisory services with respect to clients’ fixed income accounts. ALWM
pays a fee for Focus Partners Advisor Solutions services based on management fees paid to
ALWM on accounts which use Focus Partners Advisor Solutions. The fee paid by ALWM to
Focus Partners Advisor Solutions consists of a portion of the fee paid by clients to ALWM and
varies based on the total client assets participating in Focus Partners Advisor Solutions
through ALWM. These fees are not separately charged to advisory clients.

The specific manner in which fees are charged by ALWM is established in a client’s written
agreement with ALWM. Generally, Investment Management clients will be invoiced in
advance at the beginning of each calendar quarter based upon the value (market value based
on independent third party sources or fair market value in the absence of market value;
client account balances on which ALWM calculates fees may vary from account custodial
statements based on independent valuations and other accounting variances, including
mechanisms for including accrued interest in account statements) of the client’s account at
the end of the previous quarter. New accounts are charged a prorated fee for the remainder
of the quarter in which the account is incepted (date of first trade or date assets transferred
in).

For Investment Management and Employee Benefit Retirement Plan Services, ALWM will
request authority from the client to receive quarterly payments directly from the client's
account held by an independent custodian. Clients may provide written limited
authorization to ALWM or its designated service provider, Focus Partners Advisor Solutions,
to withdraw fees from the account. Clients will receive custodial statements showing the
advisory fees debited from their account(s). Certain third-party administrators will calculate
and debit ALWM’s fee and remit such fee to ALWM.

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A client agreement may be canceled at any time, by either party, for any reason upon receipt
of 30 days written notice. Upon termination of any account at any time after the required 30-
day notice, any prepaid, unearned fees will be promptly refunded. ALWM will request
authority from the client to receive quarterly payments directly from the client's account
held by an independent custodian. Clients may provide written limited authorization to
ALWM or its designated service provider, Focus Partners Advisor Solutions, to withdraw fees
from the account. ALWM will send to the client an invoice showing the amount of the fee, the
value of the client's assets on which the fee was based, and the specific manner in which the
fee was calculated. Clients should verify the accuracy of the fee calculations in such invoices.
Client custodians will send at least quarterly statements directly to the client. Custodial
statements will only show the amount of the advisory fee.

ALWM’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 investment and other third parties such as fees
charged by managers, custodial fees, odd-lot differentials, transfer taxes, wire transfer and
electronic fund fees, and other fees and taxes on brokerage accounts and securities
transactions. Mutual funds and exchange traded funds also charge internal management
fees, which are disclosed in a fund’s prospectus. These fees will generally include a
management fee and other fund expenses. All fees paid to ALWM for investment advisory
services are separate and distinct from the fees and expenses charged by mutual funds and
ETFs to their shareholders.

Such charges, fees and commissions are exclusive of and in addition to ALWM’s fee, and
ALWM shall not receive any portion of these commissions, fees, and costs.

Advisory Fees

The annual fee for investment management services will be charged as a percentage of
total assets under management, according to the schedule below:

      Assets under management                      Annual Fee (%)
      Up to $499,999                               1.25%
      $500,000 - $999,999                          1.00%
      $1,000,000 - $1,999,999                      0.90%
      $2,000,000 - $2,999,999                      0.80%
      $3,000,000 - $4,999,999                      0.70%
      $5,000,000 - $9,999,999                      0.60%
      $10,000,000 - $14,999,999                    0.50%

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      $15,000,000 or greater                       0.40%

All accounts for members of the client's family (husband, wife and dependent children) or
related businesses may be assessed fees based on the total balance of all accounts.

Employee Benefit Retirement Plan Services:

The annual fee for plan services will be charged as a percentage of assets within the plan.
Certain pre-existing employee benefit plan services clients may be on a different fee
schedule.

      Assets Under           Focus Partners          ALWM’s Annual               Total Fee
      Management            Advisor Solutions’s          Fee
                               Annual Fee
 On the first $1,000,000          0.20%                    0.70%                   0.90%
 On the next $4,000,000           0.15%                    0.45%                   0.60%
...

Item 7 – Types of Clients

ALWM provides services to individuals (including high net worth individuals), qualified
retirement plans, trusts and small businesses.

A minimum of $400,000 of assets under management is generally required for management
services of portfolios of individual fixed income securities. This minimum account size may
be negotiable under certain circumstances.

                                                                       Classification Approved Outside Entities